Market Update: Focus Shifts to Bitcoin and Dogecoin Amid iDEGEN’s Impact on Crypto Landscape
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Title: Bitcoin and Dogecoin in Focus as iDEGEN Fires on All Cylinders
As the crypto market continues to navigate through a period of uncertainty, two coins have managed to grab attention – Bitcoin (BTC) and Dogecoin (DOGE). The surge in interest is largely attributed to the impressive performance of a newly-launched platform called iDEGEN.
The market’s focus on these two cryptocurrencies stems from their recent movements. In the case of BTC, it has just set a new all-time high of $106k. Meanwhile, DOGE has been experiencing an unprecedented rally, with many predicting that Elon Musk’s involvement may potentially propel its price to $1 in early 2025.
DOGE’s current value is not immune to changes, having dropped approximately 35% since December 8th when it reached a three-year high. This decline corresponds with the easing of fear & greed index sentiment and some profit-taking in Bitcoin.
Source: coinjournal.net
