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**Cardano and Ethereum Prices at Risk as iDEGEN Surges**
A sudden surge in the price of iDEGEN (IDGN) tokens has sent shockwaves through the cryptocurrency market, raising concerns about the potential impact on other major assets like Cardano (ADA) and Ethereum (ETH). The token’s value has skyrocketed by over 13,000%, making it a highly coveted opportunity for investors.
As IDGN continues to rise, some experts warn that its rapid growth may put pressure on the broader market. With ADA currently trading at $0.0146, many investors are eyeing this as a potential buying opportunity, given the altcoin’s past performance and market volatility.
Notably, the Cardano price chart shows a clear double top pattern formation, indicating a consolidation phase in the near term. This may lead to further losses for ADA holders unless it breaks above the resistance level of $1.0471.
Meanwhile, Ethereum, which has been trading within a tight range, is not immune to the market turmoil. Its current position on the daily chart suggests a period of range-bound trading as the bulls defend the support zone of $0.9608.
The sudden surge in IDGN tokens may be signaling a shift in investor sentiment, and the market should closely monitor the development to gauge its potential impact on other major assets like ADA and ETH.
Please acknowledge that this may be the only opportunity to own IDGN tokens at the current price of $0.0146.
Source: coinjournal.net
