Based on CoinJournal, Bitcoin experienced a sell-off, dropping below $100,000 after reaching a record high of $108,577.25. This decline is attributed to profit-taking activities. Meanwhile, iDEGEN, an AI-themed meme coin, has gained significant attention, raising over $7 million since its launch on November 26, 2024. The project, which emphasizes community involvement and a fair pricing model, has sold over 1 billion $IDGN tokens. iDEGEN's token price adjusts based on purchase activity, and unsold tokens will be destroyed with a premium added upon its listing on January 1, 2025. Additionally, Dogecoin has seen a 35% price drop since December 8, 2024, aligning with Bitcoin's profit-taking and changes in the crypto fear & greed index. Despite this, Dogecoin finds support from Elon Musk's new government role and predictions of a potential price increase to $1 by early 2025.
Bitcoin Drops Below $100K Amid Profit-Taking; iDEGEN Raises $7M
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