By AI tailwinds have already helped the S&P 500 hit new highs in 2024 but a Wedbush Securities analyst is convinced the artificial intelligence revolution is still in its early innings only.
Dan Ives expects tech to lead the benchmark further up as the AI frenzy climbs into its next phase – and who’s to say the AI tailwinds will only deliver a boost to the stock market?
Artificial intelligence enabled meme coins like the recently launched iDEGEN stand just as much a chance of capitalising on the AI mania as equities.
Let’s dive deeper and explore what makes iDEGEN a potential AI play.
iDEGEN uses AI to consume knowledge from X
Statista forecasts the AI market to grow at a compound annualised rate of more than 28% over the next five years.
iDEGEN could benefit from it as it taps on artificial intelligence to learn and evolve based on “what the community feeds it on X”.
Its native token, in fact, could prove to be a more lucrative investment than stocks to play the AI frenzy as meme coins, particularly the “trendy” ones, tend to see explosive growth in their early stages.
iDEGEN launched its presale on November 26th.
Just hours later, it has already raised more than $400,000.
That speaks volumes to the kind of demand this new AI enabled token is attracting.
More importantly, the native iDEGEN coin is not based entirely on the hype.
Its price in presale inches up if buyers flock to it for two consecutive periods of 5 minutes each.
In other words, it’s the demand instead of hype that push the price of iDEGEN up every day.
Click here if you’d like to further explore what iDEGEN has in store for its investors.
Crypto tailwinds suggest good times ahead of iDEGEN
iDEGEN plans on going live on a crypto exchange on January 1st.
Typically, a listing increase access to a meme coin that eventually translates to a higher price.
So, building an early position in iDEGEN will enable investors to not only benefit from price bumps during the presale, but the explosive upside that may unlock upon listing as well.
Additionally, the coming year is broadly expected to be a strong one for cryptocurrencies as Donald Trump delivers on his promise of pro-crypto policies as the 47th President of the United States.
iDEGEN stands to benefit under the new government as well because meme or not, it, nonetheless, is a cryptocurrency at its core.
Finally, money will likely flow into the risk-on assets as the US Federal Reserve continue to lower interest rates in 2025 – and some of it may find its way to the “sentient degenerate AI memelord” (iDEGEN).
If you’d like to learn about ways to invest in the iDEGEN meme coin, click here to visit its website now.
The post iDEGEN presale raises over $400,000 within hours: AI to drive further upside appeared first on Invezz
