Degen

The Degen price has plunged by 16% in the last 24 hours <a href="https://www.coingecko.com/en/coins/degen-base" rel="noopener noreferrer nofollow">to trade at $0.03401</a> as of 7:05 a.m. EST on a 10% drop in trading volume to $71.2 million.
Degen is also the biggest meme coin loser among the top 100 coins by market cap.
<img decoding="async" class="alignnone wp-image-505477 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/04/degen.jpg" alt="" width="933" height="648" srcset="https://insidebitcoins.com/wp-content/uploads/2024/04/degen.jpg 933w, https://insidebitcoins.com/wp-content/uploads/2024/04/degen-300x208.jpg 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/degen-768x533.jpg 768w" sizes="(max-width: 933px) 100vw, 933px">
<h2 id="span-style-font-weight-400-degen-price-bulls-form-a-falling-wedge-pattern-can-the-bulls-regain-momentum-span">Degen Price Bulls Form A Falling Wedge Pattern: Can The Bulls Regain Momentum?</h2>
Even with the price of DEGEN dropping, the formation of the falling wedge pattern signals that the bulls might keep pushing the price up. If the momentum keeps going, the bulls could push the price past the wedge, continuing the upward trend.
<img decoding="async" class="alignnone wp-image-505459 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/04/degen-chart.jpg" alt="Degen price" width="1600" height="687" srcset="https://insidebitcoins.com/wp-content/uploads/2024/04/degen-chart.jpg 1600w, https://insidebitcoins.com/wp-content/uploads/2024/04/degen-chart-300x129.jpg 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/degen-chart-1024x440.jpg 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/degen-chart-768x330.jpg 768w, https://insidebitcoins.com/wp-content/uploads/2024/04/degen-chart-1536x660.jpg 1536w" sizes="(max-width: 1600px) 100vw, 1600px">
DEGENUSDT Analysis By Tradingview
The bulls have successfully maintained the price above the 200-period simple moving average (SMA) on the 4-hour chart, indicating a bullish trend. However, for the anticipated rally to be validated, sustained bullish pressure must propel the price above the 50-period SMA.
While the Relative Strength Index (RSI) has fallen below the midpoint level of 50, indications are suggesting it might bounce back around the 39 mark and rise towards the overbought territory at 70.
<h2 id="span-style-font-weight-400-degen-price-signals-a-rebound-to-another-rally-span">Degen Price Signals A Rebound To Another Rally</h2>
The Degen price signals a bullish stance, with bulls preparing to rebound for another surge to continue the rally to above the all-time high. Increased momentum could help the bulls catapult the price, surpassing its all-time high and reaching a new high at $0.07218 in the upcoming weeks.
On the flip side, if the bears maintain the downward move, the price could slip below the lower boundary of the triangle at the $0.01913 support zone, which coincides with the 200 SMA.
<h2 id="span-style-font-weight-400-spongev2-the-best-100x-meme-coin-to-buy-now-span">SPONGEV2:The Best 100X Meme Coin To Buy Now!</h2>
As traders await favourable entry points for the Degen price, there’s a lot of buzz around another meme coin called <a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow">SpongeV2</a>. YouTube channel 99Bitcoins says it could be the next meme coin to 100X on launch.
<iframe title="New 50X Potential Crypto BUY NOW!? MISSED SPONGE V1 DON'T MISS V2! Sponge V2 has 100X Potential" width="640" height="360" src="https://www.youtube.com/embed/QBOKO7TfAq8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
SpongeV2 aims to build on the achievements of Sponge V1, which provided early investors with returns of 100X on their investment, while soaring to a peak market cap of $100 million.
<h2 id="span-style-font-weight-400-earn-passive-income-with-p2e-and-staking-span">Earn Passive Income With P2E and Staking</h2>
Sponge V2 offers improved features and better value for token holders. Its <a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow">staking option</a>, for example, provides holders with an impressive annual percentage yield (APY) of 166% on Ethereum and 358% on the Polygon network.&nbsp;
The platform also plans to launch a play-to-earn racer game in both paid and free versions. In the paid version, SPONGE will serve as in-game credits, and rewards will also be given out in the meme coin.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Don't forget, <a href="https://twitter.com/hashtag/SPONGERS?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SPONGERS</a>! 🧽💦<a href="https://twitter.com/hashtag/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SpongeV2</a> is bringing exciting utility through our upcoming <a href="https://twitter.com/hashtag/P2E?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#P2E</a> game! 🔥
 Get ready to earn <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> tokens by playing the game and ranking on the leaderboard.
 Stay tuned for more info! 🚀<a href="https://twitter.com/hashtag/MemeCoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MemeCoin</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Alts?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Alts</a> <a href="https://twitter.com/hashtag/100x?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#100x</a> <a href="https://t.co/5aaLxGz8N1" rel="noopener noreferrer nofollow">pic.twitter.com/5aaLxGz8N1</a>
 — $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1771117138381525404?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 22, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
There’s talk swirling around about SpongeV2 being listed on a few top-tier exchanges, a buzz that is adding to the anticipation for its big launch.
If you want to buy SpongeV2, you can easily do so on the <a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow">project’s official website here using ETH, MATIC, USDT or a bank card.</a>
<h2 id="span-style-font-weight-400-related-articles-span">Related Articles</h2>
<ul>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/can-pepe-dethrone-shiba-inu-or-will-they-both-be-outperformed-by-this-hottest-meme-coin-launching-soon" rel="noopener noreferrer nofollow">Can Pepe Dethrone Shiba Inu? Or Will They Both Be Outperformed by This Hottest Meme Coin Launching Soon?</a></li>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/best-meme-coins-invest-top-picks-exponential-gains-calsona-iorle" rel="noopener noreferrer nofollow">Best Meme Coins to Invest in: Top Picks for Exponential Gains!</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/floki-price-prediction-floki-is-a-top-gainer-with-36-pump-as-traders-shift-to-this-2-0-meme-coin-with-new-exchange-listings-imminent" rel="noopener noreferrer nofollow">FLOKI Price Prediction: FLOKI Is A Top Gainer With 36% Pump As Traders Shift To This 2.0 Meme Coin With New Exchange Listings Imminent</a></li>
</ul>

Degen Price Prediction: DEGEN Is The Top Meme Coin Loser With 16% Plunge As Analysts Say Consider This 2.0 ICO For Explosive Potential

Table of Contents

Inside Bitcoins

Other articles published on Apr 12, 2024

OpenAI makes ChatGPT ‘less verbose,’ blurring writer-AI distinction

Scorpion Casino Excites Solana Community: New Token Launch Projects 100x Crypto Upswing

Crypto Market Fluctuates as Bitcoin Halving Approaches

Meme Coin Mania to Return: Will Meme Cryptos Gain Momentum After Bitcoin Halving?

Ondo Price Prediction: ONDO Soars 4% As Ondo Finance Converts Between USDC And BlackRock’s BUIDL,...

Pepe Price Soars After Coinbase International Announces Plan To List PEPE Perpetual Futures

Join our free newsletter for daily crypto updates!