Degen

DegenSwap

Degen (SOL)

Degen Token

<div class="insidebitcoins">
 The Degen price has plunged by 16% in the last 24 hours to trade at $0.03401 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="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20933%20648'%3E%3C/svg%3E" alt="" width="933" height="648" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/04/12/e5f530306fae19270e07cfdee50cca01.webp 933w, https://cdn.thebittimes.com/images/2024/04/12/e5f530306fae19270e07cfdee50cca01.webp 300w, https://cdn.thebittimes.com/images/2024/04/12/e5f530306fae19270e07cfdee50cca01.webp 768w" data-lazy-sizes="(max-width: 933px) 100vw, 933px" data-lazy-src="https://cdn.thebittimes.com/images/2024/04/12/e5f530306fae19270e07cfdee50cca01.webp">
 <noscript><img decoding="async" class="alignnone wp-image-505477 size-full" src="https://cdn.thebittimes.com/images/2024/04/12/e5f530306fae19270e07cfdee50cca01.webp" alt="" width="933" height="648" srcset="https://cdn.thebittimes.com/images/2024/04/12/e5f530306fae19270e07cfdee50cca01.webp 933w, https://cdn.thebittimes.com/images/2024/04/12/e5f530306fae19270e07cfdee50cca01.webp 300w, https://cdn.thebittimes.com/images/2024/04/12/e5f530306fae19270e07cfdee50cca01.webp 768w" sizes="(max-width: 933px) 100vw, 933px">
 </noscript>
 <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="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201600%20687'%3E%3C/svg%3E" alt="Degen price" width="1600" height="687" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/04/12/4e50ee6a3b75c58cdfe48a2659eb35b2.webp 1600w, https://cdn.thebittimes.com/images/2024/04/12/4e50ee6a3b75c58cdfe48a2659eb35b2.webp 300w, https://cdn.thebittimes.com/images/2024/04/12/4e50ee6a3b75c58cdfe48a2659eb35b2.webp 1024w, https://cdn.thebittimes.com/images/2024/04/12/4e50ee6a3b75c58cdfe48a2659eb35b2.webp 768w, https://cdn.thebittimes.com/images/2024/04/12/4e50ee6a3b75c58cdfe48a2659eb35b2.webp 1536w" data-lazy-sizes="(max-width: 1600px) 100vw, 1600px" data-lazy-src="https://cdn.thebittimes.com/images/2024/04/12/4e50ee6a3b75c58cdfe48a2659eb35b2.webp">
 <noscript><img decoding="async" class="alignnone wp-image-505459 size-full" src="https://cdn.thebittimes.com/images/2024/04/12/4e50ee6a3b75c58cdfe48a2659eb35b2.webp" alt="Degen price" width="1600" height="687" srcset="https://cdn.thebittimes.com/images/2024/04/12/4e50ee6a3b75c58cdfe48a2659eb35b2.webp 1600w, https://cdn.thebittimes.com/images/2024/04/12/4e50ee6a3b75c58cdfe48a2659eb35b2.webp 300w, https://cdn.thebittimes.com/images/2024/04/12/4e50ee6a3b75c58cdfe48a2659eb35b2.webp 1024w, https://cdn.thebittimes.com/images/2024/04/12/4e50ee6a3b75c58cdfe48a2659eb35b2.webp 768w, https://cdn.thebittimes.com/images/2024/04/12/4e50ee6a3b75c58cdfe48a2659eb35b2.webp 1536w" sizes="(max-width: 1600px) 100vw, 1600px">
 </noscript>
 DEGENUSDT <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> 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 SpongeV2. YouTube channel 99Bitcoins says it could be the next meme coin to 100X on launch.
 
 <div class="rll-youtube-player" data-src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/QBOKO7TfAq8" data-id="QBOKO7TfAq8" data-query="feature=oembed" data-alt="New 50X Potential Crypto BUY NOW!? MISSED SPONGE V1 DON'T MISS V2! Sponge V2 has 100X Potential"></div>
 <noscript><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://thebittimes.com/image/getimage/?url=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>
 </noscript>
 
 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 <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> and better value for token holders. Its staking option, 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, #SPONGERS! 🧽💦#SpongeV2 is bringing exciting utility through our upcoming #P2E game! 🔥
 Get ready to earn $SPONGE tokens by playing the game and ranking on the leaderboard.
 Stay tuned for more info! 🚀#MemeCoin #Crypto #Alts #100x pic.twitter.com/5aaLxGz8N1
 — $SPONGE (@spongeoneth) March 22, 2024
 </blockquote>
 
 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 project’s official website here using ETH, MATIC, USDT or a bank card.
 <h2 id="span-style-font-weight-400-related-articles-span">Related Articles</h2>
 <ul>
 <li style="font-weight: 400;">Can Pepe Dethrone Shiba Inu? Or Will They Both Be Outperformed by This Hottest Meme Coin Launching Soon?</li>
 <li style="font-weight: 400;">Best Meme Coins to Invest in: Top Picks for Exponential Gains!</li>
 <li style="font-weight: 400;">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</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/degen-price-prediction-degen-is-the-top-meme-coin-loser-with-16-plunge-as-analysts-say-consider-this-2-0-ico-for-explosive-potential-tbt85224.html">https://thebittimes.com/degen-price-prediction-degen-is-the-top-meme-coin-loser-with-16-plunge-as-analysts-say-consider-this-2-0-ico-for-explosive-potential-tbt85224.html</a>
</div>

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

TheBitTimes

Other articles published on Apr 12, 2024

Trader hits $6M pay day after spending $8K on Ethereum memecoin

Menguasai Investasi Kripto: Solana (SOL), Shiba Inu (SHIB), dan Furrever Token

Kripto Favorit Investor: Tren Bullish KAVA hingga Teknologi BlockDAG

BlackRock’s IBIT leads with record $192 million inflows

5 Tokens That Can Outperform Solana's Growth in 2024

Introducing CryptantCrab Prime—A Web3-based PVP Game

Join our free newsletter for daily crypto updates!