Bittime - The year 2024 is shaping up to be a rollercoaster ride for crypto assets! Big coins like Bitcoin hit record highs that left everyone stunned. And you know what? Even large institutions are jostling on the crypto train like never before.
Even so, let's not forget the fun things about the crypto world that is memecoin! They have kicked off the internet in unexpected ways! One such meme coin is DEGEN coin. Let's look at this DEGEN coin price prediction article in more detail.
What is Forcaster?
Farcaster is a decentralized social protocol built on top of the Optimism network, enabling the development of diverse decentralized social media applications using features that smart contracts have developed. Farcaster has welcomed more than 200,000 users since its launch, according to data from Dune Analytics.
Notable users include Vitalik Buterin and Base network founder, Jesse Pollack. Farcaster Frames is one of the main drivers of the protocol's popularity; they allow users to develop small applications that run inside posts on Warpcast, including NFT creation, newsletter subscriptions, and game play.
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What is DEGEN token?
DEGEN is a token associated with the Farcaster protocol. In the crypto world, the term "degen" stands for "degenerate," describing someone who pursues an opportunity that seems promising without doing adequate research beforehand. DEGEN is one of the many meme coins that have taken the internet by storm in unexpected ways. Although it originally started as a meme coin, DEGEN now has a significant following and is used by developers, crypto content creators, and enthusiasts who buy this token.
DEGEN, the token of which appears in early January 2024, has changed the mood in the world of Farcaster. Now, Casters can show their appreciation by giving DEGEN for the best content. With their points system, they ensure that every outstanding post and comment gets the recognition it deserves, seamlessly connecting online contributions with real-world value.
DEGEN Price Causes
DEGEN, a memecoin that has recently seen a surge in popularity, has introduced its own Layer 3 network.
This development, announced on March 28, saw DEGEN partner with Syndicate, a Layer 3 infrastructure provider, to launch Degen Chain.
Built on Arbitrum Orbit's stack technology, the chain will process transactions on Base, Ethereum's Layer 2 platform where DEGEN was initially launched. In addition, the chain will leverage AnyTrust for data availability services. The integration of Layer 3 functions increases the utility of the DEGEN token, which now serves as the gas token for the Degen Chain.
Will Papper, co-founder of Syndicate, highlighted the selection of Arbitrum Orbit for its adaptability and support for customized token gas. Settlement of transactions on Base facilitates a smoother bridge process between Base, Coinbase, and other platforms for both users and developers.
Kedepannya, Degen Chain akan menjadi platform utama untuk token DEGEN dan komunitasnya. Selain itu, proyek ini mengundang pengembang pihak ketiga untuk berkontribusi pada pertumbuhan jaringan.
Jacek, pendiri DEGEN, menyebutkan minat beberapa aplikasi keuangan sosial dalam memanfaatkan Degen Chain, termasuk Farcaster frames PayBot, Perl, dan LottoPGF.
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Harga Tertinggi DEGEN
Per tanggal hari ini, harga DEGEN berada di $0.047877, dengan volume perdagangan 24 jam sebesar $9.81 juta. Kapitalisasi pasarnya mencapai $597.59 juta, dengan dominasi pasar sebesar 0.02%. Dalam 24 jam terakhir, harga DEGEN melonjak sebesar 44.14%.
Harga tertinggi yang pernah tercatat untuk DEGEN terjadi pada tanggal 31 Maret 2024, mencapai rekor tertinggi sebesar $0.058950. Sebaliknya, harga terendahnya terjadi pada tanggal 15 Januari 2024, turun hingga mencapai rekor terendah sebesar $0.00002274.
Setelah mencapai harga tertinggi, harga terendah yang dialami adalah $0.046441 (titik rendah siklus), sementara harga tertinggi sejak titik terendah ini adalah $0.047877 (titik tinggi siklus). Saat ini, sentimen terhadap prediksi harga DEGEN terlihat bullish, dengan Indeks Ketakutan & Keserakahan menunjukkan nilai 75 (Keserakahan).
Dari segi sirkulasi, DEGEN saat ini memiliki 12,48 miliar token DEGEN beredar dari pasokan maksimum sebesar 36,97 miliar token DEGEN.
Kesimpulan
The recent surge in momentum can be attributed to the growing adoption within the Base ecosystem. DEGEN has significantly evolved into a means for fundraising, as evidenced by the success of the project in raising $
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How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
Learn the Complete Guide on How to Buy Crypto on Bittime.
Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
DEGEN, Meme Coin on Blockchain Base Skyrockets to New Highs
Meme Coin Craze in Base Ecosystem: CHAD, DEGEN, NORMIE Lead Rise
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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