Degen
DEGEN
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Degen price
$0.0006932
-- (--)
USD
Last updated on --.
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About Degen
DEGEN is a cryptocurrency that started as a meme within the Farcaster community and has grown into a thriving ecosystem on the Base blockchain. It represents a culture of engagement, tipping, and community-driven growth. The DEGEN token is used to reward creators and participants within the Degen Hub, an app designed to foster deeper conversations and connections. With features like token burns through tipping, DEGEN aims to create a sustainable and engaging environment for its users. Its rise as a top memecoin highlights the power of community and innovation in the crypto space.
AI insights
Degen’s recent prices
Past year
-75.83%
$0.00
3 months
-41.36%
$0.00
30 days
+0.46%
$0.00
7 days
-2.32%
$0.00
Degen performance
$0.0006932
Degen price today
Degen price today is $0.0006932, marking a +1.59% over the past 24 hours. On OKX, today’s Degen trading volume reached 1,828,317,946, worth over $1.27M.
$0.036491
Degen all-time high
Degen achieved its all-time high price of $0.036491 on Nov 15, 2024, (UTC+8). At today's price of $0.0006932, Degen price is now -98.11% lower than its historic high.
$0.0006932
Degen in USD
The current Degen to USD conversion rate is $0.0006932 per Degen.
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Learn more about Degen (DEGEN)
What's Degen?
Degen is a cryptocurrency token designed to facilitate decentralized finance (DeFi) activities. It aims to solve issues related to traditional financial systems by providing users with access to decentralized lending, borrowing, and trading. Degen is primarily used within DeFi platforms to enable seamless transactions and interactions without intermediaries, offering users greater control over their financial activities.
How does Degen work?
Degen operates on a blockchain that uses a consensus mechanism like Proof of Stake (PoS) to validate transactions. This technology ensures secure and efficient processing of transactions. Notable features include smart contracts that automate financial operations and decentralized applications (dApps) that enhance user experience. The blockchain's transparency and security are key to its functionality.
What's the total supply of Degen?
Degen has a fixed total supply, which is predetermined to ensure scarcity and value retention. The circulating supply varies as tokens are distributed and used within the ecosystem. Tokenomics mechanisms may include burning tokens to reduce supply or minting new tokens for rewards, impacting the overall supply dynamics.
What determines Degen's price?
The price of Degen is influenced by its utility in DeFi applications, demand from users, and overall network usage. Market sentiment, including investor confidence and interest, plays a role. Regulatory changes can impact its adoption and value. Competition from other tokens in the DeFi space also affects its market position.
Pros and cons of Degen
- Pros: Facilitates DeFi activities, offers decentralization, enhances user control, supports smart contracts.
- Cons: Subject to market volatility, regulatory risks, competition from other DeFi tokens, requires technical understanding.
How do I store my Degen?
Users can acquire Degen through exchanges like OKX, where it is supported. It can be used for DeFi activities such as lending and trading. Storage options include digital wallets, which should be secured with private keys. Users should be cautious of phishing attempts. Availability may vary by jurisdiction, so users should check local regulations.
Guides
Find out how to buy Degen
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think. Kickstart your journey on the OKX mobile app, or right here on the web.
Predict Degen’s prices
How much will Degen be worth over the next few years? Check out the community's thoughts and make your predictions.
View Degen’s price history
Track your Degen’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Degen on OKX Learn
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Degen FAQ
Degen can offer strong returns, but is also subject to market volatility. Whether it’s a good investment depends on your risk tolerance, goals, and market conditions. Degen’s price can be influenced by various factors such as adoption, regulation, technological advancement, and overall market sentiment. Always do your own research before buying Degen and never buy more than you can afford to lose. This content is for informational purposes only and isn’t financial advice.
To buy Degen at a low price, monitor the market closely and use tools like price alerts and technical indicators to keep you updated on price trends. Always do your own research and use secure platforms. This content is for informational purposes only and isn’t financial advice.
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Degen DEGEN safely on a trusted exchange like OKX.
Currently, one Degen is worth $0.0006932. For answers and insight into Degen's price action, you're in the right place. Explore the latest Degen charts and trade responsibly with OKX.
To read this Degen price chart, hover over or click on the time period you want to view. Hover over the chart to view the corresponding price, displayed in your local currency.
Yes, Degen’s price is updated in real-time on our Degen price page. You can view the current price and historical price data here at all times.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Degen DEGEN. Refer here for a more detailed guide.
Staking and earning rewards with Degen are subject to local restrictions. Log in or sign up to view products available in your country, region, or state of residence.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$25.62M #201
Circulating supply
36.97B / 36.97B
All-time high
$0.036491
24h volume
$1.27M
Rating
3.8 / 5
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