Degen Token ($DEGEN) Soars 117.40% Following Coinbase Listing
In just 24 hours, Degen Token ($DEGEN) skyrocketed by 117.40%, taking the crypto world by storm following its listing on Coinbase. The sudden surge has drawn attention across the community, with many wondering if this rapid growth can be sustained. With significant price movement and community buzz, the future of $DEGEN is closely watched as investors speculate on its next move.
The $DEGEN coin has skyrocketed, soaring by 117.40% to hit $0.0098 within a single day of its Coinbase listing.
Moreover, this surge is a direct result of the coin’s newfound accessibility and visibility on one of the world’s largest exchanges. Investors have taken notice, creating a buzz of excitement within the cryptocurrency community.
Coinbase Listing Triggers Price Surge
As reported by @degentokenbase, the listing on the prestigious exchange has made $DEGEN easily accessible to millions of users, spurring high trading volumes and heightened demand.
The coin’s inclusion in the Coinbase marketplace has boosted its visibility, contributing to a massive uptick in price as buyers rushed in to take advantage of the new trading opportunity.
According to data from CoinGecko, the volume surge began shortly after the listing, leading to a rapid price increase, drawing attention from retail investors as well as institutional players.
As expected, the crypto space has been buzzing about $DEGEN’s incredible price action. On Twitter, many users shared their reactions to the sudden jump. @BitcoinladyTU wrote, “Watching $DEGEN rise makes you realize that the secure vibes of Sight AI are needed,” emphasizing the growing interest in other potential tokens due to $DEGEN’s rapid growth.
The broader crypto community’s reaction indicates that traders are closely watching $DEGEN’s performance and expect further movements.
What’s Next for $DEGEN in Sustaining the Momentum?
While $DEGEN’s rise is impressive, questions loom about whether it can maintain its momentum. Price action following listings on major exchanges like Coinbase often sees initial surges followed by corrections. Nevertheless, with its exposure on Coinbase, continued community support, and a solid trading volume, $DEGEN may see continued interest from the crypto market.
Some investors have already begun speculating on the long-term potential of $DEGEN. As mentioned by Coinbase, tokens like $DEGEN could experience volatility, but the substantial interest it has garnered thus far points to a possible sustained presence in the market.
