How to buy DEGEN Coin?

In this article, we will talk about a meme coin, DEGEN, and later on, we will discuss all the required steps to buy DEGEN.

Degen is a new and innovative layer-3 blockchain that started as a reward token for the participants in the Farcaster Degen channel.

What began as a joke coin has gained a large community of developers, crypto influencers, and fans who have invested in the project. At the start, 15% of the entire token supply was distributed to active Farcaster’s Degen channel members through an airdrop, with intentions to airdrop 70% of the total token supply eventually.

DEGEN’s Price Today

As of 03 June 2024, the price is $0.02202 today, with a 24-hour trading volume of $27,172,747.00. This represents a 1.52% price increase in the last 24 hours and a -11.04% price decline in the past 7 days. With a circulating supply of 12 Billion DEGEN, It is valued at a market cap of $275,588,306.

Technicals

The price is trading inside the ascending triangle. Currently, it is moving above the support trendline of the triangle. We have to wait for a successful breakout or breakdown to confirm the next move.

DEGEN’s current price is $0.02202 and it seems to be forming an Ascending Triangle pattern. The support has been steadily rising since May, while there is a resistance zone between $0.02450 and $0.02600. If the price manages to break above $0.02900, it might be a good idea to consider a long position.

You can set target exits at 0.02900 USDT and 0.03150 USDT. To minimize potential losses, it’s recommended to set a stop loss below the trend line at 0.02100 USDT. Looking at the MACD indicator, the MACD line is slightly above the signal line, indicating bullish momentum with a value of 0.0005. The RSI is at 55, suggesting a neutral market and supporting the possibility of a breakout. Overall, the confidence level for this analysis is high.

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DEGEN Token coin is available on multiple cryptocurrency Exchanges

\It is available on various cryptocurrency exchanges, including BYDFI, Gate.io, Bybit,
BingX, PancakeSwap, BurgerSwap, and JulSwap.

To buy Degen Token, you must create an account on one of these exchanges and have a Binance Smart Chain compatible wallet like MetaMask.

Once you have a wallet supporting DEGEN, you can connect it to the exchange and purchase the desired tokens using DEGEN or other supported cryptocurrencies.

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Buy DEGEN Token on BYDFI

DEGEN coin is listed on bydfi for trade and service. You can follow the step-by-step guide below to learn how to buy a DEGEN Token.

• Select ETH as the payment and DEGEN Token as the coin you want to acquire, and click the Swap button to complete your transaction.

Bonus point: By clicking on our referral, you can receive a 100 USDT bonus. 😁

Conclusion

DEGEN has transformed from a meme coin to a key player in the blockchain world, attracting a dedicated and expanding community of developers, influencers, and investors. DEGEN seeks to incentivize early supporters and participants through a well-thought-out distribution strategy, encouraging more interest and investment in the project.

DEGEN offers a unique investment opportunity in the cryptocurrency realm thanks to its forward-thinking strategy and vibrant community.