Is It Too Late To Buy DEGEN? Degen Price Soars 19% As Farcaster Raises $150 Million And This GameFi Token Might Be The Next Crypto To Explode

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The Degen worth is up 19% prior to now 24 hours to commerce for $0.0234 as of 06:10 a.m. EST on buying and selling quantity that surged by 60%.

In addition to the broader market’s present bullishness, the surge within the DEGEN worth may be attributed to Farcaster’s $150 million Sequence A fundraising.

Farcaster is a decentralized protocol for constructing web3 social media apps and facilitates the creation of social apps the place customers get pleasure from management over their interactions and viewers.

Degen Value Rallies On Farcaster’s $150 Million Sequence A Funding

Marketed as blockchain’s reply to conventional social media, the Farcaster group’s token is Degen (DEGEN). The platform revealed having raised $150 million in its newest Sequence A funding spherical.

Dan Romero, the founding father of Farcaster and former Coinbase government, stated in a publish on X on Tuesday that the funds will “help our work on Farcaster for a few years.”

Romero additionally indicated that the elevate would help Farcaster in rising its person base, highlighting that since October it had “350,000 paid sign-ups and a 50x enhance in community exercise.”

The fundraising was spearheaded by enterprise agency Paradigm, with Andreessen Horowitz, Haun, USV, Variant, and Customary Crypto additionally taking part.

The information of the elevate has despatched the Degen worth 19% north, on hypothesis that the expansion within the person base would prolong to demand for the DEGEN token.

In the meantime, others maintain that the information of Farcaster’s financing has opened a brand new window for the Base ecosystem. Arguably, AERO, DEGEN, and FRIEND tokens are the place mixture of the present massive buyers betting on the BASE ecology.

Degen Value Prediction

The Degen worth has damaged above a descending parallel channel on the one-day timeframe amid an ongoing uptrend. Nonetheless, it stays under resistance because of the trendline of the Fibonacci retracement indicator. Which means that whereas the outlook is bullish, the DEGEN token is just not but out of the woods.

If bullish momentum will increase, the Fibonacci retracement indicator exhibits that key ranges to observe can be the $0.0255, $0.0340, and $0.0399. These are earmarked by the 78.6%, 61.8%, and the 50% Fibonacci retracement ranges.

A transfer above every of the aforementioned ranges is anticipated to attract in additional bulls based mostly on their danger ranges. Nonetheless, solely a steady candlestick shut above the 50% Fibonacci degree of $0.0399 would vindicate the Degen worth from the thicket. Past this degree, DEGEN may make a gradual run to reclaim its peak worth of $0.0650. This degree was final examined on March 31.

Purchaser momentum continues to rise, as proven by the Relative Power Index (RSI). The place of the Transferring Common Convergence Divergence (MACD) above its sign line additionally reinforces the bullish outlook.

Degen price

GeckoTerminal: DEGEN/USD 1-day chart

However, a rejection from the 78.6% Fibonacci retracement degree of $0.0255 instigated by early revenue reserving may see the Degen worth pull again. A slip under the $0.0148 degree would invalidate the bullish thesis.

Whereas the Degen worth exploded within the final 24 hours, different alternatives exist for these with a high-risk urge for food, and one in all them is the DICE presale.

99Bitcoins, a crypto YouTube channel with greater than 700k subscribers, says the challenge has the potential to 100x on launch.

Promising Various To Degen

DICE powers the Mega Cube ecosystem, a crypto on line casino that launched final 12 months. Now it’s launching its personal token on Solana, with plans to problem sector titan Rollbit Coin.

The on line casino has an enormous person base of 50k registered customers, and over 10k month-to-month energetic customers wagering $50 million every month. This factors to an enormous group ready to choose up the token as soon as it goes stay. Latest reviews point out that the Telegram group has reached 10,000 members.

Early presale individuals additionally stand an opportunity to obtain bonus $DICE tokens, incentivizing engagement with Mega Cube’s numerous choices.

Mega Cube has additionally outlined plans to combine the token into the on line casino’s loyalty program. This provides rewards which can be extra beneficiant to players who use DICE tokens of their play. It’s going to additionally unlock entry to unique competitions and VIP experiences.

Moreover, the on line casino has a buyback and burn program that may cut back the availability. This may enhance shortage and doubtlessly pump the worth of the DICE token.

The presale continues to collect momentum with the official web site exhibiting upwards of $1.2 million already within the bag.

Proper now, every DICE token prices $0.075. Buyers can join their wallets and purchase DICE with SOL, ETH, or BNB.

Go to and purchase DICE tokens right here. You can even earn a ten% fee on all referral purchases.

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