First Coinbase Listed Meme Coin: Farcasters DEGEN Crypto Forms Cup and Handle

DEGEN is the first significant Coinbase meme coin listing of 2024, and the move is helping to recover DEGEN crypto price this October – let’s dig in.

Farcaster’s DEGEN Price Trading volume in 24h Last 7d price movement took a nosedive after its debut on Coinbase , a major U.S. crypto exchange. The listing ignited debates on crypto volatility and market dynamics.

Despite initial excitement, DEGEN plummeted -27% from its peak of $0.011, landing at $0.008, with only a modest +1.62% recovery today. This drop highlights the unpredictable nature of crypto markets, where increased visibility doesn’t always equate to price stability.

“The market’s reaction to DEGEN’s listing is a reminder of crypto’s inherent volatility, especially for tokens intertwined with niche ecosystems.” –Crypto Analyst Jordan Miller 

Farcaster DEGEN Token’s Role in the Ecosystem

DEGEN is the heartbeat of the Farcaster ecosystem, driving engagement on its decentralized social media platform. It’s tightly woven into Degen Chain, enabling the creation of apps on Coinbase’s Base blockchain.

Users can reward creators with a unique tipping mechanism, strengthening the community and valuing interaction beyond speculation.

Coinbase doesn’t list meme coins unless it’s certified by them. Their frist meme coin this cycle is $degen , this is the best time to buy it, easily 50x in my opinion

— AM (@realdog123) October 20, 2024

DEGEN’s launch comes with a 37 billion token supply, focusing on community engagement. With +70% allocated for investor sales, the platform underscores its aim for widespread involvement.

This strategy supports sustainable growth, while a +1% inflation rate starting in 2028 reflects DEGEN’s long-term ambitions.

Market Dynamics and Future Prospects for DEGEN Price

$DEGEN cup and handle pattern looks bullish. I got a bag. pic.twitter.com/Tr33lY9GMA

— kennycrypto (@kkennyyboi) October 20, 2024

DEGEN’s recent slide in value casts a shadow, yet its fate is tied to the volatile crypto market and Farcaster’s evolution. As investors scrutinize DEGEN’s role within Farcaster, these insights will shape its future.

DEGEN must harness its niche within Farcaster to thrive, building a dedicated community while waiting for November to see what regulations look like after the US Presidential election.

Forget Farcaster: the New FreeDum Fighters Token Needs to Be On Your Radar

( FreeDum Fighters )

PolitiFI tokens have stood out this year with memes, so why not have both? The newest PolitiFi token to go viral is FreeDum Fighters !

In FreeDum Fighters, MAGATRON, a Trump-like genius anarchist, and Kamacop, a liberal cop challenging injustice, set the stage. Their conflict powers a Vote to Earn system with two staking pools offering unique rewards.

We're in the top 10 without even listing a coin 🤯🤯🤯 https://t.co/5LaczgJK1X

— FreeDum Fighters (@Freedum_Fighter) October 21, 2024

Central to this project is the $DUM token, an ERC-20 proof-of-stake asset that promises attractive gains. As the narrative develops, the project plans to roll out airdrops and debates, encouraging users to participate in blockchain-based political events.

This approach positions FreeDum Fighters as a potential hit among meme coin enthusiasts ahead of the presidential election.

Stake Your Vote on FreeDUM Today

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