Degen (DEGEN) Price Prediction 2024, 2025, 2030

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Eliman Dambell
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Eliman Dambell was a news writer and editor at Bitcoin.com, FXStreet and Investing.com. He commentates on various markets, including Crypto, Stocks and FX.

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Since launching earlier this year, Degen has made strong gains in the market, climbing by nearly 200% from September to October. This comes after Coinbase added the token to its listing roadmap, leading to an increased level of demand for the reward token. As a result, many now wonder what could be next in terms of its long-term valuation, and future prospects.

This Degen price prediction will dig deep into the founding of this project, looking at both technical and fundamental analysis to build a better picture of what could be coming. We will also spend time looking at the wider marketplace, and see if investors currently have an appetite for $DEGEN.

Degen Price Prediction 2024-2030

  • Our real-time $DEGEN to USD price chart as of November 6, 2024 shows the current DEGEN price as $0.0090.
  • DEGEN reached an all-time high of $0.064 in March 31, 2024
  • DEGEN has increased by +14.95% this month and now has a market cap of $128.97M.
  • Our DEGEN price forecast is that $DEGEN will reach a potential high of $0.015 by the end of this year.
  • We predict $DEGEN will climb to a price of $0.016 by the end of 2025.
  • Our long-term $DEGEN price forecast suggests a potential price of $0.17 by 2030.
Year Average Price Potential Low Potential High
2024 $0.013 $0.010 $0.015
2025 $0.016 $0.012 $0.020
2026 $0.029 $0.017 $0.044
2027 $0.050 $0.024 $0.090
2028 $0.079 $0.031 $0.17
2029 $0.11 $0.038 $0.30
2030 $0.17 $0.047 $0.49

Degen Price Prediction 2024


The $DEGEN outlook for the remainder of the year looks positive, especially following the recent news that the meme coin/reward token has been added to Coinbase’s listing roadmap. Following the announcement that this was set to occur, the price surged by 125% in the past month. The project has built a strong community due to it being the cryptocurrency used by participants of Farcaster to reward one another. Farcaster is a decentralized protocol that is used for establishing connections and creating content on social networks.

Farcaster

In addition to this, as a meme coin, herd mentality plays a significant role in helping to boost valuation. At the time of writing this, over 10 million transactions have been made using $DEGEN, resulting in a market capitalization of $128.97M. There are also nearly 800,000 holders of the token, and as this number increases, decentralized applications (dApps) like Proxyswap accept $DEGEN.

Should these metrics continue to grow in the coming months, our Degen price prediction for 2024 is for a high of $0.015. The following table provides monthly price predictions for the next six months:

MonthPotential LowAverage PricePotential High
December 2024$0.0093$0.0095$0.0097
January 2025$0.0095$0.010$0.010
February 2025$0.0097$0.010$0.011
March 2025$0.010$0.010$0.011
April 2025$0.010$0.011$0.012
May 2025$0.010$0.011$0.013

Degen Price Prediction 2025


As mentioned above herd mentality will play a key role in the potential rise of $DEGEN. Typically, the power of retail traders has a significant impact on crypto valuations, as seen in 2021 during the pandemic boom. Meme coins like Shiba Inu and Dogecoin surged to all-time highs, as traders all flocked together to send prices as high as they could go.

One of the reasons this happened was due to the low interest-rate environment. Following recent rate cuts from the Federal Reserve and other major central banks, it appears that we could be moving back toward this in 2025. This could help boost investor confidence to find and take higher-risk positions as a result of income generated from having funds in banks falling. Additionally, with the cost of lending falling, we could see traders able to access capital more easily than in recent years.

Factoring this in, our Degen price prediction for 2025, we believe the price of Degen could hit $0.016 by the end of the year, which is a 85.50% increase from today’s price.

Degen Price Forecast Long-Term Outlook – 2026-2030 Predictions


Looking forward to the remainder of the decade there will likely be several ups and downs with the $DEGEN token. After being listed on Coinbase, the next step will be for $DEGEN to gain listings on eToro, Binance, and other major crypto exchanges. This will further expand its reach to attract new investors, which will be key to triggering and driving up the price. Additionally, partnerships with different platforms similar to Farcaster will also help add utility.

The main factor behind the lowering of interest rates is the fact that consumer prices have been dropping rapidly. In recent months the Bank of England and Federal Reserve have seen inflation fall towards their coveted 2% target. Should we see this deflationary cycle continue in the next years, it is possible that retail traders may have more disposable income to deploy to the market.

Despite the possibility of growth in the next few years, it must be noted that there is a high potential for a drop in price. As seen with other similar meme-like projects, the lack of utility could eventually reflect in the price valuation slipping. To combat this, the Degen team could explore alternative ways to increase the use cases it targets.

Should the above occur, our Degen price prediction for 2030 is for a maximum price of $0.49, with an average trading price of $0.17.

Here’s our detailed DEGEN price forecast for 2026-2030:

  • 2026: $0.029
  • 2027: $0.050
  • 2028: $0.079
  • 2029: $0.11
  • 2030: $0.17

Potential Highs & Lows of Degen


The above factors will be key to determining how $DEGEN trades over the coming years. However, as these prices depend on a range of macro and micro factors, we have supplied our maximum and minimum price predictions for 2025 to 2030.

Year Average Price Potential Low Potential High
2025 $0.016 $0.012 $0.020
2026 $0.029 $0.017 $0.044
2027 $0.050 $0.024 $0.090
2028 $0.079 $0.031 $0.17
2029 $0.11 $0.038 $0.30
2030 $0.17 $0.047 $0.49

Our Degen Price Prediction Methodology


When it comes to our Degen price forecast, a lot of it has been based on fundamental analysis and research into the company. Due to the limited time $DEGEN has been around, it is hard to use any major technical analysis tools to build a well-rounded view of where this token could be headed. As such, we predominantly focused on looking at major occurrences with Degen, as well as the wider macroeconomic environment.

Starting off, the Coinbase listing was a big part of our analysis, and the immediate impact this has had on the DEGEN market. The price rose by almost 200% in the past month, making us wonder how the market could react if more similar listings were to be announced. Should more exchanges list the token, with a new wave of investors swooping in, it is like that there will be further surges in price.

Inflation chart

Lastly, we took the economic climate into consideration, especially with inflation and interest rates. Both of these factors could help boost investor confidence and appetite for risk, with crypto a likely target for retail traders. A drop in consumer prices and rates could create a situation similar to 2021 when the market had its last bull run.

Degen Price History


Despite only being in existence for less than a year, there have been several marquee moments in the history of $DEGEN. Let’s take a look at some of the main.

  • January 2024: Degen was introduced as a meme-based cryptocurrency, quickly gaining traction among crypto enthusiasts who used it as a reward token on Farcaster.
  • March 2024: The token experienced a sharp rise in price, soaring to a record high of $0.064 in March 31, 2024.
  • August 2024: Degen plunged to a record low of $0.002193 in August, as traders moved to take profits from the past high.
  • October 2024: Coinbase added $DEGEN to its listing roadmap, sending the price to a high of $0.008205.

What Do Other Analysts Predict for Degen Coin?


Besides our own analysis, several other platforms and commentators have also provided their price predictions for the coming years. Here are some predictions from some notable names in the crypto market.

DigitalCoinPrice predicts that the best $DEGEN could hope to reach by 2031 is a maximum value of $0.11.

DigitalCoinPrice

CoinCheckUp is bullish we could see Degen’s price hit $0.0274 by the end of 2025, which is an increase of 198% from the current price of November 6, 2024.

CoinCheckUp

CoinCodex expects $DEGEN to reach $ 0.032814 in 2029, before surging towards $0.066326 by the end of the decade.

CoinCodex

What is Degen?


Designed as the reward token for users of the Farcaster social network, Degen ($DEGEN) was initially created as a channel on the platform, however after rapidly growing, it launched its own crypto. The ERC-20 project introduces a unique tipping system that allows users to reward content creators for producing high-quality content, fostering an engaged and collaborative ecosystem. Unlike many meme tokens, DEGEN serves a functional purpose, empowering its community to incentivize valuable contributions within the platform.

Degen

In March 2024, Degen announced it was launching its own Layer 3 chain (on top of the Base Layer 2 chain), to provide social interactions between dApps. This coincided with the token surging to its record high of $0.064, which then prompted Coinbase to add it to its listing roadmap later on in the year. At present, it has a daily trading volume of $20 million and is a top 300 cryptocurrency. All in all, it has a market capitalization of $128.97M, at a current price of $0.0090.

Coin NameDegen
Degen Price$0.0090
Degen ATH$0.064 (March 31, 2024)
Degen Price Change 24h▲ 12.57%
Degen Price Change 7d▲ 1.17%
Degen Market Cap$128.97M
Circulating Supply14.18B

Is Degen a Buy?


Depending on your risk tolerance, $DEGEN is a buy. Like many meme coins before it, there is an element of volatility not seen in other major projects, which means any investor should tread lightly before considering entering the market. In the short term, there seems to be a growing appetite for the token, especially following its Coinbase listing. This could likely attract investors who believe further all-time highs could be around the corner.

However, on the longer-term side of things, it is unclear how the token could trade, once the current momentum wears off, with investors potentially looking to secure earlier gains and exit positions. Make sure you fully research the project and the wider market dynamics before investing in this or any other cryptocurrency.

Conclusion


Degen has transitioned from being a meme-based coin to somewhat of a utility token as a result of its use on Farcaster. This has enabled it to gain a listing from Coinbase, with more exchanges likely to follow suit and bring $DEGEN to their platform. Despite this recent spark in interest, and price, it is wise to remain diligent when trading Degen.

For those interested in learning more about the best current cryptocurrencies in the market, read our article below which details the top contenders.

Best Cryptocurrencies in 2024

FAQs

What will Degen be worth in 2025?

$DEGEN is expected to be worth between $0.012 and $0.020 by 2025.

What will the Degen price be in 2030?

By 2030, $DEGEN is forecasted to reach between $0.047 and $30.92.

Is Degen a good investment?

Degen could be a good investment due to its growing utility, and meme nature, but it is geared for those with a high-risk tolerance and a speculative mindset.

Can Degen reach $1?

It is highly unlikely that $DEGEN will reach $1.00. A more realistic target is the $0.10 mark.

References

  1. Degen surges following news of Coinbase listing (UnchainedCrypto)
  2. Dogecoin moves to new high above 50 cents (CNBC)
  3. Federal Reserve expected to make more interest rate cuts (Reuters)
  4. US inflation may soon fall below the Fed’s 2% target (Reuters)
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