Key Takeaways
- As of 22nd January 2025, the coin is ranked #482 on its market capitalization, estimated to be $67.33 million.
- The token is currently trading at $0.004751 registering an uptrend of almost 8% from the previous day.
- Per market analysts and technical indicators, the DEGEN token is expected to hit a high of $0.027759 by 2029.
Degen is a meme coin and a reward token for Forcaster users launched in January 2024, built on the base blockchain technology, an Ethereum layer-2 solution. As of 22nd January 2025, the coin is ranked #482 on its market capitalization, estimated to be $67.33 million with a total circulation of 14.17 billion tokens.
Here is a brief outlook on the current market performance of the Degen tokens:
- Current Market Price: $0.004751
- Market Capitalization: $67.35 Million
- Fully Diluted Valuation: $175.6 Million
- 24 Hour Trading Volume: $91.84 Million
- 24-Hour VMR Metrics: 132.87%
- Circulating Supply: 14.17 Billion
- Total Supply: 36.96 Billion
This article will explore the investment potential surrounding the Degen meme token and how it will fare in the coming months.
DEGEN Price Prediction
The DEGEN is one of the top-performing meme currencies in the market. It is trading at $0.004751 registering an uptrend of almost 8% from the previous day. The token is currently consolidating below $0.0050 with support at $0.0045 and resistance at $0.0056. For further insights into the future price movements of the DEGEN token, refer to the price prediction tables below.
DEGEN Short-Term Price Prediction
| Date | Prediction | Potential ROI |
|---|---|---|
| Feb 23, 2025 | $0.004509 | -5.39% |
| Feb 24, 2025 | $0.004809 | 0.90% |
| Feb 25, 2025 | $0.005175 | 8.59% |
| Feb 26, 2025 | $0.005583 | 17.15% |
Per the short-term price prediction, even though there will be a dip in the price of the token the next day, the buying pressure will drive the price back up by the 26th of February 2025, indicating a potential ROI of up to 17%.
DEGEN Price Prediction: 2025-30
| Year | Min. Price | Avg. Price | Max. Price | Potential ROI |
|---|---|---|---|---|
| 2025 | $0.004276 | $0.010493 | $0.020406 | 329% |
| 2026 | $0.003558 | $0.007983 | $0.011937 | 150% |
| 2027 | $0.003906 | $0.004461 | $0.005472 | 15% |
| 2028 | $0.004291 | $0.007217 | $0.010013 | 110% |
| 2029 | $0.010415 | $0.01606 | $0.027759 | 483% |
| 2030 | $0.012338 | $0.015035 | $0.017842 | 275% |
Per the above table, the DEGEN token is poised to hit $0.027759 by the end of 2029, indicating a potential ROI of up to 483%.
DEGEN Monthly Price Prediction: 2025
| Month | Min. Price | Avg. Price | Max. Price | Potential ROI |
|---|---|---|---|---|
| Feb 2025 | $0.004276 | $0.008104 | $0.014658 | 208% |
| Mar 2025 | $0.013336 | $0.017003 | $0.020406 | 329% |
| Apr 2025 | $0.010699 | $0.012946 | $0.015797 | 232% |
| May 2025 | $0.014884 | $0.015591 | $0.017364 | 265% |
| Jun 2025 | $0.011782 | $0.014183 | $0.015687 | 230% |
| Jul 2025 | $0.009448 | $0.010906 | $0.012165 | 156% |
| Aug 2025 | $0.010223 | $0.011114 | $0.01199 | 152% |
| Sep 2025 | $0.007325 | $0.008293 | $0.010041 | 111% |
| Oct 2025 | $0.007788 | $0.008478 | $0.009282 | 95% |
| Nov 2025 | $0.007832 | $0.008493 | $0.010441 | 119% |
| Dec 2025 | $0.010338 | $0.0108 | $0.011612 | 144% |
Per the above price prediction table, the DEGEN token is poised for continuous growth throughout 2025, especially during March when it is expected to reach a high of $0.020406.
Where & How To Buy The DEGEN Tokens
Here is a list of prominent exchanges currently listing the DEGEN tokens.
- Uniswap v3
- Coinbase Exchange
- OKX
- Bitget
- KuCoin
- MEXC
- Gate.io
- BingX
- Crypto.com
- Bybit
Step-By-Step Guide To Buy The DEGEN Tokens
- Step 1: Conduct thorough research and choose an exchange well-suited to your needs.
- Step 2: Create an account in that exchange and validate your account through Know Your Customer (KYC) verification.
- Step 3: Fund your exchange wallet through Bank Transfers, P2P transactions, and card transactions.
- Step 4: Browse the exchange for the DEGEN tokens.
- Step 5: Choose a trading pair and specify how many tokens you want to buy.
- Step 6: Verify the provided details and confirm the transaction.
After the exchange validates your transaction, the DEGEN tokens will be deposited to your exchange wallet, which you can later transfer to your personal wallet for added privacy and security.
DEGEN Token Key Highlights & Risk Analysis
The key highlights that make the DEGEN tokens a viable investment are:
- The DEGEN token’s price has gone up by about 480% compared to last year.
- Per last year’s market data, the token has outperformed about 94% of the top 100 crypto assets.
- DEGEN has managed to outperform both Bitcoin and Ethereum and that too by a considerable margin.
- The token has high liquidity based on its market capitalization.
- It is currently trading on prominent exchanges like KuCoin.
Risk Analysis
The risk analysis conducted on the DEGEN token yielded the following results:
- The DEGEN token is currently trading below its 200-day Simple Moving Average.
- The token is currently edging to an overbought scenario and may fall soon.
- DEGEN has only traded the last 10/30 days in green, and that too with price volatility of 27.02%.
- It is currently trading 93% below its all-time high.
Are the DOGEN Tokens A Good Buy Now?
The current market sentiment surrounding the DEGEN token is “bearish” in nature. However, per various market analysts and technical indicators, the coin could rise over 230% and reach a value of $0.014151 by the second half of March 2025. Also, the coin’s Fear & Greed Index has hit only 55 even though it indicates “Greed”.
Based on these forecasts and market data, it is not a good time to invest in the DEGEN meme coin. However, if you’re considering it for the long term, there is still potential to make a profit from it. Even with all this said, it would still be better to conduct your own research before going with an investment decision.
