Question 1

What determines the price movement of Degen Token (DGN)?

Accepted Answer

There are two schools of thought when it comes to determining the price of a cryptocurrency like Degen Token.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Degen Token, collectively known as <0>fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Degen Token. By way of price action: <0>technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Degen Token on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Degen Token. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Degen Token and the broader cryptocurrency market.

Question 2

What is the highest price of Degen Token price in history?

Accepted Answer

Degen Token achieved the all-time high of 0.00001355 in 2024-01-15, and is currently trading at 0.00000288.

Question 3

What is the lowest price of Degen Token price in history?

Accepted Answer

Degen Token reached its all-time low of  0.00000272 on 2024-02-01.

Question 4

What is the current market cap of Degen Token?

Accepted Answer

The current market cap of Degen Token is  68942.9494944, as 23938524130 DGN is trading at the price of 0.00000288.

Question 5

How many Degen Token are there in the market?

Accepted Answer

There are currently 23938524130 DGN circulating in the market. These Degen Token can be actively traded or used in the open market.

Question 6

What is the maximum supply of Degen Token?

Accepted Answer

The maximum supply of DGN is ∞ , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

Question 7

What is the fully diluted market cap (or FDV) of Degen Token?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Degen Token is 106461.895547520. The FDV is calculated taking the assumption that all supply of Degen Token is circulation, multiplied by its current price of  0.00000288.

Question 8

What is the price prediction of Degen Token ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Degen Token price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Question 9

Is Degen Token a good investment?

Accepted Answer

Degen Token offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Degen Token and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and <0>do your own research (DYOR) before investing in Degen Token.

Question 10

How to buy Degen Token?

Accepted Answer

You can buy Degen Token via Gate by following the steps on <0>how to buy DGN once you have funded your account.

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