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Cryptorank
MainNewsDegen (DEGEN...

Degen (DEGEN) Price Rallies 22% Post Farcaster’s $150M Raise, Is a Breakout Looming?


May, 22, 2024
< 1 min read
by CoinEdition
DEGEN Price Surges 22% Post Farcaster's $150M Raise
  • DEGEN rallies 22% in 24 hours, reaching a 7-day high of $0.02382.
  • Open interest in DEGEN futures jumps 15%, signaling robust market engagement.
  • Farcaster’s $150M raise boosts DEGEN, driving market cap and volume up by 22% and 80%.

Degen’s (DEGEN) price has surged in the past 24 hours after establishing support at the intra-day low of $0.01922. This surge has propelled the DEGEN price to a 7-day high of $0.02382, marking a 22% increase in the last 24 hours and 48% in the last week. Concurrently, DEGEN’s market capitalization and 24-hour trading volume surged by 22% and 80% respectively, reaching $337.77M and $67.42M.

DEGEN/USD 24-hour price chart (source: CoinMarketCap)

Farcaster’s Funding Success and Its Impact on DEGEN

The notable spike in DEGEN’s valuation coincides with the announcement that Farcaster, a blockchain-based social media platform, has successfully raised $150 million in a Series A funding round. 

The round, led by Paradigm and supported by other major firms like Andreessen Horowitz, Haun, USV, Variant, and Standard Crypto, has not only elevated the platform’s financial footing but also significantly boosted the token’s market visi…

The post Degen (DEGEN) Price Rallies 22% Post Farcaster’s $150M Raise, Is a Breakout Looming? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Brett (Based) Price Prediction 2024-2030: Will BRETT Reach $1 Mark Soon?

Brett (Based) Price Prediction 2024-2030: Will BRETT Reach $1 Mark Soon?

Brett (Based) BRETT is a meme token launched on the BASE blockchain, inspired by the ...
Jun, 26, 2024
< 1 min read
by CoinEdition
LayerZero (ZRO) Price Prediction 2024-2030: Will ZRO Price Hit $5 Soon?

LayerZero (ZRO) Price Prediction 2024-2030: Will ZRO Price Hit $5 Soon?

LayerZero is an innovative blockchain protocol designed to enable seamless and secure...
Jun, 25, 2024
< 1 min read
by CoinEdition
MainNewsDegen (DEGEN...

Degen (DEGEN) Price Rallies 22% Post Farcaster’s $150M Raise, Is a Breakout Looming?


May, 22, 2024
< 1 min read
by CoinEdition
DEGEN Price Surges 22% Post Farcaster's $150M Raise
  • DEGEN rallies 22% in 24 hours, reaching a 7-day high of $0.02382.
  • Open interest in DEGEN futures jumps 15%, signaling robust market engagement.
  • Farcaster’s $150M raise boosts DEGEN, driving market cap and volume up by 22% and 80%.

Degen’s (DEGEN) price has surged in the past 24 hours after establishing support at the intra-day low of $0.01922. This surge has propelled the DEGEN price to a 7-day high of $0.02382, marking a 22% increase in the last 24 hours and 48% in the last week. Concurrently, DEGEN’s market capitalization and 24-hour trading volume surged by 22% and 80% respectively, reaching $337.77M and $67.42M.

DEGEN/USD 24-hour price chart (source: CoinMarketCap)

Farcaster’s Funding Success and Its Impact on DEGEN

The notable spike in DEGEN’s valuation coincides with the announcement that Farcaster, a blockchain-based social media platform, has successfully raised $150 million in a Series A funding round. 

The round, led by Paradigm and supported by other major firms like Andreessen Horowitz, Haun, USV, Variant, and Standard Crypto, has not only elevated the platform’s financial footing but also significantly boosted the token’s market visi…

The post Degen (DEGEN) Price Rallies 22% Post Farcaster’s $150M Raise, Is a Breakout Looming? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Brett (Based) Price Prediction 2024-2030: Will BRETT Reach $1 Mark Soon?

Brett (Based) Price Prediction 2024-2030: Will BRETT Reach $1 Mark Soon?

Brett (Based) BRETT is a meme token launched on the BASE blockchain, inspired by the ...
Jun, 26, 2024
< 1 min read
by CoinEdition
LayerZero (ZRO) Price Prediction 2024-2030: Will ZRO Price Hit $5 Soon?

LayerZero (ZRO) Price Prediction 2024-2030: Will ZRO Price Hit $5 Soon?

LayerZero is an innovative blockchain protocol designed to enable seamless and secure...
Jun, 25, 2024
< 1 min read
by CoinEdition