Degen

1/2 Here's a little Degen history and hopium for you.

Firstly when charting Degen I like to use the Bybit spot chart as it goes all the way back to March 24 and gives a full picture. If you use a chart from another exchange like Coinbase for example then you will only see the data from when it was listed in that exchange. For Coinbase that was October 24.

Degen came out the gate with a flurry in March 24 and briefly hit a high of 6.5 cents. What followed next was a brutal 97% pullback all the way to 0.02 cents on 5th of August. when it finally made a low. 

Between August and November 24' we saw renewed interest in Degen with new buyers stepping in and the chart saw 5 clear waves higher (study Elliot Waves). Degen peaked on November 15th at 3.6 cents before another brutal 90% pullback hitting a low of 0.003 cents on the 3rd of February 25.