Degen

Daily Discussion Thread - /degen - September 29, 2024

Pretty stoked to see degen following the rest of the market recovery. 

Aligns with my belief that degen is a more mature project now that will hold its own against coins with much bigger MCs.

Founder of the /success channel. Search Marketing Director at Kraken Kratom. 

The monthly airdrop did kind of hit at the exact same time as the improvement in market sentiment and DEGEN is still doing well, despite that. 

They have continued to iterate ways to use degen allowances beyond tipping, such as mint.club, degenpad ITO's, and have a bunch of other usecases in the works. 

Farcaster is starting to grow again as well which will only help.

builder, thinker, investor, grumpy optimist | founder @namespace | delegate ens.domains & zksync.io | venting mirror.xyz/thecap.eth | join /digitalidentity

I hate makes you so sure it will hold its own? Price action? It didn’t recover nowhere near as close as some other meme tokens (if we place it into meme category) and no where near as close to other chains (if we place it into the chain category).

I’m looking forward to when degen plays catch up. My 2¢- unless something MAKES it pop off, it will make a slow-ish rise to being closer to May market cap. I really think it’s due for a series of giant green candles but I think it’s going to take an event or series of events to cause that.