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    Cryptocurrencies Degen Protocol
    USD
    $5.73712 $ 5.73712
    +¥5204,24 0.5% 1D
    1D 1M 1Y ALL
    Updated:
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    Market Cap (USD)
    --
    24H Volume
    501.01
    Circulating Supply
    --
    Max Supply
    1000K SH33P
    All Time High
    21.64
    Rank
    --

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    • About Degen Protocol (SH33P)

      The 24 hour trading volume of Degen Protocol is $501.07. The all-time high price of Degen Protocol is $21.64 on Nov 04, 2022 (26 days). The all-time low price of Degen Protocol is $2.23 on Jun 15, 2022 (6 months). The VERSE token is issued by Bitcoin.com as the utility token for its decentralized application and cryptocurrency media ecosystem.
      Expand

    Degen Protocol FAQs

    • 1. What determines the price of Degen Protocol?
      There are two schools of thought in determining the price of Degen Protocol.

      By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Degen Protocol, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Degen Protocol from a long term perspective.

      By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Degen Protocol on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Degen Protocol as well.

      HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Degen Protocol and the cryptocurrency market as a whole.
    • 2. What is the highest price of Degen Protocol in history?
      Degen Protocol achieved the all-time high of $21.64 in 2022-01-17, and is currently trading at $5.74.
    • 3. What is the lowest price of Degen Protocol in history?
      In 2022-06-15, Degen Protocol reached the all-time low of $2.23.
    • 4. Should I buy Degen Protocol now?
      It is important to remember that Degen Protocol, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.

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