Key Points
- Degen (DEGEN) token surged by 142% today.
- Coinbase added DEGEN to its coin listing roadmap on October 1.
Degen (DEGEN) token recorded a significant price surge today, following an important Coinbase listing announcement. The crypto exchange revealed that it added the token to its coin listing roadmap.
DEGEN Price Surged Significantly
DEGEN saw a surge in its price above $0.01, up by over 142% in the past 24 hours. At the moment of writing this article, DEGEN has a total market cap of over $155 million.
Earlier today, the coin reached a price peak close to $0.012.
Ahead of today’s price surge, the coin has a relatively linear trajectory until September 19, when it started rallying, along with the rest of the crypto market.
During the past 7 days, DEGEN token saw a slight downward price trajectory, and it traded at $0.004 ahead of its rally debuted on October 1, following Coinbase’s announcement.
DEGEN reached its ATH on April 1, 2024, above $0.054. The coin was launched on March 25.
Coinbase Added DEGEN to its Coin Listing Roadmap
In an official announcement shared via X yesterday, Coinbase announced the addition of Degen (DEGEN) to its coin listing roadmap.
Degen (DEGEN) was added to Coinbase’s list of assets on Base network. The DEGEN contract address listed by Coinbase is: 0x4ed4e862860bed51a9570b96d89af5e1b0efefed
The team at Degen also shared the announcement via X, saying that the coin is getting listed on Coinbase Spot trading, becoming the 4th Base token.
The exchange’s announcement also included more assets to its listing roadmap:
- Assets on Ethereum (ERC-20 tokens): QCAD (QCAD), Across Protocol (ACX), and EigenLayer (EIGEN)
- Assets on Solana (SPL tokens): io.net (IO)
What is Degen (DEGEN)?
Degen (DEGEN) started as a reward token for participants in the Farcaster Degen channel. The project began as a meme coin and ended up boasting a vast ecosystem of developers, crypto content creators, and enthusiasts.
