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Buy Degen (DEGEN)

NZD 0.00

-1.10% past 24 hours

Global Rank

#449

Market Cap (USD)

USD 47.77M

24H Volume (USD)

USD 3.95M

24H Change

-1.10%

24H Price History

Buyers 80.4%

  • Deposit Enabled

  • Withdrawals Enabled

About Degen (DEGEN)

Degen (DEGEN) is a cryptocurrency launched in January 2024 as an ERC-20 token on the Base blockchain. Originally created as a reward token for the Farcaster Degen channel community, it has become a more robust project focusing on utility and community engagement. 

DEGEN is heavily community-driven, offering rewards for interactions such as likes and comments and holding specific non-fungible tokens (NFTs). It operates as the native gas token for the Degen Chain, an Arbitrum Orbit network that settles on Base and uses AnyTrust for data availability.

Unlike most memecoins, DEGEN has various applications, including participation in DeFi activities like staking, governance and liquidity provision. It also holds potential for gaming and metaverse integration, where it can be used as in-game currency or to access premium features. Additionally, the token enhances community engagement within the Farcaster ecosystem, serving as a reward mechanism for active participation.

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Frequently asked questions

The best place to buy Degen is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Degen and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be one of Australia's highest-rated crypto exchanges as per our TrustPilot reviews.

The price of Degen is determined by the forces of supply and demand in the market. Similar to other assets, the price of Degen is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Degen are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

Yes, you can buy Degen and other listed cryptocurrencies directly with a credit or debit card on Swyftx using our Quick Buy menu. The card feature is facilitated by our third-party provider, Stripe, and may incur additional fees.

‘Swyftx’ is a brand of Swyftx Pty Ltd (ABN 72 623 556 730, AFSL 568543). Swyftx’s spot cryptocurrency exchange services are not provided under Swyftx’s AFSL and are not issued, arranged, distributed or authorised by Eightcap Pty Ltd (ABN 73 139 495 944, AFSL 391441) (Eightcap), Web3 Loans Pty Ltd (ABN 48 668 516 952) or Web3 Ventures Pty Ltd trading as Block Earner (ABN 63 655 090 869, ACL 551024) (Block Earner). Derivative products are issued by Eightcap and distributed by Swyftx. Credit products are provided by Block Earner. Swyftx is an authorised credit representative of Block Earner (Credit Representative No 579667). 

The information on this website is general in nature and does not consider your objectives, financial situation or needs. You should consider whether this is suitable for you and your personal circumstances. Any statistics, price references, graphics or information on this page related to the performance of any asset, market or trading account are not indicative of current performance and should not be relied upon when making a decision to invest. This website is not targeted at the public, nor residents, of any specific country and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful. Digital assets are volatile and carry high levels of risk, you may lose some or all of your investment. Derivative products are highly speculative and carry significant risk. Credit products are subject to lending criteria. Before making any decision about whether to acquire a product, you should read the applicable Terms of Service and, where relevant, the PDS, FSG, Credit Guide and TMD available on Swyftx’s website, as well as the respective product issuer’s website (if applicable).