#CryptoCPIWatch
The price of the meme coin "Degen" rises 77% despite the market decline
Outperformance amidst the drop
Amid a general downturn in the cryptocurrency market, the meme coin "Degen" surged by 77% in 24 hours, surpassing expectations.
Reasons for the rise
This increase is attributed to a strong influx of liquidity from retail traders, alongside broad community support on social platforms, despite the lack of notable technical developments for the project.
Volatility warnings
Analysts warn that this type of rapid increase is often followed by a sharp correction, with unexpected price fluctuations.
#MemeCoins #Degen #Altcoins #Currency_Trading
