Fall of the $DEGO coin by 50% – causes and details

The Dego Finance ($DEGO) coin experienced a sudden drop of approximately 50% on June 4, 2025, causing concern among investors in the cryptocurrency market.

Main causes:

Announcement of support for the USD1 coin: DEGO announced the purchase of the stablecoin USD1 as part of a liquidity campaign on the BNB network. The decision generated controversy and was considered risky, leading investors to sell.

Liquidation of large trading positions: The rapid price movement led to the liquidation of buy positions worth over $650,000, increasing selling pressure and deepening losses.

Concerns about regulation and competition: Smaller decentralized finance projects like DEGO face regulatory challenges and competition from larger projects, weakening confidence in the project.

Current price:

Price: $1.33

Highest price of the day: $2.65

Lowest price: $1.32

Future outlook:

Despite the drop, some analysts expect a gradual recovery if the project improves and expands its uses. There are projections that the price could reach between $3.34 and $5.72 during 2025, provided the market improves and the project stabilizes.

Reliable sources:

crypto.news

Binance Square

Botsfolio

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$DEGO