Event:
The $DEGE memecoin has shown an impressive 104% growth in 24 hours, and its capitalization has reached $17.3 million. Such a sharp jump has attracted the attention of the crypto community, especially considering that the project does not have a serious fundamental background and is based solely on hype.
Pump review:
The key fuel for the surge in $DEGE is an active community that promotes the token on social media and creates hype. Twitter (X), Telegram shilling and other communities were determinants. Additionally, newness of the token also had an effect - new memecoins tend to receive short-term pumps due to speculative value.
$DEGE Team:
As our experts indicate, the project team is no different from any other memecoins. Therefore, there is no clear roadmap, serious partnerships or technology innovation that can push the token to grow. The destiny of $DEGE largely lies in the community activity, not developer activity.
Future analytics:
According to our assumptions, $DEGE is likely to experience a correction in the near future, since such pumps are rarely sustainable. After a sharp rise, there is usually a pullback that stabilizes the price. The long-term prospects are unclear - if the community cannot maintain the hype, the token risks losing ground.
Conclusion:
$DEGE is a typical memecoin whose price depends on the hype and activity of the community. Short-term traders can benefit from volatility, but investors should be careful - without fundamentals, the token can quickly deflate. For more information on the token, you can check out its contract - CPG7gjcjcdZGHE5EJ6LoAL4xqZtNFeWEXXmtkYjAoVaF
We continue to monitor developments around $DEGE.
This article is not financial advice!
