$DEGE soars 113% and future prospects

Event:

The $DEGE memecoin has made an impressive leap, showing a 113% increase in 24 hours, and its capitalization has reached $52.9 million. Such a sharp jump has attracted the attention of the crypto community, especially considering that memecoins often depend on trader activity and hype.

Pump review:

The main driver of $DEGE growth is its community, which is actively shilling (promoting) the token on social networks and attracting new investors. Unlike many projects, where the team plays a key role, here it is the community that maintains interest and liquidity. This is a typical scenario for memecoins, where popular love can be stronger than fundamental factors.

$DEGE Team:

According to our analysts, the project team is not very active in supporting the pump. Unlike the community, the developers do not use aggressive marketing or large listings on exchanges. This creates risks: if the community's enthusiasm begins to fade, the token may lose momentum without additional efforts from the creators.

Future analytics:

We believe that $DEGE is likely to experience a correction in the near future after such a sharp growth. However, the further fate of the token depends on two factors:

Will the community be able to maintain interest in the project.

Will the team show initiative - for example, launch new initiatives or partnerships.

If both conditions are met, $DEGE can gain a foothold in the top memecoins. Otherwise, it will undergo a gradual dump.

Conclusion:

$DEGE is a typical example of a memecoin, where success depends on the community. As long as the community is active, the token can grow, but without the support of the team, long-term prospects remain in question. Investors should be careful and take into account the high volatility of such assets. For more information about the coin, you can check out its contract -CPG7gjcjcdZGHE5EJ6LoAL4xqZtNFeWEXXmtkYjAoVaF

We continue to monitor the developments around $DEGE.

This article is not financial advice!