Degen

Daily Discussion Thread - /degen - September 29, 2024

Pretty stoked to see degen following the rest of the market recovery. 

Aligns with my belief that degen is a more mature project now that will hold its own against coins with much bigger MCs.

The monthly airdrop did kind of hit at the exact same time as the improvement in market sentiment and DEGEN is still doing well, despite that. 

They have continued to iterate ways to use degen allowances beyond tipping, such as mint.club, degenpad ITO's, and have a bunch of other usecases in the works. 

Farcaster is starting to grow again as well which will only help.

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Interesting. Thanks for sharing. Fwiw, I never doubted there will be some kind of developer activity and I’m not doubting their dev expertize. I would expect that to happen, building, innovation, creativity in development, it’s their bread and butter. But being a good developer and running a successful project are very different things. And I’m not seeing (or can’t find) any reliable information that will strengthen my conviction in Degen’s 1) ecosystem builders community (devs, apps, incentives, grants, hackathons, any plans or roadmap or anything), 2) community of creators (memers, competitions, incentives for them etc.), 3) community of holders and 4) token price. Im also interested in some basic GTM strategy, marketing, Twitter expansion as the untapped market etc. Just asking questions. Possible would like to get involved if necessary.

I hate makes you so sure it will hold its own? Price action? It didn’t recover nowhere near as close as some other meme tokens (if we place it into meme category) and no where near as close to other chains (if we place it into the chain category).

I’m looking forward to when degen plays catch up. My 2¢- unless something MAKES it pop off, it will make a slow-ish rise to being closer to May market cap. I really think it’s due for a series of giant green candles but I think it’s going to take an event or series of events to cause that.