As Bitcoin $98,658 prices aim for over $66,000, Coinbase has announced the new listing of DEGEN Coin. Following this announcement and bolstered by a positive market sentiment, the price of DEGEN has rapidly increased.
DEGEN Coin Surges
Coinbase recently revealed its plans to list DEGEN Coin tomorrow. The trading pair is expected to be active around this time. Notably, Coinbase may delay listings if the necessary liquidity conditions are not met. Given that BTC prices have risen by 5% daily, this listing news is what altcoins would want to hear right now.
The price of DEGEN has risen to $0.01214 following the announcement, marking a significant increase. However, the resistance level established on October 2 has yet to be breached. If demand continues to rise post-listing tomorrow, it could lead to new price peaks once the resistance is surpassed.
In the event of a potential decline, testing support levels at $0.00920 and $0.00709 is possible. Traders should ensure that transfers are made via the BASE network by tomorrow and verify the token contract address during DEX transactions (to guard against fake tokens). The contract address for Degen (DEGEN) is 0x4ed4e862860bed51a9570b96d89af5e1b0efefed.