Name : Degen (DEGEN)

DEGEN Price : $0.003 -2.66%

Consensus Mechanism : ERC-20 Token

Volume: 7,670,968

Market Cap: 44,770,075

Shariah Judgement

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Shariah Status :

Last Screening: Q3 2024

Legitimacy:

Project:

Token:

Reward:

Shariah Status:

Risk Analysis

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Legitimacy

Shariah

People

In-Depth Analysis

1

Legitimacy Analysis

Details Status
Whitepaper
Project
2

Shariah Analysis

Project/Products Use Case Status
Use Case Status
System Status Interpretation
3

People Analysis

Details Status
Team

Trading Signals

Moving Average (Short Term)

Strong

Moving Average (Mid Term)

Strong

Moving Average (Long Term)

Strong

Exponential Moving Average (Short Term)

Strong

Exponential Moving Average (Mid Term)

Strong

Exponential Moving Average (Long Term)

Strong

Bollinger Band

Strong

Williams %R

Strong

Relative Vigor Index

Strong

Money Flow Index

Strong

Chaikin Oscillator

Strong

Aroon

Strong

Klinger Oscillator

Strong

Chande Kroll Stop

Strong

Moving Average Convergence/ Divergence

Neutral

Relative Strength Index

Neutral

Stochastic

Neutral

Parabolic SAR

Neutral

Average Directional Index

Neutral

Ichimoku Cloud

Neutral

Average True Range

Neutral

Commodity Channel Index

Neutral

On-Balance Volume

Neutral

Volume Weighted Average Price

Neutral

Keltner Channel

Neutral

Dochian Channel

Neutral

Choppiness Index

Neutral

Ergodic Oscillator

Neutral

Ease of Movement

Weak

Ultimate Oscillator

Weak

Elder Force Index

Weak

Connors RSI

Weak

Rate of Change

Weak

Chande Momentum Oscillator

Weak

Triple Exponential Average

Weak

Know Sure Thing

Weak

Detrended Price Oscillator

Weak

Moving Average Envelope

Weak

Coppock Curve

Weak

Vortex Indicator

Weak

Schaff Trend Cycle

Weak

Elder Impulse System

Weak

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Pivot Points

Support 2


Support 1


Pivot Point


Resistance 1


Resistance 2


Support & Resistances

Support 2


Support 1


Last Price


Resistance 1


Resistance 2


Overview

Degen is an ERC-20 token that launched in January 2024, aimed at enhancing the Farcaster ecosystem by rewarding Casters with DEGEN for high-quality content contributions. Initially a meme coin, DEGEN has evolved into a significant community token for the Warpcast decentralized social media platform built on Farcaster. The Degen Chain, a Layer 3 blockchain built on Base (an Ethereum Layer 2 solution), supports the Degen ecosystem with low transaction fees and a strong community focus. The chain utilizes the DEGEN token to incentivize participation and development, with 70% of the total token supply allocated to community members.

Whitepaper & Documents

Sharlife uses TradingView technology to present price information through charts. TradingView serves as a charting platform catering to a worldwide community of traders and investors. With robust support across browsers, desktops, and mobile applications, the platform offers exceptional access to real-time data such as Dow Futures and BTC USD Chart, as well as the latest news, financial reports, stock screener, and economic .

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