Degen started as a memecoin and has since metamorphosed into an important crypto project that boasts a significant developer base, crypto enthusiasts and content creators. Following its initial airdrop to members of the Farcaster’s Degen channel, the project has attracted a large following, hence the need for a Degen price prediction guide.
In this guide, we’ll discuss what the project is and what it can become in the future. We’ll start with Degen price history, move through short, medium and long-term Degen price forecast(s), and cover the factors that affect the price of DEGEN. In the end, we’ll answer all the important questions a potential DEGEN buyer may ask before buying the token.
Degen Price Prediction Summary
- End of 2025: Unlike many new coins, Degen hasn’t gained meaningfully in the current bull market. However, as the bullish trend intensifies in 2025, we expect Degen to start gaining substantially. Based on our analysis, we predict that DEGEN price could reach as high as $0.03174 before the end of 2025.
- End of 2026: Knowing that the market will not remain bullish for 4 years, most analysts suggest that 2026 will mark the beginning of another crypto winter. Depending on how severe the bearish trend becomes and Degen’s ability to keep its community engaged and supportive, the token could reach a high price target of $0.02015 in 2026.
- End of 2027: By 2027, market conditions will likely improve and Degen’s reputation may also improve. As a layer 3 solution, its links to other major blockchains may start yielding positive outcomes this year. Based on these considerations, our DEGEN price forecast suggests that the crypto could be worth as much as $0.05977 before the end of 2027.
- End of 2030: As the crypto market continues to grow, layer 3 blockchains like Degen may become more relevant. The Degen Chain is already attractive and may welcome tens of millions of new users before 2030. Depending on the condition of the wider crypto market and how the Degen ecosystem develops, DEGEN price could be as high as $1.3460 before the end of 2030.
Degen Price Prediction 2025
In 2025, Degen is expected to experience price growth. Though it has moved on from being a regular memecoin, it can still be counted among the next cryptos to explode. The market seems to be very receptive to layer 3 blockchain and Degen is a prime example of an ultra-low-cost layer 3 solution.
Another major reason for a positive Degen price prospect is market sentiment. The wider crypto market is expected to bloom in 2025. This assumption is based on the time-proven fact that the market reached its peak bull season a year after Bitcoin halving. If it turns out as we anticipate, Degen could be among the top new coins that will benefit.
While being optimistic, we need to consider the possibility that Degen may not gain as much as we anticipate. Its price chart clearly shows that growth has stalled after its initial price growth. Yes, the new coin was able to rally to an all-time high value in March when Bitcoin picked momentum. But, it has been unable to repeat this feat in recent months, though Bitcoin continues to perform.
In the anticipated 2025 bull market, top altcoins will likely lead the rally. Degen cannot be considered a top coin at the moment. In fact, it doesn’t even rank among the best memecoins. Its price growth may be slower than what holders will wish for.
So, our Degen price prediction for 2025 suggests that the maximum price could be in the range of $0.03174 per token.
Degen Price Prediction 2026
Degen may experience another major setback in 2026, especially if the market turns out to be as bullish as we anticipate. The intrinsic nature of the crypto market suggests that a bearish trend will occur before the next Bitcoin halving event. Most analysts suggest that 2026 will mark the beginning of a serious crypto winter.
A bearish market condition will affect almost every coin. A project like Degen which has changed its fundamental value within the same year of launch may be one of the most affected. However, if the project can innovate properly, it may survive the coming storm.
For sure, utility and community are some of the key factors that ensure the sustainability of a crypto project. At the same time, some of the most popular memecoins, including Dogecoin, Pepe, Brett, Ponk, Dogs, Popcat and others have gained value even without offering tangible utility. It is ironic, therefore, that Degen, which evolved quickly to focus on utility and community, has failed to bloom after a bright start.
At the moment, there is no way Degen can make the list of the most sensational cryptos. Its performance in 2026, therefore, could be average or even bad.
Based on available information, our Degen price forecast estimates that the highest price the token could reach in 2026 is $0.02015.
DEGEN Price Forecast 2027
Going by how the crypto market works, 2027 could mark the beginning of another bull market. As some of the best cryptos start to recover, Degen may take advantage of the market condition to gain value. There is also a good chance that positive developments within the Degen ecosystem will lead to positive price growth.
Again, while being optimistic, we need to consider how Degen has performed in the current bull market. Though a new coin, Degen has failed to inspire confidence. After its initial price rally, which wasn’t even too spectacular, the token has waned considerably. Of course, this can be attributed to several factors, including the decision by the founder and his team to change the coin from a memecoin to a utility token.
Due to the unpredictable nature of the crypto market, we have to accept the possibility that Degen can become one of the best cryptos other than Bitcoin soon. For this to happen, it will have to attract a sizable loyal community. Since it is already a community-centric token, this is a possibility.
DEGEN’s link to other blockchains, such as Ethereum and Arbitrum, can also play a key role in its future. Eth and ARB holders may consider it a viable product, joining and promoting it. Then, if its use cases become important and helpful, the adoption rate will improve, leading to price growth.
So, Degen price forecast for 2027 suggests that the price could reach $0.05977 before the end of 2027.
Degen Price Prediction 2030
Knowing that the global blockchain market will see massive growth before 2030, we can understand that Degen can gain meaningfully in the long run. The market could surge to over $825.93 billion and layer 3 solutions like Degen will contribute to the growth.
Degen is specifically designed to be efficient and cheap. To achieve ultra-low-cost transactions, it combines Arbitrum Orbit for execution, Base for settlement, and AnyTrust for data availability. This innovative leveraging of other blockchains provides a positive experience that will attract users in the long run. As its popularity grows, DEGEN could become one of the trending cryptos by 2030.
To further understand Degen’s growth potential, we need to consider what it has achieved so far. It has attracted over a million unique addresses and completed tens of millions of transactions. It has also deployed over 10K contracts and launched over 5000 tokens. The growth potential is obvious.
As the years roll by, we’ll likely witness the rise of layer 3 solutions. Degen is one of the first major movers in this direction. The efficiency it offers will become more attractive in the future. Currently, there is a huge opportunity for the Degen token to enhance its utility. This will improve adoption and result in price growth.
Depending on its ability to attract and keep a burgeoning community, Degen will experience substantial growth before 2030. Based on our long-term DEGEN price forecast, the token could be worth up to $ in 2030.
Degen Price Prediction 2040
When Degen started on Farcaster, many never envisioned that it would grow to become a thriving ecosystem. In a matter of months, it has achieved what many projects take years to achieve. Though DEGEN price performance has been uninspiring and short-term growth is projected to be minimal, long-term development can be substantial. DEGEN may become a sustainable crypto.
Looking closely at what Degen offers, we can identify key factors that support long-term growth. The Degen Chain prioritizes community-focused innovation. This is a huge incentive for network participants, and it can help Degen become an exciting crypto project. Degen also supports developers through its infrastructure partner, Syndicate. Its free services encourage developers to experiment and explore.
We shouldn’t also underestimate Degen’s ability to attract new partners in the future and the impact this will have on the entire ecosystem. In a few months, it has entered into several strategic partnerships, which have helped develop its ecosystem. Before 2040, a lot will happen, and this could have a meaningful impact on the price of its token.
Degen can be regarded as one of the most promising cryptos when we consider its potential. But at the moment, our DEGEN price prediction suggests that it could reach a maximum valuation of $4.3275 by 2040.
Potential Highs and Lows of Degen Price
One of the defining characteristics of the cryptocurrency market and blockchain industry is uncertainty. That being said, readers must understand that there is no way to predict with certainty what the price of an asset will be in the future. To help potential DEGEN buyers make informed decisions, we’ll tabularize the potential high and low price points the token may reach in the years we’ve covered:
| Year | Potential High | Potential Low |
| 2025 | $0.03174 | $0.01562 |
| 2026 | $0.02015 | $0.00104 |
| 2027 | $0.05977 | $0.03792 |
| 2030 | $1.3460 | $0.8724 |
| 2040 | $4.3275 | $2.2574 |
Expert Opinions – What Other Analysts Predict for DEGEN Price
While our crypto price predictions are made after extensive research and algorithmic-based analysis, they do not guarantee future performance. It is only fair that we let readers see the opinions of other experts.
In this section of our Degen price prediction guide, we’ll sample the opinions of other analysts offering DEGEN price forecast(s) on other websites:
“Analysts believe DEGEN has a good chance of breaching the level of $0.02599 before the end of 2025. The price estimate to potentially start and roam for DEGEN will range between $0.01449 and $0.02599, with its average likely to stay at $0.02221.”
coincu.com
“By 2026, market analysts and experts predict that DEGEN will start the year at $0.0000830 and trade around $0.0000102.”
digitalcoinprice.com
“The outlook for Degen in 2027 indicates a possible uptrend, with an expected price of $0.020702. This represents a 13.29% increase from the current price.”
coincodex.com
“Our Degen price prediction for 2030 is for a maximum price of $1.02, with an average trading price of $0.35.”
cryptonews.com
“By 2040, our forecast indicates that DEGEN can reach a maximum value of $0.08895, with a potential low price of around $0.02279. This implies DEGEN’s trading range from $0.02279 to $0.08895 in 2040.”
bitscreener.com
What is Degen and What is it Used For?
Degen is simply a layer 3 blockchain that started on Farcaster (an Ethereum layer 2 social network). The project was conceptualized by Jacek Troncinski, who previously worked as a data engineer and architect at Hedgehog Technologies. After leaving his former role in November 22023, he became more active in the Farcaster Degen channel, eventually laying the groundwork for building the Degen Chain.
Initially, Degen started as a memecoin. It didn’t become popular, prompting Troncinski to modify his idea and focus on utility and community engagement. To do that, he launched a points token to encourage interaction within the community, which previously comprised builder personas, mainly. The Degen Chain leverages Arbitrum, Orbit, Base, and AnyTrust.
Following its transition to a community-centric innovation blockchain, Degen is mostly used by developers to create, experiment, and explore new ideas. It is known for its user-friendly features and integrates seamlessly with decentralized finance (DeFi) applications.
Thanks to its ultra-low-cost nature and several other key benefits, Degen has attracted thousands of participants, including developers, content creators, and regular crypto enthusiasts. In the process, the Degan token (DEGEN) has become an attractive crypto asset.
The Degen token
The Degen token is the cryptocurrency that powers the Degen ecosystem. It is an ERC-20 token that trades under the ticker symbol “DEGEN”. Initially, the Degen token was primarily used to reward active participants in the Farcaster Degen channel. It was first regarded as a meme coin but has since transformed into a utility token, with a focus on community engagement.
Right now, the Degen token is used to encourage community engagement and content creation. Just like Blur and UniSwap, DEGEN is earned through community engagement, such as receiving likes and comments, as well as holding certain NFTs. A point in the Degen ecosystem equals 1 Degen token.
Outside its role within the Degen ecosystem, the Degen token is a digital asset. This Degen price prediction guide is based on the fact that this token is volatile and can be traded across major cryptocurrency exchanges for profit-making purposes.
Degen Coin Overview
| Cryptocurrency |
 Degen |
| Ticker Symbol | DEGEN |
| Circulating Supply | 14,179,608,879 DEGEN |
| All-Time High | $0.06459 |
| All-Time Low | $0.01316 |
Degen (DEGEN) Price History
Degen was launched as an ERC-20 token in January 2024. As mentioned in the introductory part of this guide, the project started as a memecoin, airdropping 15% of its token to active participants within the Farcaster Degen channel. Since then, it has evolved meaningfully, resulting in the launch of Degen Chain and the expansion of token utility.
Based on official records, Degen was created by Jacek Troncinski. After experimenting with the idea of a memecoin, his aim changed to the creation of a token that offers robust utility and fosters a supportive community. Also, the goal was to create a token that would be relevant in the decentralized space.
When Coinmarketcap started tracking Degen, the initial price was $0.01639. The coin gained meaningfully within its first few days of trading. Between February and the first week of March 2024, Degen price fluctuated below the $0.01 price point. From the second week of March, it started rising considerably, crossing the $0.02 mark on March 28.
According to Coinmarketcap data, Degen reached its all-time high price of $0.06459 on March 31, 2024. This was short-lived as the token price dropped below the $0.05 price point within two days. By April 14, DEGEN had dropped to around $0.02207 per token. After an initial recovery, the price slump continued, and by May 2, Degen price was $0.0171.
Based on the Degen price chart on Coingecko, the token dropped below the $0.01 price point on June 18. Degen reached its all-time low price of $0.002193 on August 5, 2024. Based on the current price, the token has made a 773.44% recovery from this low point.
Key Points in Degen (DEGEN) price history
- Degen started as a memecoin but has evolved to focus on utility and community engagement.
- Degen was officially launched in January 2024, by Jacek Trocinski
- After its initial airdrop of 15% of the total token supply to active participants of the Farcaster Degen channel, Degen has evolved to include Degen Chain, while improving token utility
- According to the price chart on Coinmarketcap, Degen initial price was $0.01639
- As Bitcoin price soared and altcoins picked up, Degen reached its all-time high price of $0.06459 on March 31, 2024
- Degen has experienced a price slump after reaching its all-time high point
- DEGEN reached its all-time low price of $0.002193 on August 5, 2024; since then, it has made a 773.44% recovery
What Influences the Price of Degen Tokens (DEGEN)?
Many factors can influence Degen price now and in the future. In this section, we’ll briefly discuss the most important factors that can influence Degen price:
Market sentiment
Due to the volatile nature of the crypto market, market sentiment is one of the most important factors to watch when trading any asset. Degen, among other digital assets, responds to market sentiment. It will most likely gain when the market is bullish and experience a price decline when the market becomes bearish. The fact that many traders pay attention to market sentiment and respond accordingly reinforces this trend.
Ecosystem developments and key announcements
In different sections of this Degen price prediction guide, we’ve hinted that Degen is capable of technological advancement. The fact that it transitioned from a memecoin to a utility token in a matter of months is a clear indication of what is possible. With more developments and key announcements like strategic partnerships, the price of DEGEN will trend upward.
Competitions
The crypto space is highly competitive and Degen is playing in a field that will get even more competitive in the future. Becoming one of the best DeFi tokens, for instance, will be very tough. Degen’s ability to compete favourably will have a significant impact on its price, going forward.
Legal and regulatory issues
The crypto sector has been dealing with legal issues for years. We’ve observed that legal and regulatory issues have a significant impact on the prices of assets. In 2023, entities within the industry scored a few key victories against regulatory bodies like the U.S. Securities and Exchange Commission. If Degen faces legal or regulatory issues in the future, its price will be impacted, just as we’ve seen with other assets.
Other Factors
Several other factors can have a meaningful impact on the price of Degen and other digital currencies. Social media activities and hype, for instance, can have significant short-term effects on the prices of assets. Celebrity endorsement, too, can be impactful. Investors’ sentiment, whale activities, community activities, macroeconomic variables, utility, and liquidity are some of the other factors that can meaningfully influence Degen price.
Is Degen a Buy?
Degen has a very humble beginning. It started as an experiment in the Farcaster Degen channel and has metamorphosed into a thriving layer 3 blockchain solution, leveraging Arbitrum, Base, and AnyTrust. The Degen token has also come a long way, transitional from a reward token to a utility and community engagement token.
So, should you buy Degen? There are several factors to consider before deciding to buy or disregard the new token. Going by its price history, Degen does not inspire much confidence. Our price forecasts also suggest that the coin may not gain meaningfully in the next couple of years. However, the crypto market is relatively unpredictable, so, a lot can change in the coming months.
Based on its fundamentals, Degen looks like a good crypto for the future. While it may not rank among the best cryptos to HODl, it has the potential to become a strong force in the future.
If you are looking for the next 100x crypto, Degen may not be your best bet. But if you are looking for a decent crypto with long-term growth potential, this may be one of the assets you should add to your portfolio.
Degen Price Prediction – Conclusion
Degen has had an interesting journey in just under one year. From being one of the newest memecoins to becoming an interesting utility token of a layer 3 blockchain, the token has caught the attention of many. Despite its promising post-launch price rally, the token hasn’t lived up to expectations. However, there is still a good chance that it will become a high-performance asset.
In this guide, we’ve provided a comprehensive Degen price prediction. Remember, our predictions are merely educated estimations of what an asset could be worth. Potential buyers are expected to do their due diligence before making a purchase. At this point, we must reiterate the importance of buying crypto and other investment instruments from reliable sources.
References
-
- https://coinmarketcap.com/currencies/degen-base/
- https://www.coingecko.com/en/coins/degen-base
- https://www.fool.com/terms/c/crypto-winter/
- https://www.fortunebusinessinsights.com/industry-reports/blockchain-market-100072
- https://www.security.org/digital-security/cryptocurrency-annual-consumer-report/
- https://www.mdpi.com/1911-8074/15/11/532
- https://en.wikipedia.org/wiki/Non-fungible_token
- https://www.forbes.com/sites/nicolelapin/2021/12/23/explaining-cryptos-volatility/
FAQs
What was DEGEN’s highest price ever?
At the time of writing, DEGEN’s highest-ever price was $0.06459, recorded on March 31, 2024, per Coinmarketcap data.
Will DEGEN price go up?
Yes, DEGEN price will go up. However, our analysis suggests that price growth will be minimal in the short term.
What will Degen be worth in 2026?
Depending on the condition of the wider crypto market and how Degen responds to market sentiment, it could be worth as much as $0.02015 per token.
What is Degen price forecast for 2027?
Based on our analysis, Degene price forecast for 2027 is $0.05977 per token.
How much will DEGEN be worth in 2030?
If the Degen ecosystem develops as we anticipate, the Degen token (DEGEN) could be worth as much as $1.3460 in 2030.
What is the Degen price forecast for 2040?
According to our Degen price forecast, the token could reach a maximum valuation of $4.3275 before the end of 2040.
Will DEGEN reach $1 soon?
Based on its tokenomics and current price trend, DEGEN is unlikely to reach $1 soon. That being said, we can't rule anything out in the crypto market.
Should I buy Degen now?
Now may be a good time to buy Degen. However, there is no assurance that it will return profit rather than loss.
Is Degen a good investment?
Degen looks like a potential investment for the future. However, our forecast suggests that its price growth will be slow for, at least, the next few years