Binance launched DEGEN contract, which soared 50% in a short time. Is the frenzy starting?
A move by Binance has ignited the market again! With the news of the launch of DEGEN contract, on-chain data showed that DEGEN soared nearly 50% in a short time, triggering a frenzy of chasing the rise. This rookie Meme coin is telling the market with reality: as long as the news is strong enough, the increase will dare to turn the sky!
But don't let FOMO go to your head! DEGEN's rapid rise is often accompanied by high risks and high volatility. In the emotional Meme coin market, "get on the bus first, then wait and see" is the standard for speculators, but can you withstand the impact of the decline?
Behind the short-term rise stimulated by the news, we must pay more attention to liquidity changes and the inflow and outflow of potential arbitrage funds. The market has gone crazy, but rational investors must not "invest crazily". Next, should we chase high or wait for the market to calm down? How do you judge the continuity of this wave of market?
Is DEGEN worth fighting? The answer is in the details. Pay attention to Uncle Qian, seize the opportunity together and avoid the pit!
