Degen Coin Rallies Over 223% Ahead of Coinbase Listing, Base Blockchain Surge

• Degen coin surged over 223% in 30 days, with smart money holders increasing, hitting the highest level since June.
• The upcoming Coinbase listing on October 15 has fueled Degen’s rally, following a strategic partnership with PancakeSwap.
• Base Blockchain’s DEX volume exceeded $5.69 billion in the last week, boosting Degen’s strong upward trend.

One of Base Blockchain’s meme coins, Degen, has shown an impressive recovery and could be the best-performing cryptocurrency in the last 30 days. It has increased more than 223% in the last 30 days and has grown 335% from the level registered this year, which indicates an upward trend. As the chart of data provided by Nansen shows, it preceded this growth with the increased number of holders of smart money, which reached 67, the maximum number since June 15, and rose from a minimum of 45 in September.

Another Additional Boost for Coinbase After Being Listed

Degen’s rally has been further bolstered by news that the stock will be listed on Coinbase, the largest cryptocurrency exchange in the United States at the end of October 15th. This should lead to more attention towards the token as many alts traditionally have a run-up price movement to the listing on an exchange. The news comes following the signing of a strategic collaboration between Degen’s developers and PancakeSwap, the largest decentralized exchange on BSC. This partnership brought a DEGEN-ETH liquidity pool and boosted the liquidity, and market of Degen.

Major Exchange Listings Propel Degen

In addition to Coinbase, Degen has already been listed on major exchanges such as Gate.io, OKX, Bybit, and HTX. However, most of its trading activity is currently happening on platforms like Uniswap, Aerodrome, and OKX. With its strong performance and Coinbase listing confirmed, many speculate that Degen could soon be listed on Binance, the world’s largest exchange.

Degen’s upward trajectory aligns with the growing decentralized exchange (DEX) volume on Base Blockchain. According to DeFi Llama, the network handled over $5.69 billion in transactions in the past week, ranking it as the third-largest chain behind Ethereum and Solana. This surge in activity has pushed Base ahead of major networks like BNB Chain and Arbitrum, providing a supportive environment for Degen’s growth.

Degen Token’s Technical Outlook

Degen has formed a bullish rounded bottom pattern on its price chart, a technical indicator often signaling further upward movement. The token, which bottomed at $0.0022 in August, has now risen to $0.012, the highest level in over three months. With the price now above the 50-day moving average, analysts predict that Degen could target the next key resistance level at $0.02555, representing a potential 148% increase from its current value.