Degen

By CoinGecko | Updated on Aug 12, 2021

Shorthand for Degenerate. Degen trading or Degen mode is when a trader does trading without due diligence and research, aping into signals and FOMO into pumps. A Degen Trader does not know about metrics like FDV or TVL nor do they care. They will buy because the asset logo looks cute, or because the slogan is memeable, or because some twit-famous anime girl on the internet says she's looking into crypto and the first two shill comments gets more likes than others. Essentially, a degen trader buys into an asset not because they see value, rather they do so with the belief that others will join in after them and speculate on the price swings.

Related Terms

Soft Fork

A backward-compatible update to a decentralized blockchain protocol.

Bearish

A term used to indicate negative sentiment towards the market or an asset, where investors believe that there will be downward price movement.

Derivatives Market

A market for derivatives which are instruments such as futures or options whose value is derived from an underlying asset.

Cryptography

A discipline or field of study which practices using cryptography to convert human-readable information that can only be deciphered by individuals who have the knowledge to.

Hungry for more knowledge?

Back to Glossary or Subscribe to our newsletter.