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
Trading Volume
The amount of the cryptocurrency that has been traded in the last 24 hours.
ERC-1155
ERC-1155 token standard allows each token ID to represent both non-fungible (NFTs) and fungible tokens which may have their metadata, token supply and other attributes.
Mnemonics
Mnemonics are memory aids with a system such as letters or associations that help in recall. *see Mnemonic Phrase.
Mainnet
It is the main network of Bitcoin, where the transactions of this cryptocurrency are registered and take place.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.
