{"id":524292,"date":"2024-05-22T13:59:27","date_gmt":"2024-05-22T13:59:27","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=524292"},"modified":"2024-05-22T13:59:27","modified_gmt":"2024-05-22T13:59:27","slug":"is-it-too-late-to-buy-degen-degen-price-soars-19-as-farcaster-raises-150-million-and-this-gamefi-token-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-degen-degen-price-soars-19-as-farcaster-raises-150-million-and-this-gamefi-token-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy DEGEN? Degen Price Soars 19% As Farcaster Raises $150 Million And This GameFi Token Might Be The Next Crypto To Explode"},"content":{"rendered":"

The Degen price is up 19% in the past 24 hours to trade for $0.0234 as of 06:10 a.m. EST on trading volume that surged by 60%.<\/p>\n

Besides the broader market’s current bullishness, the surge in the DEGEN price can be attributed to Farcaster’s $150 million Series A fundraising.<\/p>\n

Farcaster is a decentralized protocol for building web3 social media apps and facilitates the creation of social apps where users enjoy control over their interactions and audience.<\/p>\n

Degen Price Rallies On Farcaster’s $150 Million Series A Funding<\/h2>\n

Advertised as blockchain’s answer to traditional social media, the Farcaster community’s token is Degen (DEGEN). The platform revealed having raised $150 million in its latest Series A funding round.<\/p>\n

Dan Romero, the founder of Farcaster and former Coinbase executive, said in a post on X on Tuesday that the funds will “support our work on Farcaster for many years.”<\/p>\n

\n

Excited to share the news about our recent fundraise! pic.twitter.com\/KJxuPJrtqg<\/a><\/p>\n

— Dan Romero (@dwr) May 21, 2024<\/a><\/p><\/blockquote>\n