DEGEN Crypto Pumps +50% As Analysts Target $0.01 Breakout

In This Article

DEGEN Crypto Price Analysis: DEGEN Eyes Key Breakout Levels
Best Wallet: The All-in-One Crypto Super App for Degens and Everyday Users Alike
All Your Wallets, One Unified Experience - Trade Smarter with Advanced Tools
The Verdict: Is Best Wallet the Next Big Thing in Crypto?

DEGEN crypto saw a huge breakout yesterday, printing a 120% candle. While the price is down today, it remains up over 70% at $0.00677. Over the past week, DEGEN has surged 150%, reaching a high of $0.0088. This sudden momentum has reignited interest in the once-popular meme coin, now operating as a Layer 3 solution on the Base chain.

Launched initially as a meme token in the Farcaster community, DEGEN evolved into a broader ecosystem player with support from Coinbase. At its peak, it reached a market cap of $800 million.

But in recent months, DEGEN’s market cap dropped to as low as $50 million, losing much of its early hype. The token has rebounded to a $96 million market cap, making it one of the top memecoin gainers on Base alongside TOSHI.

DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025

$DEGEN (request): The chart is likely unfolding as a diagonal pattern, though it's important to note that diagonals are generally less reliable. A breakout above the descending trendline could trigger a move toward the 100% Fibonacci extension level in wave-c, which should unfold… pic.twitter.com/IyT0U7jEKv

— Man of Bitcoin (@Manofbitcoin) May 12, 2025

DEGEN Crypto Price Analysis: DEGEN Eyes Key Breakout Levels

(DEGENUSDT)

Looking at the daily chart for DEGEN, the token has broken out from a long period of consolidation and recently surged past the $0.0057 resistance zone.

This move came with strong momentum, pushing price briefly above the 200-day simple moving average (SMA), currently sitting near $0.0086. However, DEGEN has since pulled back slightly and is trading below this level.

The next major resistance to watch is around $0.0091, a zone that previously acted as support in late 2024 before the steep downtrend. A successful close above this level could open the door for a retest of the $0.0143 region, which is tied to past local highs and psychological resistance.

On the downside, the key support is now $0.0057, which DEGEN broke out from. If bulls fail to hold current levels, a retest of this support could occur.

Below that, the next demand zone is near $0.0026, the base of the recent rally. Despite DEGEN’s strong price movement, its trading volume dipped by 6.6% in the last 24 hours, suggesting some caution among traders.

The current setup suggests bullish momentum is building, but the recent rejection at the 200-day SMA hints that the uptrend may need more consolidation before pushing higher. If DEGEN can reclaim the 200-day moving average and flip it into support, the $0.01 breakout becomes more realistic.

With the Base ecosystem heating up and Coinbase set to join the S&P 500 this month, DEGEN’s renewed price action could be part of a larger revival narrative for the chain. Whether it can break the key $0.01 mark remains to be seen but momentum appears to be building.

DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now

Best Wallet: The All-in-One Crypto Super App for Degens and Everyday Users Alike

As the crypto landscape grows more complex, Best Wallet emerges as a much-needed breath of fresh air—an all-in-one, non-custodial crypto wallet built with simplicity, power, and security in mind. With over $12 million already raised in its $BEST token presale, Best Wallet is shaping to be the next essential app for traders, degens, and everyday crypto users.

What is Best Wallet? It’s a fully integrated, feature-rich ecosystem that lets users buy, sell, swap, and manage crypto across Ethereum, Bitcoin, BNB Smart Chain, Polygon, Solana, Base, and Ton. In total, over 60 chains are supported. There’s no KYC required, and thanks to Fireblocks’ MPC security tech, there are no seed phrases either. Users log in with their Apple, Google, or email accounts, giving them secure access to their assets while staying fully in control.

All Your Wallets, One Unified Experience – Trade Smarter with Advanced Tools

Whether you’re managing one wallet or twenty, Best Wallet’s multi-chain functionality lets you view your entire crypto portfolio in one place. The intuitive UI allows users to switch between wallets with a swipe, customize wallet names and colors, and instantly view total holdings. For veterans and newcomers alike, it’s a wallet that simplifies crypto, not makes it more challenging.

Best Wallet is quickly becoming the go-to app for presale hunters. Its Upcoming Tokens feature showcases featured presale opportunities directly in the app, complete with tokenomics, roadmaps, social metrics, and launch timelines. Users can buy presale tokens using crypto or fiat without connecting third-party wallets, track token performance and claim updates all in-app.

At its core, Best Wallet is a powerful DEX and bridge aggregator. Users get access to the best rates and lowest fees across 90+ chains, 330+ DEXs, and 30+ bridges—all without bouncing between apps or tabs. Onramping and offramping are also seamless, thanks to integrations with 20+ fiat providers including Stripe, Topper, and Revolut.

One of Best Wallet’s standout features is its use of Fireblocks MPC security. This cutting-edge tech replaces seed phrases with secure cloud backup and multi-party computation, giving users top-tier security with a login experience that feels like using a modern fintech app.

Biometrics, 2FA, wallet hiding, and customizable auto-lock timers all add extra layers of protection. And with no KYC required, you stay anonymous and in control from day one.

Holders of the $BEST token enjoy exclusive benefits including:

Early Access to new presales and projects
Reduced transaction fees across the Best Wallet ecosystem
Higher staking APYs on integrated platforms
Community governance, giving users a say in product direction

The Verdict: Is Best Wallet the Next Big Thing in Crypto?

With features rivaling MetaMask, Trust Wallet, and Bitget, but offering a smoother user experience and stronger presale tools, Best Wallet is quickly carving out its own niche. Its upcoming debit card (Best Card) promises to let users spend crypto anywhere, with up to 8% cashback, pushing Web3 utility even further into the real world.

If you’re tired of juggling wallets, bridges, and apps just to manage your crypto, Best Wallet is the one app you need. And if you’re a presale degen looking for an edge, you may have just found your new home.

Visit BEST Here

DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in May 2025

Key Takeaways

Massive Price Rally: DEGEN crypto exploded 150% weekly, briefly crossing the 200-day SMA and reclaiming investor attention after a long downtrend.
Layer 3 Narrative: Transitioning from meme coin to Layer 3 protocol on Base, DEGEN is evolving beyond its Farcaster roots.
DEGEN crypto saw a huge breakout yesterday, printing a 120% candle. Bullish continuation hinges on holding $0.0057 and flipping $0.0086–$0.0091 into support to target $0.01+.
Best Wallet is redefining the crypto wallet experience with an all-in-one, non-custodial app offering presale access, cross-chain swaps, portfolio tracking, and top-tier security.

#Presales

Why you can trust 99Bitcoins

10+ Years

Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.

90hr+

Weekly Research

100k+

Monthly readers

50+

Expert contributors

2000+

Crypto Projects Reviewed

Follow 99Bitcoins on your Google News Feed

Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!

Subscribe now

Fatima

Crypto Journalist

Fatima is a rising crypto journalist with a sharp eye for hidden gems and technical analysis. When she's not charting the next big breakout or diving into onchain data, a firm believer that alpha is where you least expect it,... Read More

Read Fatima Articles

In This Article