After hitting an all-time high of $33 in March 2021, Dego coin is hovering around $2, what does the future hold for Dego finance coin. You’re about to discover this in our Dego coin price prediction.
However, the current CoinMarketCap of ranking of Dego coin is #557, with a live market cap of $19,490,927 USD as of when this article was written. It has a circulating supply of 8,607,383 DEGO coins and a max. supply of 21,000,000 DEGO coins.
Before we dive deep into our Dego finance price prediction, let’s get to know what Dego finance coin is all about.
What Is Dego Finance Coin (DEGO)?
Launched in 2020, Dego Finance is a decentralized ecosystem that offers a diverse combination of the non-fungible token (NFT) and decentralized finance (DeFi) tools. It is an independent, open NFT ecosystem.
Any user is allowed to launch an NFT and initiate mining, auctions, and trading, covering the entire lifecycle of the product. Dego’s NFT protocol is a cross-chain, second-layer infrastructure for Blockchain projects that can be leveraged for user acquisition and token distribution.
Dego uses a modular combination design concept that combines various elements of a product to form subsystems with specific functions.
Dego Coin Price Prediction – Up to $44.51
|Year||Minimum Price||Average Price||Maximum Price|
Dego Coin Price Prediction Analysis
$DEGO As you see here Biggest variation is from Large sales where the inflow is -26k which means the small Buyers are putting in money and Large players are taking it out. Right now This can only be pumped by some whales because most people must have already bought at the top and mid-levels and waiting for it to pump. The real test will be when it shows in the top loser. Since newbies won’t invest it then
According to our current Dego Finance price prediction, the value of Dego Finance will be increased, reaching $2.89 by 31, 2022. All technical indicators indicate that the current sentiment is Bullish, while the Fear & Greed Index is reading 31.94, which means extreme fear. Our Dego Finance forecast, it’s sell Dego Finance right now.
On December 1, 2022, almost all technical analysis indicators signaled bullish signals, while other indicators signaled bearish signals, indicating a general Bullish sentiment among Dego Finance price predictions.
See the exact Dego Finance price prediction above; you will know how much Dego Finance is worth in the coming months and years.
Over the last 30 days, Dego Finance has increased by 24.22%. Due to this, we can get except a slight recovery in the coming month.
By the end of December, the value of Dego Finance increased by 24.85% and reached near around $2.28. Currently, all indicators are indicating a Bullish zone, and the fear & greed index shows 31.94 extreme fears. According to our forecast, this is not the right time to sell Dego Finance.
Currently, Dego Finance is trading below the 200 simple moving average. for the last 326 days, since December 31, 2022, SMA has shown a Dego Finance selling signal.
The price of Dego Finance is currently running below the 50-day simple moving average (SMA) and it shows a BUY signal.
According to all technical indicators, the 200-day SMA will drop soon, and the price will hit $1.74 by the end of December. By December 2023, 2022, Dego Finance’s short-term 50-Day SMA shows a $1.66.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). RSI is currently at RSIValue. This indicates that the DEGO market is in a SELL position.
Is Dego Coin a Good Investment?
Dego Finance is a stand-alone, open NFT ecosystem where anyone can issue NFTs, and initiate mining, auctions, and trading.
The Dego community can propose and elect ambassadors. The top 10 volunteers who receive the highest number of votes are elected as the Dego ambassadors, who then receive a Dego Ambassador Medal NFT, giving them the right to represent Dego at industry events.
DEGO are ERC-20 tokens that are minted via liquidity mining. They serve as the governance and equity token of the Dego ecosystem. Users that hold DEGO can participate in community proposals and voting and receive continuous dividends. DEGO has adopted a fair distribution system with no private placements or pre-mines.
Dego Finance has been audited for security by the blockchain security firm Beosin. The Dego algorithm enjoys the immutability features of blockchain technology and pursues an algorithm-first decentralization principle.