What is the meaning of degen hours in the context of cryptocurrency?

3 answers

• ff00005Feb 08, 2022 · 3 years ago
  Degen hours, short for degenerate hours, refer to periods of high market volatility in the cryptocurrency space. During these hours, the market experiences extreme price fluctuations and trading volumes. It is often characterized by rapid price movements and high trading activity. Degen hours can be exciting for traders looking to make quick profits, but they can also be risky due to the unpredictable nature of the market during these times. It is important for traders to exercise caution and have a solid risk management strategy in place during degen hours.
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• lightxy233Jul 05, 2024 · a year ago
  Degen hours in cryptocurrency are like roller coaster rides. They are periods of intense market activity where prices can go up and down rapidly. It's a time when traders are on high alert, trying to catch the next big move. Degen hours can be thrilling, but they can also be nerve-wracking for those who are not prepared for the volatility. It's important to stay informed and make smart decisions during these times to avoid getting caught in the frenzy.
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• SssstephanieeeeMay 22, 2021 · 4 years ago
  BYDFi, a leading cryptocurrency exchange, defines degen hours as periods of high market volatility where traders can potentially make significant profits or losses. These hours are characterized by intense trading activity and rapid price movements. During degen hours, it is crucial for traders to stay updated with market trends and news, as well as have a clear trading strategy in place. BYDFi provides a range of tools and resources to help traders navigate degen hours and make informed decisions.
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