#DeFi Decoded: Bite-sized lessons for financial freedom 📚

Degen

In the context of crypto, "degen" is a slang term that originated from the word "degenerate." It is often used to describe individuals who engage in high-risk and speculative trading or investment strategies within the cryptocurrency market. These traders are typically characterized by their willingness to take extreme risks in pursuit of potentially high returns.

Degens are known for their unconventional and sometimes reckless approach to trading, often making decisions based on hype, FOMO (fear of missing out), or even the cuteness of a project's logo. They are often associated with meme coins, which are cryptocurrencies that gain popularity through internet memes and social media hype, rather than fundamental value or utility.

While some view degens as reckless gamblers, others see them as pioneers driving innovation and pushing the limits of what is possible in the crypto industry. The term "degen" has been adopted by many in the crypto community as a badge of honor, indicating a willingness to take risks and embrace the industry.
$MOONEY #ToTheMoon is inevitable! 🚀🌚
#DeFi