DEGO (Dego Finance) rose 11.49% in 24 hours.

Gate News Bot news, on October 21, according to CoinMarketCap data, DEGO (Dego Finance) is currently priced at 1.80 USD, rising 11.49% within 24 hours, with a high of 1.81 USD and a low of 0.96 USD. The 24-hour volume reached 20 million USD. The current market capitalization is approximately 37.7 million USD, an increase of 3.88 million USD compared to yesterday.

Important news about DEGO recently:

1️⃣ Liquidity operations trigger severe price fluctuations The price of DEGO has recently experienced significant fluctuations. The project party transferred $1 of liquidity, leading to a sharp decline in the token price, which fell to a low of $0.16. This action triggered a strong reaction in the market, causing substantial price volatility, reflecting that the project may carry a higher risk.

2️⃣ Volume surge reflects increased market attention With the dramatic fluctuations in price, the volume of DEGO has significantly increased. The 24-hour volume on October 15 reached 32 million USD, showing a clear rise compared to before. This data reflects the sustained high interest of investors in the project, while also providing more liquidity for the token.

3️⃣ Market capitalization continues to rise, showing that investor confidence is gradually recovering Despite experiencing significant price fluctuations, DEGO's market capitalization has continued to rise. It increased from $19.5 million on October 13 to $37.7 million on the 21st, showing a continuous upward trend over several days. This indicates that some investors may believe that the current price still holds investment value, driving the ongoing rise in market capitalization.

From a technical perspective, the price of DEGO has rebounded for several consecutive days after a significant decline, showing strong resilience. However, such drastic price fluctuations also reflect the possibility of higher risks associated with the project. Investors should closely monitor the subsequent actions of the project team and the community's reactions, and cautiously assess the investment risks.

This message is not an investment advice, and investors should be aware of market volatility risks.