🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
Time to prove if you’re a true Gate veteran!
💰 Join the challenge — 5 lucky winners will share $50 in GT!
👉 How to participate:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Comment with your answer
🗓️ Deadline: October 8, 2025, 24:00 (UTC+8)
The "Degen" Phenomenon in Crypto 🌕
Crypto's 2025 landscape has a fascinating character - the "degen." It's short for "degenerate." Funny term. The Web3 crowd uses it with a weird mix of irony and pride 🚀.
What Makes Someone a Degen?
These folks chase high-risk crypto plays. They're gamblers at heart. Big risks, bigger dreams. Some wear the label proudly. Others see it as a warning sign 🔥.
The degen identity has gotten pretty popular lately. Kind of surprising how many embrace it. Look at DENT crypto this month - bouncing between $0.000638 and $0.000842. Perfect playground for these risk-takers.
Gambling Roots 💰
The term comes from old-school gambling. Casino degens would bet recklessly, night after night. Wall Street picked it up for aggressive traders. Now crypto has its own version.
It seems everyone wants a piece of the action now. Newbies, finance pros - they're all drawn to the degen lifestyle. Bitcoin's wild swings are just too tempting.
Two Sides of the Coin ⚔️
Degen trading is dangerous stuff. These people love leverage. Amplifies everything - wins and crashes.
Their methods? Not exactly sophisticated. Chart patterns. Gut feelings. Twitter tips. The fundamental analysis? Barely exists. Fast money in, hopefully faster money out.
The DeFi Degen Scene 👾
DeFi degens are... problematic. Pump and dumps everywhere. They buy tokens, hype them up, then vanish with profits. The forecast for late 2025 looks bullish. More opportunities for mischief.
This hurts real projects. Creates noise around worthless tokens. The name fits - their actions degenerate the ecosystem 📉.
Degens bring energy to crypto, that's true. But their wild gambling instincts? Not entirely helpful for mainstream adoption. As we move through 2025, the community remains split on whether they're helping or hurting 🌍.