Today, DEGO has risen sharply. There are actually several reasons behind it.
First, DEGO is a project that combines NFT and DeFi, breaking the traditional model and providing users with new ways to play. It is not just a simple token, but also allows users to earn income through mining, staking, NFT trading, etc. Such versatility has attracted the interest of many investors.
Secondly, DEGO may have recently released new features or major cooperation, which has stimulated the bullish sentiment in the market. Project updates and cooperation often bring a wave of heat, and this wave of gains just happened to catch up with the high market sentiment.
In addition, behind today's surge, there may be large or institutional funds entering the market, which has led to a rapid increase in the price of the currency. In this case, retail investors follow suit and the price continues to rise.
In general, DEGO has risen quickly because it has an innovative project background, coupled with the combined effect of many factors such as high market sentiment and large investors entering the market.