The Rise and Dip of Yield Guild Game (YGG) Price
The Yield Guild Game (YGG) price experienced fluctuations in the past 24 hours. Here are the key points:
- The price dipped to $0.320, nearing the support level at $0.325.
- However, the price recovered and surged to $0.345.
- It faced resistance and dropped to $0.332 before increasing again.
- Currently, YGG sits at $0.3353, showing a 2.65% growth in the last 24 hours.
- The market cap is slightly above $89 million, with a 10% drop in volume compared to the previous day.
The YGG 600% Rally and Subsequent Crash
YGG recently witnessed a significant rally and subsequent crash. Here are the details:
- The rally was fueled by the launch of the fourth season of the Guild Advancement Program (GAP).
- Binance’s announcement of a YGG/USDT pair for perpetual contracts with leverage also contributed to the excitement.
- However, reports of the project’s original backers planning to sell their shares caused a price nosedive.
The Future of YGG
Despite the recent crash, there is anticipation for a new rally as the Guild Advancement Program continues. InvestorsObserver has given YGG a neutral rating, indicating a potential shift in its status. The current price stands at $0.32.
Shibie Coin Presale Takes Center Stage
While YGG faces uncertainty, Shibie Coin, a new meme coin combining Barbie and Shiba Inu, has gained attention. Here’s what you need to know:
- Shibie Coin completed its presale, reaching a soft cap of half a million USD within a few days.
- The presale sold 60% of the token supply.
- Launch details for Shibie Coin are expected to be announced soon.
Hot Take
The volatility in the cryptocurrency market is evident through the rise and dip of YGG’s price. While YGG faces challenges, Shibie Coin has captured the spotlight with its successful presale. It will be interesting to see how both projects evolve in the coming weeks.
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