Yield Guild Games Price Forecast: Is YGG Set for 85% Upswing?

Updated: 14 August 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Yield Guild Game price started rising earlier today, with the start of the new week.

Late on Sunday, the price dipped to $0.320, threatening to break the support level at $0.325. However, in the early hours of Monday, a recovery took place.

The price did not only bounce back to $0.325 but surged to $0.345. It did not stay at this height for long, as the resistance rejected it.

However, the dip only lowered YGG’s price to $0.332 before it increased again. At the time of writing, the token sits at $0.3353, seeing a total of 2.65% growth in the last 24 hours.

Its market cap is slightly above $89 million, while its volume in the last 24h is $59.9 million. This figure represents a 10% drop from yesterday, according to data.

Like Bitcoin, the token has seen remarkable stability in the last several months. The most significant price change recently happened on August 3, when the price shot up, going from $0.1743 to $0.92.

The surge lasted several days, but the following price drop was over in only a few hours. YGG value dropped from $0.77 to $0.33, only to trade sideways for the next week.

The YGG 600% rally

As the massive rally excited YGG holders and fans, the following crash brought panic.

The initial rally came for several reasons. First, the project revealed the fourth season of the Guild Advancement Program (GAP) on August 3.

WE ARE LIVE! 🚨⚔️

GAP Season 4 is now officialy launched!🔥Calling on all our community members to go and check out what lies ahead for this run!🏁

Read the full article below!👇https://t.co/2PQ0fiJEaU pic.twitter.com/9yj82ORKvm

— Yield Guild Games (@YieldGuild) August 3, 2023

This recurring gaming event awards community members who complete specific quests. The event will last until September 27.

Another reason for the excitement was Binance’s announcement that it would introduce a YGG/USDT pair for perpetual contracts with up to 20x leverage.

However, after reports suggested that the project’s original backers, VC firms, intend to sell their shares on Binance, the price took a nosedive.

DWF Labs deposited the last 3.65M $YGG ($2.1M) to #Binance 1 hour ago.

DWF Labs received a total of 29.13M $YGG ($16M) from Yield Guild Games Treasury in the past year and transferred all of $YGG to exchanges.https://t.co/ChF6p9L6sS pic.twitter.com/zV3dXb37P4

— Lookonchain (@lookonchain) August 6, 2023

After the price crash, the token seemingly stabilized. After reviewing it, InvestorsObserver gave it a neutral rating on August 9. At this point, the price has been at $0.32.

However, the project’s status is shifting again, as many expect a new rally to start potentially taking YGG back up as the popular event continues attracting attention.

Shibie presale steals the spotlight.

While Yield Guild Games might be in a delicate state right now, the same cannot be said about the new meme coin, Shibie (SHIBIE).

The project emerged recently following the successful release of the Barbie movie. Shibie combines Barbie and Shiba Inu, a popular dog breed that became the mascot of the meme coin sector.

The project completed its presale in only a few days, reaching a soft cap of half a million USD by August 13, despite each token being sold for $0.000167.

With the presale complete, the project’s team announced that the community should be on the lookout for launch details.

🎉 The Shibie presale is officially SOLD OUT! Thank you to everyone who participated. Stay tuned for launch details, exciting things are on the way! 🚀 #shibie #crypto #launch 🐾💋 pic.twitter.com/HA59dPWgSn

— Shibie Coin | Live (@ShibieCoin) August 13, 2023

The presale itself sold 60% of the project’s token supply. As for Shibie, the new leading dog token “took to the spa for the day” after all the excitement surrounding the sale.

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