Yield Guild Games Price Prediction: With YGG's Upward Trajectory, Don't Overlook Potential of Launchpad XYZ Token

Yield Guild Games Price Prediction: With YGG’s Upward Trajectory, Don’t Overlook Potential of Launchpad XYZ Token

Updated: 10 August 2023

Disclosure

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 coin, $YGG, facilitating activities and transactions within the decentralized autonomous organization (DAO), Yield Guild Games, has been tossed into the red pool due to significant whale activities since August 6.

BITKRAFT Ventures deposit 1.57M $YGG($907K) to #Binance via Wintermute Trading and FalconX.https://t.co/AAf2g4ERnO

Whale"0x639B" deposit 2M $YGG($1.16M) to #Binance and still has 2M $YGG($1.16M) left.https://t.co/t8LpKSpiAd pic.twitter.com/O8TCeONJbY

— Lookonchain (@lookonchain) August 6, 2023

Data from Lookonchain revealed two major YGG whales moving their coins to Binance, triggering potential sell-off concerns across the market.

Despite the persistent downtrend on YGG’s price movement, this DAO utility coin boasts an upward trajectory in the coming weeks due to recent achievements.

Yield Guild Moves in Red Amid Overall Bullish Market Trend

Yield Guild’s past price performance has been positive, recording a 133% gain in the last 30 days, 81.6% during the past 14 days, and 70% within a week.

However, as of 5:33 am EST today, August 10, Yield Guild Games (YGG) is down by 7.33% to $0.326. Also, its trading volume has plunged by 22% to $112 million within the same time frame. Despite this negative market situation, YGG has the potential for new bullish sprouts in the coming weeks.

Yield Guild Daily Chart

In the chart above, the four red candle sticks formation shows that YGG has been facing increased selling pressure in the last four days, with the highest red candle attributed to the whale activities of August 7.

YGG’s Relative Strength Index (RSI) reflects this trend, plunging to 58.32. Its movement through the neutral zone shows the balance between buyers and sellers in the last four days.

If buyers increase more than sellers today, the RSI will move upward, suggesting price rallies to the overbought zone (above 70). But if sellers surpass the buyers, the RSI will plunge further to the oversold zone (below 30), suggesting more price dips for YGG.

On the other hand, YGG’s Moving Average Convergence Divergence (MACD) indicator is above the signal line and has green faded histogram bars. This indicator shows that YGG has been bullish, but the bulls are losing momentum.

However, given that the coin’s overall market trend is still bullish as YGG trades above the critical moving averages (Simple Moving Average, SMA), it’s potential for positive market trends is within reach.

With the SMA providing support for YGG at the $0.23 level, traders may decide to enter the market when the coin approaches the level.

YGG’s price could rebound if this prediction occurs, triggering an upward movement on the RSI and stronger bullish momentum on the MACD.

While this coin is projecting a bullish outlook in the coming weeks, investors seeking to diversify their crypto investment portfolios can make the most of this revolutionary web3 hub, Launchpad XYZ.

All-in-One Web3 Hub, Launchpad XYZ, Making Waves – Is Presale Ending Soon?

The token presale for the all-in-one revolutionary platform, Launchpad XYZ, with major web3-related products and services, is nearing its end date.

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— Launchpad.xyz (@launchpadlpx) August 8, 2023

Launchpad XYZ is a platform that unifies and simplifies all about web3 products and services, making it accessible and understandable for all experience-level investors.

It comprises several cutting-edge features like the AI assistant for making informed trading decisions, Trading Edge to learn all about profitable trading, and the Terminal to attract market-driving liquidity providers.

As an all-web3-in-one platform, Launchpad XYZ gives users insight into how the web3 markets operate, how to devise ideal trading frameworks and insights on the next profit-exploding project in the market.

Can the Utility-Infused $LPX Enrich Investors?

Launchpad XYZ features an Alpha section to help its users profit from web3. From understanding the web3 sector and grasping how it works, the Alpha section will help users build reliable trading frameworks to reduce losses when they trade.

#Crypto waits for no one

With #LaunchpadXYZ, you're always in the right place at the right time

Take your chance now! 👉https://t.co/ZUZaIKgy84
#Web3 #Blockchain #CryptoCommunity pic.twitter.com/rFClp1p21p

— Launchpad.xyz (@launchpadlpx) August 9, 2023

Since it’s a crypto-powered project, Launchpad XYZ provides a utility token, $LPX, that facilitates all transactions and activities on the platform.

Launchpad plans to launch an internal decentralized exchange (DEX), which means $LPX holders will trade on the platform’s DEX and exterior centralized exchanges (CEX) in one place.

The presale is almost 80% sold out and has raised over $1.25 million from the $1.5 million initial valuation. While the price is still at $0.0445, interested investors can buy $LPX cheaply and await its listing on several exchanges.

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