{"id":427657,"date":"2023-08-08T11:07:35","date_gmt":"2023-08-08T11:07:35","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=427657"},"modified":"2023-08-08T11:07:35","modified_gmt":"2023-08-08T11:07:35","slug":"yield-guild-games-price-prediction-this-newly-minted-coins-predictive-power-could-unravel-yggs-future","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/yield-guild-games-price-prediction-this-newly-minted-coins-predictive-power-could-unravel-yggs-future","title":{"rendered":"Yield Guild Games Price Prediction: This Newly Minted Coin’s Predictive Power Could Unravel YGG\u2019s Future"},"content":{"rendered":"

The Yield Guild Games (YGG) price has displayed an impressive rally, soaring 480% in under a week from $0.1728 to the coveted $1.0 mark before plummeting, as shown on the daily chart below. On August 7, YGG is trading at $0.3554, down 35% over the last 24 hours. <\/span><\/p>\n

The YGG price has since retraced from the $1.0 observed on Monday, as the token trades more than 64% below this peak. The recent rapid increase and subsequent volatility have led to a significant surge in trading volumes. <\/span><\/p>\n

Its 24-hour trading volume currently stands at $822 million, having increased by 75% on the day. This reinforces the high transaction activity associated with the Yield Guild Games token<\/a> at the moment.<\/span><\/p>\n

This increase in transaction activity comes amidst reports indicating that venture capital (VC) firms that initially supported the project are now stepping back, purportedly engaging in token sales, primarily on the Binance and KuCoin platforms.<\/span><\/p>\n

According to data from LookOnChain, two whales deposited 3.577 million YGG worth $2.06 million on Binance, the world’s largest cryptocurrency exchange by trading volume. <\/span><\/p>\n

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

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

— Lookonchain (@lookonchain) August 6, 2023<\/a><\/p><\/blockquote>\n