Bittime – Compared to last week, thecurrentYGG
To make it easier for you to understand YGG price predictions, this article divides them into short-term and long-term predictions.
At the time of writing, YGG's trading volume is 139,011,908 and its price has increased by 121.75% in the last 30 days.
Check out the following explanation of YGG price predictions.
What is Yield Guild Games (YGG)?
Yield Guild Games (YGG) is a decentralized guild that allows gamers around the world to earn income from playing games.
YGG's business model is based on the “ play-to-earn ” concept where players not only play games for fun, but also to make money.
YGG buys and manages digital assets in various blockchain and metaverse games, such as Axie Infinity, Sandbox, Decentraland, and more.
They rent or give access to players from around the world to use these assets, and then share the profits generated from these assets with the players.
YGG has had a significant impact on the gaming industry and DeFi ecosystem . They open the door for millions of players around the world to access additional income through gaming.
In addition, they are also expanding the scope and adoption of DeFi by integrating the "play-to-earn" concept into the ecosystem.
Check Today's Crypto Market:
YGG Price Today
Source: Bittime
The YGG price chart above was taken from Bittime using 3 indicators as a reference, namely RSI, MACD, and Bollinger Bands.
As shown in the graph, today's YGG price is IDR 15,390 with a price decrease of -1.70% in the last 24 hours. This price is not much different from YGG's highest price record in the last 24 hours, namely IDR 16,342.
The prices above will of course experience rapid changes in the future because crypto values are very volatile. That way, you can monitor in real time on Bittime to find out the exact price of YGG.
The explanation of the YGG price chart above is purely for education. This article does not contain any recommendations for purchasing the tokens in question.
Also Read: What is Yield Farming in DeFi?
YGG Price Prediction
The following is an explanation of long-term and short-term YGG price predictions. This explanation also includes the price of YGG in 2024 until the end of the year and in 2025.
YGG Price Prediction 2024
The price of YGG is predicted to reach $2.47 (IDR 38,470) in 2024. Worst case scenario, the price of YGG may fall to $0.8 (IDR 12,459) in 2024. The previous record high for YGG occurred on November 20, 2021 at $11.17 (IDR 173,972).
The total supply of YGG in circulation when this article was written was 306,767,518.88. YGG's market capitalization currently stands at $310,228,617.
Short Term YGG Price Prediction
- According to our analysis, the average price of YGG in May 2024 will be around $1.34.
- YGG's potential highest price in May 2024 is estimated at $1.43.
Long Term YGG Price Prediction
- Based on our analysis, the average price of YGG in September 2024 is predicted to be $1.70.
- YGG's potential highest price in September 2024 is estimated at $1.82.
Here is the Yield Guild Games (YGG) price prediction for 2024, taking into account various factors:
1. Bullish Forecast
Fundamental Analysis:
- The rapid growth in popularity of GameFi and Play-to-Earn (P2E).
- Increase in the number of YGG players and community.
- YGG's expansion into new metaverses and blockchains.
- Launch of new features and products by YGG.
Technical Analysis:
- YGG managed to break the resistance at $2.50, opening the door for further price increases.
- Technical indicators show bullish signals, such as RSI and MACD moving upwards.
- Price Prediction: YGG has the potential to reach $4.00 - $5.00 by the end of 2024.
2. Bearish Forecast
Fundamental Analysis:
- Strict crypto gaming regulations from governments in various countries.
- Tough competition from GameFi and other P2E platforms.
- Declining popularity of GameFi and P2E.
- Bearish overall crypto market performance could put pressure on YGG prices.
Technical Analysis:
- YGG failed to break the resistance at $2.50 and experienced a retracement.
- Technical indicators show bearish signals, such as the Stochastic RSI which is in the overbought zone.
- Price Prediction: YGG has the potential to drop to $1.50 - $2.00 by the end of 2024.
3. Neutral Forecast
Fundamental Analysis:
- Bullish and bearish factors are balanced, with YGG's development offset by regulation and market competition.
- The growth of the YGG community is steady.
- YGG's launch of new features and products is proceeding as planned.
Technical Analysis:
- YGG is moving sideways in the $2.00 - $3.00 range.
- Technical indicators show neutral signals.
- Price Prediction: YGG has the potential to move in the $2.00 - $3.00 range by the end of 2024.
YGG Price Prediction 2025
Ambcrypto calculated that the YGG price prediction in 2025 is $4.32 (IDR 67,376) for the general price, with the lowest price at $3.46 (IDR 53,963), and the highest price at $5.19 (IDR 80,945).
The lower figure shown by Binance is the predicted price of YGG in 2025, namely $1.05 or IDR 16376.
CoinCodex puts the YGG 2025 price prediction at $1.020650 (IDR 15,918) as the lowest price and the highest price is $4.81 (IDR 75,018).
Also Read: Yield Guild Games (YGG) Guide for Beginners
General Factors Affecting YGG Price
The YGG (Yield Guild Games) token price is influenced by various factors, including:
1. Adoption of Blockchain Games
The adoption rate and popularity of blockchain games supported by Yield Guild Games (such as Axie Infinity, Sandbox, etc.) may influence the demand and price of YGG tokens. The more players use gaming platforms powered by YGG, the greater the demand for YGG tokens.
2. Game Performance and Metaverse
The performance and growth of games and metaverses powered by YGG may also influence the price of the token. If the game or metaverse experiences significant growth in the number of users, transactions, or its virtual economy, this could result in an increase in the price of the YGG token.
3. Announcements and Development Plans
Announcements related to new developments, new features, or partnerships involving YGG may trigger an increase in the token price. This includes announcements about integrations with new games, expansion into the wider metaverse, or the development of new products and services within the YGG ecosystem.
4. Cryptocurrency Market Sentiment
Like other crypto assets, the YGG token price is also influenced by overall market sentiment. If the cryptocurrency market is in a bullish trend, where many digital assets experience price increases, then the YGG token price may also follow the trend. Conversely, negative sentiment in the market can put pressure on YGG prices.
5. Community Participation
YGG community activity and participation can also influence the price of the token. The larger and more active the YGG community is, the greater its influence on token demand and price. This includes participation in forums, online discussions, community events, and other promotional efforts.
6. DeFi Ecosystem Development
As a DeFi-related project, developments and trends in the overall DeFi ecosystem may also influence the price of the YGG token. This includes factors such as regulatory policies, DeFi product innovation, market liquidity, and adoption trends by users and investors.
Also Read How to Buy Crypto:
Conclusion
Overall, YGG token prices are influenced by a number of factors that include blockchain gaming adoption, gaming and metaverse performance, announcements and development plans, cryptocurrency market sentiment, community participation, and DeFi ecosystem developments.
Investors need to consider these factors and conduct careful research before making an investment decision in YGG tokens or other crypto assets.
It is important to remember that crypto price predictions are not always accurate and can change at any time. Unexpected factors can influence YGG price movements. Here are some tips for investing in YGG:
- Do fundamental and technical research and analysis before investing.
- Diversify your portfolio by investing in various crypto assets.
- Use a stop-loss strategy to limit the risk of loss.
- Don't invest more than you can afford to lose.
How to Buy Yield Guild Games (YGG) on Bittime
You can buy and sell Yield Guild Games (YGG) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Yield Guild Games (YGG) is available on Bittime with the market pair YGG/IDR . To be able to buy YGG IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Yield Guild Games (YGG) on Bittime .
Monitor price movements of Yield Guild Games (YGG) , Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
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DISCLAIMER : This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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