Yield Guild Games (YGG) Price Prediction: Will the Token Surge Amid Interest in Wall Street Memes?

Yield Guild Video games (YGG) worth has risen greater than 280% within the earlier 5 days, displaying important bullish momentum regardless of the present stall in Bitcoin (BTC).

It’s nonetheless exhibiting 18% good points within the final 24 hours. Nonetheless, the market believes these good points are momentary.

The worth of $YGG has elevated practically 250% prior to now 7 days.

The pockets of Wintermute Buying and selling has deposited a complete of 11.1M $YGG ($6.7M) to exchanges prior to now 4 days and at present holds 2.5M $YGG ($1.5M).https://t.co/iRFNK8c8Fh pic.twitter.com/SyZOldSwNT

— Lookonchain (@lookonchain) August 7, 2023

Yield Guild Video games – New Pump & Dump?

Yield Guild Video games token is speculated as a brand new pump-and-dump GameFi token out there. Some merchants think about the latest surge in worth as a “pump by the insiders.”

Seems to be like gamfi tokens are the brand new rip-off pump favourites.First $Agld and now $YGG, similar market makers too. #StaySAFU 🙏 https://t.co/NqEbFFWPNz pic.twitter.com/u13McNtoWu

— Marius.capital (@AltbriMarius) August 5, 2023

After securing an inventory on Binance Futures on August 5, the coin initially reacted to the constructive improvement.

$YGG gone parabolic after #binancefutures listings!

General open curiosity of $YGG spiked 126% and worth noticed important development.

By no means underestimate the ability of futures listings, particularly #Binance, chances are you’ll get in lot of bother for doing early lengthy/shorts!@YieldGuild pic.twitter.com/kSgDbHCjBn

— Crypto Thanos (@CryptoThannos) August 6, 2023

Nonetheless, the sudden uncommon motion by main whales, depositing their massive holding of YGG tokens into exchanges, raised questions. As increasingly more whales piled in, hypothesis of a pump-and-dump scheme began to rise. Some examples embody a 3.65M YGG deposit into the Binance alternate value about $2.1M.

0x639 aka DWF achieved a staggering $500k to $2M development in simply 25 days with $YGG!

Having acquired their $YGG stack on 07/12 at a mean worth of $0.14, DWF made a pleasant 4x achieve with the present worth at $0.56.

DWF’s portfolio contains numerous tokens, with most of them… pic.twitter.com/DVqzZKDcdS

— Loch (@loch_chain) August 6, 2023

Moreover, Youbi Capital holds an 11.6M YGG token value about $7.11M. Equally, the Sfermion claims $735K value of 1.2M YGG tokens.

📢 Consideration Crypto Merchants:-$YGG is experiencing important promoting stress as buyers proceed to dump the token!

Youbi Capital made a deposit of 1M $YGG ($613K) to #Binance 10 hrs in the past and at present holds 11.6M $YGG ($7.11M).

Sfermion claimed 1.2M $YGG ($735K) and… pic.twitter.com/ZxRy0MGPyB

— Crypto Patel (@CryptoPatel) August 7, 2023

This triggered a contemporary surge in short-selling exercise for the token. Influential gamers are anticipated to dump the coin as soon as a selected worth stage is reached. Such an end result would allow shorters to capitalize alongside.

$ygg has performed the “crywolf” a lot that no one trusts its pump may very well be sustainable, therefore we see so many shorting this rip-off coin. That is irregular; however identical to a puff of smoke, $ygg scamguild coin will take a nose-dive as soon as the insiders determine to name it a day with shorters pic.twitter.com/zjxYU80s5E

— XRP – Ripple is the subsequent Ripple (@ArtofExitScam) August 6, 2023

Nonetheless, this situation pushed the buying and selling quantity of YGG above BTC and pushed the funding charge of the YGG token to a whopping -2.5%.

Quantity greater then $BTC

Funding charge -1,87%

Shorts 81,53% of open positions

Oi at 225Mil so 2,25x MC

Should you do commerce $YGG please use correct danger administration and have a sl 🙏@CryptoNoan is on of the perfect however he cannot prevent from liquidation in the event you do not comply with his guidelines

— InvisibleGains (@Tw12ca1) August 6, 2023

A persistently adverse funding charge for an asset implies a bearish sentiment. This means that merchants anticipate cryptocurrency costs to fall, and a bearish development reversal will seemingly happen.

In keeping with the market, the abrupt surge within the worth of the $YGG coin is attributed to components reminiscent of an airdrop and up to date month-to-month token unlocking. Insiders, who initially acquired the coin at $0.01, appear to have capitalized on these occasions, timing a pump-and-dump technique to revenue from the worth surge. This raises issues concerning the legitimacy of the rise, contemplating the coin’s historical past and techniques used.

The explanation why $ygg rip-off coin pumped out of the blue

1. Airdrop2. Token unlock each month (they’d one just lately and so they figured its about time to pump and dump their tokens that insiders obtained/gathered

*Bear in mind $ygg rip-off was initially $0.01 for insiders@binance pic.twitter.com/o8dSDNcuBU

— XRP – Ripple is the subsequent Ripple (@ArtofExitScam) August 5, 2023

Yield Guild Video games Worth Evaluation

The four-hour chart evaluation of the YGG/USD buying and selling pair signifies a continuation of a bullish development. The worth trajectory follows an ascending trendline (blue), displaying restricted indications of an imminent reversal.

The positioning of the decrease Exponential Transferring Common (EMA) (orange) above the upper EMA (inexperienced) reinforces this development. Furthermore, the Transferring Common Convergence Divergence (MACD) histograms residing above the zero line and the Stochastic Oscillator sustaining motion alongside the overbought line collectively recommend strong bullish development momentum.

The ascending trendline establishes major help. The earlier all-time excessive at $0.5366 might function an preliminary help stage. Ought to this stage be breached, the next help at $0.3181 is activated. Market observers speculate that whales might doubtlessly goal $1.0000 for initiating coin dumping, representing a considerable 60% enhance from the present worth stage. Following this, expectations of a big 83% dump prevail.

On DEXTools, the Yield Guild Video games token boasts a market capitalization of $605.75 million. That is accompanied by a 24-hour buying and selling quantity of $2.82 million. The token’s reliability rating is a powerful 99/99, accompanied by a 78.9% Neighborhood Belief score.

Allow us to take a fast have a look at a promising various coin, WSM, a meme coin that has attracted the eye of main business sleuths.

Various to YGG

WSM is the ticker for the Wall Road Memes ecosystem. It’s disrupting the crypto market with its WSM token sale, amassing over $22.073 million as of August 7. The motion’s genesis stems from the 2021 problem towards Wall Road. It has now materialized into the WSM token presale and Ordinals NFTs on the Bitcoin blockchain. Leveraging a strong group of over 1 million members throughout social media, prospects of an inventory on main crypto exchanges seem promising.

#WSM raised about $22,000,000

Enter presale ( ICO )#wsm #wallstmemes #wallstreetmemes #Dogecoin #SHIB $WSM $CRYPTO $BTC $USDT $XRP @RealCryptoJamie#ETH #Elon_Musk #Etherum #btc @wallstmemes  @elonmusk     Final probability to purchase it from herehttps://t.co/C6uFnj60Uq pic.twitter.com/PoPDtfwalX

— Fares Al-Enany (@IAM_DIEEE) August 7, 2023

The initiative’s dedication to group empowerment is obvious, with 30% of the token provide earmarked for rewards. This consists of potential airdrops. With eyes on the horizon, consultants anticipate WSM’s potential good points upon its alternate itemizing. This renders the presale a compelling alternative for savvy buyers.

Underpinned by strong fundamentals, WSM’s trajectory demonstrates substantial potential for profitable returns. Because the presale progresses and surpasses the $22 million threshold, the affect of a crypto “whale” funding contributes to the mission’s momentum.

PreSale for $WSM going nuts. A whale paid round 457 ETH few days in the past, to this time that is round 1.000.000$, i imply WTF…Thought’s?#PreSale $WSM #wallstreetmemes #crypto #BTC #bullish pic.twitter.com/IQxqw3Ky1t

— Makaveli 💀⭐️ (@Makaveli2938) August 3, 2023

In a riveting transfer, an unnamed investor boldly seized 460 $ETH value of $WSM tokens on August 2, a formidable $840,000 funding. This got here after an earlier dedication of 93 $ETH, catapulting their complete $WSM funding to one million {dollars}.

WSM Presale

This fervent monetary backing powered Wall Road Memes‘ presale past the $20 million mark, inching nearer to its $30 million onerous cap. Anticipation locations this goal for the subsequent few weeks. The aura of thriller surrounding the investor’s identification has sparked intrigue. Now, speculations recommend a possible crypto influencer’s involvement.

Undeniably, this endorsement has solidified $WSM as one among 2023’s most promising crypto ventures. Aspiring contributors can vie for a slice of the motion by becoming a member of the Wall Road Memes Discord channel and finishing partaking social media duties for an opportunity to assert a share of the $50,000 value of $WSM tokens up for grabs.

The present alternative to accumulate $WSM tokens at a mere $0.0331 per token stays engaging for shrewd buyers. Nonetheless, because the presale advances by way of Stage 28 of 30, time is working out for these searching for to dive into the motion earlier than Wall Road Memes makes its grand market debut.

🚨 We’re excited to announce #Wallstreetmemes Airdrop for our group! 🔺

♻️Declare $WSM AirDrop!

📌To assert go to our Official AirDrop Web site:

➡️https://t.co/lXkoUlMyKx pic.twitter.com/9ZhSUVGGpi

— Wall Road Memes (@walIstreetmemes) July 12, 2023

Wall Road Memes’ attract extends even to influential figures like Elon Musk, who has interacted with the mission’s Twitter account.

🤣

— Elon Musk (@elonmusk) April 22, 2023

Bolstered by a strategic roadmap geared toward attaining a $1 billion market cap by way of strategic partnerships and high-profile alternate listings, WSM maintains a proactive strategy to group engagement, additional demonstrated by plans for an unique “gated group.”

As Wall Road Memes positions itself as a formidable contender amongst established meme cash, its distinctive narrative, devoted group, and notable endorsements collectively place it for distinction throughout the dynamic crypto panorama.

Additionally Learn:

Wall Road Memes – Subsequent Massive Crypto

Early Entry Presale Stay Now
Established Neighborhood of Shares & Crypto Merchants
Featured on BeInCrypto, Bitcoinist, Yahoo Finance
Rated Finest Crypto to Purchase Now In Meme Coin Sector
Staff Behind OpenSea NFT Assortment – Wall St Bulls
Tweets Replied to by Elon Musk