Yield Guild Games (YGG) is one of the top gainers this month. YGG climbed 350% on the weekly chart as the announcement of the Guild Advancement Program (GAP) Season 4 ignited community euphoria.
But the price action is waning, with YGG losing 33.4% on the daily chart. Industry experts predict a steeper crash for the token over the week.
What led to the YGG surge?
Yield Guild Games (YGGs) is a DAO that makes strategic investments in virtual world non-fungible tokens (NFTs). Its goal is to develop the world’s largest virtual economy by optimizing its assets to maximize utility.
The revenue from the portfolio is shared among YGG holders.
Yield Guild Games is also a prominent player in the crypto gaming industry, where the community can make money by investing in NFTs that are used in Web3 and metaverse gamers.
There are two key factors behind the recent YGG surge. First is the announcement of the Guild Advancement Program (GAP) Season 4. Second is the launch of the YGG/USDT Perpetual Contract.
The periodic gaming event distributes tokens and other rewards to community members who complete specified quests in YGG-affiliated games. A few of the affiliated games include heavyweights like Axie Infinity (AXS), Splinterlands, and Skyweaver. Soon after, Binance announced the listing of a YGG/USDT trading pair for perpetual contracts with up to 20x leverage.
Ever since the news came out, investors had been pouring money into the project, taking it to a twelve-month-high above $0.70.
It’s too late to buy YGG now
Yield Guild Games had its moment this month. But the rally has come to an end. At the time of writing, YGG is selling for $0.33.
The downtrend will continue throughout the week as part of a price correction. Possible support for YGG is $0.25 in the best case. But it can drop to $0.2 if the downtrend sparks widespread panic. If investors use the dip as a chance to get a low entry point into the project, it will rise back to $0.325 over the next two weeks.
All eyes are on Scorpion Casino
Scorpion Casino is widely predicted to be the next crypto to explode in the gaming sector.
The project is centered around sports betting, live betting, casino games, and crash games.
- The sports betting module covers events in football, tennis, American football, horse racing, basketball, golf, boxing, and MMA to name a few.
- There is also a wide range of casino games on offer like slots, blackjack, roulette, poker, live casino, and more. It includes 200+ games from all major game providers.
- 30,000 monthly betting opportunities.
One of the key factors that draw interest and investments to the project is the booming niche. Sports betting and online gambling sectors are fast-growing, especially in Web 3.
Blockchain technology integrates advanced security and transparency into the sector, eliminating manipulations that favor the house.
Despite the large growth potential in online gambling and sports betting, the industry has remained closed to retail investors. The high capital and expertise barriers are to blame.
Scorpion changes this by opening a token presale for retail investors. SCORP is priced at $0.016 now. Although the presale price increases with each stage, it still gives a significantly lower entry point to early investors.
The token is predicted to climb 1500-2000% on its initial exchange listing.
But there are more factors that explain the growing interest in the SCORP presale.
Daily passive income worth up to $10,000 USDT
Depending on the platform’s performance and your investment, you can earn up to $10,000 from Scorpion Casino. It’s passive income, so you don’t have to put any effort into it. The platform does the work for you.
It is important to analyze whether the passive income offering is credible and reliable before pouring your money into it. Crypto projects that offer attractive staking APYs often come crashing down as the rewards cripple the internal economy.
But a careful analysis of the Scorpion Casino tokenomics reveals that the passive income source is robust. A profit-sharing mechanism supports it.
A share of the revenue generated from the games is diverted to the staking rewards pool and a burning mechanism. Both the staking system and the burning mechanism slash the supply of SCORP from the open market, supporting its consistent growth.
In addition, it tempers the token against market volatility.
Journey into Destiny: Where Fortune Finds Refuge in the Embrace of Cards.
— Scorpion Casino (@ScorpionCasino) August 8, 2023
SCORP is a potential 50X investment for early movers
The best way to profit from Scorpion’s upcoming bull run is to secure a low entry point into the project. In other words, presale investors will have significant upside potential in the project.
Presale investments are eligible for staking rewards. The project’s credibility and strong network make SCORP one of the most promising new cryptocurrencies of 2023.
- Scorpion Casino is licensed by the acclaimed Curacao EGaming entity.
- It has partnered with leading gaming providers like Evolution, NetEnt, Play N Go, Novomatic, EGT, and AMATIC to ensure the highest gaming experience.
- It has also partnered with BetRadar and CoinsPaid on the same mission.
- A third-party audit by Solidproof certifies Scorpion Casino’s security.
- The team is KYC verified by Assure DeFi.
Given that the token has yet to launch, SCORP offers a large room for growth when compared to YGG. It has the potential to outperform YGG’s 350% within a week of going live.
Join Scorpion Casino on Telegram to stay updated with the latest news about the presale and the project development.