Have you recently asked yourself, “What is an adventure gold coin?” and if it is worth investing? How important is it that as a serious business professional you also consider this available option?
First of all, in recent years, the interest in various currencies has become enormous. There has been increasing competition among the merchants in the global market lately. So it is not surprising where the craze for a coin like an Adventure Gold Coin comes from.
But what does it represent? How is it different from many others today? Let’s find out all the crucial information about him, shall we?
Get all the information about the Adventure Gold Coin.
The adventure gold coin, commonly known as “AGLD”, represents an ERC-20 token established on the dynamic Ethereum Blockchain. The Loot ecosystem community was the one who issued the Token to be able to send it to the NFTs of the Loot project.
According to its official website, Loot is described as a random text-based adventure gear developed and maintained on-chain. So we have a fantastic open collaborative non-fungible tokens project that released and distributed their non-fungible tokens for free.
In other words, the Loot project has its cryptocurrency called Adventure Gold (AGLD), which is also given out for free to Loot NFT owners. Although there is no specific use for AGLD yet, merchants could use it as an in-game currency for the Loot project. Also, it can be used as a governance token for users to vote on the future of the project.
What exactly is an ERC-20 token?
Complete newbies wondering, “What is an adventure gold coin?” They must first know what the ERC-20 token means. So, ERC-20 refers to a technological standard for fungible tokens developed using the Ethereum blockchain. A fungible token cannot be exchanged for another token.
On the other hand, NFTs are not tradeable. Regarding ERC-20, developers can develop tokens enabled by a smart contract that could be used in conjunction with other services and products.
These tokens are not inherently unique, but can be transferred and represent assets, property, access, cryptocurrency, or other items.
The Loot Project Approach
A common approach to NFTs is top-down, where creators generate NFTs and gain collectors as their fanbase grows. However, the Loot project has taken a different bottom-up approach. It has delivered NFTs to collectors, allowing the community to create games, avatars, novels, and other valuable assets from them.
The project’s website describes it as “unfiltered and uncensored building blocks of community-driven stories, experiences, and gameplay.
A Brief History of the Adventure Gold Coin (AGLD)
Adventure Gold was launched on September 2, 2021 by Will Papper, who is also a co-founder of SyndicateDAO, a decentralized investment protocol. After Vitalik Buterin (the founder of Ethereum) endorsed the Loot project, Will wrote the AGLD code in just four hours.
As a result, Loot owners would be able to claim 10,000 AGLD tokens at no charge except the Ethereum gas fee.
How are AGLD tokens generated?
The new tokens are distributed via airdrops directly to Loot NFT owners.
How many AGLD tokens are there?
The total supply of AGLD tokens is 70.2 million.
How to buy AGLD tokens
You can buy AGLD on multiple decentralized and centralized exchanges, including Coinbase.
Why is the Loot project so unique?
Traders eager to find out “What is an Adventure Gold Coin” also want to find out why Project Loot is so unique and special. The main reason is that the project could be more visually appealing and needs a UI or front-end functionalities.
Instead, it consists of eight thousand unique bags of non-expendable tokens that are based on characters. These NFTs feature descriptions of adventuring gear, such as armor, hoods, belts, rings, gloves, and necklaces. Users can claim these bags at no additional cost and unbundle them to reveal their contents.
Enthusiasts should remember that the success of the famous Adventure Gold crypto coin largely depends on the overall performance of the cryptocurrency industry. Like any other investment, investors and traders need to have a well thought out strategy and understand that AGLD is not an ideal investment for those with a low risk tolerance.
However, for those who are financially stable and have a high appetite for risk, Adventure Gold can be an attractive investment opportunity that provides exposure to an ever-expanding ecosystem and innovative technology.
In addition to getting the answer to the question, “What is an Adventure Gold Coin?”, let’s find out all about Adventure Gold price and analysis!
Adventure Gold Price Prediction and Analysis
Based on our experts’ current Adventure Gold price projection, the value of Adventure Gold is expected to rise 3.11% to $0.562246 by February 22, 2023. Our technical indicators indicate market sentiment favorable, while the Fear & Greed index is 61 ( Greed).
Adventure Gold had 16 of 30 (53%) days green and its price was subject to 17.97% volatility in the previous 30 days. Our forecast for Adventure Gold suggests that this is an opportune time to invest in it.
At the time of writing, investors and traders are generally bullish on the future of Adventure Gold, with 25 technical analysis indicators showing bullish signals, while only one indicating bearish signals. This indicates bullish sentiment towards the Adventure Gold price prediction.
How to forecast the future of adventure gold coins?
One method of forecasting the long-term future value of Adventure Gold is to compare it to other significant innovations and technology trends. The table above illustrates Adventure Gold’s projected value by the end of 2024, 2025, and 2026, assuming its growth trajectory emulates that of the Internet, Google, or Facebook during their growth phases.
In an ideal scenario, the price of Adventure Gold is expected to reach $11.07 by 2026 if it grows at a similar rate to Facebook. However, if Adventure Gold’s growth follows the path of the Internet, the projected value by 2026 would be $1,269535.
Adventure Gold Coin Price Correlation
The Adventure Gold price includes a positive correlation of 0.597. There are the top 10 coins by market cap, excluding USDT, and a positive correlation of 0.573 based on the top 100 coins by market cap, excluding all stablecoins.
When two currencies have a positive correlation, their movements tend to be in the same direction. On the other hand, if two currencies are negatively correlated, their movements tend to be in opposite directions. This means that a move in one direction for Adventure Gold could result in a move against it for a negatively correlated currency.
Is adventure gold a good investment or not?
In addition to asking, “What is an adventure gold coin,” people ask, “Is adventure gold a good investment or not?” Considering the large supply and competition in the cryptocurrency market, the Adventure Gold cryptocurrency can be a very interesting and profitable investment.
However, whether or not to invest in Adventure Gold (AGLD) is a decision that ultimately comes down to your risk tolerance. As you can see, the AGLD price has risen by 1.96% in the last 24 hours and has grown by 49.69% in the last 30 days. What matters is whether this investment aligns with your business objectives.
But if we take a closer look at the previous 30 days, Adventure Gold Coin has had 18 out of 30 (60%) days green, indicating a positive trend. Based on our historical data, investing in Adventure Gold is a profitable decision.
However, it is worth noting that the Adventure Gold price has declined by -65.94% in the past year, so investors should carefully consider their investment objectives and risk tolerance before making their final decision.
Why should you consider investing in cryptocurrency?
Generally speaking, investing in cryptocurrencies can generate astronomical returns overnight, but it also carries significant risks. As such, before investing, individuals should carefully consider whether their investment objectives, time horizon, risk tolerance, and liquidity requirements align with the potential rewards and risks of investing in this volatile asset class.
Some of the biggest advantages of investing in cryptocurrencies include the information that cryptocurrencies contain:
- decentralized
- Self managed and governed
- Profitable when it comes to your transaction
- Very private and secure.
- They are protected from inflation.
- They are one of the most profitable investments if chosen wisely.
key takeaways
- Adventure Gold Goin is an ERC-20 token on the Ethereum blockchain issued by the Loot community to send to NFTs from the Loot project.
- Loot is a crowdsourced, text-based adventuring team NFT project developed and maintained on-chain.
- AGLD is the cryptocurrency of the Loot project and has been distributed for free to Loot NFT owners.
- AGLD currently has no specific use, but could be used as an in-game currency for the Loot project.
- AGLD can also function as a governance token, allowing all enthusiasts to vote on the future of the project.
- The Loot project is unique and innovative, providing its users with random adventurer gear NFTs developed and maintained on-chain.
- AGLD is a fascinating aspect of the Loot project that allows users to trade it as an asset, although it doesn’t have a specific use yet.
- The idea of an in-game currency that can be traded like an asset could revolutionize the gaming industry by providing players with a tangible and valuable asset that they can own and trade.
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