Greed is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms – greed for life, for money, for love, knowledge – has marked the upward surge of mankind.
Those are the words of Gordon Gecko and they’re also emblazoned on GREED crypto’s website, which is one of the few tokens that has been soaring amidst the backdrop of the December 4 crypto crash.
WHAT IS GREED CRYPTO?
Greed, outside of being good – is a truly interesting project.
GREED is a burgeoning metaverse concept with an ecosystem that includes a crypto music label set to be hosted on Cardano and Binance, a cross-platform decentralized exchange and a customized NFT marketplace, a metaverse build in Decentraland – which will include NFT wearables, driveables and keys, a defi developer launch pad, staking rewards and the potential for passive income via Baby Doge Inu and BNB.
Perhaps the most interesting part of the ecosystem is the musical tie in. The label is linked to Cool and Dre – grammy award winning producers who have a long form partnership with Lil Wayne, Jay-Z and other major artists. As part of this music tie in, GREED’s ecosystem will offer n ever before heard version of chart toppers as collectible NFTs, the ability to watch live streams of artists in recording sessions if you hold a certain amount of GREED and the ability to watch live metaverse concerts – similar to the notion of Ariana Grande performing in Fortnite.
Let us now breakdown the tokenomics.
GREED token is the native token for the GREED platform. Each transaction of Greed incurs a 15 per cent tax; 8% of a transaction is redistributed in Binance Coin (BNB) rewards to holders, 2% is sent to the marketing budget, 3% to the liquidity pool to help facilitate transactions and a further 2% is automatically bought back.
There is also a connection with BABY DOGE INU – which is a meme affiliate of the GREED platform and is connected to Peter Parente – who acts as the creator of both Greed and Baby Doge Inu.
GREED performance & price prediction
Greed is one of the few tokens to have grown during the recent bearish trend that took hold on December 4.
As of December 6, its 24-hour trading volume has exploded – breaching four million and rising by more than 200%. It has now entered the top 3,000 cryptos, according to CoinMarketCap.
After announcing its metaverse connection with Decentraland on October 28, it reached its all time high on October 29 of 4.4 cents. The all-time low coincided with the December 4 crash, dropping down to less than .8 cents. It has shown strong recovery since reaching more than 1 cent at the time of writing, indicating strong fundamentals.
Another reason for the rise is in the name itself. Search results relating to the fear and greed index have surged over the past week and this has in turn led many to stumble across the token and subsequently view it as a potential hidden gem.
As for the price prediction?
Well, it’s an enticing project that is incredibly ambitious – the roadmap suggests as much, if even half of what is being promised pans out then we could see a major boost on the horizon.
With the current market trend, it is very difficult to make any solid short-term projections. However, it’s likely the 1 cent value will hold till the end of the year.
The trend may change if parts of the metaverse are rolled out and this token could grow 5 or 10 times by the end of 2022.
Greed is good | Greed Crypto is Rising