Why Adventure Gold (AGLD) token jumped 34% today? - Kalkine Media

February 02, 2022 07:26 AM AEDT | By Versha Jain
Follow us on Google News:

Highlights

  • Stanford University graduate Will Papper had launched Adventure Gold in September 2021.      

  • AGLD is the native token of the NFT project Loot.

  • The token was down 0.06% in the week ended January 31, 2022, as per coinmarketcap.com.

The Adventure Gold (AGLD) token jumped more than 33% on Tuesday afternoon after the issuer tweeted, “Rings for @lootproject is now open source!”.

 The token was trading at US$1.11, up 33.86% at 12:15 pm ET.

Overall, the global crypto market was up 0.83% to US$$1.77 trillion at 2:38 pm ET on Tuesday, lifted by gains in Ethereum and Tether prices.

Bitcoin, however, was down 0.14% to about US$38,415 on Tuesday afternoon.

The AGLD token’s trading volume rose to a whopping 569.47% to US$58,237,299. Of the 5,576 token holders, the top 100 hold 92.22% of the total holdings, as per coinmarketcap.com.

 What is Adventure Gold (AGLD)?

AGLD, an ERC-20 token on the Ethereum blockchain, is the native token of the NFT project Loot.

Ethereum is a popular blockchain for decentralized open-source projects like Loot and Adventure Gold. Loot is a text-based randomized adventure gear created and stored on-chain.

It is based on 8,000 text-based NFTs and does not have a front-end interface, image, statistics, or functionality. Adventure Gold was launched in September 2021. 

At the time, it distributed 1,000 tokens for free to each Loot NFT owner. Now, there are several derivatives projects built around Loot.

Also Read: BitTorrent surges 9% as exchanges start accepting BTT token migration

Will Papper, a Stanford University graduate, had founded Adventure Gold to set a standard for projects built on Loot by offering them a currency for use in decentralized gaming.

Adventure Gold (AGLD) aims to attain a governance token status, with users’ voting rights on future in-game credits built on Loot.

AGLD grabbed people’s interest from the start due to its reputed community members and Ethereum co-founder Vitalik Buterin’s endorsement of the project.

The members are allowed to execute governance proposals, minting decisions, etc. However, the token has been volatile. It is ranked 439th based on market capitalization. 

Also Read: A look at top 50 stocks by market cap on NASDAQ Composite (Part I)

Why Adventure Gold (AGLD) soared 34% today?

Also Read: Top 50 stocks by market cap on NASDAQ Composite (Part II)

Price-performance

The token touched an all-time high of US$7.70 on the first day of trading on September 3, 2021.

Its circulating supply is 70,170,001, while the total supply is 70,170,001.

 AGLD has a market capitalization of around US$77.54 million.

Also Read: Top penny stocks to explore in February

Where to buy and store?

The token can be purchased from Binance, FTX, Bitget, OKX, Coinbase, Gate.io, Huobi Global, KuCoin, MEXC, CoinEx, Coin DCX, and Mandala Exchange.

The token can be stored in MetaMask and Trust Wallet. 

Also Read: SEC gives nod to new US stock exchange with blockchain feed

Bottomline

The Crypto market is volatile. Thus, investors should exercise caution while investing in cryptos.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.



Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK