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Highlights
- Launched in September 2021, Adventure Gold (AGLD) is primarily the native token of the Loot NFT project.
- The 332th ranked token was trading at US $2.09 with a 24-hour trading volume of US$57,901,768 over a day, as per CoinMarketCap.
Adventure Gold crypto (AGLD) in March has been on a roller coaster ride. In the past 30 days, the token has registered gains of over 69%. The gains turned astonishing in the past 14 days when it crossed the 69% mark to register gains of 83%. However, the token on 31 March had hit a small bump in the rally as it was down by 3.36%.
Launched in September 2021, Adventure Gold (AGLD) is primarily the native token of the Loot NFT project. An ERC-20 token. It is placed in such a way that it intentionally lacks a front-end interface, images, statistics etc. Instead, it maximises its potential with 8,000 text-based NFTs open to the vast community.
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The token offers voting rights to the users, and its uniqueness has enabled the community to come up with various competitive projects based on its code. Recently, the project announced its Reverse, which happens to be an on-chain gaming ecosystem running on starknet.
What has obstructed AGLD’s rally?
Although the exact reason for the decline in the AGLD token is unclear, it seems the AGLD is just witnessing market correction after its phenomenal rise. As a user, one can gain ownership of the 8,000 bags of adventure gear which the users get an opportunity to decide on its prices, rather than developers setting the price.
The project’s website also mentions ‘More Loot’ or mLoot bags, besides character NFTs, which are linked to a specific bag. Loot NFTs are listed on the OpenSea NFT exchange.
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How is AGLD faring?
On 31 March, AGLD was trading way below the usual trend. The 332nd ranked token was trading at US $2.09 with a 24-hour trading volume of US$57,901,768 over a day, as per CoinMarketCap. The AGLD enjoys a live market cap of US$148,128,470 and 70,170,001 AGLD coins in circulation.
The AGLD investors would hope it to get back to its rally days soon. However, today’s dip without any specific reason indicates how volatile the crypto markets can be and why one must be very careful while venturing into the domain. It is necessary to conduct proper market research and carefully observe how the asset class and the global situations are reacting before taking an investment decision.
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