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Highlights
- AGLD, the native token of the Loot non-fungible token project, has seen an exponential volume spike on Tuesday in the 24-hour period.
- AGLD was trading at US $3.65 with a 24-hour trading volume of US $23,80,82,115 around BST 8:10 am.
Adventure Gold (AGLD), the native token of the Loot non-fungible token (NFT) project, has seen an exponential rise on Tuesday with both volume and price increasing by 168.30% and 5.23%, respectively.
AGLD has been on the rise for the past few days, and especially post its listing on the Coinbase exchange. With the listing, it gives the investors exposure to the NFT market space, which is often dubbed as the future of entertainment. Just launched earlier this month on 2 September, the token has been a hit amongst the gamers who use NFT games and allows players to gather in-game loot.
Also read: Adventure Gold Crypto: Why is it creating a buzz?
Founded by Will Papper, the token aims provide a standard for the Loot projects, by building a currency for the decentralized gaming universe.
At the time of writing (BST 8:10 am), AGLD was trading at US $3.65 with a 24-hour trading volume of US $23,80,82,115. Adventure Gold was up by 5.23% in the last 24 hours with a live market cap of US $25,62,91,043 USD. It has a circulating supply of 7,01,70,001 AGLD coins.
One of the reasons for the bullish sentiment is due to its listing on the Coinbase Pro exchange, which happened on Monday. The listing will now allow the holders of the Adventure gold token to load it on their Coinbase accounts and start trading almost on an immediate basis.
Why AGLD is so unique
Adventure Gold allows each owner of the Loot NFT to get 10,000 tokens for free. Due to its user-friendly protocol, the holders find it attractive as they can develop derivatives projects based on its code. The prices have been bullish ever since its launch with its airdrop being worth as much as US $70,000 per NFT.
From a working protocol point of view, it adopts the same principle on which the Loot NFT operates. It allows the users to vote on future in-game credits and allows to mint token on Loot protocol at the time of adoption. Its superior development speed has made the token more volatile in nature giving the traders a unique opportunity to book their profits in the short-term basis.
Also read: EGLD ’s volume takes off post KuCoin Listing. Will prices also surge?
Besides Coinbase, AGLD is also listed on the FTX, UNISWAP, OKEx, Gate.io exchanges.
Conclusion
Adventure Gold has seen volatility, which has made the token bullish. Many investors are betting that the prices will go up soon and its speed too doesn’t seem to be slowing down at the moment. If it can manage to continue the momentum, it can very well breach the US $5 mark by the end of this year.
