$YGG market fluctuations

CN
7 hours ago

The $YGG market has shown unusual activity, rising from 90 million to 100 million, and the reason has been found.

According to rumors, YGG is set to launch its own launchpad (not officially announced yet). The clear points at the moment are:

  1. The positioning is a game-focused launchpad.
  2. It will adopt a fair launch approach, drawing inspiration from Virtuals.

The logic behind this transformation is quite reasonable. The game project resources, community influence, and deep understanding of the blockchain gaming sector that YGG has accumulated over the past few years provide a natural advantage for creating a launchpad.

There are precedents; Virtuals has created numerous wealth-building myths through point staking and gamified sales models. If YGG can replicate this model in the gaming sector, it theoretically possesses a differentiated competitive advantage.

$YGG Market Overview

Circulating Market Cap: 100 million USD

Unlock Progress: 84% unlocked

Next Unlock: September 27

Looking at the chip structure, the top 25 entities control 49% of the circulating supply, which is relatively concentrated; in terms of trends, $YGG has been consolidating since 2022, with sufficient washing out and relatively low resistance above.

However, there are a few points that concern me.

First, the current market sentiment and capital focus are not on the gaming sector. Can the YGG launchpad rise against the trend during a downturn in the gaming sector?

Second, will it truly benefit the $YGG token itself? Last month, YGG officially announced a 1 million USD buyback, but the market response was not particularly enthusiastic.

Ultimately, while the strategic direction of the YGG launchpad is correct, its long-term value will depend on the specific implementation results. I will continue to follow up.

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