Adventure Gold Captures NFT Enthusiasts

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 10 2024

Should l Buy AGLD?

Adventure Gold Overview: Adventure Gold (AGLD) is the native cryptocurrency for the Loot project, allowing NFT holders to claim AGLD tokens and aiming to establish a decentralized gaming currency with community-driven governance.
Trading and Value Surge: AGLD gained significant attention with an initial airdrop valued at $70,000 per NFT, and it can be traded on major exchanges like Binance, facilitating further integration into the Web3 gaming ecosystem.

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Technical Analysis for AGLD

Technical Sentiment Analysis for Adventure Gold (AGLD) As of , Adventure Gold (AGLD) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AGLD stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, AGLD is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Adventure Gold (AGLD) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0801	0.125	0.177	0.222	0.274	0.319	0.371
Fibonacci	0.125	0.162	0.184	0.222	0.259	0.281	0.319

About AGLD

Adventure Gold (AGLD) is an ERC-20 token that originated from the Loot non-fungible token (NFT) project. Loot, created by Vine co-founder Dom Hofmann, is a unique text-based collection of randomized adventure gear stored on-chain. The project intentionally lacks a front-end interface, images, or predefined functionality, consisting of 8,000 text-based NFTs open to community interpretation. Initially launched on September 2, 2021, AGLD allowed each Loot NFT owner to claim 10,000 tokens for free. This airdrop became incredibly valuable, worth up to $70,000 per NFT in the early days of trading. AGLD's founder, Will Papper, aimed to establish a standard currency for the decentralized gaming universe built around Loot. As the project evolved, AGLD has become the ecosystem, governance, and gas token for Adventure Layer, a Layer 2 solution customized for Fully Onchain Games (FOCG). The Adventure Layer, an upgrade to the original Loot Chain launched in June 2023, incorporates advanced features like sharding, tick-based parallel execution, and an ECS game engine. These improvements are designed to enhance the experience for both FOCG players and developers, furthering the project's goal of creating a robust ecosystem for decentralized gaming.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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