I went to check the portfolio, saw $YGG from @YieldGuildGames with a minus of 2.17%, price 0.0721, and my first reaction was: here we go again. But then I took a breath and thought: okay, a two percent loss is nothing by crypto standards, it has been worse. The chart shows a drop from a high of 0.0750 to a low of 0.0698, and now the price is trying to stabilize somewhere in the middle. The trading volume of 31.24 million for YGG — this is decent activity, which means people are still trading, the project is not abandoned.
What really pleased me the other day was the launch of YGG Play Launchpad, because it is exactly what the GameFi space was missing. Usually, if you want to find a decent web3 game, you have to sift through a bunch of websites, read reviews on obscure forums, and risk stumbling upon another scam. But now there is a platform where @YieldGuildGames has already selected quality projects, allowing you to calmly enter, complete quests, and the coolest part — gain access to tokens of new games through the Launchpad even before they skyrocket in price.
Technically, the chart looks not very good, all moving averages are pointing down or at best sideways: MA7 at 0.0731, MA25 at 0.0731, MA99 at 0.0735, and the price is trading below all of them. This is a classic bearish signal indicating that the short-term trend is downward. But you know what? I'm not particularly worried about it because I'm not looking at daily candles, but at what the team is building long-term. And #YGGPlay is one of those initiatives that could change the entire GameFi industry, making it accessible not only to hardcore crypto enthusiasts but also to regular gamers.
I remember trying to figure out a web3 game a year ago, spending about two hours trying to understand how to even get in, what wallet I needed, how to buy tokens, how to mint an NFT character. In the end, I got so tired of this hassle that I gave up before I even started playing. And now imagine a platform where all of this is already set up, where you can just choose a game you like, complete a quest, and receive a reward. Without this technical pain, without the need to be a blockchain expert just to play a game.
The volumes show an interesting dynamic: YGG 31.24 million, USDT only 2.28 million, which hints that people are actively trading within the pair but are not massively exiting into stablecoins. This may mean that despite the current price drop, long-term holders continue to believe in the project; there is just a redistribution going on between speculators. And that’s normal; the market always breathes, sometimes in, sometimes out; the main thing is not to panic with every movement.
The concept of a Launchpad for game tokens is simply brilliant because it solves the problem from both sides. Players get early access to promising projects and can enter at a good price, while game developers get a ready audience of interested people who already understand what web3 is, already have wallets, and are ready to try something new. And $YGG becomes such a connecting link in this ecosystem, a token that provides access to all these opportunities.
I'm looking at the day's minimum of 0.0698 and think that this could be a decent buying zone if there is free money. Technically, this is an important support level; the price has bounced off it several times, meaning buyers are active there. The maximum at 0.0750 is the nearest resistance, just 4% growth, but if it breaks, it may give momentum for further upward movement. Although, of course, there are no guarantees; it could go down as well, anything is possible in crypto.
I chatted yesterday with a friend who works in game development, telling him about #YGGPlay and how they want to gamify the process of investing in new games through quests. He was initially skeptical, saying it sounded like yet another way to siphon money from people. But then he thought about it and agreed that the idea is interesting because usually early investments in gaming projects are only available to venture funds and large investors, but here is an opportunity to give access to regular players who actually create value for any game.
In general, GameFi is such a strange industry where entertainment and earnings mix, where your hobby can bring real money, and this creates an entirely new dynamic. Previously, games were purely entertainment; you paid for the game or a subscription and just enjoyed it. Now a model is emerging where you can earn by playing, and @YieldGuildGames are pioneers in this direction, showing that it is possible, that it works, and that people are ready to engage with it.
I think the current correction is a temporary phenomenon related to the overall weakness of the crypto market. Because when you look at the fundamentals, at what the team is launching new products, expanding the ecosystem, attracting new partners, it becomes clear that the project is developing in the right direction. And the price will reflect this sooner or later; it just takes time and patience, not panic at every red candle.
#YGGPlay @Yield Guild Games $YGG
