For me, this is an opportunity to remind myself about DCA Dollar-Cost Averaging. Perhaps for long-term investors, this is a good point to buy more if faith in the fundamentals of the guilds remains.
Lucilla Cat Lana
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Axie Infinity and YGG: lessons from a successful guild and their relevance today🔥
You know, there are days when you open the chart and just want to close the app and not look at it anymore. Today is just that kind of day. The price $YGG is at $0.0692 with a drop of 4.68% — this is a serious blow. I look at this chart and see almost a continuous red staircase down from the maximum of $0.0735 to the minimum of $0.0679. A drop of almost 8% in one day. All moving averages — MA(7) at $0.0696, MA(25) at $0.0715, MA(99) at $0.0730 — all above the price, all pointing south. The trading volume is explosive — 12.61 million tokens, almost 900 thousand dollars, with most of this volume in red bars. Panic. Sell-off. And in such moments, I try to remember the history — where it all started, what led @Yield Guild Games to what they are now. And this story is inextricably linked to Axie Infinity.
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