TradingAmok

YGG - Monthly bullish breakout

Long
GATEIO:YGGUSDT   YieldGuildGames/Tether
After 670 days of accumulation, Yield Guild Games (YGG) is breaking out a rounded bottom pattern on the monthly chart.

A significant increase in volume during the breakout supports the idea of probable bullish momentum in the near future.

I expect YGG to to mitigate the inefficiencies it left behind during the downtrend and may serve as profit-taking targets.

Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) for investing in non fungible tokens (NFTs) used in virtual worlds and blockchain-based games. It's the world’s first and biggest web3 gaming guild where players can find their community, discover games and level up together. Its mission is to become the leading community-based user acquisition platform in web3 gaming.

The market cap of Yield Guild Games (YGG) is $409M, currently ranking #194 among all criptocurrencies, with a max. supply of 1B coins and a circulating supply of 31.84%.


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