Adventure Gold (AGLD) has been trending upwards during the weekly timeframe. The sharp incline took a hit during the day but the overall outlook continues to be bullish. The bullish performance of the token has also resulted in the hype surrounding the token. At the time of writing, the cryptocurrency stands at a price level of $1.20. The token has recorded a growth of more than 30% during the past twenty-four hours while the daily trading volume has increased by nearly 500%. AGLD token is ranked #390 in the cryptocurrency market with a capitalization of $84 million.
What is Adventure Gold?
The NFT segment has become to be one of the most sought-after and profitable in the broader cryptocurrency market. There has been an influx of projects geared towards the digital realm as this segment is expected to continue to skyrocket. Adventure Gold is also a project that has close links to the digital space which is causing the cryptocurrency to soar upwards.
AGLD is essentially an Ethereum-based token that powers the Loot NFT project. The token enables its owners to have voting rights and governance share in the NFT project. Loot also enabled AGLD holders to buy their exclusive Loot Bag NFTs. The NFTs are unique because they are text-based and they could be claimed for free with a user having to only pay the gas fee for minting them.
What sets apart Loot NFTs is their versatility. Holders can assign whatever purpose they deem fit and build even a whole digital universe based on a single Loot NFT. This is the cause of the frenzy around this NFT collection and since the possibilities run wild and Adventure Gold is closely linked with the project, the AGLD token has also been surging. The token is expected to become the in-game currency for an expected game of the Loot project.
Future outlook
The Adventure Gold has a bullish outlook currently – especially since the community has a lot of expectations from the AGLD and Loot project in terms of what it can substantiate. Moreover, the technicals are also fueling the bullish outlook. According to the estimates of Digital Coin Price, AGLD is expected to end the year with a price level of $1.64 and reach towards $3.64 in five years’ time. PricePrediction.net is highly bullish on the token and projects the token to be operating at $11 by 2027.
