One of the game projects, Yield Guild Games ( YGG), right after the strong bullish wave it experienced fell due to speculation.
Play to Earn ( P2E) with a project Yield Guild Games , experienced a bull run that attracted the attention of the market after prolonged declines. Project, Guild Progress Program ( GAP) attracted attention by promoting its fourth season. Yield Guild Gamesincreased its popularity with strong gains and market appetite.
The bull run of the project was completed as a result of speculation, and then the price of YGG $0.32 levelup now.
Yield Guild Games (YGG) crashed due to corporate steps
Gaming projects in the crypto industry seem to be inefficient lately. However, many projects manage to attract the attention of investors with short-term bullish scenarios. One of them, Yield Guild Games ( YGG), with the steps taken within the scope of project developments, has become the most rising crypto money in recent days.
YGG, August 3with its rise since 443 percent gained momentum. This rise took YGG to the top last week. returning from the 1 dollar level YGG, up-to-date $0.34 moves level. The reasons behind this decline come to mind.
The reason behind this decline of YGG is the result of speculation. on-chaindata review platform lookonchain, YGGHe wrote about the movement on his side.
lookonchainAccording to the report of institutional investors, DWF labs transferred the YGGs in his possession to Binance. This transfer was worth millions of dollars and was enough to mobilize investors. In another data of Lookonchain, youbi Capital’s transfer to Binance YGGappeared to be transmitted.
The high sales pressure that comes with the fact that the institutions carry YGG to the stock markets and the reflection of this data to the investors, It was enough to disrupt the rising trend of YGG.
The steps taken by corporate names can turn into speculation in direct proportion to the reaction of the investors, and as a result, price fluctuations can occur.
