Adventure Gold price prediction: Where will the journey take us?
Price action for the native token of the text-based NFT project Loot is a wild ride
Adventure Gold (AGLD) is the ERC-20 token of the Loot project. Deployed on Ethereum in September 2021, AGLD was initially deployed via an airdrop to members of the Loot NFT community.
Despite lacking any meaningful use, AGLD has a respectable market capitalisation of $32.9m, derived from a fully diluted circulating supply of 70.17 million tokens valued at $0.47 each (as of 8 June).
AGLD enjoys support from major centralised exchanges, including Binance, Coinbase, FTX and Gate.io. Has Adventure Gold appeared on your radar recently? If so, read on for the latest price action and AGLD price prediction targets from the online forecasters.
The Loot project
Loot was created by Dom Hoffman, who first gained fame as the creator of the social media app Vine, which was sold to Twitter in 2012 for $30m.
Loot is an NFT project. But rather than going through the hassle of designing pieces of art, Loot NFTs consist of lists of randomised “adventure gear”, typed in the extremely common Times New Roman font. Items include mesh belts, silver rings, chain boots and studded leather armour.
In total, there are 8,000 of these unique bags of adventure gear, of which 7,779 are tradeable on OpenSea, with the rest held in a deployer account. Loot has a floor price of 0.87 ETH. 74,000 ETH worth of loot has been traded thus far.
While Loot may seem rudimentary at face value, an expansive community has been built around the project. The tradeable nature of these loot bags has given birth to dozens of blockchain-based gaming platforms, including Dungeons and Dragons-inspired projects such as Loot Dungeon. Even Vitalik Buterin is a fan.
Since its September 2021 inception, Loot has morphed into a vast playground for developers, gamers and investors. But what is Adventure Gold (AGLD)’s prospects as an investment opportunity? Let’s have a look at the Adventure Gold coin price predictions to find out.
Adventure Gold price action
AGLD has seen a long-tail downtrend since encountering a high of $4.74 on 5 October 2021. By December, the token was trading at around $2.50 before dropping to $1.70 on 1 January 2022. Adventure Gold broke below the $1 barrier on 21 January, before dropping to $0.81 by the end of the month.
Things picked up in February, starting with a 53% rise in value over the first four days of the month. The token swelled throughout March, reaching as high as $2.30 on 20 March, and while April saw losses, AGLD managed to stay above $1 until falling below the barrier on the 29 March.
The lastest trading price of $0.47 was 79.5% below the 90-day high of $2.30 observed on 30 March. In terms of trading activity, AGLD saw a recent 24-hour volume of $7.95m, or 24.1% of market capitalisation.
From the forecasters
AGLD could see a 27-times increase over eight years from its 9 June 2022 price of $0.46, according to PricePrediction, in its Adventure Gold price prediction for 2030. In the shorter term, the forecaster has an Adventure Gold price prediction for 2022 of $0.62, rising to $2.04 in 2025.
WalletInvestor is less optimistic with its Adventure Gold price prediction. The token could flatline in value according to the forecaster, first to $0.066 over 12 months, before losing 98% of its value in 2025.
TechNewsLeader has an Adventure Gold price prediction for 2025 of $2.30, making for a 389% return on today’s value. The token could hit $13.40 according to the forecaster’s 2030 coverage. The 2022 price target inches slightly above the $0.70 barrier.
The Adventure Gold price prediction at DigitalCoin is $0.61 for 2022, heading up to $0.92 by 2025. Long-term gains are fairly conservative, with the token expecting to reach $2.16 in 2030.
Always keep in mind that digital forecasters use algorithms to make their predictions. While useful as a reference, they do not take into account certain fundamental factors and external market volatility. The forecasters’ Adventure Gold crypto price prediction estimates should be just one element of your investment due diligence.
How many Adventure Gold are there?
AGLD has a fully diluted circulation of 70.17 million tokens.
Is Adventure Gold a good investment?
That is unclear. Some market sentiment is negative, while other predictions suggest some long-term gains are possible. Further independent research should be undertaken before an investment.
Will Adventure Gold go up?
No, according to some forecasters’ Adventure Gold price prediction coverage. Yes, according to others. With mixed coverage, any potential investors are advised to consult an independent financial adviser before laying down your money on an investment.
Should I invest in Adventure Gold?
Any investment decision must be backed up with independent analysis and professional financial guidance. The article should be used as an information resource as opposed to genuine financial advice. Never invest more than you can afford to lose.