In recent days, Bitcoin failed to exceed the $28,500 level after a sharp increase. There was not enough buying pressure in this increase, so there were pullbacks afterwards. As of now, Bitcoin is using the $27,260 level as support. If the $27,500 level is exceeded, there is likely to be another movement.

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Bitcoin is within a horizontal channel with a slight upward movement on the 4-hour chart. To break above this channel, Bitcoin needs to surpass the 27,400 level. Otherwise, if Bitcoin starts to break this channel downwards, closing below the 26,800 level, it might initiate further declines.

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The Latest Status of Cryptocurrencies

‣ Bitcoin (BTC) is trading at $27,048 with a 0.39% decrease for BTC/USD pair. Resistance levels for BTC are in the range of $26,800 – $28,200, while support levels are between $25,400 – $25,000.

‣ Ethereum (ETH) is trading at $1,620 with a 0.15% decrease for ETH/USDT pair. ETH’s resistance levels are in the range of $1,694 – $1,731, while support levels are between $1,550 – $1,465.

‣ Xrp (XRP) is trading at $0.509 with a 2.21% decrease for XRP/USD pair. XRP’s resistance levels are in the range of $0.53 – $0.55, while support levels are between $0.49 – $0.47.

‣ Yield Guild Games (YGG) is trading at $0.21 with a 7.10% decrease for YGG/USD pair. YGG’s resistance levels are in the range of $0.24 – $0.26, while support levels are between $0.20 – $0.18.

‣ WorldCoin (WLD) is trading at $1.44 with a 7.47% decrease for WLD/USD pair. WLD’s resistance levels are in the range of $1.60 – $1.81, while support levels are between $1.26 – $0.98.

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The team behind YGG Coin is Yield Guild Games, a Filipino game studio. The team’s founders are Gabby Dizon, Beryl Li, and Owl of Moistness. Gabby Dizon is a game developer who has worked on popular projects such as Axie Infinity and Yearn Finance Communities. Beryl Li is a Cambridge University graduate, co-founder of CapchainX, and a licensed financial advisor. Owl of Moistness is a blockchain developer and NFT algorithm expert.

Many investors and partners back YGG Coin. The project has raised $4 million in funding from companies such as Polygon, Blocktower, Scalar Capital, Youbi Capital, Delphi Digital, Sparq, and Bitscale Capital. It has also collaborated with games such as Axie Infinity, Sandbox, League of Kingdoms, Illuvium, and Zed Run.

YGG Coin’s Roadmap

– 2021 Q2: Establishment of the YGG DAO and distribution of the YGG token

– 2021 Q3: Launch of YGG website and mobile app; development of NFT rental platform; investment in new games

– 2021 Q4: Launch of NFT rental platform; establishment of FGD academy; collaborating with more games

– 2022 Q1: Opening of the FGD shop; creation of the FGD metaverse; launch of new products and services

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The ecosystem of YGG Coin

– Gamers: People who earn income or have fun using NFTs in games. Players can rent NFTs owned by YGG or purchase their NFTs.

– Investors: People who earn income by buying or staking NFTs in games. Investors can earn passive income by staking YGG tokens or voting in the DAO.

– Sponsors: Individuals or organizations that support players or investors. Sponsors may provide training or mentorship to players or provide funding to investors.

– Developers: Individuals or organizations that design and develop games or NFTs. Developers can cooperate with YGG to promote their games or sell their NFTs.

Features of YGG Coin

– Play-to-win model: It is a system where players are rewarded for their activities in games. In this way, players both have fun and earn income.

– NFT economy: A system where players and investors can buy, rent, or stake NFTs in virtual worlds. This increases the value of NFTs and provides liquidity.

– DAO management: It is a system where YGG Coin holders can participate and vote in the decisions of the project. In this way, the management of the project is democratic and transparent.

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As we start the new day, how are the prices of Bitcoin and popular altcoins? Is the upward trend still continuing? Here are the BTC and ETH prices!

There was a rising channel movement in Bitcoin. It broke down and reached its target. However, it still continues to hold on the $29,000 support. This unbroken support structure presents us with two options. The first option could break after liquidating short positions. The second option is that a strong wick below the $29,000 level could result in a sharp rise, leaving many in the opposite position. Seeing one of these two scenarios is a highly expected event in crypto dynamics.

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‣ Bitcoin (BTC) At the time of writing, the BTC/USD pair is trading at $29,508, up 0.07%. Resistance levels for BTC are between $30,400 – $30,800, while support levels are between $29,000 – $28,250.
‣ Ethereum (ETH) At the time of writing, the ETH/USDT pair is trading at $1,839, up 0.58%. Resistance levels for ETH are between $1,904 – $1,975, while support levels are between $1,821 – $1,776.

‣ ApeCoin (APE) At the time of writing, the APE/USD pair is trading at $1.91, up 3.16%. Resistance levels for APE are between $2.16 – $2.43, while support levels are between $1.77 – $1.47.

‣ Coin98 (C98) At the time of writing, the C98/USD pair is trading at $0.1419, up 3.79%. Resistance levels for C98 are between $0.1447 – $0.1489, while support levels are between $0.1345 – $0.1269.

‣ Yield Guild Games (YGG) At the time of writing, the YGG/USD pair is trading at $0.57, up 5.29%. Resistance levels for YGG are between $0.66 – $0.78, while support levels are between $0.53 – $0.46.

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