Decentral Games (DG) price prediction: Will it surge on metaverse trend?
Metaverse is a growing phenomenon, and according to a Bloomberg analysis, the Metaverse market size has been predicted to reach up to $800bn by 2024. The increasing popularity of the play-to-earn sector in the metaverse puts Decentral Games in a sweet spot along with its rivals Axie Infinity (AXS) and The Sandbox (SAND).
Moreover, Decentral Games has lately received investments from prominent platforms like Polygon and Decentraland.
Following the overall bearish trend of the crypto market, however, Decentral Games has been on a downtrend lately, trading at $0.2599 at the time of writing, 25 January 2022.
Can its price action reverse in the coming days and bounce to new highs? First, let’s consider the project’s fundamentals and latest developments to get a clearer view of a plausible Decentral Games price prediction.
What is Decentral Games?
Decentral Games is a decentralised autonomous organisation (DAO)-governed casino built on the Metaverse that runs with the DG coin as its native token. Players earn DG by playing games; liquidity providers earn DG for providing liquidity; and holders earn DG for assisting in the casino house fund’s treasury governance.
Its network is composed of five main operational pillars:
dgTreasury: The DG Treasury is an open and transparent framework that funds the treasury.
dgDAO: A DAO wallet for cold treasury storage.
dgRewards: A contract for gaming prizes that distributes DG to participants.
dgLiquidity3: A liquidity contract that gives DG rewards to motivate liquidity service providers
dgGov: A governance contract that requires staking DG to vote on different ecosystem development ideas to obtain $DG rewards.
The DG token is an ERC-20 governance token, which facilitates all ecosystem activities through the DG treasury. There will never be more than one million DG coins in circulation.
The DG treasury is financed by user contributions. Earnings are generated by mining or farming, completing challenges, and minting non-fungible tokens (NFTs). In addition, the platform features roulette, poker, slots, blackjack, and other NFT-based games.
Decentral Games news and price drivers
The project has undergone a number of significant milestones and developments lately, which may drive the decentral games token value:
Partnership with Theta Network
In September 2021, Decentral Games partnered with Theta Network to answer consumer demand for live stream events, such as poker tournaments and live music performances.
Theta Network is a decentralised video streaming network that pays crypto incentives to users in return for idle bandwidth, improving viewer watch times and streamer revenue.
“We are confident that Theta’s industry-leading solution in decentralised video content delivery will bring fans closer to the action in the highest quality viewing experience available,” said Miles Anthony, founder and project lead at Decentral Games.
1/???? We are happy to announce a strategic partnership with @Theta_Network to scale our livestream capacity during metaverse events! ????
— Decentral Games (@DecentralGames) September 22, 2021
???????? https://t.co/Lqj84Wuwbj pic.twitter.com/iIfvB1R8Ps
Launch of Ice Poker
In September 2021, Decentral Games launched ICE Poker, a play-to-earn game where participants are rewarded with ICE tokens and empowered to mint rare NFTs.
The objective is to generate interest in the platform since competitions and challenges engage more users. Additionally, ICE was introduced to the network to increase liquidity by enabling users to buy additional coins.
Funding from Binance Smart Chain
September 2021 also saw Decentral Games receive investment from Binance Smart Chain (BSC). Apart from providing funding, this investment gave Decentral Games access to millions of Binance Smart Chain users globally.
BSC committed to incubating and expediting DG's new product development and marketing efforts. Decentral Games used the financing to introduce new features and intriguing games, including its most recent play-to-earn offering, ICE Poker, intended to improve the DG DAO's daily active user count and cash flow.
Virtual New Year’s Eve party in Metaverse
Decentral Games held a virtual party in the metaverse to celebrate New Year’s Eve along with an NFT scavenger hunt and giveaways worth $10,000.
This metaverse party featured live performances from celebrities and artists such as Cristy Lawrence, Fluencee, Rich DietZ and Medii.
Join us for NYE 2021 Party w/ DJs, a 24hr Scavenger hunt, 10k in competition prizes/giveaways, wearables, and more!????
— Decentral Games (@DecentralGames) December 31, 2021
Bring in the New Year w/ us in the #Metaverse!????????
Sponsored by @OKEx????
????Blog: https://t.co/Bbgpzkueej
????RSVP & DJ Schedule: https://t.co/GPC7MiPtdL pic.twitter.com/MrTZSIrsjS
DG/USD price analysis
DG token is a relatively new token that has not seen a massive rally yet. As a result, its price has remained stagnant since its inception.
Based on the earliest available price data from CoinMarketCap, DG coin made an intra-day high on 3 December 2021 when its price spiked from $0.5597 to $0.6122, a gain of 9%. The bears took the lead and the DG price turned bearish. The price collapsed to $0.4222 on 4 December and further bottomed to $0.3667 on 6 December, representing a decline of 40% within three days.
The price action turned briefly bullish again, and the DG token reached $0.4809 on 7 December but collapsed again to $0.3389 on 11 December and further bottomed to $0.3032 on 15 December. Further, the DG token slightly rebounded and reached $0.3528 on 16 December before tanking to the all-time low of $0.2447 the same day.
The DG token turned bullish during the last day of the year and reached $0.4998 on 31 December. But, it collapsed sharply the same day and made an intra-day low of $0.2895. It closed the year slightly higher at $0.3372 as of 31 December 2021.
Since the start of 2022, price action has remained bullish for DG token, and it reached its all-time high of $0.6294 on 16 January. After that, the price collapsed, hitting $0.2521 on 24 January, marking its 30-day low. At the time of writing, 25 January, the DG token was trading at $0.2599 and had a market capitalisation of $99.7m.
Decentral Games (DG) price prediction: Targets for 2022, 2025 and 2030
On 25 January 2022, CoinCodex’s short-term DG price prediction was bearish, with only one indicator showing a bullish signal compared to 17 who were bearish.
All the daily simple moving averages (SMA) and exponential moving averages (EMA) were giving ‘sell’ signals. The volume-weighted moving average (VWMA), average directional index (ADX) and Hull moving average (HMA) were also bearish.
The stochastic RSI (stoch RSI) gave a ‘buy’ signal. Meanwhile, the moving average convergence divergence (MACD) and Williams percent range were neutral.
According to the Decentral Games coin price prediction from CoinCodex, the DG price could increase by 15.12% to reach $0.300837 by 30 January 2022.
Algorithm-based forecasters shared longer-term DG predictions:
Wallet Investor has an extremely bullish Decentral Games crypto price prediction. It forecasts the average price will reach $75.376 by the end of 2022 and $370.045 by 2025. The five-year estimate for DG/USD indicated that it could hit $418.46 in January 2027. Notably, the Decentral Games (DG) token underwent a 1:1000 split in early December 2021, upgrading to DG Governance V2. WalletInvestor’s Decentral Games prediction seems not to have adjusted for this split.
Meanwhile, Digital Coin shared more down-to-earth targets for the DG token. It estimated that the average price of DG in 2022 could be $0.3682, moving up to $0.4248 in 2023, $0.5670 in 2025 and $1.12 in 2029.
According to Price Prediction, the average price of DG/USD could reach $0.39 in 2022, $1.19 in 2025, and $7.63 in 2030.
When looking for Decentralised Games forecasts, bear in mind that analysts’ and algorithm-based predictions can be wrong. These DG projections are based on fundamental and technical studies of the cryptocurrency’s past performance, which offers no guarantee of future results.
It’s essential to do your research and always remember that your decision to trade depends on your attitude to risk, your expertise in the market, and your investment portfolio spread. You should never invest money that you cannot afford to lose.
FAQs
Is Decentral Games coin a good investment?
The metaverse and play-to-earn NFT-based games have gained popularity in 2021, and this trend is likely to continue in 2022.DG is a metaverse token backed by reputable projects, such as Polygon and Binance Smart Chain. Still, whether it is a good fit for your investment portfolio depends on your circumstances and risk tolerance. You should consider the level of risk you are ready to take before investing. And never invest money that you cannot afford to lose.
How high can Decentral Games go?
According to long-term DG crypto price predictions from Digital Coin on 25 January 2022, the coin could hit $1.12 in 2029. Whereas Price Prediction claims its average worth could be $5.15 by that time. Please remember that these predictions are frequently wrong and are no substitute for your own research.
Will the Decentral Games token hit $10?
On 25 January 2022, Price Prediction suggested the DG token could surpass $10 by 2031, but you must form your own opinion before investing.
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