Interesting Asset that i longed a couple Days ago because i like the Project which is a NFT. Its a "Crypto-Tamagochi" that lets you stake money inside it via GHST tokens. You can also play with it and increase its value by buying rare items for it. I believe Aavegotchi could go viral if ETH didnt have such high Gas fees. But if i understood it correctly, the project will switch to the MATIC Network to avoid high transaction fees on ETH in the future or allready did.
On the technical side its right now showing potential hidden bullish divergence on MACD and RSI (not confirmed yet) which seems to work out very well in the crypto space lately and became one of my most profitable pattern. Its inside a Parabola so far which means it could go insane if GHST performs like other cryptos. Lookin at the recent sell offs on BTC they didnt seem to have a big effect on the Aavegotchi token. This could point to the fact, that the community behind it believes in the project, stake GHST and wont dump the token just because the macro shows some temporary weakness.
It would be pretty cool if this project succeeds and for example kids in the future could save their money in Aavegotchis and play against each other instead of using a piggy bank :)
Comment
⋅
GHST just closed the daily candle 2 cents higher than the previous ATH close.
If we can go off AXS parabola. same thing will happen to whole nft space.
luyestefan
⋅
@joesdeals, thanks for commenting :) yes i agree! if more people start to realize the true potential of NFT's, the demand for these projects will increase dramatically and prices will explode like in DeFi. But right now it seems that even people in the crypto space dont understand NFT's and only think of Crypto Kitties.
If we can go off AXS parabola. same thing will happen to whole nft space.