Ahead of the upcoming release of Golden Inu’s new Web3 game, Golden Inuverse, the performance of the $GOLDEN [ERC-20] token by the “Shiba Inu Killer” is impressing traders and investors alike.
The recent rally propelled GOLDEN to its highest point in the week. Up by 7% in just 24 hours, many in the community, aka “Golden Horde” are expecting this price movement to be the catalyst for another go at the all-time highest price.
Looking at the data, investors appear to be joining the community of $GOLDEN holders by the hundreds. Over the past day, the asset’s trading volume nearly doubled in size, and out of all transactions involving the token, nearly 100% of them were buys.
This indicates that traders are joining in anticipation of significant returns once Golden Inu’s next roadmap steps are complete.
Moreover, the price-action analysis tool, MACD (short for moving average convergence/divergence) consolidates the view that the asset is about to go on a profitable trend.
The indicator showcases a clear cross between its moving averages, which when paired with the asset’s strong upward momentum can only mean good things for holders.
With price action and market optimism on its side, the “Shiba Inu Killer” appears to have all it takes to become a contender in the memecoin market.
Upcoming “Golden Inuverse” Game
On the upcoming date of September 21st, the project is set to unveil its highly-anticipated Play-to-Earn creation, “Golden Inuverse,” to the general public. This thrilling RPG offers gamers an opportunity to amass cryptocurrency rewards, and it has already amassed a devoted following among investors and web3 enthusiasts eagerly awaiting their chance to dive into the world of Golden Inuverse.
For those eager to embark on this adventure, subscriptions are still available. While the game itself is free to enjoy, players are required to have a minimum of ten dollars’ worth of $GOLDEN tokens in their game-connected wallets.
When acquiring $GOLDEN tokens, it is crucial to ensure that the slippage is adjusted to 7% to facilitate a seamless and hassle-free transaction.
New Burning Mechanism To Catapult The Value of $GOLDEN
Alongside the new game, the developers will also introduce a new token-burning methodology. Many in the community believe that the new mechanism, known as “Golden Treasury” will be the key element that will aid $GOLDEN to achieve new heights.
The “Golden Treasury” operates autonomously, reserving 50% of the profits generated [from the 7% slippage fees] by the ecosystem’s decentralized applications (dApps) to repurchase and burn $GOLDEN tokens. This mechanism creates a deflationary effect, steadily reducing the circulating supply of $GOLDEN tokens over time.
The primary objective behind the “Golden Treasury” is to enhance the intrinsic value of each $GOLDEN token, offering investors an opportunity for potential gains. As the ecosystem’s dApps gain traction and popularity, the rate of token burning is expected to experience exponential growth, potentially leading to substantial profits for $GOLDEN token holders.
This mechanism not only benefits token holders but also acts as a motivational tool, driving support for the project’s decentralized applications. Golden Inu’s disruptive approach challenges established norms in the cryptocurrency market, positioning itself as a significant player in the meme coin space.
