Wall Street Games Experiences Extreme Volatility After 2,000% WSG Token Rally

The WSG token experienced turbulence after a price rally propelled the cryptocurrency to a new all-time high.

WSG Is Up and Down

The WSG token is currently trading at $0.000000164507, down 53% from an all-time high of $0.000000338690 on July 27th. That still leaves the token up 1,713.6% from $0.000000008706 just nine days ago July 20th. It marks an incredible period for the blockchain gaming firm.

This micro-cap token experienced an enormous rally and has a fully diluted market cap of ~170,000,000. Currently, there is only 13% of the total WSG in circulation leaving the market cap at $22,840,000 according to the CoinMarketCap data.

Since WSG maintains a small scale the market is subject to extreme volatility. This has been seen to both the upside and more recently the downside, displaying the true risk of small-cap tokens.

The WSG token price (CoinGecko)

A Great Run

Wall Street Games has enjoyed a great run recently on the back of a number of positive announcements for the firm. Wall Street Games is a ‘next generation’ gaming platform with ‘unique and immersive’ ways for users to earn tokens according to their website.

On July 22nd, Non-Fungible-Token (NFT) exchange BakerySwap announced via Twitter that 3 new staking pools would launch on July 26th, all of them earning rewards in $WSG. For staking $BAKE users can expect to make returns in $WSG at an annual percentage yield of 40%. More advanced users familiar with yield farming can set up a WSG-BNB at an APY in four figures – that’s 1,000%+.

The company announced their own gaming competitions via a Twitter post. Prizes range up to $1,000 daily for the top 5 scoring players. Rewards will be paid in $BAKE, the native token of BakerySwap.

More to Come

While the WSG price has retracted over the past few days there are more positive indicators from the project. The company has launched a major new feature in the form of NFT staking pools. Users are invited to deposit $WSG tokens into a contract with rewards in the form of NFT cards.

The Wall Street Cards will be publicly tradable and will offer periodic rewards from the Wall Street Games treasury. The Wall Street Games team hopes the introduction of this NFT range and its token lock will help to create a price floor for WSG.  

Source : bsc.news

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