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TürkçeDai VS Yield Guild Games
VS
Dai
Dai is a decentralized stablecoin that aims to maintain a stable value relative to the US dollar through a system of smart contracts on the Ethereum blockchain. Unlike other stablecoins that are backed directly by fiat reserves, Dai is collateralized by a diversified pool of cryptocurrency assets, allowing for transparency and decentralization. This innovative approach provides users with a reliable medium of exchange and store of value without relying on traditional banking systems.
more informationYield Guild Games
Yield Guild Games is a pioneering player in the play-to-earn gaming ecosystem, connecting gamers with opportunities to earn rewards through blockchain-based games. This token facilitates decentralized governance, enabling users to have a voice in the development and direction of gaming projects within the guild. By creating a virtual economy that bridges the gap between blockchain gaming and real-world assets, Yield Guild Games is revolutionizing how gamers interact with digital platforms.
more information
Dai
Yield Guild Games
General Information |
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Title
Dai
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Title
Yield Guild Games
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Symbol
dai
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Symbol
ygg
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Whitepaper
-
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Whitepaper
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Website
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Website
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Community
-
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Community
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Last Updated
2025-02-01 23:55
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Last Updated
2025-02-01 23:51
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Price Data |
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Current Price $
0.999279
$
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Current Price $
0.297533
$
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High 24h
1.001
$
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High 24h
0.339715
$
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Low 24h
0.998995
$
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Low 24h
0.294967
$
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Price Change 24h
-0.00037282943919359
$
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Price Change 24h
-0.034329790059613
$
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Price Change % 24h
-0.0373
%
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Price Change % 24h
-10.34458
%
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Market Data |
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Market Cap
3488319478
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Market Cap
121794121
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Total Volume
166822410
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Total Volume
25146986
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Market Cap Change 24h
-29050114.069818
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Market Cap Change 24h
-13971940.145897
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Market Cap Change % 24h
-0.8259
%
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Market Cap Change % 24h
-10.29119
%
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Return on Investment (ROI)
-
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
3489732510.4212
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Circulating Supply
410462353.92051
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Total Supply
3487278830.766
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Total Supply
999875539.35278
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Max Supply
-
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Max Supply
1000000000
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Historical Data |
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All Time High (ATH)
1.22
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All Time High (ATH)
11.17
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ATH Change %
-17.98319
%
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ATH Change %
-97.34581
%
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ATH Date
2020-03-13 03:02
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ATH Date
2021-11-20 16:49
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All Time Low (ATL)
0.88196
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All Time Low (ATL)
0.125601
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ATL Change %
13.353
%
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ATL Change %
136.0808
%
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ATL Date
2023-03-11 07:50
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ATL Date
2023-06-10 04:36
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Dai
The Journey of Dai: A Stablecoin with a Difference
In the volatile world of cryptocurrencies, stablecoins have carved out a niche as a reliable store of value, and Dai stands out as a significant player in this space. Unlike other cryptocurrencies that can experience wild price swings, Dai maintains a steady value, providing a level of predictability and security that's hard to come by in the crypto ecosystem.
Understanding the Mechanics of Dai
Dai (symbol: DAI) is a decentralized stablecoin powered by the Ethereum blockchain, designed to maintain a value equivalent to one US dollar. It is a product of the MakerDAO project, utilizing smart contracts to ensure its stability. Unlike fiat-backed stablecoins, Dai does not rely on banks; instead, it uses a system of collateralized debt positions (CDPs) to balance its value. This means that users can lock up their Ethereum holdings as collateral to generate Dai, making it a truly decentralized solution.
The Pros and Cons of Using Dai
Dai's decentralized nature is one of its greatest strengths. It offers transparency and bypasses the need for a centralized authority, which appeals to the crypto purists. Additionally, its integration into various decentralized finance (DeFi) applications makes it a versatile tool for earning, lending, and more.
However, this complexity can also be viewed as a disadvantage. For newcomers, the intricacies of interacting with CDPs and understanding the mechanics behind Dai can be daunting. Moreover, the requirement for over-collateralization—meaning you need more collateral in Ethereum than the Dai you can generate—can limit accessibility for some users.
A Look Back: Historical Performance
Since its launch, Dai has remained relatively stable, rarely deviating far from its $1 peg. On March 13, 2020, Dai reached an all-time high of $1.22, a significant deviation primarily driven by the crypto market turmoil during the COVID-19 pandemic's onset. Conversely, the stablecoin hit an all-time low of $0.88196 on March 11, 2023, highlighting occasional challenges in maintaining its peg during extreme market conditions.
Despite these fluctuations, Dai has consistently rebounded to its target price, underlining its resilience and the robustness of its underlying protocol.
The Future Outlook for Dai
Looking ahead, the prospects for Dai look promising, with several factors contributing to its potential growth. The burgeoning DeFi sector, which heavily utilizes Dai, is expected to expand, driving demand. Furthermore, as more cross-chain technologies develop, Dai's integration across different blockchain ecosystems may enhance its utility and adoption.
However, Dai's future isn't without challenges. The ongoing regulatory scrutiny of stablecoins presents a potential hurdle. The growing competition from other stablecoins, particularly those backed by significant financial players, could also impact its market share.
Conclusion: Dai's Role in the Crypto Ecosystem
Despite its challenges, Dai's role in the cryptocurrency sphere as a decentralized stablecoin is undeniable. It offers a compelling alternative to centralized counterparts, providing stability and security while embracing the decentralized ethos of the crypto world. As the ecosystem continues to evolve, Dai's adaptability and innovation will likely keep it at the forefront of the stablecoin revolution.
Yield Guild Games
Introduction to Yield Guild Games
Yield Guild Games (YGG) is more than just a cryptocurrency; it's a decentralized gaming guild that invests in non-fungible tokens (NFTs) utilized in virtual worlds as part of the booming GameFi industry. Founded in 2020 by Gabby Dizon, Beryl Li, and OMG Network co-founder Paul Veradittakit, YGG seeks to maximize the value extracted from virtual worlds. With gaming as a pivotal focus, YGG leverages the Play-to-Earn (P2E) model to create a sustainable and rewarding ecosystem for its users.
The Evolution of YGG: A Historical Overview
Since its inception, the YGG token has experienced significant fluctuations, reflective of both the volatility of the GameFi sector and the broader crypto market trends. Hitting its all-time high at $11.17 in November 2021, YGG rapidly gained attention as part of the GameFi boom. However, like many crypto assets, it was not immune to the dramatic market downturns, falling to an all-time low of $0.125601 in June 2023. This history underscores the speculative nature of this token and its sensitivity to market sentiments.
Advantages of Investing in Yield Guild Games
One of the prime advantages of YGG is its strategic placement within the NFT and P2E markets, both of which continue to evolve with new innovations and user engagement. YGG is at the forefront of the GameFi movement, appealing to both crypto enthusiasts and gamers alike. The diverse applications and participation incentives within the YGG ecosystem generate interest and sustainability.
Moreover, YGG's concept of a community-driven investment pool for NFTs represents a fascinating model that combines elements of traditional gaming and finance. The opportunity for gamers to earn while participating in their favorite games makes this an attractive proposition.
Challenges and Disadvantages of YGG
Despite its potential, investing in YGG is not without risks. The GameFi sector, while promising, is still in its nascent stage. Its high volatility is both an opportunity and a challenge, with significant swings in token prices illustrated by YGG's dramatic rise and fall.
Regulatory concerns also loom large over the entire crypto ecosystem, including NFTs and gaming applications. Any regulatory crackdown could severely impact YGG's operations and profitability, potentially affecting its investor base.
Future Outlook for YGG
Looking ahead, the fortunes of YGG will likely be tied to the broader evolution of the GameFi sector and the NFT markets. If gaming and virtual reality spaces continue to grow, Yield Guild Games could be a major beneficiary given its strong positioning and user base.
Investors are optimistic that Yield Guild Games will diversify its partnerships and expand its footprint across multiple gaming ecosystems. The continuing growth in gaming adoption and technological advances in blockchain could provide a fertile ground for YGG's rebound and future success.
Conclusion
Yield Guild Games represents an exciting intersection of gaming and decentralized finance, pushing the boundaries of digital asset utilization. While it embodies great promise within an innovative space, potential investors should weigh these opportunities against the inherent risks and volatility. As part of a diversified portfolio, YGG may offer substantial rewards, but it requires careful consideration and strategic foresight.