The value of the new altcoin has risen sharply after listing on several trading platforms.
On September 3, the price of the Adventure Gold token (AGLD) reached $ 6.8, after which it dropped to the current level of $ 5.8.
Over the past day, altcoin has risen in price by 1368%, according to CoinGecko. The market capitalization of the new asset exceeded $ 450 million.
Adventure Gold token (AGLD) was released by the Loot blockchain project on September 2. It originally appeared on the Uniswap decentralized exchange.
Then the asset was added to three sites: MEXC Global, OKEx and Gate.io. After that, cryptocurrency trading volumes soared by 9500%, to the current level of $ 192 million.
Sharp fluctuations in the value of low-liquid assets can be the result of using the “Pump & Dump” scheme. It is widespread in the blockchain industry due to lack of regulation.