Basis GoldBAG
$0.383
Market/Exchange
BAG Price Prediction and Price Movement
BAG has been down 56.85 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that BAG's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if BAG is backed by a solid development team and whether BAG's technology has any potential to grow.
Please note that this analysis is purely base on BAG's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Basis Gold Price Chart
About Basis Gold
Basis Gold protocol consists of 3 tokens — Basis Gold (BAG), Basis Gold Share (BAGS) and Basis Gold Bond (BAGB). Basis Gold and Basis Gold Share can be farmable by depositing certain assets. In this system, Basis Gold is the stable coin considered to be valued at $1 while Basis Gold Share holders share the inflationary money supply of Basis Gold. In order to receive newly minted Basis Gold, Basis Gold Share holders have to stake in Boardroom. Basis Gold Bond may be purchased at a certain discount to maintain the stability of Basis Gold price with the assumption of future profits upon redemption.