Army of Fortune Gem (AFG) Price Prediction

Deep Dive

1. Tokenomics & Supply Pressures

AFG’s self-reported circulating supply is 38M (3.8% of max 1B), creating scarcity-driven volatility. The May 30 donation of 170M AFG (17% of total supply) to Walnut Capital’s subsidiary (ChainCatcher) temporarily reduced sell pressure, but concentrated ownership (top 10 wallets hold 73.8%) risks sudden whale-driven dumps.

2. Technical Outlook

• RSI 7-day at 99.4 (deeply overbought) suggests high correction risk
• MACD bullish crossover (0.000525 vs. 0.000107 signal line) shows momentum, but diverges from RSI warning
• Key Fibonacci support at $0.0045 (78.6% retracement), 61% below current $0.0112

3. Adoption & Utility Catalysts

As AOFverse’s governance token, AFG’s value ties to platform engagement:
- DAO voting participation
- Treasure Chest purchases (in-game utility)
No major upgrades or partnerships are confirmed post-donation, leaving adoption metrics critical.

Conclusion

AFG’s trajectory hinges on whether DAO engagement justifies its 279% weekly surge amid technical froth and whale risks. Will AOFverse’s user growth outpace sell pressure from top holders?