SocialFi tokens have been the most volatile asset class. However, blended with meme-based themes, these tokens could become suitable assets for short-term gains while creating a large community that could give them long-term value. GoodEgg is a project that aims to blend the perks of decentralized social media with the quirks of meme coins.
The token of this ecosystem—GEGG—is available on presale. Will it be able to capitalize on its social aspects to grow in value?
What is GoodEgg?
The official website defines GoodEgg as more than just another meme coin – a meme coin with social dating benefits.
Claiming to become the world’s leading crypto community to virtually connect people whilst having a social impact, GoodEgg has chosen a red bird as its mascot.
This “Twitter-like” mascot showcases the project’s main goal, which might be to upend Twitter and become a social hub for meme coin lovers.
However, the dating aspect of this token has gained some attention from the crypto community, as evidenced by the project raising more than half a million via presale.
Social-Fi and Play-to-Date
One of the project’s highlighted USPs is the Play-to-Date feature, interwoven with other perks, including rare NFTs, unlocking levels, and building alliances with other members.
The whitepaper has dived deeper into how this mechanic works.
Essentially, GoodEgg’s Play-to-Date utility aims to create an ecosystem that connects players through cross-chain compatibility and allows them to participate in “speed dating” competitions.
GoodEgg aims to introduce gameplay features such as speed dating, match-the-pair, hot or not, and meet-and-greet.
All players will rate each other out of 10 based on their social interaction and earn GEGG tokens.
GEGG tokens can then be used as an investment asset or to buy in-game items, such as merchandise and subscriptions from the GoodEgg marketplace.
GEGG Token – Complete Tokenomics
Built on the Ethereum blockchain, the GEGG token has a total supply of 30 billion. 60% of the total supply is dedicated to the presale. 10% is for liquidity, 10% is for marketing, 5% is for ecosystem, 5% is for team and partners, and the final 10% is for listing.
The vesting period applies to every presale investor. GoodEgg has reportedly designed it to prevent last-minute sell-offs.
25% of the presale tokens will be released after every 7 days, starting from the 7th day of launch.
GoodEgg Price Prediction
GoodEgg establishes itself as a stand-out meme coin by providing a social utility. While it is too soon to say whether it can prove itself to be a solid competitor to Twitter, the pace at which its presale is proceeding suggests a bullish future for this project.
Short-Term Price Prediction
GoodEgg’s marketing and listing will affect its performance in the short term. The token’s imposed vesting period will also play a major role. With only 25% of the presale tokens released seven days after the presale’s conclusion, the GEGG price could surge significantly.
The market’s reaction to each release of stored presale tokens will determine its performance in the month following the launch. Under optimal market conditions, the GEGG price could increase by 2x to 3x.
Long-Term Performance
In the long term, GEGG’s performance will be determined by how receptive the community is to the project’s social dating platform. If it can capture the attention of blockchain-enthused youngsters, it could prove to be a good alternative to Tinder.
However, stagnation is also possible since the crypto market is uncertain, and the dating market already has many high-performing dating applications.
Crypto All-Stars – Another New Meme Coin That Offers Added Utility
Despite our long-term view of the token, the GoodEgg presale has proven that there is a market for SocialFi meme coins. This desire to break out of the “joke-based” mold is also one that Crypto All-Stars has, another presale that has captured the community’s attention through its MemeVault.
Crypto All-Stars aims to create a multi-meme coin ecosystem in which top-meme coins could be staked in return for hefty yields. Staking the STARS token—Crypto All-Stars’ native crypto—will triple the rewards.
https://x.com/all_stars_coin/status/1837881591974318225
The project’s retro pixelated look is another reason it has received attention from traders hunting out memetic value. It has resulted in Crypto All-Stars raising more than $1.5 million within a week of going live on presale.
Cilinix Crypto, a popular crypto YouTuber with over 70k subscribers, has recently discussed its potential.
“Eventually, this project may have a relatively big bump after launch,” said the YouTuber.
Crypto All-Stars is currently available for purchase at a discount price of $0.0014593. Those interested can visit the official website cryptoallstars.io.
