GoodEgg Price Prediction for the New SocialFi Meme Coin $GEGG

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 while 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.