There’s a newly created digital asset that went straight to the moon the other day.
As the online publication, the Daily Hodl noted, crypto trader and popular strategist Josh Rager is keeping an eye on this coin that managed to surge by more than 6,200% in less than a month.
SHROOM could double in value in the next month
Rager posted on Twitter and said that he sees Shroom.Finance (SHROOM) doubling in value in the next 30 days.
$SHROOM is currently near $0.01 & if MEME can go from $30 to $1600 in one month
There’s no reason why SHROOM can’t go from current price to $0.50+ the coming month if Shroom bridges gaming, defi & NFTs
Especially as liquidity is added in the coming weeks as LPs will be rewarded
— Josh Rager 📈 (@Josh_Rager) September 21, 2020
Just in case you don’t know much about the new coin, according to its website, Shroom.Finance is a fork of the Sushiswap protocol.
The new digital asset is aiming to build community-owned DEXes that specialize in the $10-billion in-game asset industry.
“We foresee a future where in-game assets, fungible and non-fungible, trade freely in a decentralized fashion, and we are here to take that spot and facilitate the ownership to a community of gamers,” according to the notes.
Rager also made sure to address the emergence of the non-fungible tokens as the potential bullish catalyst for the new digital asset.
Let’s just say NFTs are one of the hottest trends to hit 2020
And Shroom Finance team is building a decentralised ecosystem for in-game assets trading and minting. This includes NFTs (ERC-721, ERC-1155) and ERC-20 token standards.
I’m really bullish on $SHROOM for long term
— Josh Rager 📈 (@Josh_Rager) September 21, 2020
At the moment of writing this article, SHROOM is trading in the green and the coin is priced at $0.237610.
Last update on Shroom
It’s just that all this news came out at once and I’m bullish on $SHROOM price long term
For Shroom Finance’s new dex “GameSwap” – they will start their 2nd round of farming soon
You’ll be able to take part in the launch via farming with your SHROOM https://t.co/f8ciB19PNo
— Josh Rager 📈 (@Josh_Rager) September 26, 2020
The coin is up by more than 21% in the past 24 hours.