- Gods Unchained stole the spotlight after topping the NFT collections ranking, courtesy of strong sales.
GODS registered a ‘God candle’ as whales demonstrated an interest in the project.
As a seasoned researcher with extensive experience in the cryptocurrency and NFT market, I have closely monitored the recent surge in activity surrounding Gods Unchained (GODS). The project has captured the spotlight after topping the NFT collections ranking due to strong sales.
In recent days, there’s been a significant uptick in engagement with the play-to-earn game Gods Unchained [GODS]. This development comes as the crypto market experiences a positive swing, following several weeks of stagnation.
As a researcher examining blockchain gaming trends, I’ve noticed an intriguing surge in Gods Unchained-associated actions. Notably, there has been a significant increase in transactions, particularly those involving in-game non-fungible tokens (NFTs).
Based on Cryptoslam.io’s data, Gods Unchained recorded the most significant NFT sales within the previous 24 hours, amounting to $761,618. This figure represents a 12.76% increase compared to the preceding period.
During the past 24 hours, there was a 68.65% increase in Gods Unchained transaction activity. Over the last week, this figure has risen by as much as 89%.
Gods Unchained: Who is driving the momentum?
The increase in the desire for Gods Unchained NFTs coincided with a heightened interest in the game’s native token, according to AMBCrypto’s examination. It appears that this trend was instigated by large investors or “whales.”
Large holders’ net inflow of GODS tokens amounted to 952,830 units over the past two days, according to the metric for significant token transfers.
What impact has this had on the Gods token’s price? Over the past week, there was a significant surge of 221%, with the majority of the increases taking place between the 15th and 16th of July.
This aligned with the surge in NFT trading activity that we observed during the same period.
Pump and dump, or the start of a major rally?
At the current moment, Gods’ chart indicated a trading price of $0.3696, signifying a 12.46% decrease over the past 24 hours. This downward trend follows an upward surge in the market during the week, suggesting some investors cashed in on their profits.
The dip also signaled that the momentum might not be backed by continuous demand.
Looking at the larger perspective of the price graph, AMBCrypto observed that this week’s significant price increase followed a rebound from close to its all-time lows.
Based on the latest whale actions, it’s worth monitoring the situation further to determine if this could potentially draw greater interest towards the GODS token and Gods Unchained game.
If so, there is a likelihood that the bullish momentum might be sustained for longer.
Having closely followed the cryptocurrency market for several years now, I’ve seen my fair share of price surges and subsequent downturns. While the recent upward trend of the GODS token and the resulting buzz is certainly intriguing, I believe it’s essential to keep things in perspective. From my experience, such fluctuations are common in this market, and we’re likely still far from reaching any significant milestones or sustainable growth.
Read Gods Unchained [GODS] Price Prediction 2024-25
During the 2021 bull market, the price of GODS reached a peak of $8.34. At the current moment, its value is 95% lower than its all-time highest point.
If the market continues to exhibit strong buying interest for the GODS token in the upcoming months, traders could potentially reap substantial profits from it. The ongoing popularity of the game serves as an encouraging indicator.
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2024-07-18 19:04