GODS token is making an attempt to get away and shut a weekly candle again above $1 to reclaim that earlier assist stage from earlier in 2022.
The GODS value now’s roughly $1 with an intraday vary of $0.70 – $1.40 and a present weekly excessive of $1.50. The weekly candle will shut in round twelve hours.
Today’s 30% pump alongside Bitcoin additionally shifting again to $30,000 ought to lead to GODS token closing this week with a powerful bullish inexperienced candle, engulfing the previous few weeks of bearish value motion.
Cryptoassets are a extremely risky unregulated funding product. Your capital is in danger.
What is Gods Unchained (GODS)
Fans of NFT buying and selling card video games might be aware of Gods Unchained – a digital buying and selling card sport developed by Magic the Gathering’s former sport director.
It makes use of the ERC-20 token GODS as its native foreign money, which can be utilized to create NFTs and make in-sport purchases – and GODS cash even have worth of their very own, not too long ago listed to purchase and commerce on Bitstamp exchange in April 2022.
Gods Unchained Price Prediction
GODS coin has already retraced round 97.5% in complete from the December 2021 GODS all time of $8.9, to its 2022 low of $0.22. A big a part of that correction was a results of BTC and ETH getting into a bear market for the reason that $69,000 and the $4,800 ranges.
Bullish Case for GODS
Play to earn cryptos have proven they’ll decouple from Bitcoin and go on explosive bull runs once they’re trending and fashionable with gamers – as Axie Infinity (AXS) confirmed with a 1660x bull run in 2021.
Last month P2E and NFT associated cash like APE and GMT outperformed the remainder of the crypto market earlier than lastly correcting – primarily due to panic promoting over the Terra (LUNA) crash and Tether FUD.
This week crypto video games platform Lucky Block (LBLOCK) was one of many greatest gainers and put in a 90% intraday value transfer.
Is GODS token subsequent? Will Gods Unchained go up in 2022? Even if additional draw back is to come, within the quick time period it might at the very least see some imply reversion to retest the $2 space – which might be double its present value level. The GODs value at present is above the diagonal trendline on the weekly value chart.
The GODS market cap at present is just $22 million – again at a low valuation, ranked #604 on Coinmarketcap. Low cap cryptos can pump simpler than mid caps.
Fundamental Analysis
Technical evaluation apart, GODS is pumping ever since their announcement to add royalty charges for Gods Unchained NFTs listed on OpenSea and different secondary NFT marketplaces.
That rewards creators, and the builders additionally introduced the GODS staking pool will obtain a part of the royalties. That provides an incentive to purchase and stake GODS, and is a means to make the GODS ecosystem extra sustainable.
The Gods Unchained sport is partnered with Coinbase, Galaxy Digital, Nirvana Capital and different funding funds, so it probably isn’t going away anytime quickly. The web site states its group of gamers numbers over 307 million.
Gods Unchained is an fascinating crypto gaming and NFT venture, you’ll be able to learn in regards to the tokenomics of $GODS on godsunchained.com and the way it works with the Layer-2 Immutable X blockchain.
Immutable X (IMX) can also be on Bitstamp and up over 10% at present.
Bearish Case for GODS
Only 5% of the GODS circulating provide is unlocked. Today 23.6 million GODS tokens are in circulation out of a complete provide of 500 million GODS.
The Gods Unchained value has been in a transparent bear cycle for nearly six months, merchants may need to ‘look forward to affirmation’ which right here could be a number of weekly candle closes above the $1 assist stage, which might additionally imply a inexperienced month-to-month candle shut for May 2022. Then continuation to the upside could be extra probably over the remainder of the 12 months.
The GODS pump this week may very well be a brief squeeze and finish up as a bearish retest of the $1 stage, if earlier assist is flipped into new resistance. It additionally already pumped in 2021.
Where to Buy GODS Now
Gods Unchained token is listed at a number of crypto exchanges:
Gods Unchained shouldn’t be on Binance but which some would argue is a purpose to purchase GODS – in anticipation of a Binance itemizing pump. It’s additionally not but on eToro.
GODS pumped to its present ATH in December 2021 when it was listed on Coinbase.
Cryptoassets are a extremely risky unregulated funding product. Your capital is in danger.
https://www.business2community.com/crypto-information/gods-unchained-value-prediction-2022-02496602
