Blockchain and crypto games were among the hottest topics in 2021 besides NFTs. Everyone was playing a blockchain game and trying to enjoy what it means to be the owner of your items, characters, and earn tokens throughout the way.
Gods Unchained (GODS) is one of the most popular blockchain-based games you can currently find online. GODS is the token used by this project. But what are the main prospects for this digital asset for the next few years?
Gods Unchained is a unique blockchain-based card game that lets users become the owner of their cards as they play. These cards represent different items in the game, which would allow players to move forward and compete against different opponents.
The best at creating a competitive team with unbeatable strategies would be the one to receive the reward. Additionally, users can exchange their items and trade them online. This would give users the possibility to feel they are playing with real cards that can be exchanged for others.
This game runs on top of the Ethereum (ETH) network.
GODS is the virtual currency that powers the Gods Unchained game. Like most cryptocurrencies, GODS has a volatile price and it can be purchased on a large number of crypto trading platforms.
Its price has been quite stable between October and December 2021. This shows that there was a strong interest for this digital asset throughout the last months of 2021. This could also be related to the fact that the whole cryptocurrency market was in a bull trend and Bitcoin (BTC) hit an all-time high of $69,000.
Despite that, the market entered a bear trend that pushed GODS below $1 per coin at the end of April 2022. Hence, there has been a sell-off that harmed the value of this digital currency and the players that hold this token.
Let’s get the highs and lows for GODS since December 2021 until today:
December 2021 high and low: $6.84 – $3.34
January 2022 high and low: $7.26 – $2.67
February 2022 high and low: $3.42 – $1.81
March 2022 high and low: $1.89 – $1.03
April 2022 high and low: $1.74 – $0.96
May 2022 high and low: $1.15 – $0.27
June 2022 high and low: $0.88 – $0.40
These prices are simply a reflection of the entire cryptocurrency market and how it has affected alternative digital currencies such as GODS. Nonetheless, this has been a very standard performance compared to other virtual currencies in the market.
It is now time to see what analysts say about this virtual currency and whether its price could continue growing in the future.
- This cryptocurrency analyst was able to predict a breakout of the downward trend that started for GODS at the end of 2021. After the breakout, however, there was a retest of the downward trend, and the coin continued its move lower towards the current $0.54.
2. This GODS/USDT trading analyst saw the $3.3 level as a key resistance price point for GODS. Indeed, the virtual currency confirmed its downtrend once it was rejected from this key weekly level. Other important price levels shared by the analyst included $4.02, 6.17 and $7.5.
3. For Shivaraax, GODS was also in a downtrend that followed the same trend as for other analysts. Indeed, he drew the same trendline as many others, showing that there was a very important resistance level for this digital asset throughout the whole bear trend. However, the market broke downwards and it pushed the price of GODS even lower.
4. This analyst says that GODS is currently trying to put in a higher low after pumping in recent weeks. As he explains, these are tokens that investors should carefully buy for the long term rather than the short term. Key levels include $0.4454, $0.8392 and $1.03.
5. This GODS/USDT analyst had a similar point of view as previous experts. He showed that GODS was in a bear trend and that there was a possibility for this digital currency to break above that downward channel. Even when the coin broke out from the channel, the market tanked in May and pushed the price of this virtual currency lower.
First of all, you should know that there are 500 million GODS tokens available. Its supply has been created to offer users the possibility to engage with the platform and have a unique experience while playing this blockchain-based game. The team behind this project allocated some of the coins to developers while others remained as incentives for the community.
As per Gods Unchained, this ERC-20 token is used to craft new non-fungible tokens (NFTs) on the platform, purchase packs from Gods Unchained (through the marketplace), and earn an even larger number of rewards by holding the tokens.
It is also worth taking into consideration that these coins can also be used as governance tokens. Therefore, those users that are interested in having a larger influence on the platform can also hold the tokens to vote for different proposals.
It is extremely difficult to be bullish for GODS or any other virtual currency during a bear market. Especially when most analysts could not predict a bottom for this or other digital assets. In general, most analysts consider that there could be a bull trend somewhere in the next few years, which could be very positive for GODS and other virtual currencies.
Now, if the market has bottomed in recent weeks, we could see a period of consolidation. That means that it could be a good opportunity for investors that believe in this project to plan their entries to the market. Remember that we are not financial advisors and that all the information shared in this post is for educational purposes only. Never invest more than what you are able to lose.
If the market continues to behave in the same situation as in recent weeks, we could see GODS being traded close to $1. If a new bull market starts, then there will be a trend higher and we could see $3 or even $5 by the end of the year. But this is highly dependent on the general conditions of the market.
Yes, GODS could eventually reach $10 as long as there is a new bull market that would push virtual currencies higher. It is important for this project to continue offering solutions to investors and players from all over the world if it wants to remain as active as it is now. The community is going to play a key role in the future of this digital asset.
This does not mean, however, that there is a 100% chance for it to happen. The cryptocurrency industry is quite volatile. We have seen projects register very high price levels and then retrace to their previous regions. GODS could reach $10, but there are many conditions that have to be fulfilled in order for this to happen.
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