Nfts
Gods Unchained Dominates NFT Sales: Full Throttle for GODS?
- Gods Unchained stole the spotlight after dominating the NFT collections chart, thanks to strong sales.
- GODS recorded a “divine candle” as whales expressed interest in the project.
Play-to-win type game The Gods Unleashed [GODS] The cryptocurrency market has seen a surge in activity over the past two days as the cryptocurrency market has enjoyed some bullish relief. This is in contrast to the sluggish situation that has gripped the market for weeks.
Recent data indicates a sharp increase in activity related to Gods Unchained. This includes transaction activity, particularly regarding the game’s NFTs.
According to Cryptoslam.ioGods Unchained recorded the highest NFT sales in the last 24 hours at $761,618. This represents a 12.76% increase over the same period.
Source: Cryptoslam
The number of transactions related to Gods Unchained increased by 68.65% in the same 24-hour period and by 89% in the last seven days.
Gods Unchained: Who is behind this dynamic?
The surge in demand for Gods Unchained NFTs is correlated with demand for the game’s native token. AMBCrypto’s analysis revealed that this robust momentum was driven by whales.
The Large Holders Net Flow Indicator revealed that large holders net flows increased by 952,830 GODS over the last two days.
Source: IntoTheBlock
But how has this affected the price of GODS? The token has seen an impressive 221% increase over the past seven days, with most of the gains occurring between July 15 and 17.
This is in line with the increase in NFT trading activity we have seen over the same period.
Source: TradingView
Pump and dump, or the start of a major rally?
The chart for GODS revealed that its price was trading at $0.3696 at press time, which represents a 12.46% decline in the last 24 hours. So there was some profit-taking after this week’s bullish rally.
This decline also indicates that the momentum may not be supported by continued demand.
Zooming in on the price chart, AMBCrypto discovered that this week’s massive price surge occurred after bouncing near its all-time lows.
Therefore, we will continue to observe to see if the recent whale activity can attract more attention towards the GODS token and the Gods Unchained game.
If so, the upward momentum is likely to continue for longer.
In summary, while the recent price surge and associated demand for the GODS token has generated some excitement, there is still a long way to go.
Read The Gods Unleashed [GODS] Price forecast 2024-25
GODS peaked at $8.34 during the 2021 bull run, and was trading at a 95% discount to its all-time high at press time.
Therefore, the GODS token could offer traders significant gains if it maintains strong bullish demand over the coming months. The fact that the game is still recording healthy activity is a good sign.