- 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.
Play-to-earn game Gods Unchained [GODS] has experienced a surge in activity in the last two days as the crypto market enjoyed some bullish relief. This contrasted with the slow situation that has gripped the market for weeks.
Recent data indicated a strong uptick in Gods Unchained-related activity. This included transaction activity, especially in relation to in-game NFTs.
According to Cryptoslam.io, Gods Unchained had the highest NFT sales in the last 24 hours at $761,618. This represented a 12.76% uptick during the same period.
Source: Cryptoslam
The number of Gods Unchained-related transactions rose by 68.65% during the same 24-hour period and to 89% in the last seven days.
Gods Unchained: Who is driving the momentum?
The surge in demand for Gods Unchained NFTs correlated with the demand for the game’s native token. AMBCrypto’s analysis revealed that the robust momentum was whale-driven.
The large holders net flow metric revealed that large holders net flows surged by 952,830 GODS in the last two days.
Source: IntoTheBlock
But how has this affected the GODS price? The token pulled off an impressive 221% uptick in the last seven days, with most of the gains occurring between the 15th and the 17th of July.
This aligned with the surge in NFT trading activity that we observed during the same period.
Source: TradingView
Pump and dump, or the start of a major rally?
GODS’ chart revealed that its price traded at $0.3696 at press time, which represented a 12.46% dip in the last 24 hours. So, there was some profit-taking after the bullish bounce this week.
The dip also signaled that the momentum might not be backed by continuous demand.
Zooming out on the price chart, AMBCrypto discovered that the massive price surge this week occurred after bouncing from near its lowest historic levels.
Therefore, we will continue observing to see if the recent whale activity may attract more attention towards the GODS token and the Gods Unchained game.
If so, there is a likelihood that the bullish momentum might be sustained for longer.
In summary, although the recent price surge and the associated demand for the GODS token has triggered some excitement, there is still a long way to go.
Read Gods Unchained [GODS] Price Prediction 2024-25
GODS peaked at $8.34 during the 2021 bull run, and it traded at a 95% discount from its all-time high at press time.
Therefore, the GODS token may offer significant gains for traders if it sustained robust bullish demand in the next few months. The fact the game is still registering healthy activity is a good sign.
This news is republished from another source.
