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Highlights
- GODS crypto is a unique free-to-play tactical card game token that aims to offer true ownership of in-game items.
- The GODS token allows the users to trade their digital collectables and compete with other players on the network.
- The 654th ranked GODS token was trading at US$1.20 with a trading volume of US$17,041,037 over the day, as per CoinMarketCap.
Ever since CryptoKitties debuted as the first blockchain-based game in November 2017, the market has been expanding at an impressive rate. Today with the likes of Decentraland, The Sandbox, Axie Infinity etc., in circulation, the market has become a huge industry. The play-to-earn market stands at US$16,449,792,028 with a trading volume of over US$3,237,657,717 as per CoinMarketCap.
Now another player Gods Unchained (GODS), is making its presence felt with a sharp rally on Tuesday. GODS crypto is a unique free-to-play tactical card game that aims to offer true ownership of in-game items. The GODS token allows the users to trade their digital collectables and compete with other players on the network.
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Dubbed as one of the most prominent crypto-infused games, the token on 8 March has witnessed a price rally of over 14% and a volume gain of over 75% (as of the time of writing).
Why is Gods Unchained rallying?
The Gods Unchained token is rallying following the news of Immutable X protocol raising US$200 million in a Series C funding round. Immutable is one of the drivers of the Gods Unchained NFT game, and this development will allow the GODS token to build more exciting opportunities within Gods' ecosystem.
Besides, the GODS' team on 7 March gave a sneak peek into the new The Core Set Refresh cards. The new set of 70 cards is expected to bring a change to the original set GODS' pack.
Powered by the Ethereum protocol, the Gods Unchained token has been redefining how play-to-earn games are played and how the gamers earn money. Using Ethereum's smart contract technology, the users can mint NFTs and earn additional income.
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How is The Gods Unchained token faring?
The 654th ranked GODS token was trading at US$1.20 with a trading volume of US$17,041,037 over the day, as per CoinMarketCap. At the time of drafting, it was up by 14.30%, with a live market cap of US $28,476,350 and 23,660,714 GODS coins in circulation.
Today's gain is heartening to see, considering that it has been witnessing a bearish trend over the past few weeks. In fact, it was down by 14.5% in the past week.
Conclusion
One can say that God Unchained was waiting for such a development that it could move out of the bearish phase. The coming days will be crucial for the protocol as market participants expect it to sustain the rally.
While the rally could be a good sign, one mustn’t jump to conclusions that it would continue. As cryptocurrencies are a highly volatile asset, it's critical that one thread carefully in the domain and do their respective market research before making any decisions.
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