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Gods Unchained (GODS) price prediction: Coinbase listing gives a boost

By Mohadesa Najumi

Edited by Jekaterina Drozdovica

08:25, 20 January 2022

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Russia Moscow 30.05.2021.Logo, screenshot of blockchain nft ethereum cryptocurrency game Unchained gods in laptop.mobile phone. Man playing,collecting cards,crypto coins. Digital money. Lands,heroes.
Gods Unchained (GODS) price prediction: Coinbase listing gives a boost – Photo: Shutterstock

Powered by the Ethereum blockchain, Gods Unchained is a free-to-play digital trading card game. Users can purchase, sell or trade fantasy cards and earn rewards by participating in duels. 

Ownership of cards is guaranteed by self-executing smart contracts. The game comes complete with several pre-built decks. Gods Unchained features in-game collectibles such as cosmetic skins and weapons. All gameplay occurs off-chain, incurring no transaction fees. 

Fantasy cards can be bought and sold through Immutable X, the game studio behind Gods Unchained, or on the TokenTrove marketplace. According to the Gods Unchained’s whitepaper, their online marketplace offers full digital ownership of in-game items through an ERC-721 token standard, concomitant with the ability to embed such items into third party games. 

All Gods Unchained digital assets are available on Immutable X, a Layer-2 scaling solution for non-fungible tokens (NFT) that offers gas-free NFT minting and trading at scale. Overall, Gods Unchained uses a games-as-a-service (GaaS) business model. 

GODS CRYPTO PRICE FORECAST

What is Gods Unchained?

GODS is the ecosystem’s native token. It enables players to purchase and sell Gods Unchained NFTs. Importantly, the fantasy cards represent actual tokens and can be traded as such. The Trial of the Gods set contains the following cards:

  • 60 Common cards 

  • 48 Rare cards

  • 16 Epic cards

  • 26 Legendary cards

There is a finite amount of Trial of the Gods cards. Each one possesses a rarity score, which is displayed on the coloured crystals on either side of a card’s nameplate. For example, purple coloured crystals represent Epic cards. 

It’s worth noting that 23% of all Genesis cards, a limited edition set of 380 cards, are classed as rare. Also, Gods Unchained added an additional Sanctum feature to gameplay in 2020, which offers players five side-decks. 

In total, 34% of all GODS tokens are reserved for the play-to-earn rewards pool. Meanwhile 20.5% of all tokens have been set aside to fund community engagement ventures. Users can earn rewards through the staking rewards pool.

The number of tokens staked is measured by the lowest amount held by a user in their Immutable X account during the seven day reward interval period. In addition, GODS token holders can also vote on proposals through governance processes. 

GODS price analysis: Technical view

The GODS coin started its journey in October 2021. It achieved an all-time high of $8.83 on 10 December 2021. On 4 December, GODS had been trading at $4.1467.

This jump could be somewhat attributed to GODS being listed on Coinbase just a day prior to achieving its all-time high. On 8 December 2021, Coinbase announced that it will be accepting inbound transfers of GODS to Coinbase Pro. However, Coinbase only accepts ERC-20-compatible GODS tokens. 

Gods Unchained to USD, 2021-2022

GODS rallied again a few days later, moving closer to a $8 level on 17 December at $7.3758. This rally coincided with Gods Unchained hosting an AMA on SushiSwap that same month

However, after a dip to $5.4927 on 20 December 2021, GODS fell again to $4.3103 on 30 December, wiping out just under a quarter of its value in ten days. That’s somewhat of a sharp drop considering that the coin had hit its all-time high just 20 days earlier. 

The GODS price has since consolidated and is currently (19 January) trading within the $2 to $4 range. The blockchain-powered game has a 30-day sales volume of $8.47m, with more than 23,000 traders having bought or sold Gods Unchained NFTs in upwards of 1.49m transactions, according to data from DappRadar

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Long position overnight fee -0.0086%
Short position overnight fee -0.0054%
Overnight fee time 22:00 (UTC)
Spread 0.03

BTC/USD

17,281.70 Price
+2.350% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 22:00 (UTC)
Spread 66.00

XRP/USD

0.40 Price
+2.980% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 22:00 (UTC)
Spread 0.00426

Natural Gas

5.87 Price
+1.780% 1D Chg, %
Long position overnight fee 0.0548%
Short position overnight fee -0.0820%
Overnight fee time 22:00 (UTC)
Spread 0.005

GODS is currently (19 January) trading at around $3.18. It ranks 480th in the list of cryptocurrencies by market capitalisation at $75m, according to CoinMarketCap.

Gods Unchained to USD, December 2021- January 2022

Technical analysis provided by CoinCodex shows that short-term sentiment on GODS is bearish, with 4 indicators displaying bullish signals compared to 14 bearish signals, at the time of writing (19 January). 

The daily simple and exponential moving averages are giving sell signals, according to data from TradingView, while the relative strength index (RSI) stands at 41, as of 19 January. An RSI reading of 30 or below indicates an oversold or undervalued condition, while a reading above 70 would suggest the asset is becoming overvalued or overbought. 

Close to half a million users 

In September 2019, Immutable X raised $15m in a series A funding round led by Naspers Ventures in order to develop the game. Gods Unchained has since amassed over 450,000 users - 50,000 of which are weekly active users.

In other Gods Unchained coin news, there are over 13 million Gods Unchained NFTs. Since March 2021, the project has seen more than $25m worth of assets being traded between users on Immutable X. At the start of 2020, the project had 100,000 registered players. That’s a 350% increase in just over two years. 

A major plus for the Gods Unchained game is that its project consists of 50 team members, some originating from top tier companies such as Goldman Sachs (GS) and Riot Games. The team is led by Chris Clay, former game director of Magic, who has several years’ experience creating game systems. Gods Unchained has hosted weekly play-to-earn events, which have boosted the project.

“Gods Unchained is a blockchain-based free-to-play trading card game where players need to combine cards in order to build in-game decks,” Milko Trajcevski, a financial analyst at Invezz, told Capital.com. 

“Despite reaching an all-time high recently on 10 December 2021 at $8.83, GODS is currently hovering around the $3 range. However, I believe it could reach $4 by the end of February 2022 as adoption increases for blockchain-powered games and new card sets are introduced to the Gods Unchained ecosystem.”

A risk for the project lies in the server outages that can be inherent with triple-A games, leading Gods Unchained to rearrange its backend data through a 0.42 game update enacted at the end of 2021

A number of Reddit community threads have arisen in light of Gods Unchained server outages on the game’s pre-built decks. 

Gods Unchained coin prediction: Buy, sell or hold?

In terms of a Gods Unchained crypto prediction, algorithm-based forecasting service Wallet Investor gave a negative GODS/USD outlook. Based on historical data, Wallet Investor estimated the price rising to $2.948 by February 2022, reaching $0.118 in January 2024 and hitting $0.116 by January 2025.

Digital Coin Price provided a bullish GODS forecast, expecting the Gods Unchained token to rise to $4.30 in February 2022, $5.18 in 2023, $5.91 in January 2025 and $10.58 in January 2028.

While the Gods Unchained price prediction for 2030 is not yet available, Digital Coin Price suggested it could be $14.09 in December 2029.

Note that predictions can be wrong. Forecasts shouldn’t be used as a substitute for your own research. Always conduct your own due diligence before investing. And never invest or trade money you cannot afford to lose.
 

FAQs

Is the Gods Unchained coin a good investment?

Whether GODS is a good investment for you depends on your personal circumstances and risk appetite. Cryptocurrencies are high-risk assets. You should do your own research and  evaluate the level of risk you are prepared to accept before investing. Never invest money you cannot afford to lose.

How high can the Gods Unchained coin go?

While the GODS coin achieved its all-time high of $8.83 on 10 December 2021, the prospect of GODS trending higher may largely depend on the token achieving broader adoption.

Will the GODS coin reach $10?

Based on GODS price predictions from Digital Coin Price, the coin could reach $10 within the decade. Digital Coin Price predicts the price to hit $10.58 in January 2028. Note that predictions can be wrong. Forecasts shouldn’t be used as a substitute for your own research. Always conduct your own due diligence before investing. And never invest or trade money you cannot afford to lose.

Read more: Bitcoin analysis: Where is BTC heading in 2022?

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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