Gods Unchained (GODS) is up over 66% in price today, setting a new all-time high and making it the biggest gainer on Crypto.com. Let’s take a closer look at what Gods Unchained is precisely and why the price is rising so much today.
What Is Gods Unchained?
Gods Unchained is a free-to-play trading card game that uses the play-to-earn model. Using blockchain technology and implementing NFTs, Gods Unchained allows users to sell their cards for real-world value while providing full ownership for each user.
Think of Gods Unchained as the blockchain version of Hearthstone built on Ethereum. While some might call Gods Unchained a Hearthstone clone, others call it the necessary evolution of Blizzard’s flagship digital TCG.
Why Is Gods Unchained Price Rising?
The big news for Gods Unchained is the Coinbase listing. Coinbase announced yesterday that it would support the ERC-20 version of Gods Unchained. Users will be able to buy and sell GODS on Coinbase and Coinbase Pro.
In response to the listing, Gods Unchained set a new all-time high of $8.7 less than 24 hours later.
GODS is trading at $7.7, up over 50% in the past 24 hours at the time of writing. Its market cap is $182 million with a 24-hour trading volume of $142 million.
GODS has a total supply of 500 million and a circulating supply of 23.6 million. You can purchase GODS on Coinbase, FTX, KuCoin, Bybit, Crypto.com, Uniswap, and more.
A $182 million valuation is quite conservative for Gods Unchained. It’s an undervalued project that could easily 5x or even 10x in price. If you haven’t yet, make sure to check out their official website and sign up to play the game for free.
The design of the game and website is some of the best on the market, and it wouldn’t be surprising to see Gods Unchained reach a $1 billion valuation in 2022. However, Gods Unchained is also not unique in terms of the concepts that it provides.
Other blockchain-based games attempted to run with the Hearthstone model, with one example being Zombie Battleground by Loom network. Unfortunately, it looks like development for the platform has stopped, which is quite disappointing given how much time and effort was spent on the project. For a story about what happened to Zombie Battleground and the sad demise of its team, check out this Reddit thread.
Gods Unchained is much farther in its development cycle than Zombie Battleground ever was and includes a much larger player base. Overall the long-term outlook on Gods Unchained is exceptionally bullish.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.