GameFi has been a hot topic in 2023, but strong early year performance by tokens in this vertical has flipped to bleed out price action with Gods Unchained (GODS) among the worst hit.
The hopes of a community rest on GODS make-or-break +9.3% bounce off baseline lower trend support, after a catastrophic retracement swept away a +90% February rally.
With a monthly (MoM) loss now sat at -11%, and only a modest 4% increase year-to-date (YTD) from the depths of a bleak crypto winter, GODS market trajectory leaves much to be desired as price action continues to tumble.
Worryingly, technical indicators do not provide any solace for Gods Unchained players.
As the GODS token fights to reclaim critical support above the 20-day moving average, the oversold RSI of 43 suggests caution. Indeed the rapid heating of the RSI, coupled with the bearish MACD of -0.0011, further dims hopes of a breakout rally.
While Gods Unchained's enthralling gameplay and vast collection of over 1,500 unique cards continue to captivate players, the token's market performance raises concerns about its future.
In stark contrast, Love Hate Inu (LHINU) has captured the hearts and wallets of crypto enthusiasts.
With an impressive $7,354,135.18 raised in a sensational presale, the hype surrounding LHINU is palpable.
Love Hate Inu distinguishes itself from other meme coins by harnessing the power of its Vote-2-Earn platform - a genuinely utile use case that could see the ecosystem gather immensely valuable consumer preferences data.
This ingenious system blends meme coin tokenomics with blockchain-based voting, offering users a chance to stake LHINU tokens and participate in indelible polls on trending topics, all while earning rewards.
The platform's robust security and
Read more on cryptonews.com