NFTs just had their worst performing year since 2020: DappRadar

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 15 2025

GODS+0.31%

PENGU-1.971%

Should l Buy GODS?

NFT Market Performance in 2024: The NFT market experienced its worst trading volume and sales since 2020, with a 19% drop in trading volumes to $13.7 billion and an 18% decline in sales counts to under 50 million, largely due to volatility and rising token prices.
Dominance of Gaming NFTs: Gaming-related NFTs led in sales count, with Epic Games' "Gods Unchained" achieving $152 million in sales, while Pudgy Penguins emerged as the top collection by trading volume, highlighting that NFTs with real-life utility continue to perform well despite overall market declines.

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Technical Analysis for GODS

Technical Sentiment Analysis for Gods Unchained (GODS) As of , Gods Unchained (GODS) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for GODS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, GODS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Gods Unchained (GODS) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0123	0.0235	0.033	0.0441	0.0537	0.0648	0.0743
Fibonacci	0.0235	0.0314	0.0362	0.0441	0.052	0.0569	0.0648

About GODS

Gods Unchained is a free-to-play tactical card game that gives players true ownership of their in-game items. Led by the former game director of Magic The Gathering: Arena, the game focuses on competitive play, which means players must strategically outsmart their opponents by building decks that are able to combat a wide variety of tactics. In Gods Unchained players completely own their digital items, giving them the freedom to trade, sell and use their cards any way they like – just like owning real, tangible cards.GODS is an ERC-20 token used as premium currency within the GU ecosystem. The tokens will be used to:Create an NFT.Used within the marketplace and for in-game purchases.Distributed as a reward to players.To learn more about this project, check out our deep dive of Gods Unchained.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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