We explored the top 5 trending crypto coins on Google today and reviewed each project to determine the reason for their hype. Since these coins are getting a lot of attention, could now be the time to place a buy position?
Google trends revealed a spike in several crypto searches that people are interested in. Usually when a crypto coin gets a lot of attention, it’s because the price is pumping or investors bought into a project that ended up being a rug-pull. The latest coins trending fall into one of those or similar categories.
Gods Unchained (GODS) is way below its all-time high(ATH) of $8.98, set on 10 December 2021. The coin made a new low on 11 May 2022 of $0.23 before a massive bounce of 520% to reach $1.40. GODS has definitely been volatile and at the moment has retraced to $0.62. But could its low price and hype signal a buy position?
Gods Unchained is a trading card game based on the Ethereum blockchain, allowing players to battle for control of mythical creatures. The project is led by Chris Clay, former game director of Magic: The Gathering Arena. More than $52 million of cards have been exchanged, and its tournament prize pool is $570,000.
One reason the game has received so much attention is that players get complete ownership of in-game items. They also collect rare cards, build decks and sell cards to other players.
Cryptoassets are a highly volatile unregulated investment product.
DFI Money (written DFI.Money, with the ticker symbol YFII) investors enjoyed a nice pump of around 400% from mid-2021 to the end of August 2021, when the coin set an ATH of $7,760. It’s been in a downtrend since then, setting new lows in May 2022.
YFII is a fork of Yearn.Finance (YFI) – a platform that enables users to deposit and stake ERC-20 tokens to receive daily interest. YFII is an Ethereum token, governing the DFI.Money platform. It helps players earn returns for tokens deposited on the platform.
On 25 May 2022, investors watched the YFII price dump by 70% from $1,227 to $312 in an hour. Speculation grew on social media that DFI Money lured investors in by promising a high annual percentage yield (APY), only to abandon the project. The price bounced to $940 in a few hours and opened the following day at $755.
Binance announced in April 2022 its intention to delist YFII / USDT margined contracts.
Cryptoassets are a highly volatile unregulated investment product.
Terra is a Cosmos-based protocol powering algorithmic stablecoins aiming to maintain their peg using the LUNA coin.
TerraUSD (UST) held its stablecoin monicker and value against the dollar for about 18 months before it unpegged. The uncoupling caused investors to panic, resulting in a crash of UST and LUNA. On 9 May 2022, LUNA dropped from $64 and to several pennies days later.
UST is not backed by dollar reserves to remain pegged to the fiat currency. It uses LUNA to maintain its value. But Terra backers voted to revive LUNA, calling the project Terra 2.0. Could now be the time to buy?
Cryptoassets are a highly volatile unregulated investment product.
Radicle is a peer-to-peer code collaboration, enabling code sharing without relying on a third party. Built on Git, Radicle has no central servers and is backed by a public-key crypto.
The RAD token enables reduced or zero fees when interacting with Radicle smart contracts. RAD has seen its fair share of volatility in the last few days. On the Kraken exchange, RAD spiked 88% in two days from just under $2 to $3.6 in May 2022.
The price topped on 26 May 2022 and has been in a downtrend since but saw a nice bounce after setting a new low. Currently trading at $2.19, RAD could have another massive pump. Buyers might be thinking that it’s a good time to step in.
Cryptoassets are a highly volatile unregulated investment product.
Lucky Block offers crypto games a competition platform with play-to-earn rewards using blockchain protocols. Players use the Lucky Block token (LBLOCK) to get faster prize payouts with tracking and recording.
Lucky Block announced a launch of crypto-based jackpot prize draw on 30 May 2022, with the winner selected the following day. The jackpot winner will receive a $1 million prize. Lucky Block will also pick a winner from its NFT owners pool, and the winner will receive a $1 million prize.
Lucky Block Crypto & NFT Prize Draw
Where to Buy Terra Luna – Beginner’s Guide
Gods Unchained Price Prediction – Back to $1, up 30% Today
Next 10x Crypto – Lucky Block (LBLOCK)
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This article was written for Business 2 Community by Anthony Layton.
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