Why is Guild of Guardians’ GOG Pumping? Price Action and Fundamentals Align for more Bullish Momentum
Guild of Guardians (GOG) has surged over 30% today, and 50% in the past 7 days. According to Crypto Analyst Cryptolouca, it is expected to see “a 100% move to the topside within the next week or so.” The recent price action shows GOG broke out above $0.097 resistance 3 days ago, successfully retested support at that level, and has since started pumping upwards. The price currently sits around $0.13, with analysts predicting it could go even higher.
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What Fundamentals are Driving Demand for GOG?
Guild of Guardians is a multiplayer fantasy action RPG built on the Immutable X platform. As X user Thatgharry explained when he added GOG to his “long-term holdings,” it is a “P2E game built on Immutable $IMX.” The game aims to become the world’s most popular RPG by offering players the chance to assemble a team of powerful Guardians and earn rewards.
Alter_Eg0xL1 noted GOG has “been in accumulation zone for more than a year.” But strong fundamentals now appear to be driving new demand. Specifically, Guild of Guardians creates “a captivating in-game economy” with its mobile gameplay and play-to-earn mechanics.
Regional Test Launch Driving Excitement
Beyond strong tokenomics, excitement is building around Guild of Guardian’s upcoming gameplay launch. As Alter_Eg0xL1 pointed out, the game is “ready to ship 2024 with Q1 Regional test launch.”
Not only that, but he said the demo has been “very very positive with outstanding player retention rate.” This suggests Guild of Guardians will likely see surging interest as more gameplay comes online in 2023.
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With strong price action signaling trader excitement, plus robust project fundamentals and an anticipated regional test launch just months away, conditions appear ripe for Guild of Guardians’ GOG token to see further bullish momentum this year. The influx of new gamers enjoying Guild of Guardians’ captivating fantasy world may continue propelling GOG higher through 2023 and beyond.
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