๐๐ฎ Is It Too Late to Buy GALA? GALA Price Rockets 80% ๐ฎ๐
GALA rises by 13% in the last 24 hours, with the Gala price reaching $0.07852 on a day when the overall market records a 2% increase.Wondering if buying GALA now is a good idea? GALA’s price soars by 80% as the new coin gains viral popularity on X.
By Simon Chandler, Last updated: March 11, 2024 09:15 EDT, 3 min read
GALA has risen by 13% in the past 24 hours, with the Gala price reaching $0.07852 on a day when the market as a whole posts a 2% rise.
This means that GALA has recorded an impressive 80% increase in just over a week, with the gaming utility token also rising by 220% in the last 30 days.
Yet whatโs particularly bullish about Gala is that itโs still 90% down from its current ATH of $0.8248 (of November 2021), so it still has plenty of space to rise further in the near and more distant future.
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๐ Is It Too Late to Buy GALA? GALA Price Rockets 80% ๐
GALA is currently one of the hottest coins in the top-100, with its chart and indicators reflecting its momentum.
Such momentum has really only just begun, so even if its relative strength index (purple), for example, is in an overbought position, it can afford to remain in such a position for a while yet.
Source: TradingView
Similarly, GALAโs 30-day moving average (yellow) formed a golden cross with the 200-day average (blue) only a couple of weeks ago, inaugurating a period of growth that may last for the next few weeks, if not longer.
GALAโs trading volume is also positive, reaching $1.5 billion today, a figure which represents an 800% increase over the level it reached barely a few days ago.
Thereโs a clear reason for this increase, aside from the general bullishness of the wider crypto market.
In particular, Gala launched the GalaSwap DEX at the end of last month, while the last week brought a number of improvements, further boosting adoption.
This launch has attracted a substantial increase in Gala usage, which was already popular as a decentralized gaming and media platform.
And now that crypto has entered a new bull market, the increased exposure and attention could lead to significant genuine adoption for Gala, which also partnered last week with Alienware and Amazon Web Services for a gaming hackathon.
Combined with the intensifying bull market, the Gala price is likely to continue rising over the next few weeks.
It could reach $0.1 in the next month or so, before touching $0.3 or $0.4 by the summer.
๐ฎ New Coin Goes Viral on X ๐ฎ
Assuming that GALA may have already peaked during the current cycle, some traders may prefer to look to newer, smaller-cap tokens.
While the market is currently awash in new coins (many of which are entirely disposable), there are a handful that look very promising at the moment.
This includes Smog (SMOG), which has risen by 8% in the past 24 hours, amid growing interest in the token on X and on the Birdeye and Jupiter DEXes.
Even more impressively, the Ethereum- and Solana-based token has actually gained by 15,000% since its listing at the start of February, with the chart below showing a sustained growth in its price.
Source: Birdeye/TradingView
Volumes have also remained impressive for such a new and low-cap token, with SMOG owing its recent good fortunes to its novel airdrop system.
Whatโs interesting about this system is that it will hold a series of drops over the next few weeks, with each of these awarding a higher number of coins to holders with the biggest SMOG holdings.
In other words, itโs providing clear incentives to traders to hold onto more of it for longer periods, as its staking system, which currently awards 42% APY.
Together, these incentives will reduce the coinโs circulating supply, thereby increasing relative demand and, by extension, the coinโs price.
And as noted above, SMOG is gaining considerable popularity online, with its Twitter account now reaching more than 37,000 followers.
This testifies to the coinโs appeal, as well as the success of its quests in increasing engagement with it and its ecosystem.
It also points to the success it could have once it begins listing on bigger exchanges, with currently able to buy the coin at the official Smog website and on Jupiter and Birdeye.
Q&A Content:
Q: What is the ATH of GALA? A: The all-time high (ATH) of GALA was $0.8248 in November 2021.
Q: Can Gala continue to rise in the future? A: Yes, Gala still has plenty of room to rise further in the near and more distant future.
Q: Why has GALA experienced a significant increase in trading volume? A: The launch of GalaSwap DEX and recent improvements have boosted adoption, attracting increased usage of Gala.
Q: What are the potential price predictions for GALA in the coming weeks? A: GALA could reach $0.1 in the next month or so, before potentially touching $0.3 or $0.4 by the summer.
Q: Are there any other promising coins worth considering? A: Smog (SMOG) is a newer, smaller-cap token that has shown impressive growth and has an innovative airdrop system that incentivizes holding.
Reference Links: 1. GALA price chart – Source: TradingView 2. GALA launch GalaSwap DEX 3. Smog (SMOG) price chart – Source: Birdeye/TradingView 4. Official Smog website 5. Follow Us on Google News
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Hey readers! ๐๐ค
Are you excited about the recent surge in the price of GALA? ๐๐ฎ Itโs making major waves in the market, and thereโs still room to grow! But wait, what about other coins that are gaining popularity? ๐ฎ๐
In this article, weโll dive deeper into the GALA price surge, explore its potential, and introduce you to another promising token called Smog (SMOG)! Letโs get started! ๐๐
๐ Is It Too Late to Buy GALA? GALA Price Rockets 80% ๐
GALA is currently one of the hottest coins in the top-100, and its momentum is off the charts! ๐ Even though some indicators might suggest an overbought position, GALA has just begun to unleash its full potential! It recently formed a golden cross, indicating an exciting period of growth that could last for weeks, if not longer! ๐
Furthermore, GALAโs trading volume has skyrocketed to $1.5 billion, representing an 800% increase. This surge is driven not only by the general bullishness of the crypto market but also by the successful launch of GalaSwap DEX and a series of improvements that bolstered adoption. ๐
With GALAโs increasing exposure and attention, we can expect it to soar to new heights in the coming weeks. And based on its current trajectory, it could reach $0.1 in the next month, with the potential to hit $0.3 or even $0.4 by the summer! ๐๐ธ
๐ฎ New Coin Goes Viral on X ๐ฎ
But what if youโre looking for the next big thing? Donโt worry, weโve got you covered! Introducing Smog (SMOG), a smaller-cap token thatโs making waves of its own! ๐ช
Smog has risen by 8% in the past 24 hours, and its growth potential is incredibly promising. Since its listing in February, it has already achieved a staggering 15,000% increase! ๐๐ฐ
One unique aspect of Smog is its novel airdrop system. Over the next few weeks, it will hold a series of drops, rewarding holders with more coins based on their SMOG holdings. This incentive encourages traders to hold onto their Smog for longer periods, contributing to reducing the coinโs circulating supply and driving up demand and price! ๐ช๏ธ๐
As Smog continues to gain popularity online, with more than 37,000 followers on Twitter, its appeal and engagement are undeniable. And with plans to list on larger exchanges, Smogโs success story is expected to continue! ๐โจ
๐ก Q&A Content:
โ Q: What is the ATH of GALA? A: The all-time high (ATH) of GALA was $0.8248 in November 2021.
โ Q: Can Gala continue to rise in the future? A: Yes, Gala still has plenty of room to rise further in the near and more distant future.
โ Q: Why has GALA experienced a significant increase in trading volume? A: The launch of GalaSwap DEX and recent improvements have boosted adoption, attracting increased usage of Gala.
โ Q: What are the potential price predictions for GALA in the coming weeks? A: GALA could reach $0.1 in the next month or so, before potentially touching $0.3 or $0.4 by the summer.
โ Q: Are there any other promising coins worth considering? A: Smog (SMOG) is a newer, smaller-cap token that has shown impressive growth and has an innovative airdrop system that incentivizes holding.
Now, itโs time to join the GALA party and explore the exciting opportunities presented by Smog! ๐๐ Donโt miss out on these thrilling ventures in the world of crypto gaming and utility tokens! Grab your tickets to the moon and letโs ride this rocket together! ๐๐ฅ
Reference Links: 1. GALA price chart – Source: TradingView 2. GALA launch GalaSwap DEX 3. Smog (SMOG) price chart – Source: Birdeye/TradingView 4. Official Smog website 5. Follow Us on Google News
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
๐ฌ๐ฅ Are you excited about the potential of GALA and Smog? Have you already started your crypto journey with these tokens? Share your thoughts and experiences in the comments below! Letโs connect and discuss the future of gaming and utility tokens together! ๐๐ฌ
If you enjoyed this article, donโt forget to share it with your friends on social media! Letโs spread the word about the exciting opportunities in the crypto world! ๐ฃ๐ป
Note: The images used in this article belong to their respective owners.
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