Is It Too Late to Buy GALA? GALA Price Rockets 80%
GALA, the gaming utility token, has experienced a significant surge in price, rising by 13% in the past 24 hours. The current price of GALA stands at $0.07852, while the overall market has seen a 2% increase. In just over a week, GALA has witnessed an impressive 80% growth, and over the last 30 days, it has risen by 220%. Despite these gains, GALA is still 90% below its all-time high (ATH) of $0.8248 from November 2021. This indicates that there is still plenty of room for further growth in the future.
GALAโs Momentum and Indicators
GALA is currently one of the hottest coins in the top-100 rankings, with its chart and indicators reflecting its strong momentum. Although its relative strength index (RSI) is currently in an overbought position, GALA can sustain this level for some time. Additionally, GALAโs 30-day moving average recently formed a golden cross with the 200-day average, signaling a period of growth that could continue for weeks or even longer. The trading volume for GALA has also experienced a positive increase, reaching $1.5 billion todayโa significant 800% rise compared to just a few days ago.
Galaโs Recent Developments
The recent launch of GalaSwap DEX by Gala has contributed to the increase in usage and popularity of the token. GalaSwap DEX was introduced at the end of last month and has attracted a substantial number of users. Gala is already well-known as a decentralized gaming and media platform, and with the launch of GalaSwap DEX and other recent improvements, it is expected to gain even more adoption. Gala has also partnered with Alienware and Amazon Web Services for a gaming hackathon, further enhancing its exposure and potential for genuine adoption.
The Future of GALA
Considering the ongoing bull market in the crypto industry, it is likely that the price of GALA will continue to rise in the coming weeks. It could potentially reach $0.1 within the next month and may even touch $0.3 or $0.4 by the summer.
New Promising Tokens
If you believe that GALA may have already reached its peak during this cycle, there are other newer and smaller cap tokens worth considering. One such token is Smog (SMOG), which has seen an 8% increase in the past 24 hours. Smog operates on Ethereum and Solana blockchains and has experienced a remarkable 15,000% gain since its listing in early February. The tokenโs volumes have remained impressive for its size, thanks to its unique airdrop system that incentivizes holders to keep their coins for longer periods. By reducing the circulating supply, these incentives drive up demand and consequently increase the tokenโs price.
SMOGโs Growing Popularity
Smog has gained considerable popularity online, with its Twitter account now boasting over 37,000 followers. This demonstrates the coinโs appeal and the success of its engagement strategies within its ecosystem. As Smog begins listing on larger exchanges, its potential for success is further enhanced. Currently, users can purchase Smog on the official website as well as on Jupiter and Birdeye exchanges.
Hot Take: GALA Soars While New Coins Emerge
GALAโs recent surge in price indicates that it might not be too late to buy this gaming utility token. With its strong momentum and positive indicators, GALA has the potential for further growth in the future. However, if youโre looking for new and promising tokens, Smog (SMOG) is worth considering. Its unique airdrop system and growing popularity make it an attractive investment option. As always, itโs essential to conduct thorough research and consider your risk tolerance before investing in any cryptocurrency.
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