**The Latest Market News for Avalanche (AVAX), Gala (GALA), and Shiba Inu (SHIB)**
In this article, we will discuss the latest market news for three popular crypto projects: Avalanche (AVAX), Gala (GALA), and Shiba Inu (SHIB). These projects have all experienced significant price increases in the past month, largely due to the recent rally in Bitcoin (BTC). However, one coin in particular has stood out with its bullish strength, bringing joy to its holders. Let’s dive into the details.
**Avalanche News**
Avalanche recently made a big step forward by bringing the wstETH cryptographic resource, belonging to the Lido ecosystem, into its blockchain through the Layer Zero interoperability platform. This move strengthens the Avalanche universe by adding one of the most widely used coins in the DeFi context of liquid staking. This integration will attract more capital to the crypto network due to the strong use of this cryptocurrency in various decentralized finance applications. Additionally, Lido continues its expansion process on multiple chains, further solidifying its position in the web3 world.
**Gala News**
Gala, a web3 gaming ecosystem, has launched a new game called “Legacy” on its platform. Similar to “The Sims,” users are tasked with simulating running a city, creating buildings and businesses, and contributing to society’s growth. Since its launch just four days ago, “Legacy” has already gained a strong following from the Gala community.
**Shiba Inu News**
Shiba Inu has teased a big announcement for its community. While exact details are unknown, it is speculated that it will involve a new platform or application dedicated to unlocking unique Shib identities on the blockchain. The project team released a video alongside the announcement, hinting at a platform for studying advanced analytics of the SHIBA INU ecosystem.
**Avalanche (AVAX) Performance**
AVAX is attempting to break through strong resistance at the $12 threshold, which may be a challenge for the bulls. Despite a bearish summer, AVAX has gained +25.47% in the past 30 days, and it could continue to see positive numbers in the medium term. However, traders should keep an eye on the RSI, as it approaches overbought territory, potentially giving the bears an advantage. Key levels to watch are $12 and $15 as resistance, and $9 as support.
**Shiba Inu (SHIB) Performance**
SHIB has struggled to gain momentum in the current market conditions, registering only a +9.14% increase in the past month. While it may not be the most promising asset at the moment, there is still hope that it will bring excitement to its community if there is a return to the bull market. The next resistance to break is at $0.000011, with the main support at $0.0000060.
**Gala (GALA) Performance**
GALA has seen a significant +47% increase in the market recently, bringing hope to coin holders. However, over the past two years, GALA has experienced a bear market that pushed its price from $0.84 to the current $0.02. It is difficult to predict if it will return to all-time highs, but there is still potential for growth considering its gaming ecosystem development. The next resistance to watch is at $0.03, with strong support at $0.012.
**Hot Take: Keep an Eye on Volatility**
While these crypto projects show promise, it’s important to remember that volatility can be dangerous for novice traders. If you’re considering investing in high-risk assets like GALA, make sure to carefully analyze your personal financial situation and practice proper risk management.
By
By
By
By
By