Gala demonstrates an impressive rally: in two days the altcoin has risen in price by more than 90%, meanwhile, BlockDAG is generating so much attention in the market eventhought it’s still in a presale phase.
GALA: Investors are waiting for profit
Despite the recent surge that brought Gala’s price to $0.076, less than half of the token’s holders are in profit. Almost 50% of investors still suffer losses: for all of them to move into the first category, the asset price must soar by 750%.
However, the chances of such a development are low, since the whales have already begun to take profits. Over the past ten days, addresses with balances from 100 thousand to 10 million GALA have sold more than 30 million tokens and, it seems, are not going to stop.
The MVRV coefficient confirms the possibility of correction. The indicator indicates that the majority of wallets that purchased GALA in the last 30 days have an unrealized profit of 88%.
Gala price forecast: should we expect a collapse?
Technical analysis of Gala supports the possibility of a price fall. If selling by whales continues, a drawdown to $0.06 will likely erase some of the recent gains.
However, if investors remain resilient in anticipation of further growth, the token could rebound from $0.072. This will give GALA the impetus to break through the $0.0845 resistance level, allowing it to potentially rise to $0.10 and refute the bearish thesis.
The Hype Surrounding BlockDAG
Investing in BlockDAG presents an opportunity to capitalize on the growing interest in blockchain technology and decentralized finance. With its innovative approach and strong market demand, BlockDAG has the potential to outperform other cryptocurrencies and NFT crypto coins and become a major player in the crypto market. As leading traders swap other coins for BlockDAG, it signals confidence in its growth trajectory and long-term viability.
BlockDAG: What’s the Buzz About?
BlockDAG is getting attention as its the preeminent layer 1 blockchain globally, featuring an advanced Proof-of-Work (PoW) algorithm that leads the charge in technological innovation. A combination of speed, security and decentralization elevates BlockDAG as a key player catering to everyday applications and enterprise-grade DeFi protocols, promising a bright future for crypto enthusiasts.
What makes BlockDAG different is its meticulously structured presale approach, comprising 45 batches designed for fair participation, allowing many users to contribute and maximize profit. The project’s unwavering commitment to risk management acts as a safeguard against market volatility, providing a secure avenue for investment.
As BlockDAG nears the completion of its third presale batch, having amassed an impressive $4.1 million, the platform eagerly anticipates the launch of the third batch. The ambitious goal of unveiling the mainnet within six months adds to BlockDAG’s allure and reveals the coin’s prospects to challenge industry norms with its smooth development cycles, further solidifying its position as a leading project of innovation and opportunity.
