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      GALA coin drops 8% today – What’s Next - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      December 1, 2021

      5:22 AM UTC

      GALA coin drops 8% today – What’s Next - Stocks Telegraph

      At the time when this article is being written, the current value of GALA is $0.645 with a trading volume of a whopping $1,225,222,786. (this is a decrease of about 43.30% over the past twenty-four hours). After the launch of Meta, the whole metaverse market had been pumping hard and it seems like that they are having an independent movement as compared to Bitcoin. GALA in the past had pumped hard but now there is a decrease of about 7.82%.

      There are currently 6.98 Billion GALAs in supply with a total supply of 35,240,112,493. The 43rd ranked coin is bound to soar in the future as well with the release of the rest of its game in development and the zero-knowledge layer layout of Ethereum. It has a market dominance of about 0.17%.

      Technical Analysis – GALA

      Meta news proved to be highly bullish for the price of Metaverse coins. MANA, SAND has been one of the coins that eventually broke away from the BTC and we could see them moving with strong momentum even when the market was red.

      Now after many days of making higher highs, GALA has now slowed down. It can be seen that the price broke the structure and led to a higher price. Soo after, the move got slowed down and we saw the price dropdown.

      GALA - 1D

      Now the price has failed to maintain the higher structure, it failed to create a higher high, and now is going down. If it wants to keep the structure intact, the price must get over the last higher high and consolidate to provide us confluence about the market.

      It should be noticed that fundamentals overtake the technical. Being a part of Metaverse, pumping of other coins would eventually lead GALA to increase in price as well. This would also invalidate the scenario.

      Price Prediction

      Metaverse is the next grail and it’s going to make a lot of people rich. As such, coins like PYR, MANA, SAND, GALA is going to go big in the market. According to the wallet investor, the price of GALA is expected to reach a value of $0.987 in a year and in five years, the price is expected to reach a value of $2.210.

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