Cryptocurrency is a digital currency market where you can find all the big and small cryptocurrencies. It works on different online exchanges with different currencies and crypto pairs. The first cryptocurrency was created in 2009. It was called Bitcoin. The second one was Litecoin. Today there are many other cryptocurrencies like Ethereum, Ripple and Monero.

In this article, we will also discuss what the best online exchanges to buy cryptocurrency are. If you are new to the cryptocurrency world, you should start with the basics.

Why should you invest in cryptocurrency?

The main reason for investing in cryptocurrency is that it is an alternative payment method. You can invest in cryptocurrency as a long-term investment or a short-term investment. If you want to invest in cryptocurrency for the long term, you must choose your coins wisely.

You should choose the coins which are well-established and have a good community behind them. Cryptocurrency exchanges are the place where you can buy and sell cryptocurrency. There are many cryptocurrency exchanges like Binance, Coinbase, CEX.IO, etc. You can invest in cryptocurrency by buying them directly from the exchanges.

Joke-based Cryptocurrency

In the midst of this ever-expanding crypto market, there came some internet jokes that soon got roots b developing some loyal community members and thus becoming a part of this online digital currency market. These were called meme coins and then with slight technical differences referred to as meme tokens. The Crypto market welcomed this new breed of digital currency and made it a part of itself. Now you can see the market is rushed with an ever-increasing number of these meme tokens.

Let’s explore it a little what are these meme coins/tokens?

I will start with the most popular ones:

• PIVX
• LBRY
• KICKICO
• GRS.

What are they?

PIVX

PIVX is a decentralized cryptocurrency that has been designed to be used in an open-source fashion, and is an open-source project, meaning that anyone can contribute to its development. It also features a Proof-of-Stake consensus mechanism, which is a form of blockchain governance. This allows PIVX to be more secure than other cryptocurrencies that use the Proof-of-Work consensus mechanism.

LBRY 

LBRY is a decentralized platform for video content that provides a peer-to-peer network for video hosting, streaming, and sharing. The service allows users to upload their own content, or select from a library of videos available on the site. LBRY is one of the most active projects in the crypto space, and its popularity has increased as more people become aware of it.

KICKICO 

KICKICO is a crowdfunding website that enables startups to raise funds by providing them with a platform to create and sell their products. It works by allowing startups to create their own projects and collect money for them. The funds collected are used to fund the startup’s project. KICKICO also offers startups the chance to promote their project and increase the number of backers.

GRS 

GRS is a decentralized marketplace for creators and curators to earn rewards for the work they do. Creators can use the service to store and share all kinds of files. Curators can use the service to discover new content, and reward good content.

In order to participate in the network, users must have access to a digital wallet program through which they can store their bitcoin. Network participants can send and receive bitcoins, but transaction fees are unavoidable. Users may choose to trade bitcoins rather than accept them as a form of payment.

Conclusion

Meme-based cryptocurrency has really made it big for itself. Although it was never intended to be a digital currency it became a crypto asset and now there is an increasing number of meme tokens in the market. 

some of them are even going one step further to make it into their own universe. One of the examples is Hokkaido Inu (HOKK) with it all-inclusive ecosystem for its community members to take benefits through purchasing this meme token. 

For more information about this, you can visit http://hokk.finance

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The cryptocurrency of blockchain gaming company Blockster Gala Games has rocketed by more than 112% this week, after the head of blockchain was quoted to have said that the company would allocate $5 billion to grow its NFT business this year.

The current price (9 Februaria) is $0.362 after a slight pullback from under $4.

Investing.com said Gala expected to invest $2 billion to gaming, $1bn to the studio’s “music goals” as well as $1bn to film production and the rest of the $1bn will be put towards Gala’s theme park NFTs. Gala Theme Park NFTs.

The Gala’s Jason Brink is reported to confirm the figures, saying that they were “shared in members of the Gala Gold community, and we are looking forward to sharing this information together with the Gala Gold community in the near future.”

Gaming that earns you money has become an trend in the industry alongside the metaverse. Gala offers a variety of new and popular games that utilize the protocol and has also forged new partnerships to expand the user base and community. GALA user base.

This is a speculation on the market or is it the beginning of a new boom in the market for GALA or other game coins?

What exactly is GALA the name of the coin?

Gala was established in the year 2019 by Eric Schiermeyer with the goal of changing the face of gaming. “We are building the biggest gaming platform that is decentralized globally. Decentralization is the process of giving the power, accountability and rewards in the hands of players” claims the company. The platform’s goal is to create an ecosystem of blockchain-based games that are powered by a vast and autonomous blockchain node network.

GALA tokens comprise the utility tokens in digital form that are part of the Gala Games Ecosystem that operates on the Ethereum blockchain and is compatible with the standards of the ERC-20. Particularly the utility token that is non-refundable is encrypted and is used to facilitate exchange between the participants of the ecosystem. This means that the currency is transferable between users who are in complete control of how they use it.

The Gala Games community is often enthralled by the possibility to buy a node using GALA or Ethereum ( ETH) and then decide the games to be released through Gala Games. Gala Games platform. This is important, since users’ ability to take part in voting on governance (which could influence how development is conducted and game play) will affect the overall direction and direction of this Gala Games system.

The owner of the node is awarded GALA in accordance with the points system. Running the node for a minimum of six hours over the course of each cycle is worth 1 point. Nodes that refer to other nodes which run for at most six hours are awarded 0.1 point.

Gala Games also has an NFT project known as VOX that allows players to purchase avatars with various traits. The new VOX avatars were released at the end of the 26th of Novemberthat are based on a different Gala game known as Mirandus. With the purchase of one of these avatars, players were eligible to receive daily rewards through Town Star.

Items stored in the Ethereum blockchain are accessible by using a variety of open source and cryptographically secure digital wallets and storage methods. Gala Games have stated that their long-term plan of their Gala Games Node Ecosystem includes multiple game studios each of which is working on a variety of games, as well as creating constant streams of NFTs that will be added into the node network.

On January 8, it was announced the new round of Town Star Node licences will be available “at sometime in 2 weeks” and users will be given informed 48 hours in advance of a two-hour window. This follows the announcement that the first batch was sold in November, in just five minutes.

GALA price analysis View from a technical perspective

After reaching $0.021 on September 12 The GALA coin’s value climbed 488% to the all-time record high of $0.1236 on the 18th of September According to information from CoinMarketCap.

The rise in the GALA cryptocurrency price since 13 September to 13 September could be due to the coin’s inclusion at two exchanges for cryptocurrency. The first was Binance, the world’s most popular cryptocurrency exchange, on the 13th of September. Then on September 16, Bibox, an artificial intelligence-based digital asset trading platform, also announced Gala Games as a Gala Games coin.

Today (9 Feb) the price is $0.36 is the price at which it is ranked 52nd in the table of cryptocurrency with an estimated market capitalization in the range of $2.56bn as per CoinMarketCap.

Analysis of the technical aspects provided through CoinCodex confirms that the sentiment of the short-term on GALA has turned bullish with 24 indicators showing positive signals, as opposed to seven bearish indicators.

The basic, as well as exponential moving averages, are indicating buy signals. The same is true for the Relative Strength Index (RSI) which is at 84.86 (9 February). An RSI reading that is higher than 90 is an indication of overvaluation.

GALA Coin fundamental analysis

GALA’s inclusion in the year 2015 on one of the biggest cryptocurrency exchanges around the globe may have provided the cryptocurrency an increase. In addition, the rise of esports, as well as the integration of blockchain technology in the industry, could also be seen as a welcome development for cryptocurrency.

Based on the Global Gaming Market 2021-2025 report released in the report by Report Linker, the gaming industry is expected to expand by $125.65bn in 2021-2025. This is at an annual compound growth rate of 12percent.

What’s unique about GALA? What is unique about GALA currency token is that it operates on a secure network that is protected by an exclusive set of Founder Nodes. Gala Games assigns up to 100,000 founding nodes to verify transactions in-game and protect the network.

Additionally, Gala Games is not only one game. It has a variety of blockchain-based games. Since its inception, the platform has gained 1.3 million active monthly users and sold over 26,000 NFTs (the most expensive offering valued at an astounding 3 million).

In addition to GALA coin information, Gala Games entered into an alliance with Polygon which is a layer-2 scale protocol that allows for the creation and connection of blockchains that are Ethereum-compatible in March 2021, permitting GALA to gain lower transaction fees.

On the 15th of November Gala launched Town Stars nodes to the platform. They let players use their own non-fungible token (NFT) characters during gameplay in a move towards giving “power as well as responsibility and the benefits into the hands of the players” could have initially gained more attention.

In 2022, it is expected to switch to its own blockchain that has been “currently in the final stage of the development”. It is speculated that along with other issues that are related to the Ethereum blockchain, it will “drastically” cut down on network fees. The Ethereum blockchain also promises lots of new games and collaborations.

Gala has more than 20,000 founders’ Nodes however, it is currently seeking to expand the ownership of the nodes to gamers with a stake in the way games and the platform is managed. Town Star is its decentralized free, play-to-earn “town and farming” game that was launched through Gala Network. Gala Network. Players put money into their piece of land, including purchasing NFTs to earn money and improve their town with the money. For sale within an “limited quantity” and the Town Star Node Licenses “supercharge” this growth, and permit players to reap rewards for sharing a part of Town Star workload.

The company on 13 December announced that it was establishing a new joint fund of $100 million along with investment firm C2 Ventures to develop blockchain gaming and metaverse-related projects.

The founder and CEO of Gala Games, Eric Schiermeyer believes that one of the main factors for the success of the project is the fundamental values that underlie it and its corporate mission.