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GALA price prediction: Is the trend of bearishness ended?

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Gala

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.

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The cryptocurrency market gives way to meme tokens

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cryptocurrency market

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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How to Do It Right: Marketing a MetaTrader 4 Venture

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MT4 desktop

Most, in the event that not all, MetaTrader 4 traders these days know for sure that all together for their particular brands to foster a tireless presence their opposition, exploiting the Internet as the colossal channel for their showing endeavours is principal. Obviously, looking for the associations of a modernized publicizing office would greatly assist them with accomplishing the outcomes they need to accomplish, including deals increment, brand care among their purchasers, and, generally speaking, business improvement.

Essentially, a computerized propelling affiliation focuses on giving clients-the affiliations the best systems that would help them with working with help their affiliation profile, yet besides their image presence on the web. All things considered produced using a vehemently supported collecting of experts with various lines of mastery, an office can help business visionaries with bettering distance their normal vested party, comparatively as help them with seeing their true capacity for progression and their substance among the obstruction. When in doubt, it is crafted by individuals inside an electronic progression relationship to take the affiliations’ online presence to an unbelievable level.

Then, such an affiliation might be either a full assistance firm or a firm that focuses profoundly on a particular publicizing similarly as advancing technique. The previous sort of mechanized propelling affiliation is routinely liked throughout the last since it ponders each piece of the affiliations’ electronic presence. So rather than a business visionary enrolling an office that essentially has some capacity in webpage improvement (SEO) and online media structures, why not gain the entire pack?

In reality, a full help modernized promotion office does the going with techniques:

• Site improvement and plan

• Advertising through the web crawler (for example pay per click showing)

• Web index improvement (SEO) showing and the pioneers through assessment

• Online media advancing and the pioneers

• Email advancing

• Web content creation (for example reviews, web journals essential to the affiliations’ assets)

• Media advancing undertakings (for example video crusades)

At any rate there are Sydney several affiliations that are dubious as for finding support from the subject matter experts. Without a doubt, they acknowledge that they can do the stuff that motorized affiliations do, just to search for and pay for them for their associations finally. Obviously, for a gigantic heap of cautious proprietors, being reluctant with the work environments is common, particularly in the event that they, constantly end, have their own get-together of in-house staff who can do the showing and publicizing lobbies for their brands. What these affiliations don’t fathom is that a significant level propelling office can be an amazing resource for them and advantages using.

Why so? For a particular something, it is helpful for relationship to have underachieving in-house progressing and furthermore publicizing labour force. Evidently, affiliation supervisors need results, and they can’t tolerate keeping their family in the showing too as propelling divisions who can’t pass on and meet desires. Later on, they may end different or the amount of the staff and attempt to use new ones. Surpassing everybody’s assumptions costly and horrid.

In relationship, when finance managers select affiliations, they want to manage MetaTrader 4 business, and if not, they can in actuality eliminate their working relationship with them and journey for substitutions. Really, concerning obligation and cost ability, a general business office is the best approach.

Something else that makes the affiliation an extraordinary resource is that it can deal with clients’ undertakings with practically no issue. Regardless the particular extent of limit in a full-association advanced affiliation firm, the party can do actually and proficiently coordinating and understanding the most recent and the best publicizing or possibly elevating techniques to help its clients. Significantly more basically, the working environment can help money managers with splashing themselves to what their various brands can accomplish for their courses of action and their headway once they arrived at their online gathering, likewise as have some knowledge of about the nuances fusing the various strategies being utilized to execute the mechanized publicizing tries.

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Is Dogecoin a good investment in 2022? | Can Reach $1000?

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Should I hold Dogecoin long term

The question, can Dogecoin reach $1000, is a controversial one. Many people believe it’s not a possibility anytime soon. But with the low supply of bitcoin, one of them could be worth over $50k, as it is now. That means that it isn’t too far away from becoming a billion dollar currency. Moreover, since the market cap of bitcoin is $1.1 trillion, the same can be said for Dogecoin.

The main reason that Dogecoin can’t hit $1000 is its lack of popularity and the lack of technical developments. This digital currency needs to be popular to increase its value and become useful in the world. The main reason for this is that it’s a meme currency, which means that it’s extremely difficult to mine. However, there are some ways that you can invest in Dogecoin and make some money while you’re at it. The first thing to do is to compare exchanges, and then choose the wallet that will suit your needs.

Can Dogecoin Reach $1000?

As a crypto, Doge is traded on many sites. If you’re a person looking to invest in Doge, you could invest in the companies that make the cryptocurrency. However, this type of trading is risky, as you don’t have any collateral. Therefore, be careful and don’t put more money than you can afford to lose. The most important thing to remember when trading in Dogecoin is to avoid losing your money.

While Dogecoin is still relatively new, it’s already worth a few hundred dollars, and its market cap is $3.75 billion. So, can Dogecoin reach $1000? You can’t tell for sure, but there are many ways you can invest in Dogecoin. Firstly, you need to register at a cryptocurrency exchange, and verify all your personal information. Once you’ve verified your personal details, you can start investing.

There are numerous ways to invest in Dogecoin. Some people choose to invest in the cryptocurrency companies that make it. This is one of the more popular ways to invest in this type of currency. And it isn’t even the only one with potential. As a meme currency, it has the potential to grow very quickly. In fact, it’s already worth $0.19, but it could easily reach $1000 in the near future.

Can Dogecoin Reach $1000?

While Bitcoin has a supply limit of 21 million coins, Dogecoin has no such limit. With no supply limit, Dogecoin is expected to grow at an exponential rate. Moreover, Dogecoin is growing in popularity due to its uniqueness, a factor that will make it a popular investment. If you’re an investor, you can buy this cryptocurrency for a few dollars and then sell it for a profit.

The current value of Dogecoin is $0.05. It is the sixth largest crypto-currency in the world and has $43.6 billion in revenue. In just over two years, the value of Dogecoin will have increased significantly, boosting its value to $1000. This would mean that the market for this cryptocurrency would reach more than $100 trillion. A few years ago, the value of Dogecoin was only $0.33, but now it’s worth a million times that amount.

Read our Valuable Post “Brief Binance Review” for Potential Users of the Exchange.

The price of Dogecoin is a topical issue and a disputed cryptocurrency. In the future, if Dogecoin were to reach a $1000 value, the market would have to be worth over a trillion dollars. With a price of over a billion dollars, this cryptocurrency would have to be worth about a trillion dollars. If this were to happen, the value of the cryptocurrency would have to be greater than that of the dollar.

Is Dogecoin a good investment 2022?

The demand for Bitcoin has driven the price to over $1 trillion. However, this is not a good thing for Dogecoin. Its supply is very small compared to other coins. Unlike Bitcoin, which is over 18 million coins, the supply of Dogecoin is unlimited. This means that there is more room for growth for Dogecoin. Its popularity is growing because of its popularity, but it can’t reach $1000 in the short run.

The price of Dogecoin is currently hovering around $110. But if it goes higher, it may reach even more than that. And it can even surpass Bitcoin. So, while it’s a risky investment, it has potential. If it reaches its potential, it’s possible that it could hit the $1000 mark. Just make sure that you’re aware of the risks of investing in dogecoin.

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