🔥 GALA: Is It Dead? What History Tells Us
GALA (and many other metaverse tokens) saw a huge influx of investors around November & December last year. However, it appears that since then the hype has largely died out and metaverse tokens have lost a lot of value. The whole market dumped, but rarely as hard as metaverse tokens like GALA.
In my view, GALA is not dead. Just like most other alts in the previous market cycle, GALA has seen a massive growth in a short amount of time and has then been bleeding for months. I think that GALA can obviously still drop lower, but it might also be a good time for long-term (>1 yr) investments.
Same has happened to Cardano (ADA). Huge pump in 2018, bleeding for 3 years straight, and a 100x during the current market cycle. Not saying that GALA will see a 100x in the next couple of years, but I'm not ruling it out.
Be aware that it might take years before GALA will pick up speed again, so only take this analysis into consideration if your trading time frames are similar.
In my view, GALA is not dead. Just like most other alts in the previous market cycle, GALA has seen a massive growth in a short amount of time and has then been bleeding for months. I think that GALA can obviously still drop lower, but it might also be a good time for long-term (>1 yr) investments.
Same has happened to Cardano (ADA). Huge pump in 2018, bleeding for 3 years straight, and a 100x during the current market cycle. Not saying that GALA will see a 100x in the next couple of years, but I'm not ruling it out.
Be aware that it might take years before GALA will pick up speed again, so only take this analysis into consideration if your trading time frames are similar.
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