Home
News
- 1 Gala token (GALA) lost 11% weekly and more than 4.71% in the past 24 hours.
- 2 Bitcoin is trading below $30k, losing over 2.50% in the past 7 days.
Gala Token (GALA) lost more than 11% weekly. At press time, it was trading at $0.02359 with 24 hours trading volume of $56,400,986, making it the 50th most traded token in the crypto industry.
The 24-hour trading volume of the Gala token slipped over 4.71%, and the token’s market capitalization fell over 3.29% intraday. In terms of market cap, GALA holds the 74th rank in the market.
Since the past three trading sessions, sellers have been more aggressive and continuously overruling buyers. From the beginning of July 2023, the GALA token constantly moves sideward, showing minute surges.
In the 52 weeks time frame, the lowest trading price of the GALA token was $0.01542, and the highest traded was $0.07284. GALA lost 38.67% of the trading price in a quarter. All time high price of GALA tokens was $0.8367, and the all-time low was $0.000151.
The forecast price for 2023 is a high price of $0.042, an average price of $0.038, and a low price of $0.042. This means a slight increase in the value of $GALA due to factors such as partnerships and last year’s developments.
The trading performance of $GALA over the past 30 days has given a positive rapid analysis rating due to the current price movement, which indicates positive signs for traders in the coming days. This estimate is based on the fact that $GALA is being traded actively.
Is Gala Token Mimicking Crypto Market?
At the time of publishing, Bitcoin, the market leader, was trading below $30k after losing 2.56% of its trading prices in a week. However, in 24 hours, the trading volume of BTC declined over 27.08%.
Cryptocurrency price charts saw gains alongside the most popular cryptocurrencies, but underperforming altcoins suffered losses. After several days of declines, Bitcoin finally managed to turn some gains on Wednesday, July 26. BTC was trading at $29.15, up just 0.38 percent at the time of writing.
XRP token reflected a mindblowing upper movement after favorable developments in the SEC v Ripple case. Still, in the past few days, amid strong bullishness XRP lost 10.86% in a week and around 1% in the past 24 hours.
Despite the struggling crypto market, Dogecoin, Maker token, and THETA opposed the decline and surged over 5-16% weekly.
However, analysts believe that the reason behind DOGE’s ascending price is the recent update on Twitter and viral statements of centi billionaire Elon Musk.
The entire volume of the cryptocurrency market during the last 24 hours was $26.5 Billion, a 22.61% decline. DeFi’s total 24-hour volume is $2.39 Billion or 9.02% of the overall crypto market volume.
All Stablecoin volume is currently $23.96 Billion or 90.45% of the 24-hour volume of the whole crypto market.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
