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Author Topic: Gala potential?  (Read 157 times)
posi
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October 21, 2022, 11:15:15 PM
 #21

The whole metaverse project or hype though has been put into a standstill.

Even Facebook itself has suffered huge losses developing their own metaverse, in the billions of dollars. So its hard what to advise the OP, whether to stop buying Gala or continue to DCA and wait till the bull run and see how big his profits will be.

He has to weigh-in everything, just saying.
I've heard this news that the metaverse project has now decreased a lot of interest so I guess this is hype in the beginning where they always boast about the metaverse but in the end have to accept the fact that tokens have to fall even more due to lack of interest from investors, maybe because there Its news Facebook has suffered losses from the Metaverse project so this is not on the lyrics anymore.
My suggestion is that the OP should leave shitcoins and switch to investing in BTC, it would be better, especially if he did DCA, it would potentially be on Bitcoin compared to shitcoins.

Not only are metaverse projects dropping a lot right now, you can search the market to see if any of the top projects are up in price or they've also dropped up to 90% in value. Metaverse is just a very new trend and almost no projects are completed so it is normal for sales or users to drop during bear season. But one thing is of concern they are still building their project even when bear season is looking to kill them, which is a good thing for a project.

All of us invest in cryptocurrency then bitcoin will always be the first choice but we for more profit we can also invest shitcoin, as long as you are aware of its risks and are willing to invest with enough money to lose.

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JamesDaniel90 (OP)
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November 03, 2022, 11:55:26 PM
 #22

I am still DCA into Gala but am a bit concerned with how far it has crashed, 97% since all time high I know we are in a bear market but it is a big drop.

I have just bought my first lot of Gala below £0.03 and my average buy is now £0.053 so I don’t need it to go up too much now at least to break even.

I am planning to hold until the bull run in 2024 so going to take a lot of patience till then but hopefully will be worth it, I am holding until we reach £1.50 which is a 50x from current price.
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November 04, 2022, 11:25:35 AM
 #23

I am still DCA into Gala but am a bit concerned with how far it has crashed, 97% since all time high I know we are in a bear market but it is a big drop. ..

After today's coin hack, when hackers printed more than 10 billion GALA, the price of the Pancakeswap coin dropped to $0.0003 - https://twitter.com/lookonchain/status/1588352240888053760. The Bridge pNetwork team, through which the hack was made, made an official statement that a new pGALA token would be issued and sent out instead of the old compromised token - https://twitter.com/pNetworkDeFi/status/1588301896044859393.

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