Will the price of Altcoin Gravity by Galxe drop further?

[Ahli38]

  (Source)
The altcoin Gravity from Galxe just hit its lowest ATH a few hours ago. Its current price is still around $0.004 far below its ATH of about two years ago. I personally believe this altcoin is increasingly being abandoned by investors due to its less profitable use case. This altcoin is primarily used in the Galxe ecosystem by providing gas for transactions. But I personally see that Galxe hasn't been as attractive as it once was, where it was still widely used and even discussed by users seeking incentives. I believe Gravity has lost its popularity and even it is no longer widely used for user purposes. This year there are three unlock events for Gravity held over several predetermined months. March is the closest unlock event to occur. I believe these unlocks will further depreciate the value of Gravity. It seems this altcoin won't last long if the developers don't find a breakthrough to increase its volume. The increase in circulating supply and even reduced liquidity will significantly impact it. What are your thoughts?

[Charles-Tim]

A kind of coin that is not recognized which have many unpredictability or maybe it will just remain a shit coin, although maybe I can be wrong but I do not have trust for many altcoins.

We are in bear market, expect more disappointing time for altcoins. If bitcoin price dropped a little, many altcoins will fall so much and this coin will not be out of them but be among them that will fall.

[ultrloa]

A kind of coin that is not recognized which have many unpredictability or maybe it will just remain a shit coin, although maybe I can be wrong but I do not have trust for many altcoins.

We are in bear market, expect more disappointing time for altcoins. If bitcoin price dropped a little, many altcoins will fall so much and this coin will not be out of them but be among them that will fall.

Maybe they just find a reason to justify the dumps happening on the market recently. We could see that once Bitcoin dumps majority of shitcoins is badly affected with bearish market movement of all altcoins in the market.

Also its expected to see more dumps on alts and lots of shitcoins might struggle to recover.

This indicate that much better if they buy Bitcoin rather those risky altcoins they see advertised as good project by other people.

[TastyChillySauce00]

It will drop further for sure, the economy the Galxe project sitting on top is not a good one. They are depending on a project to create social media campaign and hoping the project giving out enough reward to make people excited, to make them think it's worth it to use the Galxe platform and pay for premium for some benefits, including using the Galxe chain to mint tokens and NFT.
Yet by far most of projects in there are either complete waste of time or will give you peanuts from doing all the tasks. The projects in there are mostly shitty too.

Not long after kaito's launch, Galxe also become irrelevant. Hot take, I think the entire infofi has died when X decided that they aren't gonna put Crypto Twitter on top anymore through their new controversial algorithm. Basically you're holding a coin from a dying project if you're currently holding Galxe's Gravity.