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.

[asriloni]

Galxe's token will drop even further. There are so many similar platforms like Galxe. So they're losing their user base due to this. It's getting worsen with all of campaign ran in galxe is just time wasting. People never get rewarded from using it. So people are not keen in using it anymore. It creates chain effect with none buys their token for the fees. It makes the price tanking so hard

In result, their token going lower and lower. The pressure is getting harder when new tokens gets unlocked and distributed to the market. I see no chance for Galxe team to solve this, unless they creating something unique to attract the user back and buy their tokens for long term. Even if they do that, it seems too late.

[Akbarkoe]

Going down further? Of course!

That's because the rate of scheduled unlocks which lasts until 2028, is now spread over approximately 80% of the total 12 billion tokens available so there is still a possibility of decline, in addition to the utility on the coin is very limited, there is no buyback from the developer and there is also no burning of this token of course it can be seen clearly, from these points the price drop on the G or Gravity token which represents Galxe will definitely experience a further decline, in addition to their airdrop vesting, when it opens I think the community will release it.

[MAAManda]

Most of those who hold this $G are just reward seekers, when they remain loyal to the Galxe ecosystem & don't get the rewards they deserve, they will then think about buying back. Spend money to get money, the concept is the same as gambling. I used to be a Galxe user & held a lot of $G in one of my address. I felt like I wasn't getting any luck, so I abandoned it. Well, basically, what I said earlier is based on my experience. Typically, tokens with good utility will have good volume in the market, the exception being platform reward tokens like $G & $L3.

[Ahli38]

I think you all agree with me that altcoin gravity seems unlikely to survive in the market. And developments in its ecosystem also seem sluggish as if it has lost its appeal. I'm sure that the majority of holders of this altcoin are Galxe users who are incentive seekers. And perhaps almost all of them have no intention of holding it for the long term or even just using it temporarily on their site. I personally doubt that this altcoin will increase in volume in the next period. And all of your statements make sense given that doubt. But I question once again whether this altcoin can rise again or even approach its all-time high when the bull run comes?

[MArsland]

  (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?

Since I stopped using Galxe features, I no longer follow the progress of the $G token. I think they have lost their appeal, the Galxe community has also started to lose interest in using the ecosystem where every time you complete a task, you pay a fee that was originally 2 $G, now it can be up to 10 $G because the price has dropped dramatically.

So my conclusion is that there are no projects in the Gravity ecosystem that are really interesting, that's why $G token users are getting lower.