Mixed Signals for GALA
- GALA price has risen slightly in the past 24 hours, buoyed by a statement from the company regarding an ongoing legal dispute.
- However, the broader trend remains negative, with GALA down 21% in a week and 32% in the last 30 days.
- Despite this, the company’s statement affirms that its operations will remain unaffected by the dispute, potentially giving GALA room for recovery in the future.
Legal Woes Weigh on GALA
Co-Founder Dispute Raises Concerns
- Eric Schiermeyer alleges that Wright Thurston stole around $130 million from the Gala ecosystem.
- Thurston counters with accusations that Schiermeyer siphoned $600m from Gala Games for personal use.
- These charges have severely damaged GALA’s reputation and led to a loss of investor confidence.
Technical Analysis: Bearish Indicators
Source: TradingView
Source: TradingView
Source: TradingView
Source: TradingView
Seeking Alternative Altcoins
Given the uncertainty surrounding GALA’s short-term prospects, investors may want to consider alternative altcoins with high potential.
Contents
Launchpad.xyz: A Web3 Trading Platform
- Launchpad.xyz is a Web3 trading platform that has raised over $1.6 million in its presale.
- It will offer a comprehensive suite of tools and resources for traders, including a Web3 wallet, play-to-earn games, and automated trading bots.
- Its native token, LPX, can be used for platform fees, staking, and other benefits.
With its innovative features and potential for growth, Launchpad.xyz is an altcoin to watch in the coming months.
Disclaimer
Cryptocurrencies are highly volatile and risky. This article is for informational purposes only and does not constitute financial advice. Investors should always do their own research before making any investment decisions.
Author: Emily Wang
Last Updated: October 23, 2023
Credit and rights belong to MigBase.com