- Galxe (GAL) price prediction ranges from $1.914 to $2.733.
- Analysis suggests that the GAL price might reach above $3.5 soon.
- The GAL bearish market price prediction for 2022 is $1.500.
There are other digital currencies besides Bitcoin (BTC) and Ethereum (ETH) that people who want to diversify their portfolios and learn more about cryptocurrencies should consider. Galxe (GAL) is one of them.
Galxe is a Web3 credential data network that wants to help Web3 developers and projects build products and communities using on-chain credential tracking. Galaxy OATs (On-chain Achievement tokens), NFT loyalty programmes, gated communities, and custom governance are all examples of how they can be used. GAL is a utility token that works with the Ethereum network. It is an ERC-20 token. The token has four main uses: governance, paying for application module fees, paying for Galxe Oracle Engine and Galxe Credential API, and curating digital credentials.
If you are interested in the future of GAL and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030 – keep reading!
What is Galxe (GAL)?
Galxe is the world’s leading Web3 credential data network and will be deployed on the Binance Launchpool on April 28, 2022. Galxe is based on an open and collaborative infrastructure, allowing Web3 developers and initiatives to profit from credential data by creating better products and communities.
Project Galaxy allows community members to add to the Galaxy Credential Data Network, which stores digital credentials. The Curators can add data from 7 different chains using subgraph queries or snapshots in exchange for on-chain credentials. They can also get off-chain credentials by giving information from Twitter, Discord, Github, or events that happen in real life.
Organizations are using centralized credential management solutions more and more to meet the needs of data security. Today, applications, governments, and financial and credit institutions keep credentials in closed databases that they control and to which they have access. Because of this, the landscape is broken up and not open to the people who own the data or the apps that need it.
Galxe aims to solve this problem by creating a public, collaborative network for credential data. This will let Web3 developers use credential data to make better products and more exciting communities. Project Galxe aims to set up a public, collaborative data network for all Web3 developers. The project gives people in the community the tools needed to create digital credentials and add them to our data network. Through Project Galaxy’s infrastructure, credentials can be curated.
Curators can use subgraph queries or static snapshots to ask for on-chain credentials. Galxe has linked up with data sources like Twitter and Github to get credentials that are not on the blockchain. Curation may be rewarded when credentials are used in Galaxy’s Application Modules, Credential Oracle Engine, and Credential API by adding them to Galaxy’s Credential Data Network.
Developers can use Galxe’s Applications Modules, Credential Oracle Engine, and Credential API to build better products and communities using credential data. Galxe OATs (On-chain Achievement Tokens), NFT Loyalty Programs, Growth Hacking Campaigns, Gated Communities, Customized Governance, and more are all examples of how our Application Modules can be used. Developers can also use the Credential Oracle Engine and Credential API for customized use cases such as credit scoring and stopping Sybil attacks.
Galxe (GAL) Current Market Status
Galxe (GAL) is now trading at $2.06 with a total market capitalization of $72,304,264.46 at the time of writing. Galxe’s market capitalization places it in position 288 on CoinMarketCap. In addition, the price has decreased by 3.26 percent in the past 24 hours. The 24-hour trading volume of Galxe has increased by 1.18 percent to $31,114,115.45.
Galxe can be traded on major cryptocurrency exchanges, including Binance, Huobi Global, Kucoin, Coinbase, FTX, and Kraken.
Galxe (GAL) Price Analysis 2022
Will Galxe’s (GAL) most recent improvements, additions, and modifications help the GAL price rise? First, let’s focus on the charts in this article’s GAL price forecast.
Galxe (GAL) Price Analysis – Keltner Channel
The Keltner Channel may be used to identify a trend when the asset’s price is plotted between two volatility bands. Galxe (GAL) price may be predicted using Keltner Channel indications for GAL/USDT. Galxe is in the channel’s second half, meaning more people are selling GAL. Waiting for a few retrace candlesticks can increase the reward-to-risk ratio and provide investors with a better risk-free situation.
Galxe (GAL) Price Analysis – Relative Strength Index
The value of the 1-day chart is 37.58. According to the RSI indicator, a reading below 50 indicates that more sellers are selling GAL than buying it. After reaching the RSI level of 77.52, which is close to the overbought zone, the price retraced and is currently trading at $2.05. But investors should look at a few confirmation candlesticks and patterns before investing or making a trade. This will give them a better risk-to-reward ratio.
Galxe (GAL) Price Analysis – Moving Average
A 1-day Galxe (GAL), 200-day, and 50-day Moving Averages (MAs) chart is displayed above. The chart above demonstrates that GAL trades below the 200-day and 50-day moving averages.
However, GAL is trying to rise above the 50-day moving average at the time of writing. If that happens, we can see bullish movement for GAL. Investors might improve their risk-to-reward by waiting for a few confirmation candles and patterns before making a trade.
Galxe (GAL) Price Prediction 2022
The daily chart of GAL/USDT shows that GAL is now trading inside a flag. GAL is now trading near the lower trendline of the triangle. Moreover, if GAL breaks out of the flag and rises higher, it can reach its previous resistance level of $3.100. Therefore, Galxe (GAL) price prediction for 2022 is still bullish.
Galxe (GAL) Price Prediction – Resistance and Support Levels
Looking at the Galxe 1-Day chart, Galxe’s price has decreased over the past months since September 2021. Moreover, Galxe fluctuated between $1.94 to $2.64 within the previous 30 days. However, GAL has had a pullback of 3.09% within the past 24 hours. If Galxe tends to fall deep, Galxe might reach the last level of support of $1.836, and breaking that support level might lead to $1.500.
GAL might reach the prior resistance level of $2.634 if the bulls can regain their footing in the bearish market and push the price higher.
Galxe (GAL) Price Prediction 2023
There is a chance that Galxe (GAL)’s RSI will be above 70 by the end of 2022, indicating a strong bullish trend that should see prices over $2.634 by 2022. So, we should expect the price of GAL to go up by at least $3.172 by the end of 2023.
Galxe (GAL) Price Prediction 2024
The Bitcoin supply will be cut in half by 2024. Consequently, we should anticipate a favorable market trend as a result of user sentiment and investors’ desire to acquire more of the coin. Due to the impact of Bitcoin’s price swings on the value of other cryptocurrencies, it is reasonable to anticipate that GAL will be worth at least $3.951 by 2024.
Galxe (GAL) Price Prediction 2025
If most cryptocurrencies can overcome psychological barriers in the aftermath of Bitcoin’s price halving in 2024, we can expect GAL to trade at a premium to its 2024 pricing. As a result, GAL may be worth roughly $5.209 by the end of 2025.
Galxe (GAL) Price Prediction 2026
As more and more institutional investors flock to the GAL platform, the cryptocurrency price will likely fall after a prolonged bull run ends in 2026. It would be a significant reversal of the trend, suggesting that the price of GAL may reach $6.104 by 2026, even though the coin has generally depreciated during the same period.
Galxe (GAL) Price Prediction 2027
The halving of Bitcoin in 2028 will likely trigger a bull market. As a result, if investors remain hopeful, the price of GAL may continue to rise and may even breach previously established hurdles. Galxe (GAL) may be worth $7.425.
Galxe (GAL) Price Prediction 2028
Bitcoin will be halved in 2028. A bullish run is anticipated before the market settles down in 2027. As a result, GAL’s potential ATH value of $8.695 by 2027’s end is not out of the question.
Galxe (GAL) Price Prediction 2029
By 2029, the majority of cryptocurrency values may have been stable for nearly a decade, owing to the application of lessons learned to secure the sustained faith of investors in the project. Because of this effect and the additional price increase that occurs a year after Bitcoin’s price halves, the price of GAL might reach $10.540 by 2029.
Galxe (GAL) Price Prediction 2030
The cryptocurrency market was stable because early investors held on to their assets so they wouldn’t miss out on future price gains. By the end of 2030, the price of Galxe (GAL) could be around $12.577, despite the bearish market that followed a market boom in the early years.
Conclusion
GAL might reach $0.2878 in 2022 and $12.577 by 2030 if investors decide that GAL is a good investment, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Galxe is the world’s leading Web3 credential data network and will be deployed on the Binance Launchpool on April 28, 2022. Galxe is based on an open and collaborative infrastructure, allowing Web3 developers and initiatives to profit from credential data by creating better products and communities.
GAL can be traded on many exchanges like other digital assets in the crypto world. Binance, Huobi Global, Kucoin, Coinbase, FTX, and Kraken are currently the most popular cryptocurrency exchanges for trading GAL.
Since GAL gives investors multiple ways to make money off their crypto holdings, it looks like a good investment for 2022. Notably, GAL has a high possibility of surpassing its current ATH in 2032.
There aren’t many crypto assets still appreciating, but GAL is among the ones rising in value. As long as this bullish trend continues, GAL might break through $2.680 and reach as high as $3.5. Of course, if the current market favoring crypto continues, it will likely happen.
GAL is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. We may also conclude that GAL is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.
The lowest price of GAL is $1.94, attained on October 24, 2022.
GAL was launched in April 18, 2022.
Harry Zhang co-founded GAL.
The maximum supply of GAL is 200,000,000 GAL.
GAL can be stored in a cold wallet, a hot wallet, or an exchange wallet.
GAL price is expected to reach $3.172 by 2023.
GAL price is expected to reach $3.951 by 2024.
GAL price is expected to reach $5.209 by 2025.
GAL price is expected to reach $6.104 by 2026.
GAL price is expected to reach $7.425 by 2027.
GAL price is expected to reach $8.695 by 2028.
GAL price is expected to reach $10.540 by 2029.
GAL price is expected to reach $12.577 by 2030.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
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