GAL price prediction 2022-2025Īs of 10 May, algorithm-based forecaster Wallet Investor had a negative outlook for the token over the next 12 months. For tokens negatively correlated with GAL, a move in any one direction for GAL would indicate their move in the opposite direction. The tokens positively correlated with the GAL token indicate that the movement of any one may have a statistically considerable weight to pull the other tokens in the same direction. The price was most positively correlated with the price of shiba inu ( SHIB), loopring ( LRC), osmosis (OSMO), binance ( BNB) and secret (SCRT), and most negatively correlated with magic internet money (MIM), liquidity USD (LUSD), keep network ( KEEP), tron ( TRX), and compound dai (cDAI), Coincodex data indicated. The token’s resistance levels were at $2.46, $2.65 and $2.76, according to Coincodex. The strongest support level was at $1.86. GAL price’s pivot point was $2.35, with support levels at $2.16 and $2.05. The CCI is a momentum-based oscillator used to establish when an asset’s price is reaching overbought or oversold territory. The Commodity Channel Index ( CCI) (20) was indicating ‘neutral’ at -66.67. Values above 70 may indicate that an asset is overbought. An RSI reading of 30 or below indicates that a security is underbought or undervalued. The moving average convergence divergence (MACD) (12, 26) was ‘neutral’ at -0.04, while the Relative Strength Index (RSI) indicated a ‘buy’ at 25.85. The weekly simple moving average (MA) was indicating ‘sell’ at $3.25. The ROI indicates the approximate return on investment if the token was purchased at the time of launch. The token’s return on investment ( ROI) was 63.87%, as of 10 May. CoinCodex predicted the token could fall, reaching $2.27 by 15 May. Overall coin price prediction sentiment was 76% bearish, with 22 technical analysis indicators signalling bearish signals and seven bullish. It fell 4.47% against ether and 5.11% against bitcoin over the same period. GAL has declined by 29.79% in the last month. The price was $2.38 at the time of writing (10 May). The fear and greed index showed ‘extreme fear’. Price performance has been lacklustre in 2022.Īccording to CoinCodex, GAL crypto price prediction sentiment at the time of writing (10 May) was bearish. The price recorded several spikes in 2021, hitting its all-time high of $35.35 on. The Galatasaray fan token has demonstrated high volatility since its launch. Technical overview: Will GAL token go up? When the token was introduced, engagement and rewards app required fans to possess GAL fan tokens to be eligible to vote on club polls. The token’s circulating supply at the time of writing was 3.5 million.Īs the name suggests, Galatasaray fan tokens were aimed at fans of the Turkish sports club. According to Coinmarketcap, the token’s fully diluted market capitalisation stood at $23.9m, as of 10 May, with a total supply of 10 million tokens. GAL tokens are a limited number of digital assets minted and secured on the Ethereum blockchain. In 2020, the club launched GAL in partnership with blockchain sports fan start-up Socios. Students of Galatasaray Lycee in Istanbul’s Beyoglu area founded the Galatasaray Sports Club in 1905. This makes the GAL token secure and verifiable.Īlthough fan tokens may not be used to purchase goods, they can be exchanged with Socios fan token holders on the publicly-accessible crypto-token market. GAL are ERC-20 utility tokens, which means they use the Ethereum blockchain for authentication, ownership, transaction and voting records. Ownership is authenticated by a blockchain network. Fan tokens are built on blockchain technology. It was offered to fans via the Chiliz’s exchange, a sports tokenisation platform. GAL is the official fan token of Turkey’s Galatasaray Sports Club. GAL coin price prediction: Can the token rebound to 2021 highs? Photo: NicoElNino /
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