Gala Weekly Winner And CryptoMich Publishes New VeChain Expectation Chart
A mostly bearish week for Bitcoin also brought some surprising winners. Metaverse coin Decentraland (which we’ve discussed repeatedly before) still managed to end the week on an upbeat and Gala, the coin of blockchain games provider Gala Games, surged 300% in a week and is climbing in the Coinmarketcap rankings.
As to the memecoins, Floki Inu faces investigation in the UK while analysts seem to be convinced that Shiba Inu is beating Dogecoin though I personally fail to see it. Lastly, Cryptomich updates his VeChain expectations.
Gala up 300% in week
Gala games, a blockchain gaming developer that allows gamers to use their unique non-fungible token (NFT) characters in gameplay (in other words, a bit like Axie infinity, which we’ve covered before) is on quite a winning streak this week, adding more than 300% to its price in the past seven days.
The project claims is has a mission to provide the cryptosphere with: blockchain games you’ll actually want to play.
According to the development team, they now have 1.3 million monthly active users, and 26,000 NFTs have been sold (with the most expensive piece valued at $3 million). Well, that could indeed explain the run-up in Gala’s pricing.
Gala is available on the Binance Exchange.
Shiba Inu versus Dogecoin
Of course everyone is paying close attention to the memecoins as well now that we’re almost entering December (historically a very bullish month for altcoins).
As such, although both Doge and Shiba Inu were down on the week, Decrypt was eager to point out that Dogecoin dropped 10% but its younger, trendier rival Shiba Inu only dropped 5%. I don’t really see it like that looking at the charts now but all I know is the rivalry between the two memecoins is far from over at this point.
Lunarcrush, which charts social media trends for crypto, pointed out that Dogecoin is still the most searched crypto term in the US this year.
Cryptomich on VeChain (VET)
Michael van de Poppe, the Dutch analyst most commonly known as CryptoMich, last night updated his expectation for the chart of VeChain. Michael now believes a major breakout will happen in Q1 of 2022.
Well’ keep you updated if it does.