GALAUSDT SELL | S6T2 - Team Trading Post for Fredquantum-Kouba01 Traders Team.
The Name and Introduction Of The Project Token, And Which Exchange It Can Be Traded On, Project/team/technical background
GALA is an Ethereum-based utility token which was created to support gamers with a safe, secure and convenient way of transacting within the Gala games ecosystem.
One of the amazing characteristics of the GALA token is that it is decentralized and every gamer is in control of their asset and can transfer it at any point they wish to without having to encounter too many excesses.
The Gala game ecosystem was founded in 2019 by a team of three gaming tycoons whose names are Eric Schiermeyer, Wright Thurston and Michael McCarthy. They synergized their gaming creativity to birth the project with the sole aim redefining gaming in the Blockchain ecosystem.
The first game which was birthed by this project was called Town Star.
Town Star is a simple looking but incredibly and amazingly beautiful farming simulator where gamers are tasked to build a farm to contest in weekly competitions. From the review I've seen about this gaming project, there are avalanche of beautiful words arraigned around this project.
As at when I made this article, GALA was trading at $0.2305, having a circulating supply of 6.98B GALA and a market capitalization of $1,608,583,662. Coinmarketcap recorded a trading volume of $573,940,881 worth of GALA while ranking it at #59 in the coin market.
Exchanges GALA Can be Traded
As recorded by coinmarketcap.com, Nexo and Binance are the exchanges readily allowing the exchange of GALA currently.
Why I am Optimistic About This Token Today, And How Long Do You Think It Can Rise.
As earlier stated, GALA was created with the aim of revamping gaming in the Blockchain. Therefore, gamers have found this project very convenient for them. Myself, I love gaming because it eases so much stress in my mind and as such, I believe this token will transform the gaming world in a couple of months and the token surely will hit a milestone it hasn't hit before.
I sure believe in the project therefore I intend to HODL the token for a couple of months, abouth 10 months which I am optimistic that before the 10 months is over, the token will reach a dollar in value.
Technical Analysis and Placing a Real Trade of GALA
Using the market structure which was taught a couple of months ago in the Steemit Cryptoacademy, I noticed some build-up of candles forming . I was anticipating the price of GALA to go bearish.
I drew my support line below the neckline and waited for a break below the neckline. While anticipating the break, which took a couple of hours, I also had my eyes on the RSI indicator which had made a pullback, and a break below the previous low of the Indicator line. I then executed my trade in the following order..
Sell Entry Price = 0.24727
Amount Used = 49 GALA
Amount Filled = 12.11623000 USDT.
Fee = 0.01211623 USDT
Buy Entry Price = $0.2365
Amount Used = 12.06150000 USDT
Fee = 0.05100000 GALA
Amount Filled = 51 GALA
Profit Made = 2 GALA which is approximately +$0.461
Recommendation
The GALA token in its few years of existence has experienced a rapid growth. With it's goal of redefining gaming on the Blockchain, it is clear that it will soon be utilized as NFT in Blockchain gaming and that will mean a great move of the project to higher heights. Therefore I recommend this coin for investment.
Thanks for having me
All screenshots were taken from Coinmarketcap and Binance
