Galxe Price Prediction 2024-2030
Article Content: Read about Galxe Price Prediction 2024-2025 (previously Galaxy Price Prediction, About Galxe and GAL Token
What are the Signals and Predictions?
| Overall Outlook | Partially Bearish |
| 1. Market's Wisdom | Bearish |
| 1a. Market Data | Partially Bearish |
| 1b. Technical Recommendation | Sell |
| 2. Crowd's Wisdom | Neutral |
| 2a. Social Media Buzz | Steady |
| 2b. Social Media Sentiment | Steady |
In the next 24 hours, the overall sentiment for GAL crypto price is Neutral. GAL currently finds its first level of support at $3.4363 while the resistance for the GAL Price is at $3.5413. If GAL fails to hold above its first level of support, $3.3917 will be the immediate support. Alternatively, a breakout above its initial resistance is likely to draw in more buyers. The higher resistance level at $3.6463 may be retested or surpassed if buying pressure intensifies. The Signals Table above encompasses other factors include social media.
Summary: Neutral
| Technical Indicators: | Strong Buy | Buy: (3) | Sell: (2) |
| Moving Averages: | Strong Sell | Buy: (2) | Sell: (6) |
Oscillators
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 38.70, which indicates that the GAL market is in a Buy position.
The Moving Average Convergence Divergence (MACD) is a popular technical analysis indicator used to analyze financial markets, including the cryptocurrency market which signals to Sell (below 0) or Buy (above 0). Currently, the MACD value is at -0.1570, which indicates that the GAL market is in a Buy position.
| Name | Value | Action |
|---|---|---|
| RSI | 38.70 | Buy |
| CCI | -90.82 | Neutral |
| Awesome Oscillator | -0.3980 | Buy |
| Momentum | -0.8040 | Sell |
| MACD | -0.1570 | Buy |
| StochRSI | 39.92 | Neutral |
| Williams’ %R | -80.83 | Sell |
| Ultimate Oscillator | 39.40 | Neutral |
Moving Averages
| Name | Value | Action |
|---|---|---|
| SMA (10) | 4.1515 | Sell |
| SMA (50) | 4.4549 | Sell |
| SMA (100) | 3.5940 | Sell |
| SMA (200) | 2.6102 | Buy |
| EMA (10) | 3.9230 | Sell |
| EMA (50) | 4.0959 | Sell |
| EMA (100) | 3.6725 | Sell |
| EMA (200) | 2.9709 | Buy |
Pivot Points
Based on today's classical pivot point (P) with the value of $3.4967, GAL has support levels of $3.4363, $3.3917, and the strongest at $3.3313. Similarly, GAL resistance levels are at $3.5413, $3.6017, and $3.6463.
| Classic | |||||||
|---|---|---|---|---|---|---|---|
| S3 | S2 | S1 | P | R1 | R2 | R3 | |
| $3.3313 | $3.3917 | $3.4363 | $3.4967 | $3.5413 | $3.6017 | $3.6463 | |
- RSI - Relative Strength Index
- CCI - Commodity Channel Index
- MACD - Moving Average Convergence Divergence
- SMA - Simple Moving Average
- EMA - Exponential Moving Average
Galxe Price Prediction 2024-2025-2030, Aggregated
| Galxe Price Prediction 2024 | $5.00 |
| Galxe Price Prediction 2025 | $7.87 |
| Galxe Price Prediction 2026 | $10.3 |
| Galxe Price Prediction 2027 | $12.8 |
| Galxe Price Prediction 2028 | $16.0 |
| Galxe Price Prediction 2029 | $20.0 |
| Galxe Price Prediction 2030 | $24.9 |
Is Galxe Crypto a Good Investment?
Galxe Protocol serves is a permissionless self-sovereign identity infrastructure. Leveraging the capabilities of Zero-Knowledge Proof, Galxe enables users to securely and privately manage and share verifiable credentials. Constructed upon an open and collaborative infrastructure, Galxe empowers Web3 developers and projects to enhance their products and communities by leveraging credential data for mutual benefit.
What are the aims of Galxe Protocol?
The primary objective of the Galxe Protocol is to tackle the challenges posed by current data security demands. In response to the increasing reliance on centralized credential management solutions by organizations, credentials are presently stored in restricted databases controlled by applications, governments, financial institutions, and credit institutions. This results in a fragmented landscape that lacks openness for the true owners of data and the applications in need of it.
In line with the aims of the Galxe Protocol, the initiative seeks to rectify this issue by establishing a public and collaborative credential data network. This network aims to empower Web3 developers by providing them with the ability to utilize credential data for the creation of superior products and more engaging communities.
Project Galaxy, aligned with the goals of Galxe Protocol, endeavors to create a public, collaborative data network accessible to all Web3 developers. The project offers the necessary infrastructure for community members to generate and contribute digital credentials to the data network. Project Galaxy’s infrastructure facilitates the curation of credentials from various sources, enhancing the overall capabilities of the collaborative data network.
How does the Galxe Protocol Function?
Galxe functions through several key components. These include:
Credential Issuance & Verification:
- Issuers: Platforms, projects, or communities can act as issuers, creating “credentials” representing achievements, participation, or ownership. These credentials can be NFTs or non-transferable soulbound tokens (SBTs).
- Holders: Users receive and hold these credentials as proof of their involvement or actions.
- Verifiers: Other platforms or projects can verify the authenticity and validity of these credentials to grant access, rewards, or benefits.
Credential Types & Schemas: Galxe offers various pre-built credential types like social media engagement, event participation, and NFT ownership. Issuers can also design their credential types with specific criteria and properties.
Zero-Knowledge Proofs (ZKPs): Galxe utilizes ZKPs to protect user privacy. Users can prove they possess certain credentials without revealing underlying data.
Incentives & Rewards: Credential holders can be rewarded for their participation, unlocking airdrops, discounts, or exclusive access based on their verified credentials.
What is GAL and its Uses?
GAL is the native token of the Galxe Protocol and it functions as the governance token, incentivizes user participation, and serves as the primary payment token of the Galxe ecosystem. Here are the uses of the GAL token:
Governance: GAL is used for voting & governance in Galxe DAO. GAL token holders can control the amount of the platform fee collected by the protocol, and control funds held by the Galxe Community Treasury.
Paying Platform Fee: GAL token can be used to pay platform fees by the developers who aim to utilize Galxe’s credential data through Application Modules.
Paying API Fee: GAL token can also be used to pay for API calls for Galxe Oracle Engine and Galxe Credential API.
Curating Digital Credentials: Curators can utilize the GAL token to signal a credential data set’s value. Each credential data set will include a revenue stream that will be split between credential stakeholders pro rata. Curators can purchase stakes of a credential data set from its corresponding bonding curve.