Decentraland (MANA) Whales Selling, Will Gala (GALA), and HedgeUp (HDUP) Prices Pump?
Decentraland (MANA) growth has been stagnant for the past month due to significant selling pressure from “Whales.”
Could this situation create a favorable scenario for Gala (GALA) and HedgeUp (HDUP) to experience a substantial surge in value, allowing them to seize a significant share of the virtual market? Let’s find out!
Experts predicted the value of Decentraland (MANA) to reach an average of approximately $0.68 in April. However, over the past month, Decentraland (MANA) has stuck to its price range from $0.64 to $0.68, breaking out of recent trading at the price of $0.688. At the same time, Decentraland (MANA) market cap has increased from $1.19B to $1.28B
Decentraland (MANA) has been losing traction recently, causing concern among investors, likely due to a lack of investor interest and general bearish sentiment in the cryptocurrency market.
The recent sell-off of Decentraland (MANA) by large token holders, or whales, is a response to the decreasing user engagement. The number of addresses holding at least 100,000 Decentraland (MANA) has steadily declined since February 2023.
This market downturn in Decentraland (MANA) may result in a surge in prices for its competitors, such as Gala (GALA) and HedgeUp (HDUP).
Gala (GALA) has had a solid start to 2023, with its price increasing significantly in the first quarter. GALA primarily owes its recent success to its strong fundamentals and growing user base.
The recent collaboration between Gala Games, a blockchain-based play-to-earn gaming platform, and Huobi Global could also contribute to Gala (GALA) increasing foothold in the virtual market.
There has been a notable increase in Gala (GALA) market capitalization, with an increase of $9.1M in the last seven days.
In addition to the founders’ experience in the gaming and bitcoin mining industries, Gala (GALA) tokens have gained value due to global demand for metaverse and gaming tokens. Gala (GALA) listing on major exchanges has significantly enhanced its market awareness.
Currently, Gala (GALA) trades at $0.04825 with a 24-hour trading volume of $388,788,396.
HedgeUp (HDUP) is an innovative investment trading platform and the first cryptocurrency to introduce the fractional acquisition concept. It offers investing in high-value and non-traditional assets like fine art, diamonds, luxury watches, fine wine, yachts, and other exclusive items using NFTs.
HedgeUp (HDUP) aims to build a Web3 community for alternative asset investing by providing users access to various safe and secure blockchain-based investments.
Members get voting rights and a decentralized community, enabling them to shape the project’s course thanks to the HedgeUp (HDUP) decentralized autonomous organization (DAO).
The diversified nature of HedgeUp (HDUP) makes it an attractive investment offer. Investing in HedgeUP (HDUP) could provide you with access to a new generation of alternative investment products and greater transparency, security, and automation in the investment process.
HedgeUp (HDUP) is in the second presale phase, which is currently active. It now trades at $0.013. Join the presale before it’s too late!
For more information on HedgeUP, click the following link to enter the website: https://hedgeup.io
Join the Presale and Sign Up using the following link: https://app.hedgeup.io/sign-up
To join the HedgeUp ecosystem and become a community member use the following link: https://linktr.ee/hedgeupofficial