Bitcoin managed to rise to $ 22,500 in the last week. The leading cryptocurrency is currently changing hands at $22,581 above this level. Meanwhile, 3 forecasters shared their expectations about some altcoin projects. According to them, Ethereum (ETH), Ripple (XRP) and Gala Games (GALA) have the potential to rally.
“This altcoin is one of the best projects on the market”
Guy, host of the popular YouTube channel Coin Bureau, talked about an “interesting” blockchain gaming platform he says is on his radar. This platform is Gala Games. GALA works as a platform for play-to-win games. Although GALA made good gains last year, it lost a lot in the 2022 bear market. At the time of writing, it was trading at $0.05. However, Guy is extremely hopeful for the altcoin.
In a new video update, the pseudonymous analyst known as Guy said that the play-to-win gaming ecosystem Gala (GALA) has seen a significant drop as a result of the bear market, but the platform remains one of the most promising projects. Guy underlines that Gala Games continues to evolve at a relatively high level. He then says that the GALA token that powers the platform is worth watching right now. Guy said:
“Gala is an interesting altcoin project. Gala, like most of the rest of the crypto market, has fallen pretty hard over the past few months. The bear market was responsible for much of this decline. However, Gala Games is still one of the projects that I think is very useful. Hip is undoubtedly a lot of development on the platform. They recently hired a proven game developer for Town Star.”
“Ripple (XRP) will play a critical role in the CBDC ecosystem”
Former Goldman Sachs executive Raoul Pal says the XRP network could play a big role in the CBDC-based economy. In a recent session, the CEO of Real Vision underlines that XRP Ledger (XRPL) has built a solid foundation by using it heavily rather than just attracting speculative enthusiasm. But he adds that its potential for the CBDC ecosystem depends on its litigation with the SEC. Raoul Pal said:
“There is a strange narrative about Ripple from the past. The thing is, they had to file a lawsuit and slap their wrists. However, Ripple actually plays a pretty important role. It’s a money transmission network and it does a pretty good job. It has deep connections with global governments around the world. Also, they worked really hard on this. The potential is huge, although the case is badly affected. Apart from the legal point of view, I would say that XRP will have a large share in the future CBDC ecosystem.”
“I am pretty bullish for Ethereum”
Leading altcoin Ethereum (ETH) has had a strong rally recently. But it couldn’t keep up and came under selling pressure just two days before the Merge upgrade. ETH is currently trading at a price of $1,716 with a market cap of $208 billion. Some market analysts say the Merge upgrade will be a “sell the news” event. He also bets that the ETH price will likely correct itself after the upgrade. In short, these analysts expect the optimism to end with The Merge and global macro conditions to create selling pressure.
However, Arthur Hayes, founder and CEO of BitMEX, remains bullish. Hayes expects ETH to reach $3,000 by the end of the year, as we reported on Kriptokoin.com. Hayes spoke during a recent podcast interview. Here, he mentioned that Ethereum will experience a major infrastructure change with the PoS transition. Therefore, the leader praises the altcoin project and said that if Merge is successful, he expects a price spike.
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