The cryptocurrency market gained new momentum today with the strong move of Bitcoin. While the market is dominated by bulls, there are positive developments in terms of corporate adoption. In this regard, Galxe, a Web3 platform that connects projects, users and communities in a decentralized world, announced its collaboration with Forbes. Following the news, the altcoin price made a strong move north.
Galxe announces Forbes collaboration, altcoin price jumps!
As you follow from Kriptokoin.com, green color dominates the market today. Leading cryptocurrency Bitcoin managed to overcome the $42,000 barrier, although it later declined. Many altcoin projects are also gathering strength in the green zone. In the midst of these developments, Galxe, a Web3 project, announced that it is collaborating with media giant Forbes. In this context, Galxe shared the following announcement from the social media platform X:
Forbes is diving into web3 with its new social account, ForbesWeb3. Join the movement, take part in the ForbesWeb3 campaign and earn Loyalty Points at Galxe. Exciting missions are waiting for you. Stay tuned for future campaigns and activations!
Forbes dives into #web3 with their new social account, @ForbesWeb3! 📱
Join the movement, take part in the ForbesWeb3 campaign, and earn Loyalty Points on #Galxe 🌟
Exciting tasks await – Stay tuned for future campaigns and activations!https://t.co/c3Mu1iXhGP
— Galxe (@Galxe) December 4, 2023
GAL Token is the native token of the Galxe ecosystem. It is used for voting and governance in the Galxe DAO, payment of application module fees, querying credential data, and issuance of digital credentials. It also rewards users for their achievements and activities on Galxe and other Web3 platforms. Following the news, the altcoin price made a vertical rise. GAL, which dropped to $1.49 during the day, jumped to $1.61 with the development. At press time, the token was trading at $1.61, up 5.9% on a daily basis.
GAL daily price chart. Source: CoinMarketCapDetails coming…
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