Galxe Introduces New Layer-1 Blockchain “Gravity”
- Galxe Introduces New Layer-1 Blockchain “Gravity”: Galxe, a leading platform in Web3 credentials and rewards, is launching a new Layer-1 Blockchain called "Gravity" to enhance cross-chain interactions in the Blockchain ecosystem.
- What Does the New Blockchain Aim For?: Gravity aims to simplify and optimize cross-chain transactions using zero-knowledge proofs for enhanced security and scalability.
- Blockchain Features: Gravity will support multi-chain asset management, eliminate complexities related to cross-chain transaction settlements, operate as an Ethereum Virtual Machine (EVM) compatible proof of stake Blockchain, and use the Jolteon (AptosBFT) consensus algorithm.
- Galxe’s Integrated Plans: Galxe plans to integrate its existing product suite into Gravity to maximize impact and adoption, demonstrating a commitment to enhancing user experience.
- Development Phases and Support: The development of Gravity will occur in two phases, with the alpha mainnet launching in June 2024 and the fully operational mainnet expected by the second quarter of 2025. Galxe has raised $10 million from investors like Multicoin Capital and Dragonfly Capital to support this initiative.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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