Takeaways:
- Web3 gaming project Gala Games has announced an airdrop of its GALA v2 tokens to all GALA holders on May 15th.
- Bitcoin’s value has been facing strong resistance in maintaining its position above the critical $30,000 level
Web3 Gaming Project, Gala Games, has announced an upcoming airdrop of its GALA v2 tokens to all GALA holders on May 15th.
The company arranged an automatic 1:1 conversion for all users and will drop support for the GALA v1 token immediately.
Users should remove their GALA tokens from any liquidity pools or smart contracts before the snapshot on May 15th, as the liquidity pool will be airdropped, and the GALA may not be recoverable.
The team has contacted exchanges to ensure a smooth transition, but they strongly recommend that holders store their tokens in a personal wallet to ensure that the drop is delivered directly to them.
The upgrade to the Ethereum smart contract will bring several improvements, including enhanced burn mechanisms, security enhancements, and future upgradeability.
Moving on to Bitcoin, the cryptocurrency has been struggling to hold its ground above the crucial $30,000 mark in the face of mounting regulatory pressure and uncertainty within the market.
The ongoing crackdown on crypto trading and mining by several countries has cast a cloud of uncertainty over the crypto landscape, leading to increased volatility in Bitcoin’s value.
However, despite the challenges facing the crypto market, many experts remain bullish on the long-term prospects of cryptocurrencies, citing the potential for widespread adoption and growth opportunities.
Anthony Pompliano, founder of Pomp Investments, who has stated that “there has never been a more exciting time in crypto,” and predicts that Bitcoin will eventually reach a valuation of $100,000 per coin.
As with any investment, it is crucial for investors to carefully weigh the risks and potential rewards before making any decisions.
