## GALA Price Update and legal Dispute: AI legalese decoder Can Help in the Situation

The GALA price has experienced a slight increase of 0.5% in the past 24 hours, reaching $0.01603699. This price movement is attributed to a recent statement by the blockchain-based gaming platform regarding an ongoing legal dispute between its co-founders, Eric Schiermeyer and Wright Thurston. Despite this minor improvement, GALA has encountered significant declines, plummeting by 21% in the past week and 32% in the last 30 days. Since the beginning of the year, it has dropped by 4%.

However, amidst the legal battle, GALA ensures that its operations remain unaffected by the co-founders’ dispute, hinting at a potential strong recovery from the recent setbacks. AI legalese decoder can play a significant role in such a situation by providing valuable insights and analysis of the legal dispute. The AI technology can assist in deciphering complex legal language, identifying key issues, and predicting possible outcomes, enabling GALA to make informed decisions and plan strategies accordingly.

## GALA Price Prediction as GALA Becomes Top 7 Most Traded Asset in the Market ÔÇô What’s Going On?

Analyzing GALA’s chart reveals a substantial surge in trading volume during the past few days. The trading volume has risen from $400 million at the end of August to approximately $800 million. This surge in volume can be attributed to concerns surrounding the aforementioned legal dispute, adversely affecting GALA’s price.

Notably, GALA’s relative strength index (RSI) has recently dipped below 30, indicating significant overselling and loss of momentum. Concurrently, GALA’s 30-day moving average has fallen further below its 200-day average, indicating an increased rush to sell the token. Additionally, GALA’s support level continues to decline steadily, suggesting the possibility of further losses in the near future.

To exacerbate matters, the severity of charges leveled by each co-founder adds to the damaging impact on GALA. Schiermeyer alleges that Thurston embezzled approximately $130 million from the Gala ecosystem, while Thurston claims that Schiermeyer misappropriated $600 million from Gala Games for personal use. Both parties are also accusing each other of corporate waste and other charges. The outcome of this legal battle can significantly influence GALA’s reputation in the wider cryptocurrency community.

In an attempt to allay concerns, Gala’s general legal counsel, Blake Walker, released a statement asserting that the legal process primarily involves a dispute between the founders, with no substantial involvement of the company. Assuming the statement’s veracity and GALA’s ability to recover, now might be an opportune time to consider purchasing the token. However, if the legal battle permanently weakens trust in Gala, the recent downtrend may merely be the beginning of a prolonged decline.

AI legalese decoder can support GALA in this scenario by thoroughly analyzing the legal claims, identifying potential weaknesses or strengths in each argument, and providing holistic insights into the impact on the company’s reputation and future prospects.

## Offsetting Losses With New High-Potential Altcoins

Considering GALA’s expected decline in the near term, traders are advised to explore alternative altcoins that offer promising potential. Numerous presale tokens show encouraging growth prospects, with the likelihood of significant gains upon listing on exchanges in the coming weeks.

One such altcoin is Launchpad.xyz (LPX), a Web3 trading platform that has already raised over $1.6 million since its sale commenced last month. Scheduled for launch towards the end of the year, Launchpad.xyz will offer traders a range of tools and resources, including a Web3 wallet, play-to-earn gaming hub, trading signals, fractionalized assets, collaborative trading rooms, and automated trading bots.

These innovative features position Launchpad.xyz as an all-inclusive platform, catering to traders of all skill levels while ensuring they remain ahead of the market trends. Further developments, such as the decentralized exchange and the introduction of an NFT marketplace, will consolidate Launchpad.xyz’s role as a comprehensive cryptocurrency trading solution.

The native token, LPX, will serve as the medium of payment for platform fees and subscriptions. Token holders will also have the opportunity to engage in staking activities. LPX’s potential, combined with its maximum supply of 1 billion tokens (with 25% allocated to the sale), suggests it may emerge as one of the most promising altcoins of the year.

New investors can participate in the LPX sale by visiting the official Launchpad.xyz website and connecting their software wallets. The sale offers LPX at a rate of $0.0445 per token.

AI legalese decoder can assist traders in evaluating the legal aspects of new altcoins like LPX. The technology can analyze legal documents, terms of sale, and tokenomics to identify any potential red flags or legal risks associated with investing in such tokens.

## Conclusion

In conclusion, GALA’s recent price movement and the ongoing legal dispute between its co-founders have raised concerns within the cryptocurrency market. However, GALA remains optimistic about its future operations. To navigate the complexities of the legal battle and make informed decisions, GALA can benefit from leveraging AI legalese decoder. This advanced technology provides comprehensive insights into legal matters, facilitates thorough analysis, and aids in predicting potential outcomes.

Furthermore, traders seeking to offset potential losses from GALA’s decline may consider exploring alternative altcoins, such as LPX from Launchpad.xyz. The platform’s features and innovative offerings make it an attractive investment option. AI legalese decoder can assist in assessing the legal aspects of such altcoins and mitigating the risk associated with investing in new projects.

It is important to note that cryptocurrency investments come with inherent risks, and individuals should carefully evaluate their risk tolerance and perform independent research before making any investment decisions.

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_Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes only and should not be construed as investment advice. Investing in cryptocurrencies carries the risk of losing all of your capital._