<![CDATA[<figure class="image"><img src="https://cimg.co/news/125331/331030/image.jpg" alt="" srcset="https://cimg.co/news/125331/331030/responsive-images/image___media_library_original_1280_853.jpg 1280w, https://cimg.co/news/125331/331030/responsive-images/image___media_library_original_1200_800.jpg 1200w, https://cimg.co/news/125331/331030/responsive-images/image___media_library_original_900_600.jpg 900w, https://cimg.co/news/125331/331030/responsive-images/image___media_library_original_720_480.jpg 720w, https://cimg.co/news/125331/331030/responsive-images/image___media_library_original_600_400.jpg 600w, https://cimg.co/news/125331/331030/responsive-images/image___media_library_original_300_200.jpg 300w" width="1280" class="content-img"><figcaption>Source / Sam Cooling x Ractapopulous</figcaption></figure>Gala Games (GALA) continues to tumble in the aftermath of a legal dispute between co-founders Eric Schiermeyer and Wright Thurston, which has so far seen GALA bleed-out -32%.It is <a href="https://pacer.login.uscourts.gov/csologin/login.jsf?pscCourtId=UTDC&amp;appurl=https://ecf.utd.uscourts.gov/doc1/18306207947?caseid%3D142042">alleged</a> Thurston illicitly acquired approximately $130 million worth of GALA tokens tied to the Gala Games ecosystem.&nbsp;But Thurston's<a href="https://cryptonews.com/news/legal-battle-at-gala-games-ceo-accuses-co-founder-of-130-million-theft.htm"> counter-claim alleges</a> Schiermeyer lent Gala's funds to himself for personal use, and even purportedly created Gala-related entities in Switzerland and Dubai, positioning himself as the controlling shareholder to pursue his own business interests.<figure class="media"><oembed url="https://twitter.com/Yoda_HODL/status/1702998884308378030"></oembed></figure>In the latest move, the allegedly stolen assets have been frozen and secured <a href="https://www.youtube.com/watch?v=lV3b-6q2_8g">reports</a> suggest, pending the case, leaving some $GALA bag-holders anticipating a pause in the free-fall as risk to the ecosystem reduces.<h2 id="strong-gala-price-analysis-is-gala-games-going-to-zero-amid-legal-fight-strong">GALA Price Analysis: Is Gala Games Going to Zero Amid Legal Fight?</h2>As price action continues to post new all-time lows, Gala Games is currently trading low in the channel at a <a href="https://www.tradingview.com/symbols/GALAUSDT/">market price of $0.013</a> (representing a 24-hour change of -2.59%).This comes following a failed +10.8% bounce from support at $0.01375, which triggered on September 13, before heading into complete retracement on September 17.<figure class="image"><img src="https://cimg.co/news/125331/331024/image.jpg" alt="" srcset="https://cimg.co/news/125331/331024/responsive-images/image___media_library_original_1634_901.jpg 1634w, https://cimg.co/news/125331/331024/responsive-images/image___media_library_original_1200_662.jpg 1200w, https://cimg.co/news/125331/331024/responsive-images/image___media_library_original_900_496.jpg 900w, https://cimg.co/news/125331/331024/responsive-images/image___media_library_original_720_397.jpg 720w, https://cimg.co/news/125331/331024/responsive-images/image___media_library_original_600_331.jpg 600w, https://cimg.co/news/125331/331024/responsive-images/image___media_library_original_300_165.jpg 300w" sizes="100vw" width="1634" class="content-img"><figcaption>TradingView / GALA USDT</figcaption></figure>Price action remains trading significantly below the descendant 20DMA (currently stood at $0.015).The 20DMA has formed a capstone of unbreakable resistance for GALA price action since July 24, effectively supressing any upside move for 59 days.Meanwhile, the 200DMA remains high above price action, gently descending at $0.028 - in a reflection of the bleak price action this summer.GALA's indicators provide some relief for underwater bag-holders, with the RSI cooled-off to a significant degree at 25.70 - a clear oversold signal.While such a low reading on the RSI would normally indicate an imminent upside move, given the strong fundamental headwinds faced by Gala stemming from the irresponsible legal dispute between Co-Founders - it is likely the RSI will remain at an over-sold signal for a significant period of time.The MACD also offers a glimmer of hope, with the indicator currently stood with minor bullish divergence at 0.00009.Overall,<a href="https://cryptonews.com/coins/gala/"> GALA price action</a> is miserable here, with cascading tumbles continually creating new all-time lows, and a heated dispute at the steering wheel - downside action is likely to continue unless GALA can bounce above the 20DMA.<figure class="image"><img src="https://cimg.co/news/125331/331025/image.jpg" alt="" srcset="https://cimg.co/news/125331/331025/responsive-images/image___media_library_original_1634_901.jpg 1634w, https://cimg.co/news/125331/331025/responsive-images/image___media_library_original_1200_662.jpg 1200w, https://cimg.co/news/125331/331025/responsive-images/image___media_library_original_900_496.jpg 900w, https://cimg.co/news/125331/331025/responsive-images/image___media_library_original_720_397.jpg 720w, https://cimg.co/news/125331/331025/responsive-images/image___media_library_original_600_331.jpg 600w, https://cimg.co/news/125331/331025/responsive-images/image___media_library_original_300_165.jpg 300w" sizes="100vw" width="1634" class="content-img"><figcaption>TradingView / GALA USDT</figcaption></figure>To the upside, this leaves price action capped by moving average resistance at $0.015 (a potential +10.95%).While downside risk continues price exploration, with a tumble to lower trendline support at $0.0123 likely on the cards (a potential 9.02%).This leaves GALA facing a risk: reward profile of 1.21 - a mediocre entry, overshadowed by severe fundamental weakness.But while GALA holders face despair, smart money are undertaking a lucrative capital rotation into an emerging Bitcoin derivatives presale that offers the opportunity to supersize your portfolio's gains.<h2 id="strong-meet-bitcoin-bsc-delivering-a-new-era-of-bitcoin-staking-on-chain-with-4m-raised-strong">Meet Bitcoin BSC: Delivering a New Era of Bitcoin Staking On-Chain With +$4M Raised</h2><figure class="image"><img src="https://cimg.co/news/125331/331026/image.jpg" alt="" srcset="https://cimg.co/news/125331/331026/responsive-images/image___media_library_original_1080_1080.jpg 1080w, https://cimg.co/news/125331/331026/responsive-images/image___media_library_original_900_900.jpg 900w, https://cimg.co/news/125331/331026/responsive-images/image___media_library_original_720_720.jpg 720w, https://cimg.co/news/125331/331026/responsive-images/image___media_library_original_600_600.jpg 600w, https://cimg.co/news/125331/331026/responsive-images/image___media_library_original_300_300.jpg 300w" sizes="100vw" width="1080" class="content-img"><figcaption>Source / Bitcoin BSC</figcaption></figure>On-Chain Summer has given rise to an emerging vertical of Bitcoin off-shoot projects. While the term "Bitcoin derivative" might raise eyebrows, here&rsquo;s what it signifies: a digital asset that leverages the strengths of Bitcoin and, at the same time, offers enhancements to rectify its challenges.And with more than $4m raised this is what has markets so excited about <a href="https://www.bitcoinbsc.io/">Bitcoin BSC</a>.BTCBSC's commitment to retaining Bitcoin's cherished tokenomics, including the iconic 21 million token cap, ensures familiarity, while its unique offerings make it stand out.<figure class="media"><oembed url="https://www.youtube.com/watch?v=8Qao53iYKQE"></oembed></figure>One can't help but marvel at BTCBSC&rsquo;s integration with BSC (Binance Smart Chain), promising lightning-fast transaction times and minimal fees.Forget the 10+ minute wait times of traditional Bitcoin; with BTCBSC, your transactions are confirmed in under five seconds, all for a mere $0.10.This enhanced efficiency opens the door for broader usability, ensuring BTCBSC's relevance for a range of dApps, from microtransactions to significant financial remittances.But that's not all, BTCBSC's adoption of proof-of-stake over proof-of-work offers a greener, more sustainable mechanism that's in line with contemporary environmental concerns.By doing so, it ensures that the energy concerns that often plague traditional cryptocurrencies are a thing of the past.<a href="https://cryptonews.com/ext/bitcoin-bsc/en">&gt;&gt;&gt;&gt; Buy Bitcoin BSC Here &lt;&lt;&lt;&lt;</a><h2 id="strong-delivering-staking-to-bitcoin-how-proof-of-stake-changes-the-game-for-holders-strong">Delivering Staking to Bitcoin: How Proof of Stake Changes the Game for Holders</h2><figure class="image"><img src="https://cimg.co/news/125331/331027/image.jpg" alt="" srcset="https://cimg.co/news/125331/331027/responsive-images/image___media_library_original_1600_534.jpg 1600w, https://cimg.co/news/125331/331027/responsive-images/image___media_library_original_1200_401.jpg 1200w, https://cimg.co/news/125331/331027/responsive-images/image___media_library_original_900_300.jpg 900w, https://cimg.co/news/125331/331027/responsive-images/image___media_library_original_720_240.jpg 720w, https://cimg.co/news/125331/331027/responsive-images/image___media_library_original_600_200.jpg 600w, https://cimg.co/news/125331/331027/responsive-images/image___media_library_original_300_100.jpg 300w" sizes="100vw" width="1600" class="content-img"><figcaption>Source / Bitcoin BSC</figcaption></figure><a href="https://cryptonews.com/ext/bitcoin-bsc/en">BTCBSC</a> isn't just a token; it's an investment strategy - focused on: Staking, which has become a focal point in the DeFi space, takes center stage in the BTCBSC ecosystem.The benefits are two-fold: it offers token holders a lucrative yield (imagine an APY of 8-10%!) and it promotes long-term holding, reducing the notorious price volatility often seen with new crypto projects.By distributing a staggering 69% of the total token supply as staking rewards over 120 years, BTCBSC not only incentivizes holding but promises sustained and stable growth.<a href="https://cryptonews.com/ext/bitcoin-bsc/en">&gt;&gt;&gt;&gt; Buy Bitcoin BSC Here &lt;&lt;&lt;&lt;</a><h2 id="strong-seize-the-moment-the-btcbsc-presale-surges-to-3m-raised-in-first-week-strong">Seize the Moment: The BTCBSC Presale Surges to $3M+ Raised in First Week</h2><figure class="image"><img src="https://cimg.co/news/125331/331028/image.jpg" alt="" srcset="https://cimg.co/news/125331/331028/responsive-images/image___media_library_original_1600_575.jpg 1600w, https://cimg.co/news/125331/331028/responsive-images/image___media_library_original_1200_431.jpg 1200w, https://cimg.co/news/125331/331028/responsive-images/image___media_library_original_900_323.jpg 900w, https://cimg.co/news/125331/331028/responsive-images/image___media_library_original_720_259.jpg 720w, https://cimg.co/news/125331/331028/responsive-images/image___media_library_original_600_216.jpg 600w, https://cimg.co/news/125331/331028/responsive-images/image___media_library_original_300_108.jpg 300w" sizes="100vw" width="1600" class="content-img"><figcaption>Source / BTC BSC</figcaption></figure>Now comes the crux: the <a href="https://cryptonews.com/ext/bitcoin-bsc/en">BTCBSC presale</a> -a limited-time opportunity, the presale offers 29% of the total token supply to early participants at a tantalizing price of $0.99 per token.Comparing this to Bitcoin&rsquo;s 2011 price gives a nostalgic yet optimistic perspective on BTCBSC's potential.With liquidity already locked via Unicrypt and a soon-to-be launch on PancakeSwap, the prospects for BTCBSC are incredibly promising.The parallels to the surges seen in other Bitcoin derivatives, like BCH and BTC20, cannot be ignored.<figure class="image"><img src="https://cimg.co/news/125331/331029/image.jpg" alt="" srcset="https://cimg.co/news/125331/331029/responsive-images/image___media_library_original_1251_702.jpg 1251w, https://cimg.co/news/125331/331029/responsive-images/image___media_library_original_1200_673.jpg 1200w, https://cimg.co/news/125331/331029/responsive-images/image___media_library_original_900_505.jpg 900w, https://cimg.co/news/125331/331029/responsive-images/image___media_library_original_720_404.jpg 720w, https://cimg.co/news/125331/331029/responsive-images/image___media_library_original_600_337.jpg 600w, https://cimg.co/news/125331/331029/responsive-images/image___media_library_original_300_168.jpg 300w" sizes="100vw" width="1251" class="content-img"><figcaption>Source / Bitcoin BSC</figcaption></figure>BTCBSC is poised to not only emulate, but potentially surpass these successes, especially with its strategic staking model.So in ever volatile crypto markets, BTCBSC emerges as a beacon of innovation and promise - delivering advanced features, combined with the trustworthiness of Bitcoin's legacy, has seen BTCBSC break-out as a top tier investment opportunity.As the crypto community eagerly watches the BTCBSC journey, it&rsquo;s clear that this is more than just another token; it's a movement, a strategy, and most importantly, an opportunity.Join the future; join the BTCBSC revolution. Stay tuned for the<a href="https://icobench.com/"> latest ICOs</a>.<a href="https://cryptonews.com/ext/bitcoin-bsc/en">&gt;&gt;&gt;&gt; Buy Bitcoin BSC Here &lt;&lt;&lt;&lt;</a>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Is Gala Going to Zero? GALA Price Drops 1% as New Bitcoin Start-up Surges Past $4 Million Milestone

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