Shocking dips are hitting the least expected projects, and Gala (GALA) is one of the latest platforms to feel the heat of the bear pressure. With so many losses, users are pulling out massively, and the GALA price just got a 40% hit in the past four weeks.
Believe it or not, the interest of every crypto user now is where to save the rest of their assets and possibly get some profits to compensate for the falling market. And Anarchy’s just the place to go. With so many analysts and crypto veterans backing the token for massive returns, it’s no surprise Anarchy (ANA) is on the top list of meme coins to buy in 2023.
Is Anarchy (ANA) really as good as they say, or is the meme coin exaggerated? Find out for yourself.
Gala (GALA) Price Can’t Withstand The Pressure, Investors Pulling Out Investments
The entire cryptocurrency market is dipping considerably, but the GALA price got the worst deal in the past month, going down by about 40% in an intense bearish takeover. The Metaverse utility coin has seen some of its biggest whales leave as the Metaverse operations don’t seem to be attracting users for now.
Recently, a hacker scheme occurred shortly after the Gala (GALA) network’s latest contract address upgrade, per reports from Crypto News. There was a flaw in the updated upgrade, and the hackers took advantage of that to flood several exchanges with ‘old’ GALA tokens. X-plore, a crypto security researcher, reports a 1:1.2 ratio of new to old GALA coins in circulation.
This dilution of Gala’s token supply has negative implications for the GALA price and market capitalization. Both forms of GALA tokens are priced differently, so the price of new GALA coins will dip to balance the values of the freshly released ‘old’ GALA tokens.
That’s a picture of how far the GALA price has fallen and how it could dip even further if nothing happens soon. Anarchy (ANA) doesn’t have to deal with all that, as the meme coin has created its own agenda. The presale profits are only the start; there is more to come.
Watch out for Anarchy (ANA)!
Something huge is coming.
If you see this 👀
Then your early! pic.twitter.com/HssZ4ywwrJ
— ANARCHY (@anarchycoineth) June 10, 2023
Anarchy (ANA): Another Pepecoin-esque Launch In 2023
Anarchy is interested in changing the system using its memes. Like other memes, Anarchy will spread humor and good cheer in the crypto-verse. Unlike other memes, the platform will generate memes to criticize corrupt government officials and their policies that keep hard-working people in dreary 9-to-5 jobs without a chance to explore their dreams.
Here are some of Anarchy’s plans for its long-term members.
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Profits From DAO Projects
The DAO on Anarchy (ANA) will be the key platform for innovation on the network, as its members vote on which proposals get approved to become projects. The approved projects then bring various utilities to crypto users all over the crypto-verse, adding to Anarchy’s use cases.
The DAO treasury acts as the common purse for the community, collecting funds from the Anarchy (ANA) mainnet activity and redistributing profits from the approved projects. The Anarchy (ANA) developers have devised a software program, the Gnosis Safe protocol, which will prevent anyone from accessing the DAO treasury. Its multi-signature features will ensure that a particular number of administrators are online before allowing access.
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Deflationary Tokenomics
The Anarchy (ANA) project is aiming for a long-term existence where it will continue to be relevant to users in the cryptocurrency market. The vast token supply–about 69 billion tokens–could prevent the steady rise of ANA token prices and the Anarchy (ANA) market capitalization. This is why the deflationary measures were introduced into the platform’s code.
So, from every transaction on the Anarchy (ANA) mainnet, the platform burns 0.5% to reduce the overall token supply. The burn will cause token scarcity, leading to a rise in ANA price and market cap.
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