After the BTC ETF is approved by the SEC, institutional funds buy in large quantities, pushing BTC to rise and driving the entire crypto market to enter a bull market. So, for investors who are accustomed to a bear market conservative mindset, how should they change their strategies to adapt to a bull market? For Web2 users who are about to enter, how to make the most of Web3 is also a topic worth discussing.
Investment strategies under the positive news, starting with Galxe
When it comes to cultivating Web3, we have to mention Galxe. Galxe is a permissionless self-sovereign identity infrastructure. Under the mechanism of zero-knowledge proofs, users will be able to securely and privately own, manage, and share verifiable credentials. Builders can use various tools provided by Galxe to build Sybil prevention algorithms, reputation systems, credit systems, personal data markets, decentralized censorship systems, and more.
Galxe is currently the most active and user-rich Web3 task data platform, and the majority of project teams release activities and interactive tasks through Galxe, while also establishing their own communities. Every day, millions of investors and blockchain players visit Galxe and submit various activities and task data.
In my opinion, Galxe is more like a bridge connecting project teams and users, providing a stage for project teams to showcase their projects and a channel for investors to understand the projects. It can also create communities, cultivate community members, and help projects launch and acquire users.
Galxe provides basic services such as Galxe OAT and NFT as credentials for community participation in activities to identify real users in the community. Galxe ID represents the multi-chain identity of users on the chain, and the Galxe Credential API is the interface that connects project task data, including DApp interactions and other data, as well as off-chain data such as Twitter likes or Discord group interactions.
In addition, Galxe recently launched the Astronaut Ranking System, which mainly evaluates the level of user participation on the Galxe platform and the contribution to the DC server. It includes activity participation, loyalty points, Web3 scores, and Galxe OG NFT. Based on these active weights, participants can obtain more early Web3 dividends through three levels: gold, silver, and bronze.
Galxe uses a series of Web3 on-chain and off-chain data to strengthen the connection between project teams and community members, which also indicates that Galxe primarily serves project teams and communities in various Web3 tracks, and this is also the key to Galxe's rise.
Opportunities for Galxe in the bull market
After the bull market arrives, there will be four groups that play a significant role in driving the bull market process: users, investors, investment funds, and high-quality projects. The market atmosphere must be in place and cannot lack the joint efforts of these groups. Galxe seizes these three points and becomes a potential rising star in the bull market.
1. Cultivating Web3 users
The continuous rise in the market will undoubtedly attract more new investors to enter, and these users will become the fresh blood of the cryptocurrency market. As newcomers to blockchain, their demand for learning and experiencing Web3 projects is also very high. If entering the crypto market only involves buying and selling tokens on CEX, the promotion of Web3 will be minimal. The charm of blockchain lies in its ability to provide different scenes from the existing Internet, including the completely different user experience brought by various decentralized apps. These are the skills that new investors must master, so investor education becomes a necessity.
Galxe provides a platform for investors to familiarize themselves with Web3 projects through practical operations by allowing project teams to release interactive tasks. Investors can earn points, rewards, or NFTs through these activities, which is crucial for the cultivation of newcomers to Web3 and the blockchain industry. It has become a necessary step for entering Web3.
2. Support for project promotion
The blockchain industry attracts a large amount of capital, investors, and entrepreneurs, and it will also give birth to a large number of projects. These projects will emerge one after another in the bull market. Investors who have studied projects know that a project needs not only technical strength but also marketing skills to make more investors aware of its potential. In the bull market, many high-quality projects have the need to make users aware of them and join their communities.
Through task activities, users can discover high-quality projects on Galxe and learn about them through these activities, and then participate in the projects. This promotes the further increase in the project's valuation and the value of its token. Galxe's platform influence naturally brings more traffic to project teams, which is essential for project teams.
3. Control from funds to projects
For investment funds, in recent years, the downward trend of the global economy has made the investment market very sluggish. In the bull market, with the rise of the market, funds from traditional investment fields will also enter. Even during the bear market period in 2023, the annual return rate of cryptocurrencies was much higher than other markets. Therefore, there is no reason for funds to miss this opportunity in the bull market of 2024.
In addition to providing a gateway to Web3, a large amount of funds will also be deployed in Web3 projects. Therefore, there are many opportunities for early-stage projects in the bull market. Galxe provides a platform for these early-stage projects to cold-start and showcase to users and investors. With the help of Galxe, users and investment funds can quickly and accurately understand information about the project's community, popularity, and actual applications as a reference.
Galxe recommends teams with excellent backgrounds to conduct task activities on the platform. Top project teams such as Polygon, Optimism, Arbitrum, and Linea have chosen to release their own community task activities on Galxe. Especially in the early stages of project development, it is very important for investors, which also facilitates investors' early layout of projects to obtain substantial returns.
Analysis of GAL's positive factors
When the bull market arrives, many project teams have marketing and DApp user experience and usage needs, which are the main points and positive factors for Galxe in the bull market.
The total supply of GAL tokens is 200 million, and the current circulation is about 100 million, with a market value of 330 million, ranking 213th on Coingecko. It raised a total of $25 million in multiple rounds of financing before listing and raised $15 million through public sale on Coinlist, with a total financing amount of $40 million. With more than half of the token's circulation, the unlocking pressure is relatively low, and the overall market value is not high, without much hype. The fundamental of the token is very good, with high expectations.
In terms of application scenarios, in addition to governance voting, GAL tokens are mainly used for project developers to pay for credential data. Project teams collect community data, such as user preferences, through the Galxe interface, which allows them to adjust their development direction in a timely manner, making it easier for projects to gain attention.
Through Galxe activities, project teams can quickly understand the early development of projects, including stress testing and user feedback on bugs, which helps project teams develop better products. Some activities can also deepen the impression and status of project teams in the minds of community users, reducing the difficulty of later publicity.
Project teams can use GAL to obtain information about project technology and community through the Galxe platform, which better supports the growth of early-stage projects. The value of GAL tokens will be further enhanced, and the token price will also receive positive factors. For community users, participating in project interactions and community activities can also receive potential airdrops and point rewards, creating a win-win situation.
The gateway to Web3
Blockchain and Web3 are not just places for investment or speculation. Although the bull market can attract a large number of speculative investors, each bull market will also have many insightful people willing to stay and become the seeds of the next bull market. Of course, the market can also bring the expected returns to these layouters.
Similarly, Galxe, as a bridge between project teams and user investors, also plays a crucial role in this process. A decentralized community is not just a few chat groups or simple voting or feature development. It is a combination of these things. Galxe caters to this demand and can bring more momentum to the industry in this track.
★
Want to get more information?
Add WeChat: Chloe95117
Follow the official account: B Chain Story