What is G, and why did it fall so much after it went online? At what price can I buy it?

G is replaced by the original GAL token at a ratio of 1:60. After the launch, the price of G fell from $0.6 to $0.52, proving that the short-selling strategy has been profitable. On July 19, I introduced and warned of the depreciation trend of G.

Brand upgrades and token swaps are usually aimed at reducing the number of tokens to increase their value. If the swap is 1:1 or increases the number of tokens, it usually leads to depreciation. For example, RNDR fell after a 1:1 swap, and FET merged AGIX and Ocean after the brand upgrade, increasing the number of tokens and also causing the price to fall. The actual value of the project has not changed, and the increase in the number of tokens will naturally lead to a drop in price.

So, when is it more appropriate to buy G? Before the swap, the price of GAL was about $2.5, which is about $0.4 at 60. Therefore, I think it is more reasonable to buy G between $0.41 and $0.45, which is the bottom price of Binance spot opening. After buying, you can sell it at around $0.5 to make a profit. It is not recommended to hold it for a long time, because I am not optimistic about the long-term prospects of G, this is just a short-term trading opportunity.