$G is not a new coin. Gal coin changed it's name to $G and splitted in the ratio 1:60. If you were holding gal at the time of conversion you would have made 50% profit as $G launched 50% above the price of $gal.

Now many people are saying it's bearish because it's newly launched but I don't think so as it is only renamed.

In my perspective as we know these type of renamed coins do pump after launch so I expect a pump to $0.08 to $0.1 in coming hours/days.