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Stay Tuned with MEXC Global (01/09/2023)
GALA soared over 38.45% higher on January 9, as altcoins experienced a significant uptick. The coin is now trading at $0.04764 after reaching highs last seen at the end of October 2022. How did this native token that powers Gala Games end up disappearing? Gala Games is a blockchain gaming platform, in case you didn't know, and they recently published some exciting, positive news regarding The Rock.
GALA Price Skyrockets by 82.33%; Here’s Why (Source: Gala Games)
On January 8, Gala Games tweeted that its business strategy had changed and that they will be working closely with Dwayne Johnson (a.k.a. The Rock). In addition, the GALA token is now also used as the gas token in Gala Films and Gala Music. (For some reason, this tweet was deleted by Gala Games on January 9).
Two movies starring The Rock and Mark Wahlberg, two of the biggest names in the entertainment business, are currently in production. Movie ticket holders will be able to scan a QR code to win digital prizes, the app's makers said in a statement. The recent change in developer focus toward mobile is another factor driving up the price. Downloading and playing the games is easy, and doing so will earn you native tokens.
Price Analysis of Gala Games (GALA)
The token presently has a $1.6 billion fully diluted market cap and a $1.48 billion 24-hour trading volume. Additionally, there are approximately 6,977,205,436 tokens in circulation. On January 6, the token's price increased by about 30%, marking its first significant increase.
It experienced a negligible decline of about 0.72% the very next day. Yesterday's official tweet caused the price to rise by 47.56 percent. The token's price has increased by 38.45% today, trading at $0.04764, as it continues its bull run. At the time of writing, the price had soared by 82.33% (1W) as compared to the previous week.
Final Thoughts
A significant development in the blockchain gaming sector is the new partnership with The Rock. In my opinion, blockchain gaming is the way of the future of gaming. With full control over in-game items, players can play and earn tokens using the Play-to-Earn (P2E) paradigm. It gives players extra reasons and incentives to play.
GALA soared over 38.45% higher on January 9, as altcoins experienced a significant uptick. The coin is now trading at $0.04764 after reaching highs last seen at the end of October 2022. How did this native token that powers Gala Games end up disappearing? Gala Games is a blockchain gaming platform, in case you didn't know, and they recently published some exciting, positive news regarding The Rock.
GALA Price Skyrockets by 82.33%; Here’s Why (Source: Gala Games)
On January 8, Gala Games tweeted that its business strategy had changed and that they will be working closely with Dwayne Johnson (a.k.a. The Rock). In addition, the GALA token is now also used as the gas token in Gala Films and Gala Music. (For some reason, this tweet was deleted by Gala Games on January 9).
Two movies starring The Rock and Mark Wahlberg, two of the biggest names in the entertainment business, are currently in production. Movie ticket holders will be able to scan a QR code to win digital prizes, the app's makers said in a statement. The recent change in developer focus toward mobile is another factor driving up the price. Downloading and playing the games is easy, and doing so will earn you native tokens.
Price Analysis of Gala Games (GALA)
The token presently has a $1.6 billion fully diluted market cap and a $1.48 billion 24-hour trading volume. Additionally, there are approximately 6,977,205,436 tokens in circulation. On January 6, the token's price increased by about 30%, marking its first significant increase.
It experienced a negligible decline of about 0.72% the very next day. Yesterday's official tweet caused the price to rise by 47.56 percent. The token's price has increased by 38.45% today, trading at $0.04764, as it continues its bull run. At the time of writing, the price had soared by 82.33% (1W) as compared to the previous week.
Final Thoughts
A significant development in the blockchain gaming sector is the new partnership with The Rock. In my opinion, blockchain gaming is the way of the future of gaming. With full control over in-game items, players can play and earn tokens using the Play-to-Earn (P2E) paradigm. It gives players extra reasons and incentives to play.
