GALA Price Skyrockets By 62%; What’s Happening Here?
GALA Price News: The gala token has surged by a massive 60 percent in the last 24 hours. It happens after the developers disclosed a significant partnership with The Rock and a change in its business model, the Gala price made an amazing comeback.
After registering a mega fall in 2022, GALA price has jumped by a whopping 130% on the year to date (YTD) basis. So is this rebound have the potential to create more running space?
Gala Games and Dwayne Johnson collab
The co-founder of Zynga founded Gala Games, a blockchain gaming business. In 2022, Take-Two Interactive acquired Zynga in a $12 billion deal. The aim of Gala Games is to develop a gaming environment where players are willing to spend time. Many users have stopped playing popular blockchain games like Axie Infinity and Sandbox over the last few months.
Just a little bit of information regarding our ongoing work with @TheRock and @markwahlberg.$GALA is the gas token in @GoGalaFilms and @GoGalaMusic as well! pic.twitter.com/u9fdXoNte1
— Gala Games (@GoGalaGames) January 9, 2023
Also Read: What Is Real Estate NFT? What Impact Is It Having On The Real Estate Sector?
The price of this token increased after the developers revealed a new pivot. Two movies are currently being developed by the producers with actors The Rock and Mark Wahlberg, two of the biggest names in the entertainment business. Purchasers of the movie tickets will be able to scan a QR code to win digital prizes, according to a statement from the app developers.
The developers’ recent shift toward mobile is another factor driving up the price of GALA. Users will be able to easily download and play its games, and as they do so, they will earn GALA tokens.
Also Read: What is NFTs Rarity? Why Is Rarity Important For NFTs?
Gala Price Analysis
Gala’s price at the time of writing is $0.03807, with a market capitalization of $ 1.3 B and a 24-hour trading volume up by 392.96%. Now it stands at $900 million. At the same time, the circulating supply is approximately 6,977,205,436 GALA.
- Ripple Partners with Ondo Finance to Tokenize U.S. Treasuries on XRPL
- Ethereum Exchange Supply Drops 52% as $3,700 Liquidation Risk Grows
- XRP News: mXRP Vault Surpasses $22M as Investors Capitalize on Staking Rewards
- Galaxy Digital CEO Calls Next Fed Chair Bitcoin’s Bull Catalyst, Sets $200K BTC Target
- Experts Claim Bitcoin Crash to $94,334 Ahead As BTC Dominance Rebounds
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
- Solana Price Set for Recovery Amid Wyckoff Accumulation and Canary Capital ETF Filing
- Avalanche Price Could Surge to $50 as Transactions Jump 200%
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
