Gala Games: a massive 230% pump in one month for GALA

The Gala Games platform has been enjoying phenomenal success with investors for several weeks now. As we will see in this article, the price of the GALA token benefits from very favorable dynamics thanks to the successful development of various Play-to-Earn titles, as well as the launch of the DeFi activities of the platform with the arrival of GalaSwap. .


Updated on 10/3/2024 at 9:00 PM Léa

Gala Games logo.

Gala Games: GALA price jumps 230%

The price of GALA has increased by more than 40% in the last 24 hours. GALA is a brand Gala games, a platform that focuses its activities on the gaming sector. It offers a selection of feature games Play-to-Earn of which the most famous are Mirandus AND Spider tanks. Today, Gala Games represent one of the emblematic projects of this sector GameFi and has a market capitalization of more than $2.10 billion.

Users of the platform have real ownership rights to their virtual equipment and items obtained in the game. Players can also earn rewards in the form of tokens based on their performance. Note that the ecosystem a NFT of Gala Games are based on blockchain Ethereum.

Price Analysis: The price of GALA cryptocurrency has increased by more than 70% in a week.

The GALA token has skyrocketed and is now hovering around the price zone $0.08205. This movement is associated with a significant increase 59.36% in just over 24 hours and reflects its progress 77.64% for the past seven days. Amplification can also be observed 232.93% on a monthly basis, its starting price for the period is located at $0.02346.

The massive investor enthusiasm for GALA is reflected in a ROI (Relative Strength Index) of 68.43. However, this very high score indicates that the token is on the verge of coming into its own overbought zonewhich in the short term represents a negative signal for its price.

As a reminder, the GALA award was only $0.01293 at its most recent low point from October 2023. At the time, the company was in turmoil due to several lawsuits surrounding it Eric Schiermeyerdirector of the Gala Games.

However, the market’s appetite for this project does not seem to be waning, so it seems possible to see a break in the psychological threshold 0.1 dollar in the coming hours. It should be noted that this level has not been reached since a month May 2022.

TradingView chart for GALA
Source: TradingView

Momentum driven by the launch of GalaSwap

Gala Games management announced the launch at the end of February GalaSwapnovelty a decentralized exchange platform (DEX) developed on its own network viz GalaChain. Gala Games is riding on the wave of excitement generated by this launch, allowing it to take the next step in the gaming sector. decentralized finance (Call).

GalaSwap is able to achieve almost 2 million transactions per second and has lower fees than its competitors according to company reviews. By introducing this new tool, the GalaChain network not only expands the utility and reach of its ecosystem, but also promotes the consolidation of the DeFi sector in the eyes of the general public.

In addition, Gala Games created film and music divisions Festive movie AND Festive music (MUSIC), whose token price has evolved in parallel with GALA and has just landed at $0.1745 For 14.31% increase in the last 24 hours.

This initiative allows it to expand the field of entertainment in Web3 and do expand your user base by reaching out to new communities. In this logic of expansion, the company also started its software development kit (SDK) GalaChain in early February to attract new developers to its new network Layer 1.

What are the future prospects for GALA by Gala Games?

Although the ambition of Gala games they are what is particularly important is that the platform has solid features that allow it to consider a leading position in the sector GameFi. Nevertheless, it will be necessary for GALA to face other solid competitors, some of which are real giants such as Sky Mavisat the creation of the now famous Axis Infinity.

Due to its considerable topicality, however, the course of the GALA should continue in the following days. This increase will also be driven by positive dynamics bitcoinwhose price reaches the bar $69,600 at the time of writing this article.

⚠ This article is published for informational purposes only and should not be considered investment advice.

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