Gala Games (GALA), one of the popular metaverse coin projects, has risen by 60 percent over the last 24 hours. Well, what is behind the leap in question in this period when the market moves horizontally? Here are the price movements of GALA and the developments that trigger the price…
Popular metaverse coin outperforms most cryptos
Gala has increased by 60 percent in the last 24 hours. Moreover, the coin has recorded a significant increase in value by 120 percent in the last 7 days. The coin has increased by 100 percent in the last 14 days. After posting a big drop in 2022, the GALA price has increased by 130 percent from year-to-date (YTD).
Behind Gala’s rise, there is important partnership news. The coin’s steep rise came after the developers formed an important partnership with The Rock. Also, after the developers announced the change in the business model, the Gala price made an incredible comeback. So will this comeback have the potential to create more rallies? Given that cryptocurrencies are highly volatile, only time will tell.
Gala Games and Dwayne Johnson collaboration
As Cryptokoin.com also reported, Gala Games aims to take the game industry in a different direction by giving players back control over their games. According to their own statement, Gala Games’ mission is to make “Blockchain games you really want to play.” The founding partner of Zynga founded Gala Games. In 2022, Take-Two Interactive acquired Zynga in a $12 billion deal. Gala Games’ goal 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 past few months.
The price of this token increased after the developers revealed a new news. Currently, the producers are developing two films with actors The Rock and Mark Wahlberg, two of the biggest names in the entertainment industry. According to the statement from the app developers, those who buy movie tickets will be able to scan a QR code to win digital rewards. The recent turn of developers into the mobile space is another factor that drives up the price of GALA. Users can easily download and play their games and earn GALA tokens while playing.
https://twitter.com/GoGalaGames/status/162299581731086337
Gala’s price at the time of this writing was $0.03722, its market capitalization was $1.3 billion, and its 24-hour trading volume was up 392.96%. It now stands at $900 million. At the same time, the circulating supply is approximately 6,977,205,436 GALA. It is worth noting that despite its most recent rise, the coin is still some 95 percent below its all-time high of $0.82. GALA broke this record on November 26, 2021.
