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.

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.