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Gala price is among the best-performing play-to-earn (P2E) blockchain tokens in 2023, with gains exceeding 180% in 30 days. Investor attention has been picking up the pace in this sector of the crypto economy amidst the rise of new platforms like Meta Masters Guild (MEMAG) and Calvaria (RIA). The bar has been set higher, as gamers search for blockchain games they actually enjoy spending time playing.
Gala price has increased by 6.6% over the last 24 hours, although it has been moving sideways for nearly a week. Initially, the partnership between Gala Games and Dwayne Johnson (The Rock) earlier this month, ignited the rally, pulling the token above $0.04. The bulls’ aggressiveness extended the leg above a critical resistance, highlighted by the lower yellow band on the daily time frame chart below.
Although the 200-day Exponential Moving Average (EMA) (in purple), holding the ground at $0.05236 capped movement to the upside, Gala price tagged a new 2023 high at $0.0566 before retracing to trade at $0.0527 at the time of writing.
A daily close above the 200-day EMA is required to ensure the continuation of the uptrend, first to $0.07 and then stretch the bullish leg above $0.10. Meanwhile, with selling pressure coming from the 200-day EMA, the buyer congestion in the lower yellow band around $0.05 must come in handy to cushion GALA from a possible drop to $0.04.
The downward trend in the Money Flow Index (MFI) indicator hints at bearish volume surpassing the bullish volume. In other words, there are more people getting money out of GALA markets compared to the volume flowing in.
In that case, investors may consider waiting for Gala price to determine the direction it may take before placing new orders. Remember, there is no point in trading against the trend.
Traders looking to bet on new long positions in Gala price may do so as the price lifts above support at $0.05 (lower yellow band) if not the 200-day EMA. If declines intensify in the coming days, new entries should take place as GALA rebounds from the next support at $0.04.
Nevertheless, declines are unlikely to go past support at $0.05, especially now that the 50-day EMA (in red) is crossing above the 100-day EMA (in blue). This pattern reinforces the bullish grip on Gala price, which may eventually trigger another breakout to $0.1.
Gala Alternatives to Buy
Investors are looking toward altcoins that offer an opportunity for bigger returns in 2023. It would be prudent to consider the best crypto presales as additions to crypto portfolios. With these up-and-coming projects, investors can become early adopters and reap big upon their listing on exchanges.
Meta Masters Guild (MEMAG)
The team behind this ambitious play-to-earn (P2E) is banking on a simple yet critical approach to curve its way into the fast-growing crypto sector. Meta Masters Guild wants to offer blockchain-based games for free, unlike existing platforms like Axie Infinity, The Sandbox, and Decentraland, which require users to invest money in expensive NFTs before getting started.
In other words, Meta Masters Guild is promoting play-and-earn as an alternative to play-to-earn, where players can access the games without having to buy pricey NFTs or pay with many tokens. In this gaming ecosystem, users can make money while enjoying their favorite games.
Gems, an in-game currency that may be redeemed by converting to MEMAG, will be used to reward players. Additionally, when Meta Master Guild launches, users will stake MEMAG tokens to earn additional revenue. In-game NFTs can also be purchased with gems, and users can cash out by exchanging their gems for other crypto tokens like ETH.
Meta Masters Guild (MEMAG) is selling quickly with over $1.1 million raised in approximately three weeks. The first round of presales sold out within a week. Currently, investors can purchase 1 MEMAG for $0.01, but the price will rise in the next round.
Fight Out (FGHT)
The evolution of fitness industry has greatly benefited from blockchain technology in the past few years. Still, there are gaps preventing fitness enthusiasts from achieving their fullest potential, let alone earning from the effort they put into their journeys.
FightOut is a Move-to-Earn fitness app aiming to introduce an ecosystem that gamifies the fitness lifestyle. Unlike projects like STEPN which require high initial investments in NFT purchases, FightOut removes barriers to entry by making the process affordable to all.
An M2E fitness app will allow members to earn from the workouts and challenges they complete. FightOut stands from other M2E platforms by tracking user progress, rewarding hard work, and ensuring a seamless transition from Web2 to Web3.
Fight Out presale has brought in $3.28 million and continues to sell out fast; investors must hurry before the price starts increasing in 12-hour intervals.
C+Charge (CCHG)
A rising crypto project is here to make the enormous carbon credit industry accessible to individuals, mainly electric vehicle (EV) drivers. The Carbon credit market is projected to reach $2.44 trillion by 2027 but is currently dominated by major companies like Tesla.
C+Charge allows EV drivers to earn carbon credits sent straight to a dedicated app. As it expands, the project plans to partner with EV manufacturers to ensure the charging protocols are uniform.
CCHG token is the currency that will power the system; EV drivers will be able to pay for charging services with it, and charging station owners will also be paid with CCHG. C+Charge’s presale is ongoing, with $373k raised from selling 1 CCHG for 0.013 USDT.
Related Articles:
Meta Masters Guild – Play and Earn Crypto
- Innovative P2E NFT Games Library Launching in 2023
- Free to Play – No Barrier to Entry
- Putting the Fun Back Into Blockchain Games
- Rewards, Staking, In-Game NFTs
- Real-World Community of Gamers & Traders
- Round One of Token Sale Live Now – memag.io
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Source: https://insidebitcoins.com/news/why-gala-price-is-up-6-6-in-24-hours-to-0-052-on-massive-622-million-trading-volume