Gala token It has seen a huge increase of 60% in the last 24 hours. The token price performed well after the developers announced a significant partnership with The Rock and a change in business model.
After experiencing a big drop in 2022, the GALA price has increased by 130% year-to-date (YTD). So does this recovery have more bullish potential?
Co-founder of Zynga, a blockchain He founded Gala Games, a gaming business. Take-Two Interactive acquired Zynga in 2022 in a $12 billion deal. The company’s goal was to develop a gaming environment where players are willing to spend their time. Many users have stopped playing popular blockchain games like Axie Infinity and Sandbox over the past few months.
Just a little bit of information regarding our ongoing work with @TheRock and @markwahlberg.$GALA is the gas token in @GoGalaFilms and @GoGalaMusic as well! pic.twitter.com/u9fdXoNte1
NEWS CONTINUES BELOW— Gala Games (@GoGalaGames) January 9, 2023
The price of this token increased after the developers released a new pivot level. Two films are currently in development by the producers, with actors The Rock and Mark Wahlberg, two of the biggest names in the entertainment industry. According to the statement from the app developers, movie ticket purchasers will be able to scan a QR code to win digital rewards.
Another factor that increases the price of GALA is that the developers have recently turned to mobile. Users will be able to easily download and play games and earn GALA tokens as they do so.
Gala Price Analysis
As we know as Koinfinans.com, the GALA token was $0.03807 at the time of writing, with a market cap of around $1.3 billion. The 24-hour trading volume increased by 392.96%. Currently, it seems to have stopped at the level of 900 million dollars. Additionally, the circulating supply is around 6,977,205,436.
