Gala Price Prediction – What’s Behind the Pump as Metaverse Games Coin Rockets 65%?
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission.
Gala price rises to the helm of crypto recovery with a 56% move to $0.03759. The metaverse token has shocked market participants with its trading volume jumping by 495% to $992 million in 24 hours. Intriguingly, the optimistic outlook for GALA seems intact and might even carry on as the day’s trading progresses.
Why is Gala Price Rallying?
The massive breakout in Gala price may be attributed to a strategic partnership the ecosystem’s development team announced with The Rock. Moreover, the team has been working around the clock to changethe business model, while encouraging community participation through Twitter Spaces.
Gala Games and Dwayne Johnson, popularly known as The Rock have signed a collaboration contract but first, let us look into a brief history of this metaverse project. Eric Schiermeyer, the co-founder of Gala Games is the veteran gaming legend who also co-founded Zynga. Zynga is one of the world’s leading developers of popular social games, played by millions of people around the world every day.
However, in 2022 Take-Two Interactive bought Zynga in a deal worth $12 billion. Gala Games, on the other hand, is a blockchain games startup concentrating on building a gaming environment where players enjoy spending time.
The platform’s business model has been changing over the last year since the many gamers have been staying away from blockchain games such as The Sandbox and Axie Infinity.
The spike in Gala price shows that the community appreciates the changes and developments the team is working on. Similarly, the collaboration with The Rock serves as a fresh pivot. The Rock and Mark Wahlberg, two most significant names in the entertainment scene, have two separate movies in production.
According to a statement released by the app developers, users within the Gala ecosystem will be able to scan a QR code to buy movie tickets and win selected digital prizes even on Netflix. The Gala Games development team has recently been digressing toward mobile services and the platform’s users seem to have appreciated the move.