Gala Price Prediction – What’s Behind the Pump as Metaverse Games Coin Rockets 65%?
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.
The Gala Games mobile platform will allow uses to quickly download and play games, in turn, earning GALA tokens.
“Our recent acquisition is a massive lead forward in terms of being able to test and explore various tactics in the space. Is it too much to say that we saved equivalent of 15 years of development? Perhaps I’m pushing it a little but not too much. If I asked the team to build 15 complete mobile games… that might take 9-12 months per game,” Gala’s CEO, Satoru Kikugawa said in a statement to the community.”
Gala Price Skyrockets 120% In A Week, How High Can GALA Go?
Gala price bullish ascent over the last 24 hours has left many surprised, especially with major cryptos like Bitcoin (BTC) and Ethereum (ETH) sustaining a sideways trend. Support at $0.0150 allowed bulls to stage a coup as they took control of the trend.
Increased buying pressure from intraday traders and other investors built enough force behind GALA, culminating in the massive price action to $0.03759. Although buyers are in control, the uptrend seems to have taken a breather at the 50-day Exponential Moving Average (EMA) (in red) at $0.0402.
A break above this 50-day moving average could propel Gala price first to the 100-day EMA (in blue) at $0.08716 and later to $0.20 and its all-time high of $0.87. The Super Trend indicator has just flashed a buy signal on the same 3-day time frame chart, implying that buyers have the reins. Therefore, the path with the least resistance remains to the upside, at least for the time being.
Altcoins To Consider for Quicker Returns
Many investors may have missed the sudden bullish breakout in Gala price that has seen it surge 120% in a week. However, investors may be treated to even bigger gains if they consider several new crypto projects currently in their presale stages.
Calvaria is a crypto project aiming to be a frontrunner in the race to bridge the gap between the "real world" and crypto. The project involves speeding up crypto adoption via a play-to-earn battle card game.
The team hopes to be competitive within the Web2 gaming market by creating two game versions. One game version will be accessible via app stores such as Google Play and Apple Store.
On the other hand, the play-to-earn version (backed by blockchain functions) will admit all players without the many barriers to entry that often scares non-crypto users.
Like The Sandbox, RobotEra is working toward creating a metaverse world that connects to other virtual worlds. Users who sign up on this platform will have the opportunity to own land where they can bring up other assets and offer different services.
TARO is the native token that will power the metaverse ecosystem, allowing users to carry out their in-world transactions. Some activities to look forward to in RobotEra include play-to-earn games, attending events and mining TARO. RobotEra’s presale has been selling fast with $691k raised ahead of its first exchange listing.
Tamadoge is a play-to-earn (P2E) crypto project that is inspired by the Tamagotchi/dog meme and aims to add significant value to its TAMA cryptocurrency token. TAMA is the cryptocurrency token that will be used in the Tamaverse, a web3 ecosystem where users can create, breed, and care for digital dogs called Tamadoge pets.
As owners of Tamadoge pets engage with the Tamaverse, they will earn Dogepoints, and the users with the most Dogepoints at the end of each month will be able to claim rewards from the monthly Dogepool. In the future, Tamadoge pet owners will also be able to use their pets to play games and compete against each other for prizes in the Tamadoge Arcade, which will be a key part of the Tamaverse ecosystem.
Battle Infinity (IBAT)
IBAT is the cryptocurrency token that powers Battle Infinity, a blockchain gaming platform that has been gaining a lot of attention. On Battle Infinity, players can purchase non-fungible tokens (NFTs) representing real-world athletes and use them to build teams. Players can also search for and switch out players by accessing the in-app marketplace for the corresponding NFTs.
The goal in Battle Infinity is to earn points through competition. Teams earn points based on the real-world performances of their players, and the NFTs also earn points as player performances change. At the end of each season, the team with the highest number of points in the league is declared the winner, and the player is rewarded with IBAT tokens.
Dash 2 Trade (D2T)
Veteran traders and experts from Learn2Trad have come together to launch one of the crypto industry’s best analytics platforms. Dash 2 Trade aims to bring the same expertise to crypto markets by providing accurate trading signals and social analytics on on-chain data to maximize their profits at all times.
A strategy builder equipped with the latest technical indicators and with real-time data from top exchanges will see traders come up with backtested strategies that they can share with others in a social trading forum.
Dash 2 Trade ended a few days ago but the team is still allowing investors to by the prelisting price of $0.0556. The token will make its first debut on a CEX on Wednesday 11, January 2022.
Investors interested in the niche M2E sector of the crypto economy are looking no further than FightOut. The team behind the new M2E ecosystem is eliminating all barriers to entry to provide an opportunity for everyone to benefit from living a healthy lifestyle. At FightOut, a healthy lifestyle means more than just weights and machines.
Every workout is personalized according to user needs, goals, and abilities. Bringing down the current prohibitive costs associated with the fitness industry is FightOut's biggest goal. In reality, community members would be rewarded for their effort, progress, and the value that such a lifestyle brings to the wider society.
FightOut presale has raised $2.78 million whil offering a 50% bonus for purchases made before the $5 million threshold.
Update - new metaverse gaming related presales are constantly coming onto the market, and the latest launched this week is Meta Masters Guild.
Read more about that project and the updated Gala price action here.
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