GALA Price Explodes By 101%; Will It Surge More Ahead?

GALA Price News: GALA price has risen by 26% in the last 24 hours as the crypto market registers a broad recovery. Its trading volume is up by 81%, and in the last 7 days, its price surged by 101%. However, the recent price surge is the direct result of the back-to-back updates from the Gala Games.

GALA token has been in the trend due to its recent announcement of a collaboration with “The Rock”. Its price registered a massive surge of nearly 70% on Monday, reaching its highest level since September 13 at around $0.05.

GALA Games Tunning with Spider Tank

In the most recent update, GALA Games confirms that they are working with Spider Tanks to make the gameplay and earning easier. There were significant improvements suggested. 2 $Silk can now be transferred per day, increasing the player’s honor. Any action that raises your honor score will earn you 25% more honor.

However, now every new player will receive 300 honors. These modifications will enhance the game. Following this announcement, GALA prices began to rise.

GALA Price increases

Source: Coinmarketcap

Gala’s price at the time of writing is $0.04988, with a market capitalization of $ 1.77 B and a 24-hour trading volume up by 81%. Now it stands at $917 million. At the same time, the circulating supply is approximately 6,977,205,436 GALA as per the crypto market tracker CoinMarketCap.

Earlier Gala Games collaborated with The Rock

American actors The Rock and Mark Wahlberg have teamed up with The Gala Games to produce a few movies. Twitter was used to announce this partnership.

The new movies are created at GoGalaFilms, which also houses the GoGalaMusic music label. The emergence of GALA as the fuel token for GoGalaFilms and GoGalaMusic was good news for the cryptocurrency.  After some time, Gala Games removes the tweet that announced their agreement with the rock.

However, the now-deleted tweet stated,

“You’ve seen their work on screen, but I think their presence might be even more powerful off the screen and we are so happy to get the chance to work with them,”.

According to the technical charts, the Gala prices have experienced a significant uptrend along with higher volume, which suggests that some institutional buyers may have taken long positions. In the upcoming months, expect outperformance as well.

Also Read: 5 Ways To Analyse IGOs Platform In 2023

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.