Gala (GALA) surges 33% in one day, here's why GALArmy GALACoin NFTgaming CryptoGaming $GALA GALA Blockchain GalaGames BlockchainGaming
While interest in gaming and metaverse tokens seems to be reviving, related tokens such as Decentraland and Sandbox were enjoying gains of as much as 12% at the time of writing. Other positive factors might have contributed to GALA's spectacular price gain.A glance through the official Twitter handle of the Gala Games platform reveals ongoing discussions for its expansion in 2023.
According to a screenshot of a Discord conversation posted, 15 mobile games are being evaluated to be onboarded. Gala Games also announced that it has acquired a mobile gaming studio with over 20 million users. The GALA community is also pushing for"complete burns," which are 100% of the GALA tokens used in purchases on the platform.
Gala Games is also developing a Layer-1 blockchain that will use the GALA token as gas; 50% of the gas collected will be burned, and the rest will be redistributed to founders, node owners and ecosystem partners. On the upside, GALA has crossed above the $0.022 barrier at the daily MA 50, which has constrained its price action since early November 2022. A sustained break above this barrier might trigger further upside moves. In this scenario, GALA might target the daily MA 200 at $0.04 and then the $0.048 level next.
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