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Highlights
- At 3 AM EST, the GALA crypto was trading at US$ 0.05937 per token.
- Gala Games is not just one game; rather, it provides a wide selection of several blockchain games.
- As of writing, there were 6.98 billion GALA tokens in circulation.
The price of Gala (GALA) crypto jumped 11.3 per cent over the previous day and caught investors' attention on Tuesday morning. Notably, the virtual currency market's valuation had bounced back above the US$ 1 trillion mark at the time of writing.
According to CoinMarketCap, the valuation of the global cryptocurrencies was at US$ 1.02 trillion after increasing by 2.1 per cent in the last 24 hours.
At 3 AM EST, the GALA crypto was trading at US$ 0.05937 per token, and its 24-hour volume had skyrocketed over 120 per cent to US$ 488.5 million.
Why is Gala crypto gaining traction?
Intending to change the game business, Gala Games launched the cryptocurrency token GALA. The company has already seen some intriguing projects debut on its network and the project Spider Tanks, which recently debuted its lite paper, is the most recent example.
On July 16, the play-to-earn crypto announced the launch of the lite paper of the Spider Tanks, and its AMA is on July 19. The GALA crypto could be gaining traction due to this reason.
The project will now concentrate on releasing a roadmap, which GAMEDIA will soon disclose. There will then be a significant update, which will be revealed in due course once it is ready. The Spider Tanks Mac early release build is now in the works, but the team has already noted that many more updates will be coming shortly.
Also, some users said they enjoyed Gala Games' Last Expedition, a Web3 survival FPS game. Jake Browatzke, a Twitter user, said playing the Last Expedition game is fun.
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Gala Games is not just one game; rather, it provides a wide selection of several blockchain games. As the gaming industry continues to gain popularity, blockchain-based gaming projects could gain momentum in the future.
Bottom line
As of writing, there were 6.98 billion GALA tokens in circulation, and its total supply is 35.2 billion. Despite the rise in its price, the GALA crypto is still significantly down from its all-time high of US$ 0.8367 apiece.
The virtual currency is one of the mainstream tokens and trades on crypto exchanges like BingX, Binance, OKX, and MEXC. If you are interested in the GALA crypto, then it is advisable to understand the risks of investing in the digital currency market.
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