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Highlights
- Gala has been gaining ground following its listing of the NFT game Town Star on OKEX.
- GALA is a multiple blockchain game that operates on Ethereum and Binance Smart Chain protocol.
- According to CoinMarketCap, the GALA is trading at US $0.267544 with a 24-hour trading volume of US $4,254,917,039.
GALA Games’ (GALA) is making deep impact on the market as one of the biggest crypto gainers on Thursday, 18 November. In fact, GALA has attracted investors throughout the month. The latest spike is because of its TOWN STAR NFT listing on the Seychelles-based cryptocurrency exchange OKEX.
OKEX opened its TOWN deposit from 2:00 am on 18 November, this news lifted the spirits of the investors who are showing their full support to GALA token. Besides, OKEX listing, GALA was also buoyed by the Coinbase Pro listing, which took place on 16 November.
The momentum has seen GALA’s volume soar over 178% and price gain by 59.78%. GALA, which is the native token of the Gala Games, has been getting traction since the advent of the metaverse. The users can make the most of the NFT characters to influence the governance of the games within its ecosystem.
Blockchain games and GALA
With the blockchain games becoming fast popular, the likes of the Sandbox, Gala Games, Decentraland, Axie Infinity have gained prominence. With the blockchain game developers increasingly encouraging gamers to make unique NFT characters which would allow them to enjoy the game with their personalised characters.
Also read: Crypto.com Arena deal: Can cryptos be ignored anymore?
GALA, too, is a multiple blockchain game that allows gamers to make unique NFT characters and use them to play and trade and earn. Powered by two blockchain networks – Ethereum and Binance Smart Chain, it enables the users to run Gala Nodes, and in return, they earn rewards. The Gala Node ecosystem works through a triple-proof node system – proof-of-work (PoW), proof-of-stake (PoS) and proof-of-storage.
How is GALA Faring?
According to CoinMarketCap, GALA is trading at US $0.267544 with a 24-hour trading volume of US $4,254,917,039. At the time of writing (BST 2:19 pm), GALA was up by 59.78% in the last 24 hours with a live market cap of US $1,866,709,560 and has a circulating supply of 6,977,205,436 GALA coins.
Also read: Binance crypto ad: Appeasing regulators or advocating future?
Conclusion
GALA crypto has hit the right chord of investors with its investment potential. The metaverse boom along with the NFT boom, which we have witnessed this year, GALA could be one of the viable cryptos to invest in. The OKEX listing and the Coinbase Pro listing have created enough interest in the GALA crypto that its momentum could last for some time.
