Token

Read

Gala

Gala Games and Animoca Brands have recently made a major partnership that will enhance the experience and trading of the GALA token. This partnership is expected to improve the trading conditions of one of the most popular tokens used in the gaming industry in the crypto space. In addition to serving as a market maker for the GALA token, Animoca Brands intends to become a validator on GalaChain in the near future. 
<h3 style="text-align: justify;" id="span-span-data-font-font-size-style-font-size-16px-what-s-the-news-span-span">What’s the News?</h3>
To enhance the trading of the GALA token, Gala Games and Animoca Brands have partnered, as disclosed in the press release on July 3. Gala’s Treasury will provide Animoca Brands, a famous game software company and venture capital firm, with GALA tokens for liquidity provisioning services. The goal of this partnership is to promote the proper trading of GALA tokens and stabilize the market and traders’ confidence.
Animoca Brands’ involvement doesn’t stop at liquidity provisioning. The company has announced plans to become a GalaChain validator, although the specific timeline for this development remains uncertain.&nbsp;Currently, Animoca Brands runs nine Gala Founder’s Nodes, which proves its willingness to contribute to Gala Games’ development. Gala Games is a company that focuses on the decentralization of gaming the&nbsp;transfer of ownership of items in the game to the players and the development of decentralized video games.
The announcement of this partnership has attracted a lot of attention from the gaming and <a href="https://www.coingabbar.com/en/crypto-blogs-details/bitcoin-outpaces-ronin-in-nft-sales" title="NFT" class="f-link" rel="noopener noreferrer nofollow">NFT </a>space and many hope that it will have a positive effect on the GALA token. This announcement has already affected the market behavior as can be seen by the sharp increase in the price of GALA. Despite a recent 4% drop amid a broader crypto market selloff, the GALA token has shown resilience, currently trading at $0.02623. The token’s 24-hour low and high were $0.02596 and $0.02796, respectively.
Additionally, the trading volume of GALA has increased by 38% in the last 24 hours, which is a clear indication that traders are interested in the token. In the derivatives market, there has been a shift of focus to GALA futures, open interest in GALA futures has risen to 2.35 billion after it had recently dropped. This kind of interest is a positive sign that traders expect the token to perform better in the future.
<h4 style="text-align: justify;">Conclusion</h4>
This collaboration between Gala Games and Animoca Brands is a great achievement for the GALA <a href="https://www.coingabbar.com/en/crypto-currency-news/crypto-projects-to-release-major-token-holdings-in-july" title="token" class="f-link" rel="noopener noreferrer nofollow">token </a>and other crypto games. Thus, Animoca Brands is to perform the significant function as a liquidity provider and GalaChain validator that would contribute to the GALA token’s stability and trading conditions. With Gala Games’ efforts to decentralize the gaming industry, this partnership with Animoca Brands could mean more exciting things for GALA and its people in the future.
Read More: <a href="https://www.coingabbar.com/en/crypto-currency-news/paxos-expands-global-reach-with-singapore-approval" title="Paxos Expands Global Reach With Singapore Approval" class="f-link" rel="noopener noreferrer nofollow">Paxos Expands Global Reach With Singapore Approval</a>

Gala Games and Animoca Brands Join Forces, Surges GALA Token

Table of Contents

Coingabbar

Other articles published on Jul 3, 2024

BEAM volume pumps 217%, price drives up 10.83%: What’s next?

Ethereum Price Prediction: As K33 Says ETH Will Outperform BTC After ETH ETF Launches, Top Analys...

MoonBag Prospers as the Best Presale in 2024 While Theta and Book of Meme Struggle to Compete wit...

Investors Prepare For Lunar Success As MoonBag Emerges, While Bonk And Render Face Investment Cha...

WELL3 Announces WELL Token Listing on Bybit, Bitget and Gate.io

RCO Finance Gets Ready for 3,000% Rally While Crypto AI Tokens FET and AGIX Lose Momentum

Join our free newsletter for daily crypto updates!