Hamster

Hamster Kombat

mini

Catizen

Gala

Gala Games token continued its recovery this week as demand for gaming cryptocurrencies rebounded. 
Gala (<a href="https://crypto.news/price/gala/" target="_blank">GALA</a>) jumped to a high of $0.0217, its highest point since Aug. 27, and 61% above its lowest level this year. This rebound has brought its market valuation to over $859 million. 
Gala’s recovery occurred as other gaming tokens like Immutable X (<a href="https://crypto.news/price/immutablex/" target="_blank">IMX</a>), Beam (BEAM), and Ronin (<a href="https://crypto.news/price/ronin/" target="_blank">RON</a>) rallied. All these coins have risen by over 20% in the last seven days. As a result, the total market capitalization of all gaming tokens tracked by <a href="https://www.coingecko.com/en/categories/gaming" target="_blank" rel="nofollow">CoinGecko</a> has jumped to over $17.16 billion. 
 You might also like: <a rel="" href="https://crypto.news/karrat-token-rallies-but-dilution-and-concentration-risks-remain/"> Karrat token rallies but dilution and concentration risks remain </a> 
Gala’s rally is also linked to a recent post on X, in which the developers teased a major announcement expected this week. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🎮 BIG ANNOUNCEMENT COMING SOON! 🎮 A massive announcement is dropping next week, and if you’re not in Benefactor’s Channel, you’re missing out on the action! 🔥<a rel="nofollow" href="https://t.co/Cd0oxT1His" target="_blank">https://t.co/Cd0oxT1His</a> 🎮 Join Benefactor's Channel NOW!<a href="https://twitter.com/hashtag/GalaGamesX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#GalaGamesX</a> <a href="https://twitter.com/hashtag/BigAnnouncement?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#BigAnnouncement</a> <a href="https://twitter.com/hashtag/NextLevelAlpha?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#NextLevelAlpha</a> <a href="https://twitter.com/hashtag/DeFiGaming?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#DeFiGaming</a> <a rel="nofollow" href="https://t.co/QiJQCTJbKV" target="_blank">pic.twitter.com/QiJQCTJbKV</a>— Gala Games (@GoGalaGames) <a href="https://twitter.com/GoGalaGames/status/1837294511652753573?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 21, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
It is still too early to predict the nature of the announcement, but based on past statements, there are indications that it could involve the launch of TREZ, an upcoming token for Gala’s tap-to-earn ecosystem. 
In a statement earlier this year, the developers noted that its tap-to-earn ecosystem had accumulated over 3 million users across games like GALACoin, Music Coin, and Treasure Tapper. 
Telegram <a href="https://crypto.news/tap-to-earn-games/" target="_blank">tap-to-earn</a> games have become highly popular among users, and Gala hopes to become a significant player in this space. Most of the existing games like Hamster Kombat, Notcoin, Catizen, and Avecoin have chosen to operate on the TON Blockchain, which was developed by Telegram. 
 You might also like: <a rel="" href="https://crypto.news/hamster-kombat-futures-tight-range-ahead-airdrop/"> Hamster Kombat futures in tight range ahead of highly-anticipated airdrop </a> 
Tap-to-earn networks allow users to accumulate tokens by tapping a button on a mini app or completing simple tasks, such as following an X account or watching YouTube videos. 
Users accumulate tokens and can cash out when an airdrop occurs. Networks like Catizen and Notcoin have already launched their airdrops, with their tokens valued at over $300 million and $786 million, respectively. 
<h2 class="wp-block-heading" id="gala-token-hits-a-key-resistance">Gala token hits a key resistance</h2> 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="3574" height="1982" src="https://crypto.news/app/uploads/2024/09/Gala-Price.png" alt="Gala price" class="wp-image-14299513">
 <figcaption class="wp-element-caption">
 Gala Games token | Chart by <a href="https://www.tradingview.com/symbols/GALAUSD/?exchange=BINANCE" target="_blank" rel="nofollow">TradingView</a>
 </figcaption>
</figure> 
The Gala token bottomed out at $0.0134 in August and has since bounced back by over 60% to $0.021. It recently crossed the 50-day moving average and retested the key resistance point at $0.021, its highest swing since Aug. 25, and the neckline of the double-bottom pattern. 
The Relative Strength Index and the moving average convergence/divergence indicators have continued rising, meaning that it has momentum.&nbsp; 
Therefore, Gala will likely continue rising as bulls target the next key resistance point at $0.027, its highest point on July 21.

Gala Games token surges ahead of a big ecosystem news

목차

crypto.news

2024년 9월 24일에 게재된 다른 기사

John Deaton Accuses Warren and Gensler of Blocking Crypto Growth with Unclear Rules

Menguji Potensi Altseason Berikutnya

Ripple’s Chris Larsen Unnerves XRP Community with Latest Transfers

Crypto AI:CON Gathers the Brightest AI and Blockchain Minds in Lisbon

Cardano and Solana Slow Down as Investors Turn to New Altcoin Under $0.1

Critical Alert For SHIB Army

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!