According to statistics from Coingecko, the native token of Gala Games, $GALA, has increased by 142% during the previous week.
Gala Games, a prominent blockchain-based pay-to-earn platform, has announced a number of significant improvements during the last few days. These advancements have had a somewhat optimistic impact on $GALA, its native cryptocurrency. Within 48 hours, the ERC-20 token rose from $0.023 to $0.045, representing an amazing bullish run of almost 100 percent.
Gala Games announced earlier today that it has acquired Ember Entertainment, the developer of the popular play-to-earn game The Walking Dead: Empires. The creation of this game engaged both companies, and speculations of the purchase had been circulating for days.
The deal allows Gala to recruit more than 20 million active users. Two high-priority games, Dragon Strike and Meow Match are presently the focus of the platform’s efforts, according to an update. Both games will be incorporated into the layer 1 blockchain of the platform and utilise $GALA as gas costs. According to the platform’s creators, fifty percent of the gas will be burnt, while the remainder would be allocated to node operators, ecosystem founders, and ecosystem partners.
Gala Games also announced relationships with prominent Hollywood actors Dwayne Johnson and Mark Wahlberg, in addition to the purchase. In addition, the GALA token will be used to fuel the company’s primary play-to-earn game, Townstar. All $TOWN tokens will be exchanged at a rate of 2:1 for GALA.
Earlier morning, opportunistic degen traders began shorting the GALA token, putting a halt to the coin’s remarkable bull run. The traders predicted that the story would lose its momentum and the token will fix itself. According to data from CoinMarketCap, $GALA is now trading at $0.042. Recent events have caused its trade volume to soar to levels not seen since March 2022.
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