Gala Games (GALA) rallies 265% shortly after Binance listing announcement

An trade listing and a foray into NFTs and play-to-earn gaming again GALA’s 270% rally to a brand new excessive.

Gala Games (GALA) rallies 265% shortly after Binance listing announcement

Nonfungible tokens (NFTs) and play-to-earn gaming are two of the most well liked tendencies within the crypto sector as a result of every presents new avenues for attracting customers and the distinctive character of every area of interest permits contributors to generate wealth relatively than having to spend cash to turn into part of the neighborhood.

Gala Games, a blockchain-gaming-focused mission that enables customers to make use of their distinctive NFT characters in gameplay, noticed its GALA token etch out vital positive aspects after Binance introduced plans to checklist the GALA token.

Data from Cointelegraph Markets Pro and TradingView exhibits that after hitting a low of $0.021 on Sept. 12, the worth of GALA catapulted 270% to an intraday excessive at $0.077 on Sept. 13 as its 24-hour buying and selling quantity skyrocketed.

The sudden burst in buying and selling quantity and the worth breakout shortly after GALA listed on Binance, a improvement that has traditionally led to fast worth actions.

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GALA’s fundamentals are in its rising NFT ecosystem

The Binance listing helped kickstart the current momentum for GALA, however the mission has been steadily constructing its platform and gaining momentum for a number of months now because the NFT sector was booming.

On August 11, Gala Games efficiently accomplished the primary sale of VOX, the mission’s principal NFT providing, which bought out in lower than eight minutes, regardless of  points with community congestion and excessive fuel costs.

In addition to the VOX sale, Gala Games has launched new updates for its widespread Town Star recreation and the mission has teased particulars about new video games like Spidertanks.

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With these newest strikes, GALA might be trying to observe the trail laid out by different profitable play-to-earn video games like Axie Infinity, which has seen its highest priced Axies promote for 300 Ether (ETH) and Illuvium (ILV), which noticed the worth of its native ILV token surge from $33.30 to a excessive of $613 in lower than three months with solely a minimal viable product.

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John Lesley/ author of the article

John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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