Why is Gala (GALA) crypto gaining attention?


Despite a slump in the crypto market, the Gala (GALA) crypto rallied over 13% on Tuesday morning. The GALA token’s trading volume rose over 59% in the last 24 hours. Overall, the crypto market fell 3.13% to US$940.13 billion in the same period.

Let’s explore more about the GALA token.

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What is Gala (GALA) crypto?

The Gala Games project aims to provide players with the controls to in-game assets and other decision-making powers over updates and functions. It mainly focuses on making blockchain games.

Gala hopes to attract and infuse creative thinking into blockchain games by sharing these powers with players. Using the GALA token, players can not only purchase the non-fungible tokens (NFTs) but can also participate in the governance of the Gala ecosystem.

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Furthermore, players would have a say on what games the project should develop or which games should receive funding through the Gala founder’s nodes voting mechanism.

The token can be traded on exchanges like Sushiswap, Gate.io, KuCoin, etc.

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The GALA crypto gained investors’ attention after recently announcing its partnership with Epic Games Store, one of the leading non-blockchain gaming firms. Gala also has many new games in the pipeline and runs its platform on the Ethereum and Binance smart chain ecosystems.

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Data Source: CoinMarketCap.com

Bottom Line:

The GALA token was priced at US$0.06218 at 9:39 am ET on June 14, up 13.61%, while its volume for the trailing 24 hours rose 59.12% to US$556.91 million. It has a market cap of US$432.98 million, and its fully diluted market cap is US$2.14 billion.

The token has a total supply of 35.24 billion, and its current circulating supply is around 6.98 billion. It returned gains of 517.61% in the past 12 months. The GALA crypto saw the highest price of US$0.1005 and the lowest price of US$0.05077 in the last 30 days.

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