The crypto market is in one other full restoration mode and bitcoin has since crossed the elusive $17,000 value stage. Nonetheless, whereas the biggest digital belongings within the area are seeing lots of inexperienced, one underdog is taking the area by storm. GALA is correct on the prime of the checklist of gainers for the previous 24 hours, surpassing second-place Zilliqa (ZIL) by a substantial margin.
Why Is GALA Pumping So A lot?
Within the early hours of Monday, Gala Video games took to Twitter to announce a brand new partnership. The blockchain gaming firm which had been engaged on its movie initiatives revealed that it had gotten film stars Dwayne “The Rock” Johnson and Mark Wahlberg to star in its movie. However this was not the one bullish growth of the corporate.
One other revelation from the Twitter submit was that moviegoers would be capable to scan a QR code on a bought ticket to assert a digital merchandise that’s being bought on totally different marketplaces. Moreover, Gala Video games additionally put one other use case the place QR codes might pop as much as declare an merchandise whereas viewers had been watching a film on a streaming platform reminiscent of Netflix. “That merchandise has been promoting on OpenSea so why wouldn’t you at the least have a look?” the announcement mentioned.
The GALA token matches into all of this by being the fuel token of Gala Movie, which is the blockchain that powers the movie arm. These things from the flicks will not be restricted to Gala customers, so people who wish to declare gadgets from the scanned QR codes might want to buy GALA tokens to make use of as fuel charges; due to this fact growing the demand for the cryptocurrency.
Just a bit bit of data concerning our ongoing work with @TheRock and @markwahlberg.$GALA is the fuel token in @GoGalaFilms and @GoGalaMusic as effectively! pic.twitter.com/u9fdXoNte1
— Gala Video games (@GoGalaGames) January 9, 2023
Main Crypto Market Positive factors
The worth of GALA has responded positively to the information of Johnson and Wahlberg working with the ecosystem. It has seen the highest good points of any digital asset during the last 24 hours, rising over 67% on this time interval, greater than 100% of the good points posted by ZIL (29%) which is the second-highest within the area.
GALA tops checklist of gainers | Supply: Coinmarketcap
It has worn out losses from GALA during the last week and the coin is now seeing good points above 114% within the 7-day interval. Curiously, it is a digital asset with a lower than $300 million market cap, however buying and selling quantity for the final day was virtually $1 billion, an virtually 400% improve from the day past.
GALA is at the moment altering palms at a value of $0.0366 on the time of this writing after being rejected on the $0.04 resistance level. This has now develop into the extent to beat and if the bulls are in a position to pull above $0.04 whereas the buying and selling quantity stays elevated, then it is going to flip this to help and attain $0.045.
GALA jumps 60% to $0.038 | Supply: GALAUSD on TradingView.com
