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Some cryptocurrencies have even made their all-time highs at the height of the bear market

Across the brutally beaten crypto market, altcoins are beginning to show their first signs of a potential recovery following a nearly 90% drawdown in most assets.

Despite recent crypto market declines, Gala (GALA) remains up 163% in last 30 days

Amidst the new year recovery in the crypto market, the GALA coin price showcased a nearly perpendicular growth in the daily chart. The coin price has gained 230% since January 1st and currently trades at the $0.052 mark.

The cryptocurrency market has been on a roll in 2023, with Bitcoin (BTC) leading the charge. Despite initial concerns about regulations and bankruptcies, the market has shrugged off any negative sentiment and continues to perform well.

BitBender opines that people's perception of basic concepts was a major factor in the confusing sentiments around the Pay-by-Burn mechanism.

Bitcoin (CRYPTO: BTC) recorded losses this morning, with the cryptocurrency prices tumbling below the $21,000 level on Thursday. Ethereum (CRYPTO: ETH), also traded higher, falling below the key $1,600 mark on Thursday.

GALA was down 12.2% at $0.044, in line with current market declines

Bitcoin is standing strong above $21,200, effectively withstanding all the bearish pressure over the past few days. The bulls seem to be currently accumulating strength for the next price action which may uplift the price close to $25,000.

The Fear and Greed Index is 52 Neutral and is +1 from Tuesday's reading of 51 Neutral

Bitcoin (CRYPTO: BTC) traded higher this morning, with the cryptocurrency prices surpassing the $21,000 level on Tuesday. Ethereum (CRYPTO: ETH), also traded higher, approaching the key $1,600 mark on Tuesday.

On January 8th, the GALA coin price gave a decisive breakout from a seven-month-long falling wedge pattern. The post-breakout rally surged the altcoin to $0.544, registering an 81% gain in the last 10 days.

GALA token soars another 16%, monthly returns become absurd

They are among the best performing cryptocurrencies

Despite the fact that the performance of a large number of cryptocurrencies has improved in the last few weeks, certain assets are still worth monitoring due to their rate of increase and their potential impact on the entire cryptocurrency market. For the week beginning January 16, these top 5 crypto should be on the radar of investors.

The crypto market continues to witness a significant uptick, with Bitcoin (BTC) leading the charge after months of sideways trading. The rally is the result of a combination of positive macroeconomic news and possible easing regulatory concerns in China.

To add excitement to the drama, Gala posted and deleted a tweet announcing partnerships with Dwayne “The Rock” Johnson and Mark Walhberg – and then summarily deleted the tweet without explanation. That move may have impacted prices, which dropped 20% to 4 cents.

On January 8th, the GALA coin price gave a massive breakout from the falling wedge pattern. This pattern displaces itself as two converging trendlines leading a downtrend until the prices break the overhead trendline.

Gala Games (CRYPTO: GALA) posted and then quickly deleted a tweet declaring a partnership with former-WWE star turned actor, and recent “Black Adam” star, Dwayne “The Rock” Johnson, saying it was posted by mistake. On Jan. 9, blockchain gaming platform Gala tweeted a big announcement regarding a project with Johnson.

The now-defunct cryptocurrency exchange FTX had a negative impact on the SHIB coin. It is the 16th largest cryptocurrency today, with a market capitalization of $4.9 billion.

GALA Price News: GALA price has risen by 26% in the last 24 hours as the crypto market registers a broad recovery. However, the recent price surge is the direct result of the back-to-back updates from the Gala Games.

Last week numerous altcoins increased significantly, led by Gala (GALA) which posted triple digit gains. The post GALA and Aptos (APT) Spearhead the Altcoins Gaining the Most in Price This Week appeared first on BeInCrypto.

Gala Games' native token, GALA, is sinking after the blockchain-based gaming platform deleted a tweet announcing a partnership with A-list Hollywood stars, including Dwayne "The Rock" Johnson. Despite the pullback, GALA is still up over 130% for the month, leading the rally among gaming tokens.

Gala Film appears to be working with both stars on documentary film projects, but deleted a tweet that helped spur a massive token surge.