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A popular metaverse gaming altcoin built on the Ethereum (ETH) blockchain is leveling up as its community reacts to an announcement of a partnership with two major celebrities.
In response to a falling wedge pattern, the Gala token price witnessed a directional downfall for the past eight months. During this fall, the coin prices have reverted from the pattern converging trendline multiple times, indicating the traders are actively responding to this pattern and would do the same for its potential target.
The crypto market is in another full recovery mode and bitcoin has since crossed the elusive $17,000 price level. However, while the largest digital assets in the space are seeing a lot of green, one underdog is taking the space by storm.
Gala Games is working on a Layer-1 blockchain that will use $Gala for gas fees.
Bitcoin (CRYPTO: BTC) traded higher this morning following the release of jobs data on Friday, with prices surging past the key $17,000 level. Ethereum (CRYPTO: ETH), also moved higher, trading above the key $1,300 mark on Monday.
Gala price had been trading within bearish captivity for quite a long time, though out the year 2022. The token quickly gained bullish momentum and broke the crucial $0.28 levels in the past few hours.
Gala (GALA) announces big news for its film arm
Gala price rises to the helm of crypto recovery with a 56% move to $0.03759. The metaverse token has shocked market participants with its trading volume jumping by 495% to $992 million in 24 hours. Intriguingly, the optimistic outlook for GALA seems intact and might even carry on as the day's trading progresses.
The recent price performance of Gala took the crypto community by surprise. The post Bears in disbelief as Gala defies crypto winter, jumping 60% appeared first on CryptoSlate.
In the last 24 hours, Solana surged 20% while GALA crypto surged 60%. A far cry from the market's 2% gain over the same time frame.
The latest in crypto, spanning from the Gala exploit through Ada and Shiba inu news
GALA Price News: The gala token has surged by a massive 60 percent in the last 24 hours. It happens after the developers disclosed a significant partnership with The Rock and a change in its business model, the Gala price made an amazing comeback.
Gala price made a spectacular comeback after the developers announced a major partnership with The Rock and a shift of its business model
GALA kicking off new year with impressive price action
Gala price has crawled back in 2023 amid rising optimism in the crypto industry. The token rose from a low of $0.0156 to a high of $0.018.
There are several cryptocurrencies whose prices are behaving slightly differently from the general trend in crypto markets
Top 5 Game Coins To invest in Before Entering 2023: Gaming is one of the fastest-growing industries, which shows huge potential in the crypto market. However, amid the recent downfall, these gaming tokens witnessed a heavy toll and were discounted by large extended.
Gala crypto is down by 5 percent in today's trading session, extending the bearish trend that has seen its value drop by over 10% this week
Gala Games Crypto Price Prediction: The GALA coin price falling under the influence of two converging trendlines showcased the formation of a wedge pattern in the daily time frame chart. Though this pattern is currently carrying a downtrend, in theory, it is marked as a bullish continuation pattern.
The Fear and Greed Index is 29 Fear and is +4 from Tuesday's reading of 25 Extreme Fear
The Gala crypto price is poised to continue with its abysmal performance in the markets, with today's trading session showing a drop of 2%.
According to a panel of experts at a Fortune conference last week, businesses across a variety of industries are using the metaverse to operate more productively and effectively, but the consumer market for this technology is still in its infancy. According to a report from Citi, the metaverse economy could be worth between $8 trillion to $13 trillion by 2030.
The fake news put into circulation was immediately debunked
Gala Games publishes coveted shooter Web 3.0 game on Steam without support for NFTs to allure platform's 120 million users.
