GALA, Token festival The gaming and entertainment ecosystem saw a surge in prices on Tuesday. GalaSwap launchedall Decentralized Exchange (DEX) runs on the new layer 1 GalaChain network that rewards traders.
According to data from CoinGecko, GALA surged from around $0.033 before the news broke Tuesday morning to a recent high of $0.042 six hours later, up 27% in that range. As of this writing, the price has stabilized at just over $0.039, which is still up 17% in the last 24 hours.
Tuesday’s higher prices represent a 10-month high for GALA. It was last surpassed the $0.04 level in April 2023. GALA is currently up nearly 70% over the last 30 days, but is well down from its all-time high of $0.82. It is set in 2021.
GALA is one of many gaming tokens that have seen significant gains in recent weeks as the broader cryptocurrency market recovers. Bitcoin‘s recent gains peaked at: Highest price $61,000 It also helped propel other gaming tokens on Wednesday morning for the first time since 2021.
IMX token is Immutable Game NetworkFor example, according to CoinGecko, it is up 76% over the past month and ranks among the top 25 overall cryptocurrencies by market capitalization. The BEAM gaming token is also up 95% in the last 30 days. illuvium gameILV token rose 68% over the same period.
But for GALA, the biggest leap came right after news broke that GalaSwap had launched. GalaSwap says it offers fast and cheap transactions on the GalaChain layer 1 network. DEXs also offer trading rewards to users and referral incentives to attract additional users.
Gala is a publisher that has developed the following games: Champions Arena and Legacy, and also operates music and film divisions.
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