Is it too late to buy GALA? Gala price rebounded with an 18% gain and this casino token may be the best cryptocurrency to buy right now

adminMay 23, 2024

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Gala prices have bounced back, surging 18% in the last 24 hours. Traded at $0.04907 As of 7:25 a.m. EST, trading volume was down 5% to $571 million.

This surge follows the news that Gala Games has received back approximately $23 million worth of ETH from hackers who had previously exploited the network by issuing and selling hundreds of millions of dollars worth of GALA tokens.

I can’t check the address because it’s not on my computer. $GALA The exploiter has just returned the ETH he obtained through hacking! https://t.co/IfnfcQTlqL
— Jason Brink (aka BitBender) (@BitBenderBrink) May 21, 2024

Gala price reverses at strong support zone

The price of gala continues to fall and the downward trend continues.

Despite the pullback, the bulls have shown resilience and are building a solid support level, preventing the bears from rising further.

If the bulls can maintain this upward momentum at the support zone, they could push the price back up to $0.0634 to recoup the losses.

gala price

GALAUSDT analysis. Source: Tradingview.com

Price indicators suggest the possibility of a bullish rally as the price approaches the 50 and 200 simple moving averages (SMAs). Moreover, a moving average crossover is likely to occur, which could add to the overall bullish momentum.

Meanwhile, the relative strength index indicates a rebound from the midline of 50 to 70. Increasing buying pressure will keep the momentum moving into overbought territory.

Gala Price recovers eye ATH as support grows stronger

The price of Gala is showing strong signs of a bullish trend, bouncing off the support level at $0.04039. If this momentum continues, the price will rise to $0.06340. A break above this point could lead to an all-time high of $0.8248.

However, if the bulls lose strength, the bears may intervene and pull the price back to the $0.04039 support zone. If it falls below this, the next support level to watch will be $0.03405.

An Attractive GameFi Alternative – Next-Generation 100X Encryption?

Despite strong signs of a bullish trend in GALA, some investors are hedging their bets by diversifying. MegaDice (DICE)GameFi presales quickly raised over $1.3 million in funding.

DICE is the native token of Mega Dice Casino, a cryptocurrency casino and gaming platform that receives over $50 million in bets per month from over 10,000 active users. DICE holders enjoy over 4,000 casino games, access to over 50 sports and esports betting options, and earn passive income.

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mega dice We are also planning a $2.25 million airdrop prize over three seasons. Airdrop Season 2 has already started.

To get in on the action, all you have to do is bet $5,000 or more between May 15 and June 28 for a chance to win a share of the $750,000 airdrop. The maximum airdrop per player is $37,500. The more you bet, the higher your potential stakes.

Investors who purchase and hold DICE tokens can also enjoy exclusive NFTs and daily rewards based on casino performance.

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99Bitcoins, a YouTube channel with over 700,000 subscribers, says it could skyrocket as much as 100x once DICE launches.