Nonfungible tokens (NFTs) and play-to-earn gaming are two of the most popular tendencies within the crypto sector as a result of every presents new avenues for attracting customers and the distinctive character of every area of interest permits members to generate wealth moderately than having to spend cash to develop into part of the group.
Gala Video games, a blockchain-gaming-focused undertaking that enables customers to make use of their distinctive NFT characters in gameplay, noticed its GALA token etch out vital good points after Binance introduced plans to record the GALA token.
Knowledge from Cointelegraph Markets Pro and TradingView reveals that after hitting a low of $0.021 on Sept. 12, the worth of GALA catapulted 270% to an intraday excessive at $0.077 on Sept. 13 as its 24-hour buying and selling quantity skyrocketed.
The sudden burst in buying and selling quantity and the worth breakout shortly after GALA listed on Binance, a improvement that has traditionally led to fast value actions.
— Binance (@binance) September 13, 2021
GALA’s fundamentals are in its rising NFT ecosystem
The Binance itemizing helped kickstart the current momentum for GALA, however the undertaking has been steadily constructing its platform and gaining momentum for a number of months now because the NFT sector was booming.
On August 11, Gala Video games efficiently accomplished the primary sale of VOX, the undertaking’s predominant NFT providing, which offered out in lower than eight minutes, regardless of points with community congestion and excessive gasoline costs.
Along with the VOX sale, Gala Video games has launched new updates for its widespread City Star recreation and the undertaking has teased particulars about new video games like Spidertanks.
With these newest strikes, GALA might be trying to comply with the trail laid out by different profitable play-to-earn video games like Axie Infinity, which has seen its highest priced Axies promote for 300 Ether (ETH) and Illuvium (ILV), which noticed the worth of its native ILV token surge from $33.30 to a excessive of $613 in lower than three months with solely a minimal viable product.
The views and opinions expressed listed below are solely these of the creator and don’t essentially replicate the views of Cointelegraph.com. Each funding and buying and selling transfer entails danger, it is best to conduct your individual analysis when making a call.