Price Analysis

Why did GALA Price Rose by More than 100% in the Past 48 hours?

Author: Sahana Vibhute

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A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Story Highlights
  • The Gala price received a huge bullish momentum in the past couple of days due to which the value of the token surged by more than 110%

  • The recent partnerships and collaborations appear to have highly impacted the crypto price which has now risen above the bearish captivity

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. Presently, the price is heading towards the next crucial level which is at a distance of 35% from the current levels. 

Why GALA Price is Rising? Will the Token Eliminate a Zero From Its Value?

The Gala developers recently revealed a significant partnership with The Rock and also introduced a change in its business model which enabled the price to undergo a major comeback. The price rose massively soon after the founder of Zynga, a blockchain gaming business founded by Gala games announced the partnership. 

https://twitter.com/GoGalaGames/status/1612299581731086337

The price received enough bullish momentum as the developers revealed a new development. Two of the biggest personalities in the entertainment business, The Rock & Mark Wahlberg are believed to develop two movies. The people who wish to purchase the movie tickets may scan the QR code and win a digital prize. 

As the number of mobile users has been constantly increasing, the possibility of downloading the game rises high. The GALA price after a gigantic rise appears to be undergoing a minor correction but the bulls seemed to be poised to keep up the bullish trend. However, the buying volume appears to have been rising high which may overcome the bearish action. 

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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