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Gala Price

Gala Price(GALA)

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GALA
1 GALA =
USD $0.0513327
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Last updated 2023/01/24 12:13 (UTC)
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$ 0.0513327
+0.95%
(1D)

GALA Price Live Data

The live price of Gala is $ 0.0513327 per (GALA / USD) today with a current market cap of $ 358.16M USD. 24-hour trading volume is $ 575.31M USD. GALA to USD price is updated in real-time. Gala is +0.95% in the last 24 hours. It has a circulating supply of 6.98B USD.
GALA Price Performance USD
ChangeAmount%
Today$ 0.0004885+0.95%
30 Days$ 0.0909408+177.16%
60 Days$ 0.0541254+105.44%
90 Days$ 0.0251193+48.93%

GALA Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 0.0510483
High: $ 0.0559858
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 0.8366855
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
+0.13%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
+0.95%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
-5.94%
The percent change in trading volume for this asset compared to 7 days ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
-5.94%
The percent change in trading volume for this asset compared to 7 days ago.

GALA Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#101
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 358.16M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 575.31M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
6.98B
Circulating supply shows the number of coins or tokens that have been issued so far.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
6.98B
Circulating supply shows the number of coins or tokens that have been issued so far.

About Gala

Gala (GALA) is a blockchain-based ecosystem that integrates non-fungible tokens (NFTs) into games. The Gala Games platform aims to function as a scalable blockchain platform through which blockchain-based and play-to-earn (P2E) games can launch and operate. Gala price is updated live on Binance.

Gala Games gives players control over game development — anyone can submit a game development idea to the platform, after which GALA nodes vote on proposals they want to see launched via Gala. 

Gala aims to create an interoperable gaming ecosystem that provides players with blockchain-based ownership over the assets they earn or win in games, using GALA as a fungible currency that makes it possible to transfer value between games operating on the Gala Games platform. 

In-game items collected by Gala Games players can be traded, sold, or stored independently of the games in which they exist. To date, Gala Games has launched a wide range of games that include notable names such as Battlestar Galactica.

People Also Ask: Other Questions About Gala

  1. What is GALA Used For?

    GALA is an Ethereum-based token used as a means of value exchange among Gala Games players. GALA is used as a peer-to-peer (P2P) payment currency, to reward nodes that participate in network operations, and to participate in the Gala Games governance and voting system.

  2. How Do Network Consensus and Validation Work on Gala?

    Gala uses a triple-proof node system that incorporates proof-of-work in order to secure the Gala blockchain, Proof of Stake to facilitate voting and governance, and Proof of Storage to provide games with storage features. 

     

  3. Who is the Gala Founder?

    Gala Games was founded by Zynga co-founder Eric Schiermeyer in July 2019.

  4. What is the Maximum Token Supply of GALA?

    GALA is limited to 35.24 billion tokens.

  5. What Makes Gala Different?

    Gala Games provides a decentralized framework through which blockchain-based games can offer players gaming NFTs and tokenized in-game assets that can be freely traded across different games. The unique governance model of Gala Games allows players and network participants to support the development of games that appeal to them through stake-based voting.

  6. How to Buy Gala?

    Gala can be purchased directly from Binance using a debit or credit card. Gala can also be traded for other cryptocurrencies on the Binance exchange. Live Gala price is updated in real-time on Binance. For additional instructions and information, users can read our How to Buy Gala (GALA) Guide.

Top News
Gala Games Deletes Tweet Announcing Partnership With Hollywood Star The Rock; Native Token Drops
Gala Games' native token, GALA, stumbled after the blockchain-based gaming platform Gala Games deleted a tweet announcing a partnership with A-list Hollywood stars. Monday's tweet that the company was working with Dwayne "The Rock" Johnson and Mark Wahlberg helped lift GALA over 70% to $0.051, the highest since Sept. 13, CoinDesk data show. Gala Games deleted the tweet without any explanation, and the token is now more than 20% lower at $0.039. "We are, as you’re reading this, developing two films with the Rock (aka Dwayne Johnson) and Mark Wahlberg! Two absolutely huge forces in the entertainment industry. You’ve seen their work on screen, but I think their presence might be even more powerful off the screen and we are so happy to get the chance to work with them," the now-deleted tweet said, according to an image posted on Discord. The tweet added that under the partnership, users within the Gala ecosystem would be able to scan a QR code to buy movie tickets for Dwayne's movies and win digital prizes on Netflix. CoinDesk reached out to Gala Games on their official Twitter handle and awaited a response at press time. The company's silence has drawn the ire of crypto enthusiasts on Twitter, with several handles questioning the genuineness of the initial announcement and calling for shorting, or taking investment positions that bet on a decline in, the cryptocurrency. Short $GALA ??? This big tweat deleted by Twiter #GALA FIlm with big star artist Just gimic^^ #GALAUSDT #Crypto #cryptocurrency https://t.co/o6cE1uhY8v pic.twitter.com/hqG4VQBG46— PenPenTwo (@PenPenTwo) January 9, 2023 The funding rates in the perpetual futures market tied to the GALA token were profoundly negative early Wednesday, indicating a bearish bias in the market. Paid every eight hours, funding rates refer to the cost of holding bullish long or bearish short positions. A negative figure implies shorts are paying longs to keep the position open and the leverage is skewed on the bearish side. "Gala’s perp funding rate trades deeply negative, a sign that some traders expect prices to resume lower in the near future. If not, then we could see a lot of short covering as perp open interest has exploded," Markus Thielen, head of research and strategy at Matrixport, said. GALA still leads the rally in gaming tokens Despite the pullback, GALA is still up over 130% for the month, leading the rally among gaming tokens. Ethereum-based virtual reality gaming platform The Sandbox's SAND has risen 30%, while Decentraland's MANA has gained 22%. Other notable gaming coins with double-digit gains are play-to-earn giant Axie Inifinity's AXS token, Yield Guild Games' YGG and Illuvium's ILV tokens. GALA's performance is noteworthy, considering its triple-digit rally outshines the 80% surge in LDO, the governance token of liquid staking giant Lido Finance. LDO topped the list of best-performing cryptocurrencies with a market value above $1 billion. Market leaders bitcoin and ether have chalked up a meager 5% and 11% gains. The uptick in gaming tokens, a high-risk sub-sector that took center stage during the tail end of the 2021 bull market, perhaps indicates a risk revival in the crypto market.
Omkar Godbole - CoinDesk
2023-01-11
Omkar Godbole - CoinDesk
2023-01-11
January Effect: Why Crypto Altcoins Started 2023 With A Bang
All across the brutally beaten crypto market, altcoins are beginning to show their first signs of a potential recovery following a nearly 90% drawdown in most assets. But could the recovery be due to a calendar-based phenomenon called the January effect?Crypto Altcoins Explode To Start Off The New YearTake a look at CoinMarketCap’s top crypto gainers and losers over the last seven days, and the returns from many top altcoins are reminiscent of the previous bull market in Bitcoin and other coins.GALA, for example, tops the list with 138% growth in the last week. Lido DAO is right behind with 61% in a week. Dozens of altcoins have surged 20% or more in the same timeframe. Even specific altcoins caught up in the FTX-related fallout, such as Solana, have posted the largest monthly bullish candle since August 2021.January, and 2023, are off to quite the start for anyone daring enough to buy the dip. But why exactly are altcoins experiencing such strong performance relative to Bitcoin or Ethereum, which have climbed roughly 5 and 10% during the same timeframe?The answer could be something called the “January effect” – a calendar effect that takes place during the month of January. Other calendar effects in financial markets include “sell in May and go away,” the Halloween effect, the July effect, and the Santa Claus rally.What Is The January Effect?According to Wikipedia’s entry on the subject, the January effect is a “hypothesis that there is a seasonal anomaly in the financial market where securities’ prices increase in the month of January more than in any other month.” Simply put, there is potential for some assets to perform in January more so than the rest of the entire year ahead.The phenomenon was first spotted as far back as 1942 by investment banker Sidney B. Wachtel. Watchel noticed that small cap stocks outperformed the rest of the market for January – with most of the returns arriving before mid-way through the month. Watchel also noted that for whatever reason, the third-year of a President’s term in a Presidential cycle would provide the greatest returns of all.Investopedia asserts that the increase in buying activity is due to investors buying small cap assets back after performing year-end tax-loss harvesting following a price drop. This is a common practice for higher net worth investors who are seeking to maximize all possible tax benefits. Even Bitcoin bull and MicroStrategy front man took advantage of some tax-loss harvesting due to his BTC holdings sitting at a loss.Smaller altcoins, considering the lower volume and liquidity profile, react much more potently to the switch from year-end selling, to new year buying enthusiasm. Another possible reason is due to investors first rolling out a new investment plan starting in a new year.Whatever the reason, considering how far many altcoins have climbed, this January is currently leaning in favor of proving this phenomenon accurate. Whether this should be expected, or is due to the downtrend combined with the third year of the Biden US Presidency, remains to be seen.Considering most data suggests that the party ends a little early at around mid-month, altcoins could have another few days to shine. How will January end for cryptocurrencies?In my Telegram channel, I ran an experiment dubbed "The January Effect" where I bought a handful of altcoins & shared my entries. Since Dec 31, 2022, the results have been dramatic. FET & SOL are top performers, and the avg performance is a 37% increase. Past 7 days in crypto: pic.twitter.com/1NEOlXTpV7 — Tony "The Bull" Spilotro (@tonyspilotroBTC) January 10, 2023
Tony Spilotro - Bitcoinist
2023-01-11
#january effect
#january effect
Tony Spilotro - Bitcoinist
2023-01-11
#january effect
#january effect
Gala Games Takes Complete Ownership of Ember Entertainment
Gala Games has announced the complete acquisition of Ember Entertainment.All existing games on Ember Entertainment will become fully integrated with Gala’s layer 1 blockchain.The first two games from Ember to be integrated into Gala’s blockchain will be ‘Dragon Strike’ and ‘Meow Match’.The blockchain gaming platform Gala Games has announced the acquisition of Ember Entertainment. According to updates on its Twitter and Discord accounts, the erstwhile external partner is now a part of Gala Games.While giving details, Gala Games explained that all the games previously on Ember Entertainment became fully integrated with Gala’s layer 1 blockchain. The first two games to be integrated will be Dragon Strike and Meow Match. The games will enable Gala to scale. Players will have the opportunity to participate in play-to-earn blockchain games using their mobile devices.As contained in the update, users of Dragon Strike will get at least one scroll of minting from the beginning. Subsequently, for every $100 spent on the game, an additional scroll of minting is earned. Each earned scroll of minting provides users the opportunity to pick a database item on the platform. The item can then be minted into an NFT on the Gala Games blockchain.For the Meow match, the game becomes aligned with the Gala Games protocol. Through this alignment, all cats owned by users become digital assets on the Gala Games blockchain. It is a direct way of introducing play-to-earn to Mobile, a goal of this acquisition.Gala Games and Ember Entertainment have been working in partnership for some time. They have collaborated to deliver The Walking Dead Empire to the online gaming community. With the recent acquisition, Gala announced that the entire Mobile portfolio of Ember Entertainment becomes a part of their network.Mixed reactions followed the update on Twitter, as some followers questioned the deal based on its integrity. A follower questioned the role of Ryan Geithman, who doubles as a studio director at Gala and the owner of Ember Entertainment. This observer questioned the integrity of the deal, considering the involvement of an insider.Other followers expressed their excitement towards the acquisition, hoping it will impact positively on the blockchain’s native token, GALA. These followers are investors who claim to have held the token for some period. They believe the latest development will attract more users to the platform, resulting in a positive economic impact on the native token.
Collins Adane - CoinEdition
2023-01-10
#gala games
#gala games
Collins Adane - CoinEdition
2023-01-10
#gala games
#gala games
Top Blog Posts
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