Nonfungible tokens (NFTs) and play-to-earn gaming are two of the most well liked 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 individuals to generate wealth fairly than having to spend cash to change into part of the group.
Gala Video games, a blockchain-gaming-focused mission that permits customers to make use of their distinctive NFT characters in gameplay, noticed its GALA token etch out important good points after Binance introduced plans to listing the GALA token.
Knowledge from Cointelegraph Markets Pro and TradingView exhibits 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 worth actions.
— Binance (@binance) September 13, 2021
GALA’s fundamentals are in its rising NFT ecosystem
The Binance itemizing helped kickstart the latest momentum for GALA, however the mission 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 mission’s essential NFT providing, which bought 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 in style City Star recreation and the mission has teased particulars about new video games like Spidertanks.
With these newest strikes, GALA may very well 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 writer and don’t essentially replicate the views of Cointelegraph.com. Each funding and buying and selling transfer includes threat, you must conduct your personal analysis when making a choice.