GALA Price Jumps 100% in Two Days

The surge in the price of GALA which increased by 100% over the past two days reached $0.07062 with a market value of over $2.072B. 

GALA, the native cryptocurrency of Gala Games, has experienced a spectacular increase of 100% over the past two days, which coincides with a big boom in the GameFi sector.

GALA Price Continues To Boom

The price of GALA is now trading at $0.07062, and its market value is greater than $2.072 billion at the time of this publication. The market capitalization of GALA has increased by more than one billion dollars in less than a week.

Because its recent price action and technical indicators indicate that it is experiencing upward momentum, The token is quickly becoming one of the most notable performers among the top 100 cryptocurrencies.

This bullish momentum looks to be in its early stages, which suggests that even though indicators such as the relative strength index (RSI) are exhibiting overbought circumstances, GALA may be able to maintain its upward trajectory for a considerable amount of time.

Something exciting about the current token scenario is that it is still a significant distance behind its all-time high (ATH) of $0.8248, reached in November 2021.

This is an astounding 90% below its ATH. This considerable difference indicates a significant amount of room for additional upward movement in both the short term and the long run.

Furthermore, The token had a single golden cross, indicating a positive trend reversal. This occurred when the stock price’s 30-day moving average crossed above the 200-day average.

This bullish signal, detected just a few weeks ago, has the potential to fuel a continuous rise over the next few weeks and possibly even beyond that.

Over the past few weeks, Gala Games has made significant progress, most notably with the debut of GalaSwap DEX at the end of the previous month.

Furthermore, numerous enhancements released in the previous week have significantly contributed to the product’s increasing popularity.

GalaSwap DEX significantly increased Gala’s utilization frequency. As a result of this launch, the platform, which was previously well-known for functioning as a decentralized hub for gaming and media, has witnessed a significant increase in activity.

Not only has the GameFi sector shown remarkable development, but it has also outpaced the overall cryptocurrency market regarding percentage gains.

According to CoinGecko, the total value of all web3 gaming tokens currently stands at $32.7 billion as of this writing. GameFi tokens, such as FLOKI, have seen a significant three percent increase in value.

As a primary utility token inside the Floki ecosystem, FLOKI has experienced a 21% growth in value over the past 24 hours. Its primary function is to facilitate transactions, incentives, and governance features, thereby enabling holders to participate in decision-making processes.

In a broader sense, the GameFi sector has undergone significant growth over the past 30 days. For example, Gala’s value has increased by 200 percent, The Sandbox’s Sand token has increased by 65%, and Axie Infinity’s AXS has risen by 65%.