This Sub-$1 Billion Crypto Is Leading Market Gains, Here’s The Reason

The crypto market is in one other full restoration mode and bitcoin has since crossed the elusive $17,000 value stage. Nonetheless, whereas the most important digital belongings within the area are seeing a number of inexperienced, one underdog is taking the area by storm. GALA is true on the high of the listing of gainers for the previous 24 hours, surpassing second-place Zilliqa (ZIL) by a substantial margin.

Why Is GALA Pumping So A lot?

Within the early hours of Monday, Gala Video games took to Twitter to announce a brand new partnership. The blockchain gaming firm which had been engaged on its movie tasks revealed that it had gotten film stars Dwayne “The Rock” Johnson and Mark Wahlberg to star in its movie. However this was not the one bullish improvement of the corporate.

One other revelation from the Twitter put up was that moviegoers would be capable of scan a QR code on a bought ticket to say a digital merchandise that’s being bought on completely different marketplaces. Moreover, Gala Video games additionally put one other use case the place QR codes might pop as much as declare an merchandise whereas viewers have been watching a film on a streaming platform similar to Netflix. “That merchandise has been promoting on OpenSea so why wouldn’t you at the least have a look?” the announcement mentioned.

The GALA token suits into all of this by being the gasoline token of Gala Movie, which is the blockchain that powers the movie arm. These things from the films are usually not restricted to Gala customers, so people who wish to declare objects from the scanned QR codes might want to buy GALA tokens to make use of as gasoline charges; due to this fact growing the demand for the cryptocurrency.

Just a bit bit of knowledge concerning our ongoing work with @TheRock and @markwahlberg.$GALA is the gasoline token in @GoGalaFilms and @GoGalaMusic as properly! pic.twitter.com/u9fdXoNte1

— Gala Video games (@GoGalaGames) January 9, 2023

Main Crypto Market Positive factors

The worth of GALA has responded positively to the information of Johnson and Wahlberg working with the ecosystem. It has seen the highest gains of any digital asset over the last 24 hours, rising over 67% on this time interval, greater than 100% of the positive factors posted by ZIL (29%) which is the second-highest within the area.

GALA tops listing of gainers | Supply: Coinmarketcap

It has worn out losses from GALA over the past week and the coin is now seeing positive factors above 114% within the 7-day interval. Curiously, it is a digital asset with a lower than $300 million market cap, however buying and selling quantity for the final day was nearly $1 billion, an nearly 400% enhance from the day prior to this.

GALA is at present altering palms at a value of $0.0366 on the time of this writing after being rejected on the $0.04 resistance level. This has now grow to be the extent to beat and if the bulls are capable of pull above $0.04 whereas the buying and selling quantity stays elevated, then it’ll flip this to assist and attain $0.045.

GALA jumps 60% to $0.038 | Supply: GALAUSD on TradingView.com