Non-fungible tokens (NFTs) and play-to-earn gaming are two of the hottest trends in the crypto sector as each one opens up new avenues for attracting users and the unique nature of each niche allows participants to generate wealth rather than money having to spend in order to become part of the community.
Gala Games, a blockchain gaming-focused project that enables users to use their unique NFT characters in gameplay, made significant gains with its GALA token after Binance announced plans to list the GALA token.
Data from Cointelegraph Markets Pro and TradingView show that after hitting a low of $ 0.021 on September 12, GALA’s price was catapulted 270% to an intraday high of $ 0.077 on September 13, when it was 24 -Hour trading volume skyrocketed.
GALA / USDT 4 hour chart. Source: TradingView
The sudden spike in trading volume and the price breakout shortly after GALA was listed on Binance, a development that has resulted in rapid price movements in the past.
#Binance will list @GoGalaGames $ GALA https://t.co/4mjhBcCzi6
– Binance (@binance) September 13, 2021
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GALA’s foundation lies in its growing NFT ecosystem
Binance listing helped kick-start recent momentum for GALA, but the project is steadily growing its platform and has been gaining momentum for several months as the NFT sector is booming.
On August 11th, Gala Games successfully closed the first sale of VOX, the project’s most important NFT offering, which was sold out in less than eight minutes despite problems with network congestion and high gas prices.
In addition to the VOX sale, Gala Games released new updates to its popular Town Star game, and the project has been teasing details on new games like Spidertanks.
With these latest moves, GALA could try to follow the path led by other successful play-to-earn games such as Axie Infinity, which sold Axies’ highest prices for 300 Ether (ETH), and Illuvium (ILV), That saw the price of its native ILV token jump from $ 33.30 to a high of $ 613 in less than three months, with only one minimally viable product.
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