JAKARTA GALA, the original token of the Gala Games project, has skyrocketed more than 70 percent in the last 24 hours. The GALA price increase was triggered by the company's partnership with Hollywood film stars Dwayne Johnson (The Rock) and Mark Wahlberg.
At the time of writing, the GALA token is trading at IDR 666 per token. Meanwhile, yesterday, GALA had broken the price of IDR 759. Prior to the announcement, GALA was trading at IDR 200 per token.
The sudden GALA price rally coincided with the announcement of the development of two films featuring Hollywood stars Dwayne Johnson and Mark Wahlberg.
There is little information about our work taking place with The Rock and Mark Wahlberg. $GALA is a gas token in GoGalaFilms and GoGalaMusic too! wrote Gala Games (@GoGalaGames) on its official Twitter account, January 9, 2023.
Gala Games is working on a Layer-1 blockchain that will leverage GALA tokens for transaction fees. However, there are plans to burn about 50 percent of GALA generated as gas costs. The plan includes redistribution to developers, nodes owners, and ecosystem partners.
Other factors have contributed to the recent GALA rally. Since the beginning of the year, the Twitter handle of the Gala Games has been more active, providing community members with insight into its expansion for the year.
Recent screenshots of Discord conversations on the page revealed that about 15 mobile games are being reviewed by the Gala Games team for onboarding. In addition, the team also announced the acquisition of a mobile gaming studio with about 20 million users.
“Apakah Anda ingin tahu lebih banyak tentang pivot $GALA untuk memasukkan gamer seluler dari seluruh industri? Berikut ini adalah tulisan dari CEO kami tentang hal itu! Lebih banyak berita akan segera hadir! Bergabunglah dengan Discord kami di https://t.co/qSszqarMri!” tulis pengumuman Gala Games, 8 Januari 2023.
The recent growth represents the return of a massive increase for GALA after struggling to gain price stability by 2022. Last year, token struggles began to play a role due to the declining popularity of play-to-earn games.
This decline cannot be separated from the general declining condition of the crypto market due to the bear market. GALA experienced a decline last November and December, due to the shocks that occurred in the crypto industry. With this collaboration, GALA responded with a significant increase.
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