Gala Coin, a relatively new cryptocurrency, has taken the market by storm. Its price has almost quadrupled in the past week alone, despite not being very well-known. This impressive growth has invoked the interest of several crypto and gaming enthusiasts.
The company, which is Gala Games, has a mission of making blockchain games that will appeal to a wide audience. The business has now introduced their own crypto token, which has been named GALA, running on Ethereum. Currently, they have over a million active users on their platform.
While payers can use their own modes of payment while playing games, it does not give them full control over their investment of time and money. Hence, Gala wants to introduce a novel way for players to gain ownership over their games and game-related assets by bringing in blockchain technology. The players on the platform can use their own GALA NFTs to even vote on new games.
The reason why GALA’s value took off over the past few days can most likely be because of its listing on Binance, a top-tier crypto exchange.
In good news for the company, market research indicates that the gaming sector is set to experience a massive growth up to $125.6 billion by 2025. Soon enough, the token’s value will hit the $1 goal as well, especially due to the novelty portrayed in its functioning as well as highly experienced leadership. In fact, the goal can even be attained in just a matter of years, which is excellent news for both crypto and gaming enthusiasts.