{"id":515376,"date":"2023-01-09T12:00:37","date_gmt":"2023-01-09T17:00:37","guid":{"rendered":"https:\/\/ktsl888.com\/?p=515376"},"modified":"2024-06-11T08:09:53","modified_gmt":"2024-06-11T08:09:53","slug":"sub-1-billion-crypto-leads-gains","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/sub-1-billion-crypto-leads-gains\/","title":{"rendered":"This Sub-$1 Billion Crypto Is Leading Market Gains, Here\u2019s The Reason"},"content":{"rendered":"<p class=\"p2\">The crypto market is in another full recovery mode and bitcoin has since crossed the elusive $17,000 price level. However, while the largest digital assets in the space are seeing a lot of green, one underdog is taking the space by storm. GALA is right at the top of the list of gainers for the past 24 hours, surpassing second-place Zilliqa (ZIL) by a considerable margin.<\/p>\n<h2 class=\"p2\">Why Is GALA Pumping So Much?<\/h2>\n<p class=\"p2\">In the early hours of Monday, Gala Games took to Twitter to announce a new partnership. The blockchain gaming company which had been working on its film projects revealed that it had gotten movie stars Dwayne \u201cThe Rock\u201d Johnson and Mark Wahlberg to star in its film. But this was not the only bullish development of the company.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/ada\/cardano-whales-start-2023-with-accumulation\/\">Cardano Whales Start 2023 With Accumulation Trend That Could Be Bullish For ADA<\/a><\/div>\n<p class=\"p2\">Another revelation from the Twitter post was that moviegoers would be able to scan a QR code on a purchased ticket to claim a digital item that is being sold on different marketplaces. Furthermore, Gala Games also put another use case where QR codes could pop up to claim an item while viewers were watching a movie on a streaming platform such as Netflix. \u201cThat item has been selling on OpenSea so why wouldn\u2019t you at least take a look?\u201d the announcement said.<\/p>\n<p class=\"p2\">The GALA token fits into all of this by being the gas token of Gala Film, which is the blockchain that powers the film arm. These items from the movies are not limited to Gala users, so individuals who want to claim items from the scanned QR codes will need to purchase GALA tokens to use as gas fees; therefore increasing the demand for the cryptocurrency.<\/p>\n<p>https:\/\/twitter.com\/GoGalaGames\/status\/31086337?s=20&#038;t=YubFyMzZNy7yZBGS-EKLVA<\/p>\n<h2 class=\"p2\">Leading Crypto Market Gains<\/h2>\n<p class=\"p2\">The price of GALA has responded positively to the news of Johnson and Wahlberg working with the ecosystem. It has seen the <a href=\"https:\/\/coinmarketcap.com\/gainers-losers\/\" rel=\"nofollow\">highest gains of any digital asset over the last 24 hours<\/a>, rising over 67% in this time period, more than 100% of the gains posted by ZIL (29%) which is the second-highest in the space.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-515404 aligncenter\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/GALA-top-gainers.png?resize=460%2C246\" alt=\"GALA top gainers\" width=\"460\" height=\"246\"><\/p>\n<pre style=\"text-align: center\">GALA tops list of gainers | Source: Coinmarketcap<\/pre>\n<p class=\"p2\">It has wiped out losses from GALA over the last week and the coin is now seeing gains above 114% in the 7-day period. Interestingly, this is a digital asset with a less than $300 million market cap, but trading volume for the last day was almost $1 billion, an almost 400% increase from the previous day.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/altcoin\/bonk-crashes-50-in-24-hours\/\">Solana\u2019s BONK Crashes 50% In 24 Hours, Is It Time To Get Out?<\/a><\/div>\n<p class=\"p2\">GALA is currently changing hands at a price of $0.0366 at the time of this writing after being rejected at the $0.04 resistance point. This has now become the level to beat and if the bulls are able to pull above $0.04 while the trading volume remains elevated, then it will flip this to support and reach $0.045.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/j7mt7NuJ\/\" alt=\"Gala price chart from TradingView.com\" width=\"3284\" height=\"1646\"><\/p>\n<pre style=\"text-align: center\">GALA jumps 60% to $0.038 | Source: <a href=\"http:\/\/TradingView.com\" rel=\"nofollow\">GALAUSD on TradingView.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Follow <a href=\"https:\/\/twitter.com\/BestOwie\" rel=\"nofollow\">Best Owie on Twitter<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Pandaily, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The crypto market is in another full recovery mode and bitcoin has since crossed the elusive $17,000 price level. However, while the largest digital assets in the space are seeing a lot of green, one underdog is taking the space by storm. GALA is right at the top of the list of gainers for the past 24 hours, surpassing second-place Zilliqa (ZIL) by a considerable margin. Why Is GALA Pumping So Much? In the early hours of Monday, Gala Games took to Twitter to announce a new partnership. The blockchain gaming company which had been working on its film projects revealed that it had gotten movie stars Dwayne \u201cThe Rock\u201d Johnson and Mark Wahlberg to star in its film. But this was not the only bullish development of the company. Related Reading: Cardano Whales Start 2023 With Accumulation Trend That Could Be Bullish For ADA Another revelation from the Twitter post was that moviegoers would be able to scan a QR code on a purchased ticket to claim a digital item that is being sold on different marketplaces. Furthermore, Gala Games also put another use case where QR codes could pop up to claim an item while viewers were watching a movie on a streaming platform such as Netflix. \u201cThat item has been selling on OpenSea so why wouldn\u2019t you at least take a look?\u201d the announcement said. The GALA token fits into all of this by being the gas token of Gala Film, which is the blockchain that powers the film arm. These items from the movies are not limited to Gala users, so individuals who want to claim items from the scanned QR codes will need to purchase GALA tokens to use as gas fees; therefore increasing the demand for the cryptocurrency. https:\/\/twitter.com\/GoGalaGames\/status\/31086337?s=20&#038;t=YubFyMzZNy7yZBGS-EKLVA Leading Crypto Market Gains The price of GALA has responded positively to the news 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% in this time period, more than 100% of the gains posted by ZIL (29%) which is the second-highest in the space. GALA tops list of gainers | Source: Coinmarketcap It has wiped out losses from GALA over the last week and the coin is now seeing gains above 114% in the 7-day period. Interestingly, this is a digital asset with a less than $300 million market cap, but trading volume for the last day was almost $1 billion, an almost 400% increase from the previous day. Related Reading: Solana\u2019s BONK Crashes 50% In 24 Hours, Is It Time To Get Out? GALA is currently changing hands at a price of $0.0366 at the time of this writing after being rejected at the $0.04 resistance point. This has now become the level to beat and if the bulls are able to pull above $0.04 while the trading volume remains elevated, then it will flip this to support and reach $0.045. GALA jumps 60% to $0.038 | Source: GALAUSD on TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from Pandaily, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":515383,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87584,87585,87586,87587,87588,87589],"class_list":["post-515376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-gala","tag-gala-films","tag-gala-performance","tag-gala-price","tag-galausd","tag-galausdt"],"acf":[],"yoast_head":"\n<title>This Sub-$1 Billion Crypto Is Leading Market Gains, Here\u2019s The Reason<\/title>\n<meta name=\"description\" content=\"The crypto market is in another full recovery mode and bitcoin has since crossed the elusive $17,000 price level. 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With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. 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