Despite a drop in the crypto marketyouThe Gala cryptocurrency (GALA) was up more than 13% on Tuesday morning. The trading volume of the GALA token increased by more than 59% in the last 24 hours. Overall, the cryptocurrency market fell 3.13% to $940.13 billion in the same period.
Let’s explore more about the GALA token.
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What is the Gala cryptocurrency (GALA)?
The Gala Games project aims to provide players with controls over game assets and other decision-making powers on upgrades and features. It mainly focuses on making blockchain games.
Gala hopes to attract and infuse creative thinking in blockchain games by sharing these powers with gamers. With the GALA token, players can not only purchase non-fungible tokens (NFTs), but also participate in the governance of the Gala ecosystem.
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Additionally, gamers would have a say in which games the project should develop or which games should receive funding through Gala’s founder’s node voting mechanism.
The token can be traded on exchanges like Sushiswap, Gate.io, KuCoin, etc.
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The GALA cryptocurrency caught the attention of investors after recently announcing its partnership with the Epic Games Store, one of the leading non-blockchain gaming companies. Gala also has many new games in the works and runs its platform on the Ethereum and Binance smart chain ecosystems.
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Data source: CoinMarketCap.com
GALA token was priced at $0.06218 at 9:39am ET on June 14, up 13.61%, while its volume over the last 24 hours increased 59.12% to $556.91 millions. It has a market capitalization of US$432.98 million and its fully diluted market capitalization is US$2.14 billion.
The token has a total supply of 35.24 billion, and its current circulating supply is around 6.98 billion. It made profits of 517.61% in the last 12 months. The GALA cryptocurrency recorded the highest price of $0.1005 and the lowest price of $0.05077 in the last 30 days.
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