The Gala price has diversified from other cryptocurrencies. While Bitcoin, Ethereum, and other cryptos have retreated back. Gala has surged to an all-time high value.
It is trading at $0.38, which is a few points below its all-time high of $0.39300. Whereas, on November 15, 2021, it was trading at $0.099.
On this same day last year in 2020, the trading price of Gala was $0.06800.
What happened? Most cryptocurrency prices have declined in the current week. For example, Bitcoin has dropped lower to about $58,000, which is substantially lower than the all-time high of almost $70,000.
Gala price, on the other side, has skyrocketed by more than 36% in the past 24 hours. This means that it has jumped by more than 80% from its lowest level this month.
Gala is a project of blockchain that is in the space of gaming and Non-Fungible Tokens (NFT). The platform of Gala was established by one of the co-founders of Zynga, the gaming company of 8 billion dollars. It allows developers to build games in the ecosystem.
These games can also be played by Gamers and they can have a voice about them. Spider Tanks, Mirandus, and Fortified are some of the most popular games in the network. GALA is the native token for the so-called GalaChain.
The proce of Gala is rising as investors cheer the fast-growing industry of decentralized games, non-fungible tokens (NFT), and the metaverse. The crypto market is also excited that Town Stars node licenses will move to Gala Games and an upcoming vote.
Gala price prediction
Gala is a comparatively small but fast-growing blockchain network project with a market cap of about $800 million. The coin has made some important achievements in the past few weeks. By such doing, it has moved above the important value at $0.1237, which was the previous all-time high. It has also moved above the second resistance of the standard pivot point.
Most importantly, Gala price has reached above the upper side of the cup and handled value. Therefore, while the overall trend is different, I suspect that the coin will have a brief retreat very soon. This will be part of a break and retest pattern.