GALA gains 117% to this point in Feb because the system continues to draw in new users.
The play-to-earn (P2E) gaming sector of the cryptocurrency scheme has been one among the sectors most resilient to the volatility and worth declines within the past number of months as gamers area unit jumping on the flexibility to earn financial gain whereas enjoying tokenized videogames.
One project that has seen its token worth climb apace within the initial week of Feb is Gala (GALA), a protocol centered on utilizing blockchain technology to administer players management of the games they play and also the in-game things they acquire.
Data from Cointelegraph Markets professional and TradingView shows that the worth of GALA climbed 117% when hit an occasional of $0.177 on Feb. two to hit a daily high of $0.384 on Feb. 7.
Three reasons for the speedy recovery in GALA price are the forthcoming launch of many new widespread games on the protocol, a series of latest partnerships that have helped expand the GALA system and the growth of the GALA userbase, that continues to hit new record highs.
Launch of new games
The $30 billion P2E gambling sector is growing rapidly, and protocols that want to stay pace and stay relevant got to launch new games and maintain a lively user base.
It is in this light that GALA has been adding support for new comes within the scheme like the forthcoming launch of Spidertanks and Legends born-again.
Aside from the gameplay, the newer generation of games launching on Gala has abroach into a number of the growing trends within the P2E house like land and venue sales that offer users with how to earn passive income, serving to to grow a bigger pool of community members who are endowed within the protocol long run.
Partnerships with other protocols
A second factor serving to to bolster the momentum for GALA has been the addition of latest partnerships that are serving to to expand the reach of its ecosystem.
This includes a recently declared collaboration with the 888innercircle community on Twitter, that contains a community of quite 205,000 members who are fans of digital art and collectibles.
Gala has conjointly recently established a operating relationship with between, a mental health-focused vice application that was elect to receive $1 million in funding from the Gala Games Conservatorship fund to assist incorporate self-care into the vice community.
( Jordan Finneseth, Cointelegraph, 2022)