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Gala(GALA)

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$0.032853
(-4.71%)
0.00000050 BTC
Market Cap (Rank#78)
$1,040,704,116
15,854 BTC
Vol 24h
$55,444,358
844.643 BTC
Circulating Supply
31,677,697,354.49
Max Supply
50,000,000,000
4 days agocoindesk
Crypto Mainstream Adoption Has Increased in Recent Months, Canaccord Says
The broker raised its Galaxy Digital price target to C$23 from C$17, while maintaining its buy rating.
9 days agocoindesk
Did a Single Trump NFT Purchase Change Washington's Mind on Crypto?
Valentin Pletnev couldn't use his ticket for a Mar-a-Lago Trump gala, so prominent crypto figure Ryan Selkis went instead. Neither expected the U.S. policy whirlwind that followed, but even as Pletnev upgrades his DeFi platform to promote 'Yield for All,' it still won't be available in the country.
10 days agocoindesk
Galaxy Digital Could Benefit From Improving Political Sentiment Towards Crypto in U.S.: Benchmark
The broker assumed coverage of the digital assets platform with a buy rating and a C$19 price target.
14 days agocoindesk
Meet Mike Novogratz, the Political Commentator
In an interview at Consensus 2024, the Galaxy Digital CEO was asked about a plethora of regulatory and legislative issues affecting crypto.
20 days agonulltx
SEC Approves Ethereum ETFs Amid Speculation And Market Movements
The U.S. Securities and Exchange Commission (SEC) has approved Form 19b-4 for eight Ethereum ETF issuers, including financial giants BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton. While this approval is a significant milestone, these issuers must still have their S-1 registration statements go effective before trading […]
20 days agocoindesk
BitGo’s $100M Suit Against Galaxy Digital Can Proceed, Delaware Supreme Court Rules
Cryptocurrency custodian BitGo will get a fresh chance to sue financial services firm Galaxy Digital over the two companies’ failed $1.2 billion merger agreement after Delaware’s Supreme Court reversed an earlier ruling to dismiss BitGo’s lawsuit.
22 days agocoindesk
Plume, Layer-2 Blockchain for Real-World Assets, Pulls $10M in Seed Funding from Haun, Galaxy
Plume plans to make it possible for people to easily – and compliantly – bring real-world assets (RWAs) like real estate and collectibles onto blockchains.
23 days agonulltx
GALA PRICE ANALYSIS & PREDICTION (May 22) – Gala Shows Sign Of Strength Amid Latest Surge But Remains In A Range
GALA is still looking indecisive on the short-term perspective but it is currently showing signs of strength following a 13% increase in the last 24 hours. A daily close above $0.05 could bring a new shift in the trend. The fundamentals surrounding Gala lately look positive and have generated a […]
23 days agonulltx
Gala Games Faces Security Breach, $200 Million In $GALA Tokens Minted By Attackers
Gala Games recently suffered a significant security breach, resulting in approximately $200 million worth of $GALA tokens being minted by attackers. The malicious actors were able to create 5 billion $GALA directly through minting. So far, the attackers have swapped nearly 600 million $GALA for 5,913 $ETH. Gala Games was […]
23 days agocoindesk
Cboe Publishes Amended Spot Ether ETF Filings as Industry Renews Approval Hopes
Cboe, an exchange associated with five of the issuers of a potential spot ether exchange-traded fund (ETF), published its amended 19b-4 filings in response to feedback from regulators. The applicants include Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares and Franklin Templeton.
24 days agonulltx
Here Are The Top 4 Altcoins The Largest Crypto Market Makers Are Currently Investing In
The investments of the largest crypto market makers are the best clues for selecting altcoins for crypto investment. This is why ETFSwap (ETFS), alongside Arkham (ARKM), Ethereum (ETH), and Gala (GALA), has been touted as the top 4 altcoins to invest in ahead of the bull run as major market […]
24 days agocoindesk
Gala Games Hacker Returns $23M in ETH; Founder Proposes 'Buy and Burn'
Gala investor DWF Labs also said that it had purchased 28 million GALA tokens "to alleviate market selling pressures."
24 days agocoindesk
Gaming Token Gala Stabilizes as Company Says Security Incident 'Contained'
Someone minted 5 billion GALA tokens and then sold them on decentralized exchange Uniswap
29 days agonulltx
MoonBag Sets Off a New Galactic Era: Will BTC, ADA Survive?
MoonBag Presale Sets Off a New Galactic Era: Will Bitcoin and Cardano Survive? If time travel were possible, would you go back and invest in Bitcoin when it was a fraction of a dollar? What if the MoonBag presale $MBAG presents you with the same opportunity, that too by staying […]
30 days agocoindesk
Galaxy Digital Has Strong Momentum Across All Business Lines: Canaccord
The approval of spot bitcoin ETFs was a catalyst for the increase in counterparty engagement in the first quarter as more traditional asset managers and hedge funds entered the industry, the report said.
40 days agonulltx
Raboo vs. Play-to-Earn Giants: Can AI-Generated Content Outperform Axie Infinity and Gala?
Due to the market’s bearish tendency over the last months, investors started scouring the market for undervalued projects across various crypto niches. In this diverse landscape, play-to-earn giants Axie Infinity and Gala compete with a new contender that aims to disrupt the market with AI-generated meme content. Enter Raboo, a […]
55 days agonulltx
BDAG’s Moon Keynote Outshine Galaxy Fox Upcoming Listing
BlockDAG’s Presale Skyrockets to $18.5M, Overshadowing Galaxy Fox Upcoming Listing In the vibrant world of cryptocurrencies, BlockDAG is rapidly emerging as the center of attraction. It overshadows the anticipated Galaxy Fox upcoming listing with its innovative projects and substantial investor returns with an $18.5 million presale. This piece explores why […]
82 days agonulltx
BlockDAG Leads the Charge: Surpasses Optimism and GALA in the 2024 Crypto Investment Race with 5000x ROIs
BlockDAG has quickly become a standout in the cryptocurrency sector, shattering presale records by securing over $7.4 million in its 4th batch and setting a brisk pace against other digital currencies like Optimism and GALA. In a week that saw Gala Games’ GALA token endure a 26% dip, there remains […]
82 days agonulltx
GALA PRICE ANALYSIS & PREDICTION (March 23) – Gala Resurges With 15% Daily Gain: Sets To Reclaim Previous High
The gaming industry has increased nicely in the last 48 hours with Gala witnessing an impressive surge today. It has found a solid ground and is now resurging towards the previous high. A fresh increase is in play.   GALA reached a significant milestone two weeks ago after six months of […]
93 days agonulltx
Algotech’s Presale Sparks Interest Among Crypto Enthusiasts as BNB and GALA Show Strong Performance
Bitcoin (BTC) has been recording new highs, and with its uptick, established coins such as BNB and GALA have been some of the top gainers. However, despite their stellar performance, Algotech (ALGT), a new presale token, is taking all the credit as the crypto with the most potential growth. Can […]
127 days agocryptopotato
SEC Delays Decision on Invesco-Galaxy Spot Ethereum ETF Proposal
May 23 continues to be a significant date for the approval of spot Ethereum ETFs, representing VanEck's final deadline for approval.
128 days agozycrypto
SEC Seeks Public Input On Invesco And Galaxy Digital’s Spot Ether ETF, Pushing Deadline
The SEC has delayed a decision on yet another high-profile spot Ethereum ETF application.
130 days agocryptopotato
VGX Foundation and Gala Games to Collaborate on new Web3-Enabled Games
[PRESS RELEASE – George Town, Cayman Islands, February 4th, 2024] The VGX Foundation, a Cayman Islands-based Foundation Company, announced today its collaboration with Gala Games to integrate VGX, the token formerly used by the now-defunct crypto brokerage firm Voyager Digital, into VGX-specific game titles. This integration will serve as the foundation for a reward token, […]
130 days agocryptodaily
VGX Foundation and Gala Games to Collaborate on new Web3-Enabled Games
VGX Foundation and Gala Games to Collaborate on new Web3-Enabled Games

About Gala?

The live price of Gala (GALA) today is 0.032853 USD, and with the current circulating supply of Gala at 31,677,697,354.49 GALA, its market capitalization stands at 1,040,704,116 USD. In the last 24 hours GALA price has moved -0.002063 USD or -0.06% while 55,091,828 USD worth of GALA has been traded on various exchanges. The current valuation of GALA puts it at #78 in cryptocurrency rankings based on market capitalization.

Learn more about the Gala blockchain network and how it works or follow the price of its native cryptocurrency GALA and the broader market with our unique COIN360 cryptocurrency heatmap.

Gala Games was launched in 2019 by Eric Schiermeyer (co-founder of Zynga), Wright Thurston and Michael McCarthy, as a play-to-earn gaming project that aims to create an ecosystem wherein players decide what blockchain games they’d like to play and exercise complete control over them. Since players receive complete ownership of their in-game NFT assets, they are free to use them as they prefer, within or outside the Gala Games ecosystem.  

The Gala Games project is currently deployed on both Ethereum and BNB Smart Chain. However, the developers are currently working on a native proprietary blockchain called GalaChain, which will help resolve issues like scalability and high transaction fees currently faced by the project.

Ever since its launch, Gala Games has made great strides and has formed fruitful partnerships with the likes of AMC’s The Walking Dead, Under Armour and Frank Miller. The available games in the Gala ecosystem include Townstar, Spider Tanks and Town Crush, with many more under development. The platform has also launched its NFT collectible series called VOX. As of writing, Gala Games claims to have 1.3 million monthly active users.

GALA price

The GALA price stayed well under a cent from the time of Gala Games’ launch in 2019, till February 2021, when it started rallying upwards amid a crypto market-wide bull run and touched $0.03 for the first time in late February 2021. Thereafter, GALA coin’s price kept fluctuating between $0.01 to $0.03 till September that year. According to our GALA live price chart, the token breached $0.05 resistance for the first time in mid-September, amid the second crypto rally of 2021. 

Buoyed up by overall bullish market sentiment, GALA price registered a noteworthy upward surge two months later in mid-November 2021, breaking multiple resistance levels, and reaching its all-time high of $0.84 on November 26, 2021. GALA’s fully diluted valuation was well over $40 billion at that time. GALA coin’s price has since charted a sideways downward movement, and the token was trading in the vicinity of $0.04 in Q2, 2022.

How GALA works

Gala Games is powered by its users who run nodes from their home computers. These nodes can be of three different types – Founders Nodes, Game Nodes and Storage Nodes. 

The Gala ecosystem is supported by its native GALA token, which exists both as an ERC-20 as well as a BEP-20 token. It has multiple use-cases including the purchase of in-game NFT assets, rewarding players and incentivization of the Founder Node operators. 

Founder Nodes are tier-1 nodes that form the backbone of the Gala ecosystem. There are only 50,000 of these nodes that will ever exist, and as of writing, you can buy them directly for 1.21897 million GALA tokens, from the Gala Games official website. Founder nodes implement a ‘see-saw’ algorithm that decides if the Gala network requires storage or processing power at any given time, and facilitates on-the-fly adaptation. Running a Founder’s Node contributes to the growth of Gala’s decentralized gaming network, and provides players actual ownership of their content and assets. In return, Founder Node operators receive GALA tokens, governance power and gaming NFTs. 

Game Nodes are game-specific nodes that power a specific game in the Gala ecosystem. These nodes run based on a smart contract ‘rental’ structure and help in developing a localized network for the concerned game, thus facilitating the scalability of the overall Gala network. The rewards and governance rights earned by Game Nodes are specific to the game they support.

Lastly, Storage Nodes are free nodes that allow for a Gala game to be entirely hosted on the Gala’s node ecosystem, thus doing away with the need for any centralized hosting providers.

GALA news, updates and highlights

In important GALA news, Gala Games and a well-known crypto investment firm, C2 Ventures, announced the creation of a joint $100 million fund in December 2021. The purpose of this fund is to invest in upcoming metaverses, play-to-earn games and various other projects being built using blockchain technology. With the global gaming revenue expected to touch $200 billion by 2024, this collaboration came as a welcome move for GALA ecosystem’s future growth. 

As per another GALA news story, reported on June 1, 2021, on the platform’s official website, Gala Games announced the integration of Chainlink’s Verifiable Random Function (VRF) with its ecosystem, to facilitate truly random NFT drops. Chainlink’s VRF functions as a fully tamper-proof and verifiable RNG (Random Number Generator) which can serve all RNG-based functions in the Gala ecosystem. 

Frequently asked questions about GALA

  • How can you earn GALA tokens?

You can earn GALA tokens by running a Founder Node in the Gala Games ecosystem. Alternatively, you can also win GALA tokens as a reward by playing and excelling in Gala’s featured games.

  • Which are the most commonly used GALA wallets?

Some of the best GALA wallets include MetaMask, Ledger, Trezor, Atomic Wallet and Trust Wallet.

  • What can you do with GALA tokens?

You can use your GALA tokens to buy NFT assets within the games featured in the Gala ecosystem. The token can also be used to purchase Gala nodes.

  • How can you buy GALA cryptocurrency?

The best way to buy GALA tokens is from established crypto exchange platforms. You can buy it through trading pairs like GALA/USDT, GALA/BTC, GALA/ETH and others. 

Gala Price0.032853 USD
Market Rank#78
Market Cap1,040,704,116 USD
24h Volume55,444,358 USD
Circulating Supply31,677,697,354.49 GALA
Max Supply50,000,000,000 GALA
Yesterday's Market Cap1,076,576,256 USD
Yesterday's Open / Close0.036055 USD / 0.033992 USD
Yesterday's High / Low0.036133 USD / 0.033843 USD
Yesterday's Change
-0.06% ( 0.002063 USD )
Yesterday's Volume55,091,828 USD
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