• Gala Video games’ native token $GALA has gone up 142% over the previous week based on information from Coingecko.
• The play-to-earn platform not too long ago introduced the acquisition of Ember Leisure, which had positively impacted the token’s value. 
• The platform has additionally partnered up with Hollywood superstars Dwayne Johnson and Mark Wahlberg.
• Opportunistic merchants have begun shorting the token whereas anticipating the momentum to die out. 

Gala Video games, the favored blockchain-based pay-to-earn platform, revealed a number of high-profile developments over the previous couple of days. These developments have had a reasonably bullish impact on their native token $GALA. The ERC-20 token has gone from $0.023 all the way in which as much as $0.045, inside a span of 48 hours, marking a formidable bullish run of practically 100%. 

Gala Video games acquires Ember Leisure

Earlier at the moment, Gala Video games confirmed that it had acquired Ember Leisure, the sport studio behind the favored play-to-earn recreation The Strolling Lifeless: Empires. Each events had been concerned within the growth of this recreation and rumors concerning the acquisition had been going round over the previous few days. 

The acquisition paves the way in which for Gala to onboard greater than 20 million lively customers. Based on an replace offered by the platform, two high-priority video games, Dragon Strike and Meow Match, are at the moment on the middle of their consideration. Each the video games might be built-in into the platform’s layer 1 blockchain and use the native token $GALA as gasoline charges. Based on the platform’s builders, 50% of the gasoline might be burned whereas the remainder might be distributed among the many node operators, founders, and companions of the ecosystem. 

Along with the acquisition, Gala Video games additionally introduced partnerships with common Hollywood stars Dwayne Johnson and Mark Wahlberg. Moreover, the GALA token might be used to energy its flagship play-to-earn recreation Townstar. All $TOWN tokens might be swapped for GALA at a 2:1 ratio. 

The spectacular bull run of GALA got here to an finish earlier at the moment after opportunistic degen merchants began shorting the token. The merchants anticipated that the momentum of the information was set to expire and that the token would appropriate itself. Knowledge from CoinMarketCap exhibits that the $GALA is at the moment buying and selling at $0.042. The latest developments led its buying and selling quantity to skyrocket to ranges which had been final witnessed in March 2022.