In the current times, two trends are being considered the hottest in the cryptocurrency industry. The first trend is the play-to-earn and the other one is the non-fungible tokens (NFT) gaming trend. Both trends currently have a very high significance in the cryptocurrency and blockchain sector.
According to many analysts and market observers, these two sectors are being considered the largest and most attractive avenues where users are gathering in large groups. Both revenues have also proven to be very profitable and lucrative for the users as they both offer them the opportunity to earn.
Therefore, the users who join the platform not only get the opportunity to form a bond and community with other players, but they also do it without having to pay anything.
The exact ideology and thinking have gone behind the making of the Gala Games. It is a game that is based on the blockchain network and it allows users to use their own unique characters while playing. The most astonishing thing about the users’ characters is that they are completely unique as they are based on NFT technology.
This is the reason when Gala Games launched its native token “GALA” into the market, it observed its token price surge tremendously. The major highlight for the GALA token’s uptrend was it being enlisted through the largest cryptocurrency exchange “Binance”.
As per the on-chain data analyzing firms, the moment, GALA’s enlisting and the launch was announced on Binance, its price shot through the charts. It experienced a tremendous rally the moment it launched through Binance’s platform.
A couple of on-chain data researching platforms known as TradingView and Cointelegraph Markets Pro have shared their findings on the matter. According to reports, on Sunday, September 12, 2021, the GALA token experienced its low at a price of $0.021.
However, the very next day, the GALA token observed a significant rally. As of Monday, September 13, 2021, the price of GALA experienced a 270% rally. This led the price of the GALA token to go all the way up to $0.077. The data shows that as a result of the rally, the trading volume for the respective token also shot through the charts.
According to the same on-chain data analyzing firms, GALA token experienced the breakout shortly after its enlistment was announced on Binance. No matter what situation or troubles Binance might be in at present, it is still considered the largest cryptocurrency exchange in the world.
Therefore, if any token or cryptocurrency manages to get enlisted on Binance, it is sure to experience a surge in its price. This is the reason why the GALA token was catered the same way as other listings.