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GALA- Play to earn gaming blockchain

Thu, 29 Feb 2024, 09:48 am UTC

GalaPLAY is a comprehensive Play-2-Earn ecosystem project consisting of multiple games in the pipeline. Major games released are Spider Tanks, Tower Star, PokerGo, and Eternal Paradox. GalaPLAY is a project inspired by Gala Games (GALA). Gala tokens are rewarded by GALAPLAY.

GALA token-

GALA is the Ethereum-based cryptocurrency ERC 20 that powers Gala Games.

The nodes started life being priced at around USD 2000 and there are a total of 50,000 available, which means the final 100 will cost USD 33,000 each.

GALA Game Node. GALA Game Node is a computer software and hardware system connected to GALA. The GALA Game Node supports blockchain video games by maintaining cryptography and confirming transactions on the GALA Blockchain through the GALA App.

Gala swap-

Galachain launched the Gala swap decentralized exchange with token rewards and referral incentives. GalaSwap is the first step in a series of developments that will further decentralize the landscape of GalaChain.

The DEX can handle up to 2 million transactions per second due to the horizontal layer 1 scaling approach. Total daily active nodes -40000.

The "GALA Reward" consists of a representation of GALA tokens, or other game tokens and NFTs, reflected on the GALA Blockchain and/or GALA App and the Site.

GALAUSD hits 10 months due to the introduction of GalaSwap on th gaming company networks. It surged more than 100% this month and holds above the short-term (21 and 55 EMA) and above the long-term moving average. It hit a high of $0.04327 and is currently trading around $0.03820.

The bullish invalidation can happen if the pair closes below $0.020. On the lower side, the near-term support is $0.033. Any break below targets $0.0280/0.0250. Any breach below $0.020 targets $0.0120.

The pair's near-term resistance is around $0.050. Any breach above confirms minor bullishness. A jump to $0.060/$$0.0630 is possible. A surge past $0.0650 will take it to $0.075/$0.090.

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It is good to buy on dips around $0.0300 with SL around $0.020 for TP of $0.060.

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