Gala Games, a major player in the crypto gaming sphere, has seen a roller-coaster journey in recent times. Having experienced a 5X surge in its token price in the past year, there are predictions it may surge again in 2024. Unfortunately, the platform suffered a security breach leading to over $22 million worth of its token,
GALA, being swiped. However, it managed to
contain the incident and the company even recovered the stolen funds. This recovery, coupled with a \"buy and burn\" proposal, saw GALA stabilize after an initial plummet. Even after this incident, the company continued to update its offerings, including its
Treasure Tapper game. It also announced a significant
partnership with Animoca Brands which was expected to boost GALA Token, but instead the token dipped by 6.7%. In spite of the decrease, it's being predicted that GALA will reach $ 0.085877 by April 2024. Recently, after a poor start,
GALA outperformed BTC. Some traders are bullish on the altcoin amid the breakout of its accumulation range. The token also bounced back following a fallout due to inflation data.
Gala Games admitted the exploit was due to messed-up internal controls. The company has also resolved the issue and identified the culprit. It finally anticipates a 43% uptick in GALA value with major investors boosting holdings.
GALA Coin News Analytics from Mon, 18 Sep 2023 07:00:00 GMT to Thu, 18 Jul 2024 09:16:55 GMT -
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- Information 6
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