Gala Coin has been in the news repeatedly, presenting a variety of positive and negative narratives. The coin is speculated to surge by 5X this year, according to a 2024 - 2030 price prediction. Despite some setbacks such as a
$22M crypto heist and severe token exploit valued at over
$240M, the company recovered swiftly with the exploiter returning the stolen amount. The recent introduction of
GalaChain further highlights its commitment to becoming a major player in Web3 gaming and entertainment.
Gala Games partnered with CoinFlow for enhanced credit card payments and Animoca Brands to boost the Gala token. Reflecting on the incidents, the CEO admitted fault in the token exploit. The company has introduced new features and updates to its
Treasure Tapper game, including Morse code challenges. Amid these developments, the company's co-founder confirmed an unauthorized sale of
$21,000,000 worth of coins following a security incident.
In relation to price movement, several predictions were made forecasting a rise in the value of the GALA token. The gaming token price stabilized, suggesting a steady recovery capped by the unveiling of a 'Buy and Burn' strategy. Various experts and traders suggest a 43% price uptick, as whale accumulation increases. Despite these optimistic views, it was often noted that the GALA token was trading below price predictions. On the partnership front,
Gala Games teamed up with VGX Foundation, Genopets and Animoca Brands, further solidifying its status in the gaming industry.
GALA Coin News Analytics from Mon, 18 Sep 2023 07:00:00 GMT to Tue, 20 Aug 2024 14:02:09 GMT -
Rating 1
- Innovation 7
- Information 8
- Rumor 1
