GALA Soars as Gala Games Partners Elixir Games Launcher
Last Updated on 6 November 2023 by CryptoTips.eu
GALA, the ERC-20 token powering the Gala Games ecosystem, has gained 10% in the last 24 hours. The 67th largest crypto asset by market cap has also gained over 5% in the last seven days. Being a gaming ecosystem token, GALA has always had an edge since the gaming ecosystem is growing rapidly in crypto.
This time however, there may be more going on that has caused the price of the token to rise so steeply and suddenly in a predominantly bearish market. The most obvious is the recent partnership between Gala Games and Elixir Games Launcher.
Elixir Games is a premier platform in Web3 gaming distribution. The platform is partnering with Gala Games to enable Elixir users access several Gala Games titles through their gaming platform in the near future.
Elixir Games will also host weekly gaming nights with exclusive prizes and special guests from the Elixir Partner program. As a result, content creators and streamers will henceforth be able to engage with other players on the platform and the Elixir community can enjoy access to games previously only offered on the Gala Games launcher.
Why the partnership changed sentiment for GALA
The partnership is aimed at expanding Gala Games’ user base, since Elixir users will now be able to access games exclusively accessible to Gala Games users in the past. This means more users will come onboard the Gala Games ecosystem, and the number of GALA users will increase.
Already, gaming fans may already be buying the token for use in the future as they prepare to use the Gala ecosystem. This has a direct impact on the price of the token as seen currently, and also holds great potential for driving the price further up in the future.
GALA in retrospect
The GALA token has done well in the past month. It reached a monthly high of $0.0286 on 18 July. However, since then it has gone in a downward move, slowly reaching a low of $0.02216 on 4 August, just around when Gala Games announced its partnership with Elixir Games Launcher.
Following the monthly low, the price picked up again shortly after the announcement, and it currently trades at $0.025. GALA may hold potential for more growth if the sentiment persists, especially towards when the terms of the partnership will be implemented, with a potentially bigger user base.
