GALA Games Soars 15%: Acquisition of Ember Entertainment Fuels Rally
• GALA has soared by 15% in the last 24 hours, making it one of the best performers amongst the top 100 cryptocurrencies by market cap today.
• The rally came after GALA Games announced its acquisition of Ember Entertainment.
• The total cryptocurrency market cap is now above $850 billion.
GALA Games, one of the top 100 cryptocurrencies by market cap, has seen a significant surge in value in the last 24 hours. The cryptocurrency has soared by more than 15%, making it one of the best performers amongst its peers. The rally came after GALA Games announced its acquisition of Ember Entertainment and the integration of its games with the Gala Games L1 Blockchain.
The acquisition of Ember Entertainment is a strategic move for GALA Games as it will allow them to integrate popular games including Dragon Strike and Meow Match with the Gala Games L1 Blockchain. These games will use GALA as gas and give users the ability to play and earn rewards from their gaming sessions. This move is expected to increase the adoption of GALA and drive its price even higher.
The news of the acquisition has also had a positive effect on the overall cryptocurrency market as the total market cap currently stands at $852 billion, up by less than 1% in the last 24 hours.
Looking at the GALA/USD 4-hour chart, the cryptocurrency is extremely bullish as it has been outperforming some of the other top 100 cryptocurrencies by market cap. At press time, the price of GALA stands at $0.0424 and could rally toward the $0.05 resistance level soon.
Given the current market conditions and the news of the acquisition, GALA looks well-positioned to continue its bullish momentum and surge even higher. Investors and traders should look out for the $0.05 resistance level and prepare for a potential breakout in the coming days.