Is It Too Late to Buy GALA? GALA Price Rockets 80% as New Coin Goes Viral on X
GALA has rise by 13% in the past 24 hours, with the Gala price reaching $0.07852 on a day when the market as a whole posts a 2% rise.
This means that GALA has recorded an impressive 80% increase in just over a week, with the gaming utility token also rising by 220% in the last 30 days.
Yet what’s particularly bullish about Gala is that it’s still 90% down from its current ATH of $0.8248 (of November 2021), so it still has plenty of space to rise further in the near and more distant future.
GALA is currently one of the hottest coins in the top-100, with its chart and indicators reflecting its momentum.
Such momentum has really only just begun, so even if its relative strength index (purple), for example, is in an overbought position, it can afford to remain in such a position for a while yet.
Similarly, GALA’s 30-day moving average (yellow) formed a golden cross with the 200-day average (blue) only a couple of weeks ago, inaugurating a period of growth that may last for the next few weeks, if not longer.
GALA’s trading volume is also positive, reaching $1.5 billion today, a figure which represents an 800% increase over the level it reached barely a few days ago.
GalaSwap just got even better!
Full order book now browsable, and CoinGecko pricing information at easy reference when you swap!https://t.co/7whawHi35f
— Gala Games (@GoGalaGames) March 7, 2024
There’s a clear reason for this increase, aside from the general bullishness of the wider crypto market.
In particular, Gala launched the GalaSwap DEX at the end of last month, while the last week brought a number of improvements, further boosting adoption.
This launch has attracted a substantial increase in Gala usage, which was already popular as a decentralized gaming and media
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