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$GALA ($GALA/USD) announced that Town Star, one of their flagship games on the platform, will now be powered by the $GALA token directly instead of its own, TOWN token.
Gala Games is essentially a blockchain-based platform that has the objective of creating an ecosystem for crypto games powered by the $GALA token.
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$GALA announcement as a catalyst for growth
On January 9, 2023, Gala Games, the official Twitter page for the $GALA ecosystem, made an announcement surrounding Town Star.
Town Star is one of the largest Play-to-Earn (P2E) games built on top of the Gala Games platform.
However, the game was originally powered by its own native cryptocurrency, known as the TOWN (TOWN/USD) token.
Based on the latest announcement, $GALA will now be the token that powers the game, where all swaps from TOWN to $GALA will occur at a 2:1 ratio.
This means that everyone playing the game will need to swap the token in order for it to retain value and be usable in-game.
The update also adds an additional level of utility for the $GALA cryptocurrency, which can drive demand for it further and lead to an even higher increase in value.
Should you buy $GALA ($GALA)?
On January 10, 2023, $GALA ($GALA) had a value of $0.04309.
The all-time high of the $GALA ($GALA) cryptocurrency was on November 26, 2021, at a value of $0.824837. At its ATH, the token was $0.781747 higher in value, or 1,814% higher.
When we go over the value of the $GALA ($GALA) cryptocurrency throughout the past 7 days, its low point was at $0.01728881.
Its high point, however, was at a value of $0.04912871. Here we can see an increase in value of $0.0318399 or by 184%.
In the last 24 hours, $GALA ($GALA) had its lowest point of value at $0.03685902. Its highest point was at $0.04912871.
Here we can see that in the last 24 hours, the value difference is at 33%.With this in mind, investors will find value in buying $GALA, as it can climb to $0.05 by the end of January 2023.