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After a brief correction during the three preceding days, the price of token $GALA began to grow again, and by the current moment, its price chart shows a 15% increase in price. Why again? Because $GALA was up 208% since the beginning of January. The catalyst for the soaring price of the token was the announcement from Gala Games about co-producing films with Dwayne "The Rock" Johnson and Mark Wahlberg, famous Hollywood actors.
Nevertheless, the tweet about a collaboration with The Rock was then deleted, and the $GALA quotes gave up 8% of their rise. Just a day later, they started rising again, gaining 30% and breaking through all possible price levels.
$GALA tokenomics tricks
While the status of Johnson's collaboration with Gala Games Studios remains a mystery, something else is pushing $GALA's price upward nonetheless. Perhaps it is the latest Pay by Burn program, which automatically burns off 100% of tokens used for purchases.
However, on the other hand, any positive effect of burning is offset by the fact that every day, according to official tokenomics, 8.56 million $GALA are unlocked.
Whatever the case may be, the fact remains that $GALA is currently one of the most profitable tokens in the new year with an aggregate score of 223% in just the last two weeks. The token currently trades at $0.054 and has a market cap of just $375.84 million. But given $GALA's daily unlockings, it is worth paying more attention to its fully diluted market cap of $1.9 billion.