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GALA Coin Analysis: Rally for $1 or Just a Fictitious Trap

source-logo  thecoinrepublic.com 12 December 2023 14:56, UTC
  • 1 Gala launched a business and city management game for Mac and PC.
  • 2 In 2023, the token’s performance has shown upward momentum.
  • 3 The token’s value rose to $0.0624 at the end of January this year.

Gala Games, a web3 entertainment company, has launched Legacy, a business and city management game for Mac and PC. In Legacy, players can create and manage their corporation and town, designing and producing unique products to sell and trade on the market. The goal is to maximize profits and become a mega management mogul.

Is ‘Legacy’ a New Revolution in Blockchain Gaming?

Legacy is one of the few games that provides an open world of opportunity to budding entrepreneurs. It allows players to create and manage all components of a business and the town that keeps it running, with creativity and customization driving every decision.

Players can customize and conceive their factories, homes, roads, and town facilities. Along with that, users can also manage their workers, expanding products and pipelines. Competitive events challenge players to test their skills, product quality, and town uniqueness.

In Legacy, players must make moral and logistical choices that impact their success, such as worker treatment, social and environmental impact, and more. Achieving success requires a careful balance of efficiency, commercial acumen, and effective town leadership to keep workers content.

Legacy introduces player ownership, play-to-earn, and NFTs. Land NFTs were sold in December 2021, with fans investing over $42 million to secure industrial zones for product development.

Technical Analysis and Prediction of GALA Coin Price

GALA/USDT chart by TradingView (Daily time frame)

In 2023, the token’s performance has shown some improvement, although it still remains far from its peak period in late 2021.The token’s value rose to $0.0624 at the end of January this year. However, following this surge, the price experienced a downturn. A notable low point occurred during the start of June when the token’s value dropped to $0.01879.

The Fall and Rise of GALA

This decline coincided with the news of Crypto.com suspending its institutional operations in the United States. Despite these challenges, the token has shown signs of recovery. At the press time, the GALA coin price is trading at $0.031, just near the immediate resistance level of $0.,0313.

The Bulls are trying to pull a confirmed breakout out of this resistance. If a flight happens, the GALA price can reach the 2nd resistance level of $0.0426. Otherwise, the immediate support level of $0.0208 will be waiting for the GALA bulls.

Conclusion

Gala has launched Legacy, a business and city management game for Mac and PC. Players can customize and conceive their factories, homes, roads, and town facilities. Legacy introduces player ownership, play-to-earn, and NFTs. The GALA coin price is trading at $0.031, just near the immediate resistance level of $0.,0313.

Technical Levels

  • Support Levels: $0.0286 and $0.0131
  • Resistance Levels: $0.031 and $0.042
Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.

thecoinrepublic.com