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GALA Update: Breaking the Downtrend and Surpassing Targets

source-logo  cryptonewsland.com 22 November 2024 04:16, UTC
  • GALA/USDT surged over 70% after breaking a key downtrend and support.
  • GalaChain integrated with Bitrue, enabling direct trading and eliminating Ethereum bridge fees.
  • Liquidity access and reduced fees enhance user experience and drive Gala ecosystem growth.

Gala (GALA) has made a strong recovery, breaking a long-term downtrend and moving upward. After pulling back to a key support range, the price surged again, hitting the first target and delivering over 70% gains. This shift highlights a turning point for GALA/USDT as both technical progress and ecosystem advancements drive growth.

#GALAUSDT – UPDATE After the price was able to break the downward trend line and start the upward movement, it pulled back to the support range that we specified, and after reaching that range, it started its upward move…Continue reading here: https://t.co/E1OrLqYgRj pic.twitter.com/VGqNjOqMRS

— Crypto signals united (@Cryptowhales123) November 21, 2024

GalaChain Integration Brings New Opportunities

Gala Games recently partnered with Bitrue to integrate GalaChain into the exchange. This change lets users trade GALA directly on Bitrue without needing to bridge through Ethereum. Reducing fees and complexity has created a simpler, more efficient experience for users.

The integration, live since November 13, 2024, allows trades against major cryptocurrencies such as USDT, BTC, and XRP. By eliminating bridge fees, Gala Games has lowered barriers for users. Access to $13 billion in USD liquidity also provides GalaChain users with significant growth opportunities.

Eric Schiermeyer, Gala Games’ CEO, called the move a step toward decentralization and innovation. Shruti Kohli, Bitrue’s Global Head of Business Development, praised the partnership for advancing shared goals of a decentralized future. Together, these leaders aim to empower the GalaChain community while boosting innovation.

GALA/USDT Shows Strength and Momentum

GALA currently trades around $0.03048, up 0.68% in the last 24 hours. A 45% spike in trading volume, now at $301.42 million, highlights growing interest. Technical indicators suggest further upside as GALA holds above support levels.

This rise reflects more than just market recovery. By addressing user challenges, Gala Games strengthens the ecosystem’s appeal. The push for decentralization, reduced fees, and increased liquidity has positioned GALA for steady growth.

GALA/USDT showcases the impact of innovation and collaboration in crypto markets. As Gala Games and Bitrue simplify blockchain adoption, the community benefits from greater accessibility and potential for expansion.

cryptonewsland.com