The recent Gala price spike (GALA) has something to do with the latest project!
GALA recorded a price increase of up to 31.34%, from a daily low of $ 0.27 on Feb. 14 to $ 0.36 on Feb. 15.
Gala project update
8 Feb 2022
Gala Games ecosystem announced a $ 5 billion investment in 2023 to boost non-fungible token (NFT) offerings through the purchase of intellectual property rights and the establishment of theme parks.
$ 5 billion is broken down into several sub-focuses involving:
$ 2 billion: game
$ 1 billion: film
$ 1 billion: musicianship
$ 1 billion: establishment of theme parks
9 Feb 2022
Snoop Dog released his latest album, Bacc on Death Row (BODR) on the Gala Games blockchain.
It is understood that Gala has produced loot boxes for promotional purposes. Each loot box has early access to one of 17 songs from the BODR album.
A total of 1,470 non-fungible tokens (NFT) will be generated from each song from the album.
15 Feb 2022
Gala announces another Galaverse festival, scheduled for 6, 7, 8 June 2022 taking place in Copenhagen, Denmark.
Entry tickets are limited to 800 and the purchase takes place on February 14th.
No wonder why GALA recorded a price spike on that date.
Even so, at the time of writing, GALA is slightly down over 4% in 24 hours, trading at $ 0.33.
The asset needs a nearly 60% jump to redeem an all -time high (ATH), $ 0.84 on November 26, 2021.
