Gala crypto price now

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Even specific altcoins caught up in the FTX-related fallout, such as Solana, have posted the largest monthly bullish candle since August January, and , are off to quite the start for anyone daring enough to buy the dip. What Is The January Effect? The phenomenon was first spotted as far back as by investment banker Sidney B. Watchel noticed that small cap stocks outperformed the rest of the market for January � with most of the returns arriving before mid-way through the month.

Investopedia asserts that the increase in buying activity is due to investors buying small cap assets back after performing year-end tax-loss harvesting following a price drop. This is a common practice for higher net worth investors who are seeking to maximize all possible tax benefits.

Even Bitcoin bull and MicroStrategy front man took advantage of some tax-loss harvesting due to his BTC holdings sitting at a loss.

Smaller altcoins, considering the lower volume and liquidity profile, react much more potently to the switch from year-end selling, to new year buying enthusiasm. Another possible reason is due to investors first rolling out a new investment plan starting in a new year. Whatever the reason, considering how far many altcoins have climbed, this January is currently leaning in favor of proving this phenomenon accurate.

Whether this should be expected, or is due to the downtrend combined with the third year of the Biden US Presidency, remains to be seen. Considering most data suggests that the party ends a little early at around mid-month, altcoins could have another few days to shine. How will January end for cryptocurrencies? Since Dec 31, , the results have been dramatic.

Past 7 days in crypto: pic. Gala Games has announced the complete acquisition of Ember Entertainment. The blockchain gaming platform Gala Games has announced the acquisition of Ember Entertainment. According to updates on its Twitter and Discord accounts, the erstwhile external partner is now a part of Gala Games.

The first two games to be integrated will be Dragon Strike and Meow Match. The games will enable Gala to scale. Players will have the opportunity to participate in play-to-earn blockchain games using their mobile devices.

As contained in the update, users of Dragon Strike will get at least one scroll of minting from the beginning. Each earned scroll of minting provides users the opportunity to pick a database item on the platform.

For the Meow match, the game becomes aligned with the Gala Games protocol. Through this alignment, all cats owned by users become digital assets on the Gala Games blockchain. It is a direct way of introducing play-to-earn to Mobile, a goal of this acquisition. Gala Games and Ember Entertainment have been working in partnership for some time. They have collaborated to deliver The Walking Dead Empire to the online gaming community.

With the recent acquisition, Gala announced that the entire Mobile portfolio of Ember Entertainment becomes a part of their network. Mixed reactions followed the update on Twitter, as some followers questioned the deal based on its integrity. A follower questioned the role of Ryan Geithman, who doubles as a studio director at Gala and the owner of Ember Entertainment. This observer questioned the integrity of the deal, considering the involvement of an insider. These followers are investors who claim to have held the token for some period.

They believe the latest development will attract more users to the platform, resulting in a positive economic impact on the native token. Collins Adane - CoinEdition. Here are the top 5 hottest NFT coins and how you can buy them on Binance. This Week at Binance: Jan 1�7, Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks.

The content expressed on this page is not intended to be and shall not be construed as an endorsement by Binance about the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.

This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. There are over a million active users around the world and the platform itself has seen over 50 developers and experts working on it.

All of the games the project offers are easily accessible through the blockchain via DApp. Also, all of the supported games are fully free to play. Aside from the 5 games the platform offers, there is also an NFT store that holds all of the items a player can own in any of the offered games. There are 6 levels of the mentioned items and they are spread out based on the rarity, or how hard they are to obtain.

The platform has partnered with CoinPayments to allow any of the in-game assets to be purchased with several cryptocurrencies. The games vary from an online multiplayer battle arena to building and pvp games. There is even an RPG game available as well as a strategic one. The building game, called Town Star, allows players to compete with each other regardless of their geographical location and put themselves in a position to earn non-fungible tokens.

To be able to take advantage of all the features which Gala Games offer, including their games, you will need to visit their official website. Once there, you will be required to create an account for yourself, which will include you giving your email address, some personal information, and choosing your username. You will receive a confirmation email that will allow you to make your account official. After that, you will be asked if you want to create a wallet for yourself on the platform which, if you agree to it, will ask you to write down 12 words needed to keep your account safe at all times.

If you have taken care of this and setup you can fund your wallet with any of the 4 supported tokens. Playing games is free on the platform, and only one of them, Spider Tanks, requires you to download the launcher.

Games are rather easy meaning there will be no confusion with how to play them. The store is also available to you on the platform so you can purchase any items which can give you an upper hand when playing.

Lastly, you can download the node if you are looking to become one of the runners and help with the improvement of the network. The platform also offers an improved user experience as the players can customize their avatars in the future through the use of VOXs. Those represent collectible NFT avatars where each one of them is unique and have a different level of a rarity as well. The biggest difference is that Gala Games has focused on the quality of a tokenized gaming experience to be able to offer interesting games which allow players to make a profit by playing them.

Besides being the utility token within the platform GALA is also designed to be easily transferred between players and they are also in full control, meaning that they can choose how they will use the tokens. Also, node runners can earn these tokens by supporting the platform and its ecosystem. There are many crypto gaming projects out there that focus on NFTs, however, Gala separates itself with a larger variety of games and also with better quality.

With all that being said, remember that the crypto world can be extremely volatile so it is no large surprise that experts are divided on the future of the platform.

If you want to invest in Gala, make sure you only invest an amount you are willing to risk. Running a node is one of the options you can look at to earn some GALA, however, there are faster ways to do so as well.

You can utilize any of the crypto exchange platforms which support the token and buy them there. However, not all of those platforms support fiat to crypto exchanges meaning you will have to swap a token with better liquidity, like BTC or ETH for them. A peer-to-peer transaction would be the option with the least complications as you would need to locate a holder willing to sell their GALA and transfer an agreed amount in fiat currency to their bank account.

In return, they would send the specified amount of GALA tokens directly to your crypto wallet. On , the price of a GALA token is. There are currently GALA tokens on the market, with tokens available. We have mentioned that all the offered games are free to play, and there are currently no fees linked to the project. However, there are gas fees that you would need to pay if you decide to move any of the items to another blockchain. If you decide to trade GALA tokens on any of the exchange platforms which support them, you will run into trading and withdrawal fees, both of which vary from one exchange to another.

There has been an increased use of cryptos in the last several years as they are becoming more popular by the day. Right now some of them are offered as payment options on some of the biggest E-Commerce platforms as well as in certain parts of the globe. However, this doesn't change the way that their legal status varies from one country to another.

Click here to check the legality status of cryptocurrencies by country. You can store GALA on your account on the platform if you have set up your wallet properly that is. Other than that, you can use any appropriate software or hardware wallet, where the hardware ones are both safer and more expensive.

An exchange platform that supports GALA is a place where you can store them as well, but it would require you to give control over your tokens to a third party, which is not the safest option.

Spreading out your tokens among a few storage devices might be the safest idea as you would not risk all of your digital assets if anything goes wrong with one of those devices. A peer-to-peer transaction would be the fastest way to cash out your GALA tokens. Most of the exchange platforms which support GALA will require you to swap them for another crypto as they do not support crypto to fiat exchanges.

This will require you to take the swapped tokens to another platform which will allow you to exchange them for fiat currency with ease. The games of the project keep drawing in more and more players, and its token is being traded daily, meaning that they are seen as safe enough by the crypto community.

Just like any other crypto platform, Gala Games has security measures in place at all times.

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