Coin Bureau Explains Optimism on Metaverse Token Gala Games ($ GALA)

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Recently, the host of the popular crypto commentary and market analysis show Coin Bureau commented on the “play-to-earn” industry.

During a recent YouTube video, Coin Bureau alias host “Guy” told the channel’s 1.78 million subscribers that $ GALA, which is the primary cryptocurrency used in the ecosystem of gala games, looks set to be the next major altcoin to emerge from the Metaverse token pack. The host claimed that $ GALA is standing out in the gaming industry to win a boom that is sweeping the crypto markets.

Gala Games operates as a blockchain-based, Ethereum-based gaming platform. In addition to playing the games, users can buy, trade, and sell their earned collectibles in the form of Non-Fungible Tokens (NFTs).

Guy noted that $ GALA could continue to grow in the gaming sphere, potentially to the point of rivaling Axie Infinity ($ AXS).

As reported by The Daily Hodl, the host of Coin Bureau said:

Assuming GALA’s current market cap is correct, it still has a lot of room for improvement compared to other cryptocurrencies in this niche. Now the leader in this niche is of course Axie Infinity and if GALA catches up with AXS it would be 2x, assuming AXS’s market cap stays the same.

Despite predicting a bright future for GALA, Guy warned that the project could suffer from an overprint of the platform’s native token. He argued that the developers were leaning on the supply side by flooding the game with millions of GALA dollars every week to reward founders ratings.

Even with the project’s shortcomings, Guy said the Gala Games could “easily become one of the best crypto projects in blockchain games”, in part thanks to the considerable experience of its founders and a well-built ecosystem. .

Warning

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptoassets carries the risk of financial loss.

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