GALA crypto and Solana increase by 60% and 20% respectively, here are the reasons

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In the last 24 hours, Solana jumped 20% while GALA crypto jumped 60%. Far from the markets 2% gain over the same period. Is the crypto bear market over?

Analysts say both projects present their communities with multiple reasons to look forward to 2023 despite massive losses in 2022.

Gala is the native currency of Gala Games, a gaming platform that allows players to earn crypto and NFTs. The native coin secures the platform and incentivizes players. The platform offers many game titles and many in-game features.

Gala Games is a decentralized gaming platform that allows players to earn crypto and non-fungible tokens (NFTs) through gambling. The platform offers many titles with significantly different gameplay features. Gala Games native token is GALA, which they use to secure the platform and incentivize players.

Solana is a proof-of-stake blockchain protocol famous for its high speeds, scalability, and low transaction fees.

At press time, Solana was trading at $16.25, up 22% in the past 24 hours, with a market cap of $5,993,676,089. Solana’s price rise in 2023 saw it jump from 16th to 11th place, surpassing LTC, DAI, DOT, TRX, SHIB and UNI in market value. The coin could make it into the top 10 despite the negative publicity surrounding the toxic FTX-Alameda economy.

On the other hand, GALA was trading at $0.0373, up 60% in the last 24 hours, with a market capitalization of $259,337,893. The coin is at #100 in market value on the crypto scene.

So why are these tokens rising? Is the bear market season over?

GALA and the Rock Collaboration

Analysts attribute the recent coin surge to an announcement from the Rock collaboration and a change in its business model. The coin has made a dramatic comeback, posting a 150% gain from its low point in 2022.

The developers have announced two movies starring Mark Wahlberg and The Rock, two big names in the entertainment industry.

They also mentioned some important developments in 2023 that would use the GALA token as gas.

Imagine you are going to the cinema, and there is a QR code on your ticket to redeem a digital collectible while watching a Netflix movie, and a QR code is also displayed there.

Gala Games Discord Announcement

They also mentioned upcoming projects with Ghosts of Ruin and David Bianches RZR.

More reasons to get excited in Solana

Both ecosystems recorded dissatisfaction with mobile manufacturers and app stores.

According to GALA Games, hostility was the main reason for their shift to desktop games. So far, the decision has proven to be a challenge, noting that many gamers use a mobile platform.

Solana’s developers shared similar dissatisfaction with mobile app stores. The developers will accept the first dApp on their Saga Android phone to deal with the situation. They will start shipping the phones soon.

The Solana ecosystem has had multiple issues with its network, which individually went offline in 2022. A second major upgrade will come from a second validator, Firedancer. The second validator will increase the resilience and reliability of the ecosystem, providing a backup if the other fails.

There is also talk of a new token standard, Token 22, which will have new capabilities such as collecting royalties on transfers, ownership, and hidden payments.

The developers of GALA also announced that they would be moving to mobile. According to Jason Brink, BitBender, the thawing attitude towards blockchain technology has brought more integration opportunities. The user base of hundreds of millions of mobile markets was too huge to be cold.

This does NOT mean a pivot FAR from desktop games. This is all still happening, but there is MUCH more happening on the mobile front as well and it will happen MUCH sooner and I couldn’t be more excited to see this all unfold.

— Jason Brink aka BitBender (@BitBenderBrink) January 9, 2023

Also read SOL Price Prediction 2023 2031, GALA Price Prediction 2023- 2031.

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