Gala and Decentraland (MANA) crypto

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Among the notable crypto-currencies at the start of the year, we can certainly mention Decentraland (MANA) and Gala.

Cryptographic analysis of GALA and Decentraland (MANA)

Investors were surprised at the start of the year, marked by such high volatility but at the same time marked by strong recoveries such as that of Decentraland (MANA) and Gala.

Gala Group (GALA)

0.04411973

+0.00175231

+3.82%

Gaming company Gala Group, which is led by the smaller Gala Games, a gaming platform based on blockchain technology, recently made headlines for the performance of the GALA token.

Digital currency is used for transactions between players in the Gala Games microcosm.

Gala’s trading volume exploded with +495% (992 million) in a single day, and more importantly, this was not a one-time event, rather the token continues to appreciate.

At the moment, Gala is worth 0.04408789 with a trading volume of 675,072,751 while the market capitalization is 281,829,412.

Over the past week, in confirmation of the trend, the value of the currency has increased by 25.85% and has made a +4% since yesterday only.

There are 6,977,205,436 GALAs currently in circulation.

Gala Games and Hollywood actor Dwayne Johnson, with experience wrestling in America under the stage name The Rock, have partnered, as has actor Mark Wahlberg to produce two different films and promote the token.

Those who choose Gala Games will have the chance to scan a QR code to buy movie tickets and win prizes, including Netflix subscriptions.

Satoru Kikugawa, CEO of Gala, had this to say about the recent acquisition in mobile games:

Our recent acquisition is a major step forward in terms of our ability to test and explore various tactics in this area. Is it exaggerated to think that we saved ourselves the equivalent of 15 years of development? I may be exaggerating, but not too much. If you were to ask the team to develop 15 full mobile games, it could take 9-12 months per game.

Decentralized (MANA)

Decentraland is the metaverse of the MANA token which is used within it to purchase virtual land (actually) and services.

The value of Mana exploded with +73.62% this week alone, from 25.21% if you consider only yesterday.

To date, the token has touched €0.65 but is down 88.02% from the all-time high of 5.45.

There are 1,855,084,191.78 MANA in circulation as of today, and prior to this performance, the token had been in a downward spiral for a long time.

For most of the past year, the token’s RSI has been below 50 and the 30-day average has been below the 200-day average since spring.

In addition to correcting last year’s oversold losses, MANA is not only recovering quite well from 2022’s oversold losses, but is also gaining more than the average for the best performing crypto assets, in part perhaps due to the recent developments.

Decentraland has implemented some major upgrades that have helped recent performance and made it one of the top price action targets.

Among the most notable updates are the introduction of avatars and Facebook-like interaction and friend request features.

The platform has also improved in terms of fluidity of play and intuitiveness.

In addition to these upgrades, the company has expanded its partnerships and is investing more and more in the direction of security and the metaverse, resulting in excellent performance of the token which is chosen by more and more people. investors.

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