Crypto News: Gala, Ada and Shiba inu

Gala 

The price of the crypto skyrockets and boasts a 51.75% jump in the last trading day, touching $0.03881, partly due to the effect of speculation and high volatility. 

Gala is the trading currency for Gala Games players and is based on the Ethereum blockchain (ERC-20). 

Gala was created three years ago by Eric Schiermeyer and Michael McCarthy and in the initial plan wanted to grow through the sale of so-called “founder’s nodes” which are the basis of its ecosystem. 

The nodes give the buyer rewards that accrue through Gala, Non-fungible tokens and governance authorities. 

Gala’s software engineers have shifted the focus of work to designing the proprietary GalaChain blockchain, engaging in function collaborations with other partners, and incorporating other gaming companies after acquiring them. 

Gala is more scalable than Ethereum according to industry observers and has developed ties with companies such as Frank Miller, Under Armour, and AMC’s The Walking Dead. 

As of today, the crypto’s price has reached a daily trading volume of $453.6 million and is -1.77% from the 7-day high of $0.03961 while there are 6.98 billion units in circulation against GALA’s maximum of 50 billion.

Cardano (ADA) 

Ada touches €0.27 taking home a +5.15% in value in the last day, recovering from the abyss it plunged into in 2022.

The open source company had ended the year by posting a -81.24%, which gave it a place of honor in the Coin Market Cap’s special ranking of the worst crypto assets just above the other big unexpected loser, Solana, which had suffered big meddling from the FTX issue, and just above Polkadot.

Despite the thud made over the past year, Cardano remains firmly in the top ten rankings for market capitalization in exactly ninth position. 

Cardano’s Market Cap stands at $8.7 billion.

In 2021, ADA posted an incredible performance of as much as 620% but as of today, it is 92.50% below its all-time high at $3.10. 

Cardano managed to break the stalemate in the early days of the year at $0.24 and also broke through the next resistance of $0.27.

Now the coin could reach the static resistance of $0.305 and re-enter a price tunnel where it had stalled for about a month last year.

Shiba Inu

The Shibarmy continues to support the metaverse project announced last year in great detail by Shiba’s Twitter account, the meme coin of the world’s most famous doggie. 

The project’s Lands are selling fast, as are the tokens needed for trading within the shib.io metaverse. 

Despite not yet having a usable version of the project as announced, it appears that the final one will be released following the launch of Shibarium in 2024.

Meanwhile, the new year for the most famous meme coin closes on a positive note with a +3.22% in the last 24 hours bringing the coin to €0.00000816.

The trend started just after New Year’s Eve and in 7 days brought Shiba Inu a 7.33% increase in value, a respectable performance.

According to estimates also reported on its Twitter account, the cryptocurrency can boast the title of the third most searched crypto on Google in 2022, just behind the behemoths Bitcoin and Ethereum. 

€0,00000816

↗ €0,00000025 (3,22%)

€0,00000816

↗ €0,00000056 (7,33%)