Play-To-Earn Altcoin Built on Ethereum Soars 309% After Coinbase Listing

An alternative gaming currency built on top of the Ethereum network has seen its parabola rise virtually non-stop after being added to the leading US crypto exchange Coinbase.

Coinbase added Gala (GALA) to its professional trading platform early last week, and then rolled out altcoin support on its retail trading platform on Wednesday.

Since Coinbase announced its initial support for the altcoin, the GALA surged from $0.11 to a new all-time high of $0.45 on Sunday – an increase of 309%.

The coin is up 43% in just the last 24 hours at the time of writing.

Gala is the core crypto origin of the Gala Games ecosystem.

It is designed to play a large number of games that allow players to earn rewards as well as buy and sell in-game items in the form of non-fungible tokens (NFTs).

The coin is a relative newcomer to the crypto space, having launched in September of 2020.

So far, the project has launched a single playable game called Townstar, which is a competitive farming simulation game featuring player-owned NFTs. The game allows players to participate in different challenges to climb up the weekly leaderboard and earn in-game rewards.

So far, Gala Games says its ecosystem has sold around 26,000 NFTs, with the most expensive NFT selling for $3 million.

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Featured Image: Shutterstock / Liu zishan

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