Gala Games token surges ahead of a big ecosystem news

It is still too early to predict the nature of the announcement, but based on past statements, there are indications that it could involve the launch of TREZ, an upcoming token for Gala’s tap-to-earn ecosystem.

In a statement earlier this year, the developers noted that its tap-to-earn ecosystem had accumulated over 3 million users across games like GALACoin, Music Coin, and Treasure Tapper.

Telegram tap-to-earn games have become highly popular among users, and Gala hopes to become a significant player in this space. Most of the existing games like Hamster Kombat, Notcoin, Catizen, and Avecoin have chosen to operate on the TON Blockchain, which was developed by Telegram.

Tap-to-earn networks allow users to accumulate tokens by tapping a button on a mini app or completing simple tasks, such as following an X account or watching YouTube videos.

Users accumulate tokens and can cash out when an airdrop occurs. Networks like Catizen and Notcoin have already launched their airdrops, with their tokens valued at over $300 million and $786 million, respectively.

Gala token hits a key resistance

The Gala token bottomed out at $0.0134 in August and has since bounced back by over 60% to $0.021. It recently crossed the 50-day moving average and retested the key resistance point at $0.021, its highest swing since Aug. 25, and the neckline of the double-bottom pattern.

The Relative Strength Index and the moving average convergence/divergence indicators have continued rising, meaning that it has momentum. 

Therefore, Gala will likely continue rising as bulls target the next key resistance point at $0.027, its highest point on July 21.