This morning the GALA price dropped 12% from a high of $0.02131397 to $0.01880181, posting intraday losses heavier than the two market leaders, Bitcoin ($BTC) and Ethereum ($ETH).
Gala’s descent has since slowed. At the time of writing its current price of $0.01947 represents a 24-hour loss of 4.2%, although it has grown by 10% in the last 7 days.
The token’s erratic price movement came after yesterday’s announcement that Gala Games is integrating Google Pay and Apple Pay into its gaming ecosystem.
Still, Gala’s intraweek performance outpaced Bitcoin, which is only 1% pricier than it was last Wednesday at its current price of $60,084. Ethereum actually lost 2% over the week and currently trades at $2,531.
GALA Price Analysis
Gala ($GALA) is the ERC-20 utility token powering the Gala Games ecosystem, where it serves as tender, facilitating in-game purchases, rewards, and community engagement. It’s also a governance token, giving every holder a voice in the platform’s development.
According to the price chart over the last 3 months, Gala has been trading between fairly narrow margins of resistance (red line) and support (green line). While the price is falling right now, a rising relative strength index (RSI) of 49 could push prices in the green by tomorrow.
Source: TradingViewGoing into the weekend, the token is unlikely to drop below $1.50, where it has strong support.
Gala Games Investors Hit By Timely The Meme Games Presale
While Web3 gaming platforms and tokens like Gala’s $GALA are still finding their feet creatively, one timely presale is attracting hundreds of thousands for its Olympics theme and its intriguing buy-to-win gaming experience.
Dubbed crypto’s official Olympics meme coin by degens, The Meme Games ($MGMES) has already raised $400,400.
Those who buy $MGMES tokens now are prompted to select their favorite meme coin avatar, between Dogecoin, Pepe, DogWifHat, Brett and Turbo, and watch them race for a one-in-five chance to claim a 25% bonus on their initial purchase.
$MGMES is currently selling at a fixed presale price of $0.00935. In two days it rises incrementally to the next fixed price of $0.0094.
This means today’s investors can purchase 10,000 $MGMES at just $93.50
This is the lowest price the token will be at for the rest of the presale season, which runs concurrently with this year’s Paris Olympics and Paralympics.
Participants can purchase $MGMES an unlimited number of times with no minimum purchase requirement to increase their chances of securing multiple 25% token bonuses.
The official project website and whitepaper encourage investors to stake tokens during the presale to take advantage of the tidy 481% APY on offer right now.
This figure decreases with the number of stakers, so participants will want to stake early and stake big to maximize yield. Notably, staking is only available on Ethereum.
Even though it’s only in presale, $MGMES is a more timely and rewarding investment than Gala’s $GALA.
Follow The Meme Games on Twitter and Telegram.
Join the presale via the official website.
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