GALA token pumped 25% following Snoop Dogg’s high-profile NFT endorsement

Key Takeaways:

• Gaming platform Gala Games’ in-house token gained 25% in two days.
• The uptrend came in the wake of Snoop Dogg’s tweet and his upcoming NFT album.

YEREVAN (CoinChapter.com) —̦ Gala Games’ token of the same name has swelled by over 25% in the past 24 hours. In detail, the GALA/USD exchange rate stood at $0.33 in the European session on Feb. 15 after bouncing off from significant support at $0.30.

Additionally, GALA used the exponential moving average (EMA-20; blue wave) as assistance and broke over the EMA-50 (red wave). Moreover, the latest uptrend skewed the trajectory of EMA-20 upward, hinting at a possible Golden Cross.

The latter occurs when a short-term MA crosses above a long-term MA. In detail, the Golden Cross results from the price action and not the reason behind it. However, it tends to initiate in a bullish phase and could provide additional support to the digital asset in case of a sell-off incentive.

Also read: Gaming token GALA now among the top 50 crypto assets following its 172% weekly gains.

In detail, GALA’s uptrend came in the wake of Bitcoin (BTC) ‘s recovery attempt, as the alpha crypto gained 7% since Feb. 14. However, award-winning rapper Snoop Dogg’s choice of NFT platform for his upcoming album further fuelled the rally.

Snoop Dogg to drop his first NFT album on Gala Music

After Snoop Dogg appeared on the spectacular 2022 Super Bowl Halftime Show, he tweeted, releasing his first NFT album on Gala Music. The word about the album spread days ago, but the platform’s native token GALA took the tweet as a green light and jumped 25%.

The rapper called his BODR Stash Box “the gift that keeps on giving” and hinted at more surprises coming soon. In detail, Gala Music described its Stash Box feature as a “lifetime membership to an elite club” and urged users to collect all 17 tracks/NFTs.

You’ll get everything that ever comes out of your Stash Box, including the 1/17 track NFT from the Bacc On Death Row album. There will be additional TBD rewards such as access to owner drops, increased in-game utilities over time, and the upcoming ability to use your music in various Gala Games to earn rewards.

commented Gala Music.

Also read: Bored Wukong creator accused of plagiarising BAYC NFTs. 

If one collects all 17, they will gain access to private concerts and even “possibly BBQs at Snoop Dogg’s home,” said the announcement. Additionally, the lucky collector will receive ongoing VIP membership benefits, including “communications that are entirely TBD throughout the Gala Ecosystem.”