The play-to-earn (P2E) gaming sector of the cryptocurrency ecosystem has been one of the sectors most resilient to the volatility and price declines in the past couple of months as gamers are jumping on the ability to earn income while playing tokenized videogames.
One project that has seen its token price climb rapidly in the first week of February is Gala, a protocol focused on utilizing blockchain technology to give players control of the games they play and the in-game items they acquire.
Data from Cointelegraph Markets Pro and TradingView shows that the price of GALA climbed 117% after hitting a low of $0.177 on Feb. 2 to hit a daily high of $0.384 on Feb. 7.
Three reasons for the rapid recovery in GALA price are the upcoming launch of several new popular games on the protocol, a series of new partnerships that have helped expand the GALA ecosystem and the growth of the GALA userbase, which continues to hit new record highs.
