Popular metaverse coin Gala Games (GALA) has seen a 163 percent increase in the past month. Aptos (APT), which is also seen as the ‘Solana killer’, separated from the market with its daily performance. Experts examine the reasons for the superior performance of these two altcoin projects.
Gala Games (GALA): 2 reasons for the altcoin project’s performance
Despite the declines seen in the crypto market in the last 24 hours, GALA, the native token of Blockchain gaming platform Gala Games, continues to increase by 163% in the last 30 days, according to CoinGecko data. However, in the last 24 hours, GALA was down 6% to trade at $0.0479. At the beginning of 2023, gaming and metaverse tokens outpaced the broader crypto market in terms of earnings. GALA attracted attention after its massive rise to $ 0.056 on January 23.
Anticipating that 2023 will be a great year for gaming, the Gala team took some steps as well as the positive emotions that the game and metaverse tokens gathered. On January 12, Gala Games announced a platform-wide burn. In a screenshot shared on his official Twitter account, Gala Games head of Blockchain Jason Brink announced that when a ‘purchase’ is made on the GALA platform, the GALA used during the 1st quarter of 2023 will be burned. In such a scenario, there will be automatic combustion. When these GALA tokens are burned, the same amount will be added to the emissions pool for reissue via Founder Nodes in the normal distribution.
Gala Films-backed ‘RZR’ begins
Gala continues to be dedicated to Web3 games and entertainment. On a positive note, Gala Films is working with actor and director David Bianchi for the upcoming series ‘RZR’.
Building #film3 one step at a time at the #RZR table read 🎬@exertion3film #GalaFilm pic.twitter.com/ElE5ZMx4Fs
— Gala Film (@GoGalaFilms) January 24, 2023
Gala Films will undertake the production and distribution of the film ‘RZR’, which will begin shooting this month. By the way, the premiere date has been set for this year. In November, Gala Films announced that it has partnered with the production team of ‘Four Down’ in a financing and distribution deal for a feature-length documentary directed by Emmy Award-winning filmmaker Steven Cantor.
Aptos (APT): Top reasons for altcoin price increase
Despite the general decline in momentum of the broader crypto market, Aptos (APT) is seeing a revived price as it rallied 22.60% to $15.82. According to data from CoinMarketCap, this price represents an all-time high (ATH) for the altcoin. It has also greatly rekindled confidence in its growing community. By a very convincing margin, Aptos will rank as the leading digital currency to beat its own ATH since the collapse of the FTX Derivatives Exchange. In particular, Aptos came to market at a time when there was less FUD on the market and the entire industry was capitulating.
Today, Aptos continues to impress with continued ecosystem growth. As a Tier 1 Blockchain network, its ability to attract promising and viable projects has been noted by investors. The protocol recently welcomed the ease of accessibility of the now open source Aptos Name Service (ANS) protocol.
1/ ANS is now open source! Dive into it ⤵️https://t.co/TGGgHVBMYy.
— aptosnames.apt (@aptosnames) January 25, 2023
In addition, Petra Wallet went live on the protocol and Aptos recently held an NFT Meetup with the participation of some emerging marketplaces. With this, the altcoin has shown how ready it is to drive the all-encompassing growth of its ecosystem.
Instinct of the ‘solana killer’
Aptos is a high-performance blockchain that many have touted as a viable Solana killer. The protocol was designed using the Move programming language, a Rust-based language developed by Meta Alumni working on the Diem project.
Throughout this year, Aptos has led the market momentum and has been consistent with this bullish trend, up up to 94% last week. The altcoin is only gaining momentum, but this year it is displaying trends where it can compete as one of the most viable Tier 1 blockchain protocols to watch out for.
