With Bitcoin halving just hours awayl, the broader crypto market consolidated in the 24 hours. While the market recovered by around 5% over the past day, GALA was among the top crypto gainers as it jumped by around 15% during this time.
GALA isn’t the only gaming crypto that’s bullish, though. Many traders are also quite bullish on a new GameFi token, Mega Dice Token ($DICE), which could be one to watch after raising over $360K in less than three days of its launch.
GALA Could Continue Uptrend If It Breaks Out Of This Bullish Pattern
GALA has been on a sharp uptrend since February. Data from TradingView shows that it saw an over 310% gain between 5 February and 10 March. One of the main reasons behind this rally is the launch of Gala’s DEX – GalaSwap in February.
This DEX offers faster transactions, lower fees, and high token rewards. It also improves scalability, attracting new users and potentially contributing to the price surge over the past month.
The token’s intraday performance has also been quite impressive. Over the past day, it rebounded from its $0.03 support level on its chart.
This helped the token rise by around 15%, making it one of the top gainers on CoinMarketCap.
The current pattern on the daily chart shows a classic bullish flag pattern. It’s a chart that resembles a flagpole with a rectangular flag.
Such a pattern usually indicates a likely bullish move ahead after a brief consolidation. So now buyers should look for a potential close above the $0.05 resistance, which could confirm an uptrend in the near term.
Moreover, the platform recently sponsored a $1 million hackathon at the Game Developers Conference, attracting many new users since then.
GALA has also been actively launching new games for its users. For instance, it’s currently preparing for the upcoming launch of its new game, Voyager: Ascension. This is the first ever 3rd party creator game that will be launched on Gala Games that can attract more players to its ecosystem.
As gaming coins turn bullish, a new GameFi token that has been trending lately is the Mega Dice Token. It raised over $365K in less than 3 days after its launch and showed huge upside potential for early buyers.
Could Mega Dice be the Next Big Gaming Token?
Mega Dice is a popular Telegram-based online casino with over $50 million monthly bets. It already has an established user base of over 50,000 players and has a casino with 4500+ games.
The platform recently launched a presale for its native Mega Dice Token ($DICE). Early buyers can get the tokens for only $0.069 at the time of writing. However, this price will increase in the next presale stages.
$DICE token presale raised over $365K in under 3 days of its launch on Solana, showing strong community support.
You can stake your $DICE tokens to get a share of the casino’s profits. You can also get special rewards, including rare NFTs with extra bonuses and perks.
The platform also has a referral program, wherein if you refer new people to buy $DICE tokens during the presale, you can earn a 10% commission (with no upper limits).
Moreover, Mega Dice is currently offering a $2.25 million airdrop in three phases. To qualify, users must bet a minimum of $5,000 within 21 days.
According to the Mega Dice Token whitepaper, the platform has set a supply cap of 420 million $DICE tokens. 35% of these tokens will be available in the presale for a discounted price for early buyers.
Interested buyers can follow Mega Dice Token on X (formerly Twitter) and enter its Telegram channel to get the latest updates.
