GALA is a gaming currency that may be used to purchase items, upgrades, and other in-game assets, it can also be used as a governance token.
Gala is an Ethereum-based cryptocurrency and it powers Gala Games, a platform that aspires to revolutionize the gaming business by restoring control to players.
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Coin Overview and History
Gala Games was formed in 2018 by Eric Schiermeyer, the co-founder of game developer Zynga, Wright Thurston who is a crypto miner, and Michael McCarthy, the creative director behind viral games such as Farmville, The project was created with one purpose in mind: to return control to gamers.
Gala Games’ co-founders are aiming this to promote this endeavor to a wide range of gamers who want to transform the gaming ecosystem.
Non-fungible tokens (NFTs) were introduced into the Gala Games ecosystem as the first step toward making gaming more decentralized and allowing users to take control of their game content. Not only within their own game, but throughout the Gala Games ecosystem, NFTs can be gathered, purchased, and sold.
Gala Games has built a blockchain network that runs the whole site and is fueled by GALA tokens.
GALA tokens, which are based on the Ethereum network, are transferable among users who have complete control over how they are used. This initiative ensure that “power” returns to gamers and gives them full control of their game assets.
As a governance token, users can use the GALA token to acquire voting rights on which games will be published next on the platform, allowing players to exercise full governance.
Gala Games intends to develop many gaming studios that will work on different games in the long run, resulting in a consistent stream of NFTs that will be distributed to the node network to incentivize and stabilize the network.
The maximum number of GALA tokens is unknown; nevertheless, the total supply surpasses 35 billion, with almost seven billion now in circulation. As of May 22, 2022, the token had a market capitalization of around $2 billion and was listed as the 80th largest cryptocurrency by CoinMarketCap.
Data from GALA website reveals that platform has attracted 1.3 million monthly users and sold over 26,000 NFTs, the most expensive one which sold for $3 million.
Coin Overview and History
Gala Current Price Today $0.0841
Price Change (24hrs) $0.00212 (up 2.60%)
24hrs Low / 24hrs High $0.08072 /$0.08622
Trading Volume (24hrs) $206,666,896.86 (down 31.46%)
Volume / Market Cap 0.3543
Market Dominance 0.05%
Market Rank #80
Market Cap $583,287,973.21(up 2.07%)
Fully Diluted Market Cap $2,946,041,073.35 (up 2.07%)
Gala Price Forecast
You may ask, “Should I buy Gala today?” “Should I invest in Gala now?” or “Will Gala be a good or poor investment in the short and long term?”
In this article, we used technical analysis methods to anticipate future prices for a large number of digital coins such as Gala.
If you’re looking for high-yielding cryptocurrencies, you should look into as many sources of information as possible about Gala in order to make an informed conclusion about your investment.
Fundamental
The Play to earn market cap is expected to grow to $210 billion by 2024. It was probably less than $10 Billion 2021. Gala Games Crypto which is a cryptocurrency-based online gaming technology that lets players play and invest in games.
The company has had tremendous growth in a short period of time, and its user base is continuously expanding.
The startup intends to utilize the proceeds from its gaming platform to support the creation of a new blockchain that would enable faster and less expensive transactions.
Gala Games Crypto could be a decent investment as a result of this. GALA had a bullish year in 2021, hitting an all-time high of $0.83 on November 26. According to pricing forecasts, this steady growth is projected to continue. However, projections aren’t always accurate, so do your own research before investing. Gala bills itself as a blockchain-based social media platform. They have a roadmap and are organizing an initial coin offering ICO. Airdrops and weekly Gala coins will also be distributed to holders.
The concept appears to be interesting, and their whitepaper promises interesting times. Gala has a strong foundation and this can help lower the investment risks.
Your specific circumstances and risk appetite will determine whether GALA is a good investment for you. Cryptocurrencies are risky and volatile investments. Before investing, you should conduct your own research and assess the level of risk you are willing to accept. Also, never put money into an investment that you can’t afford to lose.
Technical
In 2021, GALA managed to hit an All-Time High price of $0.83. Later it went on a steep dive and has already dropped, but by the end of the year, 2022 it is expected to reach $0.2.
Gala has a market size of $2 billion with a current price of $0.084. It’s market valuation would be $48 billion if it were to hit the $10 mark. Over the next three years, the Play to Earn business is expected to grow.. Gala might be priced somewhere between $6 and $10 dollars by 2027, even if the projections are incorrect by 2-3 years.
If you purchase a Gala today for $100, you will receive a total of 1190.47 gala tokens, according to predictions, a long-term growth is projected, with a price forecast of 0.270 US Dollars for 2025-12-31. The revenue is estimated to be around +1103.1% profit after a 3-year investment. In 2025, your current $100 investment may be worth $13125.7
Given the rapidly expanding hype of the metaverse and NFTs, as well as GALA’s deep discounted market cap, a pump of further over Fifty times the current price is possible.
Gala Coin Price Prediction
The Gala price projections for 2022, 2025, and 2030 are described in detail below:
Gala Price Prediction for 2022
According to price prediction from crypto expert Digital Coin, the price of Gala is projected to cross the $0.11 level, according to research. Gala is projected to reach a minimum cost of $0.11 by the end of the year. Furthermore, the GALA price has the potential to reach a maximum of $0.15.
Gala Price Prediction for 2023
According to our estimates, the Gala price will rise. The Gala price is currently $0.0841, but the average Gala price is anticipated to be $0.12 by the end of 2023. The minimum price is projected to be $ 0.11 with the maximum price being $0.13. A bearish run is expected late during the year and in 2024.
Gala Price Prediction for 2025
The price of GALA is likely to cross the $0.16 mark, according to forecast data analysis. Gala is aiming for a $0.15 minimum price before the end of the year. Furthermore, the price of GALA has the potential to reach a maximum price of $0.20.
Gala Price Prediction for 2030
The price of GALA is projected to cross the $0.39 level, according to forecast. Gala is also anticipated to meet the target cost of $0.38 by the end of the year. Furthermore, the GALA price has the potential to reach a maximum price of $0.42.
Frequently Asked Questions (FAQs)
What is the current price of the Gala?
As at the time of this writing, the price of the Gala is currently valued at $0.084
Where can I buy Gala Coins?
GALA is available on a number of major exchanges, including: Coinbase, Binance
Kraken, eToro.
What will Gala be worth by the end of 2022?
Based on research of the cryptocurrency’s past performance, it is anticipated that the GALA cryptocurrency would trade at $0.11 by the end of the year and could reach a higher value of $1.15.
What will the Gala be worth in 2025?
Our positive GALA crypto price prediction was corroborated by Digital Coin Price, but at a considerably slower rate, with the coin reaching $0.20 by December 2025.
Can Gala go up to $1?
Using complex analysis tools, Wallet investor predicted that Gala token prices would rise to $0.48 in 12 months and $1.62 by 2027.
When exploring new investments, investors should only invest cash they can afford to lose after conducting their own research. However, anyone interested in the gamespace should take a look at the underlying patterns and GALA’s fundamentals.
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With a solid background, knowledge and certifications in blockchain, fintech and technical content writing. Gabriel has researched, written and developed several SEO-driven articles, press releases, financial technical documents, litepapers and whitepapers in the blockchain niche. He also specializes in taking rough business ideas and making sure they are both financially and technically feasible (with a focus on blockchain, tokenomics advisory, DeFi, AI and the finance industry).