According to a report from trend-spotting firm Gartner, 20% will spend at least an hour each day shopping, working, playing, or learning in the metaverse by 2026. One cryptocurrency that’s well-positioned right now to grow and benefit from that future trend is Gala Games (GALA). Consider two primary things you should know about this potential metaverse play before investing:
- Gala Games has its own NFT collection and a highly engaged community
- GALA price is an 87.7% discount from its $0.71 price peak back on 27 Nov 2021.
Today’s Gala price today is $0.086927 with a 24-hour trading volume of $295,888,530. Gala is up 1.30% in the last 24 hours. The current CoinMarketCap ranking is #78, with a live market cap of $606,505,646 USD. It has a circulating supply of 6,977,205,436 GALA coins and the max. supply is not available.
What is GALA?
GALA is the utility token of Gala Games and is the main asset used in the Gala Ecosystem for gaming and buying the in-game assets. The token is an integral part of Gala Games, which users can use in the Gala Games ecosystem by running a Gala Node.
However, to run a node, Gala players will need a license that will allow them to earn rewards and NFT from their home computers. But the catch is that this license costs $13,000 in ETH, BAT, or GALA. Furthermore, the number of nodes that can participate in the process is 50,000.
How does Gala work?
Gala is similar to a Steam store or GOG and involves a variety of games that users can play on the platform. Unlike other stores, which include players paying to play the games, the games here are free-to-play, and users can own all the items in the game. GOG.com is a digital distribution platform with a curated selection of games and a philosophy that is a “you buy it, you own it.”
Gala’s approach to blockchain-based gaming is unique compared to the new ‘buying’ in-game items. There are a total of 5 games on the platform:
- Spider Tank
- Town Star
- Echoes of Empire
Most of these games are NFT and metaverse themed, where users will have to create something or use NFT to complete the game. Players will also find an NFT store with several in-game assets distributed in these categories: six rarity classes: Common, Uncommon, Rare, Epic, Legendary, and Ancient.
Gala ended 2021 on a high with an announced partnership with Under Armour. This is poised to be a partnership for charitable causes. Two thousand nine hundred seventy-four editions of the Genesis Curry Flow NFT were made available.
Binance partnered with Gala Games and many other metaverse networks to give metaverse tokens worth $400,000 last December 2021.
Gala latest developments
Gala promised to develop blockchain games that people would want to play. They delivered on that promise by announcing in December that they would be partnering with legendary Sims designer Will Wright. Gala Games and Gala Labs worked with Wright to create the VOXverse, a home for your favorite collectible “avatars that DeFi!”.
Gala has some plans for 2022. The most important thing is to migrate to their proprietary blockchain to reduce network fees and combat many Ethereum bugs that might inhibit long-term growth. New games are also to be expected for 2022. Gala Games announced in January on its blog site that it’s in the process of deploying its own blockchain, since its gaming ecosystem currently runs via the congested Ethereum network.
It was also announced that there are proposed partnerships with more companies like Frank Miller, Under Armour, and AMC. They also mentioned that charitable work and sustaining the environment will be done more in 2022.
Gala games enable blockchain-gaming-focused projects, allowing users to utilize their NFT characters in gameplay. These features made it easy for GALA to make significant gains after being listed on the Binance exchange.
|Coin||Symbol||Price||Marketcap||Change||Last 24h||Supply||Volume (24h)|
||GALA||$ 0.057141||$ 430.64 M||2.32%||7.54 B||$ 284.42 M|
What makes Gala unique?
Gala has several unique qualities that stand apart from other blockchain-based play-to-earn gaming platforms.
- Gala has an integrated store which makes it way easier for players to play and earn or buy and sell in-game items over its built-in marketplace.
- It is built on the Binance Smart Chain and is a BEP-20 asset. This brings down the transaction fees while spending GALA tokens.
- Gala has a massive community that decides which games to list and govern the performance of the platform. It has a whopping 1.3 million-plus monthly users.
- GALA Price History
GALA’s price has been bullish for the long term as the token rose to an all-time high above $0.8. Since its inception in 2019, the token achieved a value of $0.0015 in Sept 2020. Following this price level, the token fell as low as $0.0002 and rebounded to reach a price of $0.003.
Following the start of 2021, the token reached a price of $0.03 by March, following down to $0.0078. However, the token again turned bullish and reclaimed $0.04 by Sept 2021.
The GALA price forecast presented by several websites is mainly bullish, and it seems that soon, we will see the average price of the GALA token above $1.
Gala Technical Analysis
Gala has been on a downward trend this month. On 13th May the price moved to oversold territory, this was followed by high trading volumes which pushed the price up to $0.09763. The prices have been stagnant since with no signs of reversal. The MACD strategy shows decreased price momentum with the MACD and signal lines touching at ‘0’. Williams alligator trendlines are in sleeping mode indicating low price volatility. At this position price action might break out in either direction.
Gala Price Predictions 2022 – 2030
According to Walletinvestor Gala historical index has a score of a ‘C’ but is an awesome investment to make long term. Their ai analyst suggests Gala will shoot by a whopping 339.6% by May 2023 the gains will then double into 2024 at 625.8%. Day trading in bull markets will be profitable for Gala day traders. Gala will continue performing in 2025 with an ROI of 911%. In 2027 ROI will reach 1477.5% outperforming many financial indexes. Gala forecast short term is bearish with May predicted to close at an average price of $0.039 from $0.09.
Trading beasts use historical data to forecast coin prices using polynomial and linear regressions. Gala cryptocurrency price in the second half of 2022 will be bearish with the price falling from $0.1417 to $0.1389 in December. The trend will continue until August 2023 when the Gala market will start recovering with the average price in December reaching $0.1528. In 2024, the Gala cryptocurrency will rise at a slow pace with every month trading higher than the last. The average price will range between $0.159 and $0.195. From the predictions, the Gala would not make a good buy this year.
DIgitalcoinprice Gala price predictions are bullish for the entire period, 2022 -2030. The average price for 2022 is $0.12 and in 2030 for $0.48. Gala price movement has been a bearish year to date, according to digital coin price, Gala will rise in the second half of 2022 trading between $0.12 and $0.13. Gala set its all-time high at $0.8387 on 26th November 2021 meaning it will take Gala over 10 years to get back to its former glory unless they make a major development on its ecosystem. Trading Gala is not a good buy for day traders with an appetite for high volatility. Digitalcoin Price recommends users do more research before buying Gala.
Gala Price Prediction 2022
Gala coin price prediction for 2022 is $0.085. Gala recently went up by 65% after a drop that saw it reach $0.07. Crypto analysts agree Gala will experience slow growth this year. Coupled with our Gala technical analysis, the coin will trade between an average value of $0.096 and $0.081.
Gala Price Prediction 2023
Gala coin price prediction for 2023 is $0.13. Play-to-earn and move-to-earn games are gaining popularity and in 2023 they will grow mainstream. Higher adoption will help push prices higher due to decreasing supply. Gala will trade between $0.15 and $0.13.
Gala Price Prediction 2024
Gala coin price prediction for 2024 is $0.19. New collaborations will see the gala catalogue grow with many games and its non-fungible tokens (NFTs) marketplace will expand as a result. Gala sold its most expensive NFT at $3M and this shows how much potential there is in the gaming with NFTs industry. Gala will reach a maximum price of $0.22 during this period.
Gala Price Prediction 2025
Gala coin price prediction for 2025 is $0.27. Gala will rise by 50% in 2025 from 2024. Gala has plans to launch its blockchain which should be in operation by 2025. A dedicated blockchain will improve the ecosystem’s efficiency by lowering costs and enabling fast settlements. The price is expected to sell between $0.27 and $0.32.
Gala Price Prediction 2026
Gala coin price prediction for 2026 is $0.40. The growth of esports and blockchain gaming is on track to transition into the metaverse. Projects like Decentraland are already exploring this space. Gala is set to catch up as it seeks to provide more entertainment for its users. In 2026 Gala will trade between $0.46 and $0.39.
Gala Price Prediction 2027
Gala coin price prediction for 2027 is 0.61$. Blockchain technology is revolutionizing how open source platforms are run and governed. Cornerstone industries will dare change the way they engage their users to align with the emerging blockchain and NFT trend. This will result in more game developers using the Gala blockchain. Gala prices will range between $0.69 and $0.59.
Gala Price Prediction 2028
Gala token price prediction for 2028 is $0.85. According to our Gala forecast and technical analysis, the Gala will rise by 50% from 2027. The continuous growth might however be limited to any crypto market crashes, regulations or bugs on the Gala blockchain. Any major news might result in the crash of Gala considering high speculation in the cryptocurrency market. Gala will trade between $1.04 and $0.83.
Gala Price Prediction 2029
Gala token price prediction for 2029 is $1.25. In 2029 Gala will soar, setting a new all-time high of $1.43. The growth will see Gala set new support levels at $1.20. Any major developments in the ecosystem before 2029 could see Gala attain a new high earlier. In 2029 Gala will trade between a minimum price of $1.25 and a maximum price of $1.43.
Gala Price Prediction 2030
Gala token price prediction for 2030 is $1.87. In 2030 Gala is forecast to break its resistance level and break out to as high as $2.18. For most of the period, the Gala will trade in bull markets making it a good buy for day traders. The Gala will reach a minimum level of $1.87.
Gala Price Predictions by Industry Influencers
I wouldn’t be doing this if I didn’t think this was the next phase of the internet. Everything that touches ownership is going to be affected by what’s happening here. Art and music and everything that has a digital life is going to be touched by this. Anything that you thought was digital that you thought you owned but didn’t really own — that’s what’s about to be revolutionized.
Erick Schiemeyer, CEO Gala games and cofounder, Zynga
Gala Games is by all means decentralized. The gaming industry is owned and governed by the community with NFTs enabling real ownership of assets in the ecosystem. This by itself is revolutionary.
Their blockchain is in the later stages of development, and will drastically reduce network fees and solve many problems surrounding Ethereum that could otherwise inhibit long-term growth.
During its launching, GALA saw the price of its utility token soar 50,829% — surpassing other high-profile metaverse projects including Axie Infinity, The Sandbox, and Decentraland. Despite last year’s pump this project still has room to grow. Hopefully, the community can push forward more development plans.
According to the Gala forecast, Gala token growth will be rather slow this year before picking up pace in 2023. The Gala coin is a good investment to make. You should however conduct your own research before buying Gala on cryptocurrency exchanges.