Gala Price Prediction: Recent Performance

 

Gala Price Prediction 2023 is $0.08

Will Gala reach $10? Assuming a super conservative scenario, it would take Gala 22 years to reach $10. On a more aggressive basis, Gala coin could reach $10 in the next 5 years.

Gala Price Prediction $100. Assuming a super conservative scenario, it would take Gala 35 years to reach $100.

Will Gala reach $1? It would take 11 years for Gal to reach $1


Current Price of Gala Token

Gala Price Prediction: Recent Performance

  • Last 5 days: +12.5%
  • Last 1 Month: -1.6%
  • YTD: -91.4%

Gala games Token has had a difficult year until recently. With liquidity getting squeezed, the price has fallen significantly lower. As a consequence, the potential to earn on the platform has fallen. This in turn has reduced the number of active players on the platform which has reduced demand for the Token.

With new games being tested and launched, interest in the Token has risen again pushing the price higher. Here is how trading volumes have changed over the last 7 days

  • Nov 1st: $185M
  • Oct 31st: $254M
  • Oct 30th: $741M
  • Oct 29th: $136M
  • Oct 28th:$78M
  • Oct 27th: $108M

Here is how Trading Volumes have changed over the year

  • Q1 Average: $850m
  • Q2 Average: $331m
  • Q3 Average: $216m
  • October (Q4): $112m

These drops coincide with Fed rate hikes.

Know More About Gala Games

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Is Gala Crypto a Good Investment?

Gala games is a play-to-earn NFT gaming platform. Gala Coins can be earned and spent on the blockchain games platform. One of the more popular games on Gala Games is town star, a browser-based simulation game.

Gala has also launched a native blockchain to the power ecosystem. It also highlights its decentralized governance attribution and most of the decentralized ledger tech also has governance tokens to give powers that can be used by the users. The Gala network like every blockchain needs validators. Gala sells licenses to Gala Nodes which are also called Founders Nodes. Gala Games has about 1.3 million active players every month.

Like all other cryptocurrencies recently, Gala has failed to provide a good return to investors. Most of the investors who have invested in Gala Token are at loss. As per the data by IntoTheBlock, only 11% of the Gala token investors are making a profit at a current price while 82% of the investors are at loss. However, it is very much suggested to have a Gala token in your wallet as a long-term investment. The reasons are:

  1. The Gala coin was introduced to revolutionize the gaming industry. Players could use Gala tokens and play different games for countless hours. With the gaming industry booming, it is clear that the Gala token has a future. Therefore, to make a good return on Gala investment, one must make sure that his/her investment is a long-term investment.
  2. Crypto investment is always a long game. Many investors enter the crypto market with the hope of making a quick profit and exiting the market. Due to this reason many a time, the price of cryptocurrency crashes as there is a mass sell-off. However, to make a good profit one should have a plan of sticking to the market for a longer period.
  3. Over 80% of the Gala investors have been holding Gala tokens for less than a year. It has been noticed that even with slight movement in the market, there has been a mass sell-off. The mass sell-off happens due to these sections of investors. Therefore, to make the Gala a good investment one must hold Gala tokens for a longer period.

As of now, there are about 16000 different players who are actually fuelling the entire environment of the Gala Games. In order to make some improvements on the Gala Network advancement, it has managed to partner with Flare, Polygon, Brave, Mazer Gaming, and other companies. The Ecosystem of Gala is definitely on the rise.

Will Gala reach $10? The Math

Let us do some Calculations

At $10, the market cap of Gala would be 250 times higher than Gala price in October 2022 or about $70 B. Given how various cryptocurrencies – BTC, ETH, SOL, ADA, and numerous other cryptocurrencies have risen over the last few years, it is not unusual for any Cryptocurrency to rise 250-fold in a fairly rapid way.

However, it is unrealistic to expect what happened in 2021 with most Altcoins or even with Ethereum (2017 to 2021) or Bitcoin (2010 to 2020) to happen again. Those pumps are unlikely to be repeated again given that we are unlikely to repeat the Fed-driven liquidity pump from 2008 to 2021. Therefore, it makes sense to estimate the future Gala Price with a more ‘conservative’ 30%. Now, even 30% appears to be quite high if one were to compare it with the stock market. Therefore, a super conservative estimate should not only be based on 30% but also on the assumption that 50% of the coins will be burnt.

Therefore, If Gala were to rise at the rate of 30% per annum (assuming 50% of the tokens are burnt during the period), it would take $gala 22 years or the year 2044 to reach $10.

Can GALA Reach $10? Analysis of Data

GALA has managed to reach an ATH or an All-Time-High price of $0.83 in 2021. It has since fallen but is predicted to reach $0.42 by the end of this year.

Gala’s current price ranges between 0.04 and 0.05 and has a market cap of around $300 M. If Gala were priced at $10, the market cap would be $7.1 Billion. The Play to earn market is predicted to increase by 20-fold over the next 3 years. Even if one were to assume the estimates were off by 2-3 years, Gala could be priced anywhere between $6-$10 dollars by 2027. So the answer to the question Can Gala Reach $10 is Given the explosive growth in Play to earn games, Gala can easily reach $10 in the next 4-5 years.

Another interesting way to look at Play to earn games is to look at each gaming platform as a tiny country and purchases and sales inside the game are viewed as commerce the game. When reframed this way, Game Tokens like Gala have a much brighter future than most Meme and Alt Coins.

Can Gala Coin reach $100?

If Gala $10 is a difficult effort, it would take even more effort to reach $100. In this case, we make a more conservative assumption of 25% per annum (assuming 50% burn at the end of this period). The market cap would be $700 Billion and it would take 35 years or 2057 to reach this level.

Can Gala coin reach $1?

Given the above scenarios, $1 is likely to be a walk in the park. In this case, we assume a growth estimate of about 35%. It would take 11 years for Gala Coin to reach $1

Can Gala Reach $10? Overview of Play to earn market

The Play to earn market is expected to grow to $219 billion by 2024. It is probably less than $10 B in 2021.

Search queries for the Play-to-earn market have exploded 6 fold in the last 12 months. Interestingly, traditional gaming is still 60x higher than play to earn market. The Gaming market was worth $180 B in 2021.

The future looks quite positive for Blockchain games and players like Gala Games.

Gala Price Prediction 2023, 2025, 2030 and 2040

Given the current crypto slowdown over the last 12 months, forecasts are quite pessimistic. Gaming is here to stay and Gala will be a leading player if not the number 1. So the chances of $10 are much higher than they currently appear to be.

GALA is a native token of the gaming platform Gala Games. It can be used to purchase games and make in-game purchases. Gala game is a part of the GameFi industry and functions on the Play2Earn model. Gala runs on Ethereum as well as Binance Blockchains. Here are some updates on the price. Read on for detailed analysis and prediction scenarios.

Some analysts are forecasting that Gala could rise to $0.07 in the current PUMP. Gala rose close to that level before retreating a little. Gala has announced a new partnership with Stick Figure to produce a new Film ‘ Four Down ‘

  • Gala Price Prediction 2023 is $0.08
  • Gala Price Prediction 2025 is $0.116
  • Gala Price Prediction 2030 is $0.24

When Will Gala Go Up?

Gala has turned out to be one of the biggest disappointments this year. Gala has lost almost 89% of its value this year and it is one of the worst-performing cryptocurrencies. Its major rival Mana is down around 78%.

The year has been in favor of the metaverse tokens. Almost all the metaverse tokens have lost over 60-70% of their values. But Gala has lost around 90% of its value this year.

The crash in the price of Gala started in April 2022 when the US Fed announced reducing the size of the Federal reserve’s balance sheet. In January 2022, the news of the Fed’s planned approach for reducing the size of the Federal Reserve’s balance sheet started floating. The overall crypto market started to trade negatively since then but in April this was made official.

The crypto market crashed completely and the Gala price went below $0.10. With the price crashing, the interest level or the number of Gala games users also went down. Townstar, the most popular Gala game saw a massive drop in users as well as interest level for Townstar crashed.

However, there are chances of the Gala Price going up once again but for Gala to go up again, however, for this to happen the US Fed will have to make the decision to boost the overall crypto and stock market. Added to it, Gala games need to gain back the players that it had lost since April.

Will Gala reach $5? Read here

Gala Price Prediction Today

Overall Outlook Neutral
1. Market’s Wisdom Neutral
1a. Market Data Neutral
1b. Technical Recommendation Neutral
2. Crowd’s Wisdom Partially Negative
2a. Social Media Buzz Lower
2b. Social Media Sentiment Neutral

Gala Coin Price Prediction: Some Facts About Gala Token

Gala is a play-to-earn Ethereum-based cryptocurrency that is used to power Gala games. Using the Gala token, a user can spend countless hours playing the games powered by the Gala tokens. Here are some of the facts regarding the Gala token:

  1. Gala Games was launched in the year 2018 by Eric Schiermeyer, Wright Thurston (crypto miner), and Michael McCarthy.
  2. GALA is an ERC-20 utility token developed on the Ethereum network. It is the main digital asset within the Gala Games ecosystem for purchasing items, peer-to-peer payments, rewarding nodes, and more.
  3. Gala token powers the Gala games ecosystem. Users can play a variety of games on the platform. The games are 100% free-to-play and are accessed over the blockchain through a decentralized application (DApp).
  4. The Gala token has been founded by Eric Schiermeyer (the co-founder of Zynga and gaming legend), Wright Thurston (one of the first major miners in the cryptocurrency space and holder of multiple patents on blockchain technology), and Michael McCarthy (the Creative Director behind viral gaming hits such as Farmville 2).
  5. The token was launched with the aim to target the niche gaming sectors and provide users an opportunity to play games for countless hours using the Gala token.
  6. The gala token has been built on the Ethereum network which helps the users to transfer the Gala tokens once they have full control over the network.
  7. GALA cryptocurrency can also be used as a reward to owners.
  8. GALA tokens can also be used to buy items within the games. It can also be used for upgrades and other in-game assets, and it is also used as a governance token.

Gala Coin Price Prediction: Where to Buy Gala?

GALA is gradually becoming one of the most popular cryptocurrencies. There has been a rapid rise in demand for GALA. Here are the steps to buy GALA:

  1. Finding a crypto exchange that sells GALA
  2. Create an account with the Exchange
  3. Verify your identity
  4. Fund the Wallet
  5. Make the Purchase

A few of the important exchanges offering GALA are:

    • Coinbase
    • Binance
    • Kraken
    • eToro

 

 

Will Gala Reach $10 or even $1?

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

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