Gala is a gaming platform based on blockchain. Eric Schiermeyer is the cofounder of Gala games, along with another famous mobile game firm called Zynga. Gala Games strives to transform the direction players recognize the gaming industry based on blockchains. The rise of altcoin appeared after GALA registered on Binance. Still, the more convincing debate would be about play-to-earn gaming as one of the most exciting trends currently in the crypto category. The distinctive characters of such games qualify players to cultivate income rather than waste money to serve as a community component.
Gala is quite similar to a Steam store, as it comprises a diversity of games for users to play on their platform. It is entirely free to play, unlike GOG.com, a digital diffusion platform that provides a selection of games that players can only own through buying. It empowers players to play the games without getting charged for them, and users can possess all the items in the game, unlike other games.
Fundamental Analysis of The Gala Coin (GALA)
Gala has many unique qualities that make it stand out from other similar blockchain-based gaming platforms used for playing and earning purposes. Gala also has a fully merged store to make a play and earn or purchase process easy for players. The store has all the relevant items already incorporated into its built-in market space. GALA, being a BEP-20 asset assembled on the Binance Smart Chain, breaks the spell on the high transaction fees while consuming GALA tokens.
Gala has a vast community that has the right to decide the selection of games to be listed and govern the platform’s performance. It has a high number of more than 1.3 million monthly users. Gala games enable projects based on blockchain gaming, permitting users to exercise their NFT characters while playing games. These details made it manageable for GALA to formulate substantial boosts after getting listed on the Binance exchange. It received a surge of about 265% after a tweet from Binance.
Gala has a unique approach to blockchain-based gaming compared to the recent buying in-game items. There is an aggregate of 5 games on the platform, i.e., Mirandus, Spider, Tank, Town Star, Fortified, Echoes of Empire. These games are primarily NFT or metaverse-themed, where users have to use NFT to finish the game or develop something. Players will also get an NFT store containing secured assets used in games distributed in these six classes, named Common, Uncommon, Rare, Epic, Legendary, and Ancient.
The utility token of Gala Games is called GALA and is the fundamental asset consumed for gaming and buying the products while gaming in the Gala Ecosystem. The pass is an indispensable part of Gala Games, which users can obtain in the Gala ecosystem through a Gala Node. Gala players also need authorization to earn prizes and use NFT from their personal computers to drive a node. But the drawback with that license is its costs equal to $13,000 in ETH or GALA. In addition to this, the number of nodes that can participate in the process is also limited to 50,000.
Details of The Price and Shares of Gala Coin (GALA)
- The GALA Price at the time of writing is $0.4285.
- Market Dominance: 0.14%
- Market Rank: #49
- Market Cap: $3 billion
- Fully Diluted Market Cap: $15 billion
Price Analysis of The Gala Coin (GALA)
The price of the gala games token has shown bullish trends for the long term as the token has risen above $0.8, an all-time high. After one year of its creation (in 2019), the token had achieved a higher worth of $0.0015 in Sept 2020. After this price level, the pass takedown was as deep as $0.0002 but rallied to retain a price of $0.003. By the start of 2021, the token had an extreme jump in the cost of $0.03 in March and then again came down to $0.0078. Regardless, the token again whirled with a bullish trend and restored $0.04 by September 2021. It was also listed on Binance on the thirteenth of the same month and has shown an uptrend.
The market capitalization of the GALA token is $4.3 billion presently, with a supply cap of about 35 billion GALA and a circulating supply of nearly 7 billion GALA. The current price is more than $0.6. The specialized calculation of the GALA token indicates that the price is still bullish in the long term.
Currently, GALA’s price has proceeded above the 50-day and 100-day prices and is in the upper end of the Bollinger Bands. As the trading volume for the token has reduced, we can foresee lower prices, but only in the short term.
Market Price Predictions for The Gala Coin (GALA)
The GALA price prediction demonstrated by various websites is generally bullish, and it looks like we may glimpse the average price of the GALA token above $1 in the coming year.
According to the WalletInvestor, the forthcoming price of the GALA token is mainly bullish. At the end of 2022, they predict the average cost of GALA to be about $0.987. The long-term potential is +129.62%. Price in the next five years concerning the price prediction by WalletInvestor would be $2.12. The expected revenue is +393.03% with a five-year investment, which means your current $100 investment might be equal to $493.03 in 2026, making GALA a tremendous asset due to an enormous surge in the market cap, along with the cryptocurrency market taking a bullish turn.
According to DigitalCoinPrice, their predictions indicate a bullish future for GALA. They expect the token price 2021 at $0.9526 and $1.09 by 2022. By the end of 2023, they expect the price to reach $1.28 and $1.6 by 2024. As investors buy GALA and the tokens boost in popularity, a price of $2.23 might be there in 2026 and $2.86 in 2028.
Crypto Academy Gala Coin (GALA) Price Prediction
Due to the incredible fundamentals of this project, we at Crypto Academy predict that the price of GALA can increase in the coming years at large rates. With the importance of metaverse-related projects increasing every day, Gala could become one of the most important assets of the future.
The Gala Coin (GALA) Price Prediction 2022
It seems to be an intelligent decision if you are thinking of keeping your Gala coin for the upcoming few years. We have detected some elevated prices in the succeeding years, and it could probably convey excellent profits to the investors globally. Whoever invests in this coin can hope for progress, but if someone wants to hold the currency for a long time, the risk also stays due to the volatile nature of cryptocurrency. According to our estimation considering previous records, the price could hit around $1.20 by the end of 2022.
The Gala Coin (GALA) Price Prediction 2023
After researching price predictions, the investors assume that the price may improve and deliver relatively taller income to the traders. The current year looks like the most suitable time to capitalize the Gala coin as right now, due to a widespread assumption that presently it has a minimum price compared to the future and would be more successful than rivals in coming years. Our analysis says that the cost would be around $1.50 by the end of 2023.
The Gala Coin (GALA) Price Prediction 2024
The gala coin could be bestowing a high return in 2024 if the merchants compile the motivation to carry it a little longer, as we anticipate the price to reach approximately $2.40. As per our research, most experts aspire that the currency can receive additional uptrends in the upcoming years.
The Gala Coin (GALA) Price Prediction 2025
We believe that Gala’s price would surpass $3 at the end of 2025. The price can increase multiple times throughout more coalitions and inventions in the prevailing blockchain.
The Gala Coin (GALA) Price Prediction 2026
In 2026, we expect the price to reach $5 on average and a maximum of $5.20. Under adverse situations, its minimum price at the end of 2026 might be $4.60.
Hence, GALA is a wonderful opportunity as an investment with a decent return ratio and an exciting collection of gaming in blockchain technology.
How to Buy Gala Coins?
Given is a step-by-step guide to buying gala coins:
Step 1: Register on Fiat-to-Crypto Exchange
First of all, you need to buy one of the prominent cryptocurrencies, such as Bitcoin (BTC). For this purpose, you can use one of the two most extensively used fiat-to-crypto exchanges, i.e., Uphold.com and Coinbase. Both these exchanges have different policies and other features that you can go through from their official website. So it would help if you tried both of them to find the one more suitable for you. Get registered and verified on these platforms.
Step 2: Buy BTC with fiat money
After registration, the platform will invite you to select a payment method, i.e., bank account, credit card, or debit card. Now deposit fiat money (e.g., USD, CAD, or GBP) into your exchange account through a bank account or debit/ credit card. You can instantly purchase cards with higher fees or cheaper and slower bank transfers. It also depends on our country as some countries still offer fast deposits with lesser costs.
Now click on the ‘Trade’ button at the top left corner of the screen and select Bitcoin before confirming your transaction.
Step 3: Transfer BTC to an Altcoin Exchange.
Now we need to transfer our BTC to any exchange that supports the trade of GALA. As GALA is an altcoin, we will use Binance for exchanging it with bitcoins.
Binance is a famous and reliable exchange to swap altcoins, and it offers trade of a vast number of altcoins pairs.
Step 4: Deposit BTC to exchange.
Once you have registered on Binance, you will have access to your exchange wallet, where you have to deposit BTC from Coinbase. To do this, copy the wallet address and go back to the Portfolio page of Coinbase after selecting Bitcoin and pressing the ‘Send’ button. You would get a confirmation email spontaneously. Click on the link in that email. Now go to Binance again and direct to your exchange wallets. When your Bitcoins arrive, you will receive another notification from Binance for confirmation. Now you are prepared to buy GALA.
Step 5: Buy GALA.
Open Binance and head towards ‘Exchange.’ Select Gala/BTC pair for trade and fill other requirements. After that, choose the “Market” tab there. Now type the amount you want to buy and click “Buy GALA.”
Frequently Asked Questions (FAQs)
Will GALA ever hit 1?
According to our price analysis of the GALA token, it could reach $1 in 2023. But it is not possible in the current year.
Will GALA increase?
According to our estimation, GALA may go on with volatility, and it may easily increase at large rates in the future due to the importance that this project has in the market..
Where Can You Buy Gala Games (GALA)?
Currently, you can buy GALA directly at Sushiswap, Gate.io, Uniswap V3, KuCoin, Bitrue.
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- Gala is a gaming platform based on blockchain.
- Gala comprises a diversity of games for users to play on their platform.
- The price could hit around $0.8 by the end of 2022.
- It may reach $1 in 2023.
- Gala’s price would surpass $1.7 at the end of 2025.
- In 2026, we predict the price to reach $3 on average.
- You can buy GALA from Sushiswap, Gate.io, Uniswap V3, KuCoin, Bitrue.