Gala Crypto price predictions are in full bloom after the gaming crypto jumped more than 116% to start the new month. Gala has taken the crypto world by hurricane with its latest major gains. Investors everywhere are wondering if this is simply a flash in the pan or the next big metaverse player.
After hitting a low of 17.7 cents on Feb. 2nd, GALA crypto has been on a near-vertical upward trajectory, and investors are taking notice. $0.4 Gala Price Resistance Stands As A key Barrier For Bull Run.
Gala is the latest and greatest play-to-earn phenomenon that makes up the burgeoning Metaverse. This week’s jump is largely attributable to the launch of several highly anticipated games, like “Spidertanks” and “Legends Reborn.”
Here is a screenshot of Gala Price in 1 year:
Imagine if you’d buy $5000 of Gala at price of 0.005884 and sell for $0.8367!
Now here what’s going on with Gala, a quick summary.
As of 9 February, algorithm-based forecasting service Wallet Investor saw the price being $0.79 at the start of 2023 and rising to $2.7 in five years’ time.
- Wallet Investor sees Gala as an excellent buy. The site set a one-year forecast of 79.2 cents per token, an increase of more than 100% in just one year. It also set a 5-year price target of $2.66, up 717% from current value.
- Gov Capital is more bullish on the GALA cryptocurrency. The platform sets a one-year forecast of $1.12 and a five-year forecast of $9.22 per token.
- Coin Quora is also bullish on Gala. It predicts that the coin may break the $1 resistance level by the end of the year. The site is also confident in the potential of cryptocurrencies in the long run. It sets a price target of around $10 per token in 2025.
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However, the traders booking profit near $0.395 could have resulted in the current pullback in price. The sellers are pulling altcoin lower and would soon retest shared support of $0.297 and a cluster of crucial EMAs(20, 50, 100).
If you would like to know where to buy Gala, the top cryptocurrency exchanges for trading in Gala stock are currently Binance, OKX, Bitget, Mandala Exchange, and FTX. You can find others listed on our crypto exchanges page.
To learn more about this project, check out our deep dive of Gala.
Gala is a gaming and NFT platform that aims to build an ecosystem of blockchain games, which operates on both Ethereum and BSC. The platform offers various features including a platform for NFT games (Gala Games) and an NFT marketplace (Gala Store). Users are able to play games, trade NFTs, participate in network governance and consensus.
Gala Games aims to take the gaming industry in a different direction by giving players back control over their games. Gala Games mission is to make “blockchain games you’ll actually want to play.”
The project wants to change the fact that players can spend hundreds of dollars on in-game assets, and countless hours spent playing the game, which could be taken away from them with the click of a button.
It plans to reintroduce creative thinking into games by giving players control of the games and in-game assets with the help of blockchain technology.
Gala Games was founded by Eric Schiermeyer. He was the co-founder of Zynga, a popular social and mobile games company. Under Schiermeyer’s leadership, Zynga launched popular hits like Poker, Mafia Wars and Farmville.
Schiermeyer, who has a reputation for working on the cutting edge of gaming, launched Gala Games in July 2019 to create a blockchain-based game network and give players more ownership of their games.
The maximum total supply will be 35 billion GALA tokens. Currently, there is about 7 billion GALA in circulation.
17,123,286 GALA is distributed daily at approximately 0200 UTC. Half of this GALA is distributed to Founder’s Node operators, and half to the Gala Games conservatorship. Each year, on the 21st of July, the distribution of GALA will be halved. For example, beginning on July 21st of 2022, the daily distribution of GALA will be 8,561,643 instead of 17,123,286.
The GALA token serves as a utility token that is used to purchase items in the game and can be earned from running a node.
The GALA token runs on Ethereum and the Binance Smart Chain (BSC) blockchain. The network is secured by its own set of nodes called Founder’s Nodes. Gala Games specifies a maximum of 50,000 Founder’s Nodes that validate in-game transactions and secure the network.
GALA token began trading in September 2020.