- Gala (GALA) price prediction ranges from $0.023230 to $0.08880.
- Analysis suggests that the GALA price might reach above $1 soon.
- The GALA bearish market price prediction for 2022 is $0.16291.
Apart from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and gain experience with new cryptocurrencies. Gala (GALA) is one of them.
The Gala Games ecosystem’s digital utility token is the GALA token. The Gala Games token is cryptographically secure and is local to the Gala Games ecosystem. GALA can be exchanged between users peer-to-peer, and they have complete freedom over how they use it. As a result, the GALA token powers the Gala Games ecosystem.
If you are interested in the future of GALA and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030 – keep reading!
What is Gala (GALA)?
Gala Games’ objective is to create “blockchain games that people will want to play.” The project aims to fix the problem of players spending hundreds of dollars on in-game assets and countless hours playing the game, only to have them taken away with the click of a button. It intends to bring creative thinking into games by providing users authority over the games and in-game assets via blockchain technology.
Non-fungible tokens (NFTs) allow players to influence game governance inside the Gala Games ecosystem. The Founder’s Nodes voting method will enable gamers to determine which games Gala should develop and sponsor. Gala Games uses GALA – its own utility token – in addition to purchasing NFTs for certain games. Gala Games has thus far published one playable game, Town Star, and an NFT collection series, VOX. It intends to produce different games in the future, including a fantasy RPG, a sci-fi strategy game, and a tower defense game.
Gala Games is not a single game but a collection of distinct blockchain games that put fun first and blockchain second. Town Star, the only currently playable game, is a browser-based town simulator. Players administer a town the same way that SimCity does, except in Town Star, they own the town.
Gala Nodes run on Gala networks. They receive GALA, special edition NFTs, and other incentives. Founder Nodes are PoW based on 50,000 fully-owned NFTs. Early network supporters will receive NFTs from all games and GALA allocated to their node license. PoS is “rented” smart contract nodes that function for certain games. Proof-of-Storage nodes are free and will allow games to be hosted on the node ecosystem.
The GALA token is based on the Ethereum and the Binance Smart Chain (BSC) blockchain. The network is protected by its own set of nodes known as the Founder’s Nodes. Gala Games limits the number of Founder’s Nodes that can validate in-game transactions and safeguard the network to 50,000.
Nodes can vote on which games are available on the Gala Games platform. You can run a node on your computer by acquiring and installing an account. A point system is used to reward node operators with GALA. Running a node for six hours in a cycle earns one point, while referrals for at least six hours earn 0.1 points. When the GALA is distributed, all the points are tallied up, and the GALA is divided.
Gala (GALA) Current Market Status
Gala (GALA) sits at 111th place in market capitalization, according to CoinMarketCap. GALA has 6,977,205,436 GALA in circulation. GALA has a 24-hour trading volume of $73,827,212.79, with a 13.48% decrease. In the past 24 hours, the GALA price has decreased by 0.90%.
Gala (GALA) Price Analysis 2022
Will Gala (GALA)’s most recent improvements, additions, and modifications help the GALA price rise? First, let’s focus on the charts in this article’s GALA price forecast.
Gala (GALA) Price Analysis – Keltner Channel
When volatility bands are positioned on either side of an asset’s price, it is possible to determine a trend with the help of the Keltner Channel. The Gala (GALA) price can be predicted using the Keltner Channel indications for GALA/USDT. The price is in the second half of the channel, meaning people are selling GALA rather than buying. For a better risk-free scenario, we should wait for a downturn or a better entry point to improve the reward-to-risk ratio.
Gala (GALA) Price Analysis – Relative Strength Index
The value of the 1-Day chart is 40.96. The RSI tends to remain above 30 and is likely to reach 70 during an uptrend. However, for a better risk-to-reward ratio, investors should consider a few confirmation candlesticks and patterns before investing or entering the trade.
Gala (GALA) Price Analysis – Moving Average
Above is a 1-Day Gala (GALA) 200-day and 50-day Moving Averages (MAs) chart. The chart above shows GALA has traded below the 200-day moving average and 50-day moving average.
However, the distance between the two moving averages is wide, so GALA has a chance of staying in the crypto winter for quite some time. But if there is a case that GALA will cross over the 50-day moving average and trade higher, investors should start hodling GALA from that level with a proper risk management system.
Gala (GALA) Price Prediction 2022
Looking at the daily chart of GALA/USDT, the GALA price has been swinging from $0.07285 to $0.03940 within the past nine months. GALA broke out of the triangle and is now making a few reversals and trying to gain bullish momentum.
Meanwhile, our long-term GALA price prediction for 2022 is bullish if it cannot break the support level. We can expect GALA to reach $0.08880 this year.
Gala (GALA) Price Prediction – Resistance and Support Levels
The chart above shows that the price of GALA has decreased in the past few months. It might be breaking its $0.04326 support by 1 level and dropping it to $0.02320.
If GALA cannot break the $0.07040 resistance level, the bears may seize control and dethrone GALA into a downtrend. In simple terms, the price of GALA might fall to almost $0.02320, indicating a negative signal from the previous support level.
Gala (GALA) Price Prediction 2023
Gala (GALA) could end the year 2022 with a relative strength index (RSI) value of more than 70. This shows that the trend is solid and bullish and will trade above $0.22644 by 2022. Hence, we could expect the price of GALA to surge to at least $12.839 by the end of 2023.
Gala (GALA) Price Prediction 2024
The Bitcoin supply will be halved in 2024, and thus we should anticipate a favorable market trend due to user sentiment and investors’ desire to amass more of the coin. Since the movement of Bitcoin affects the way other cryptocurrencies trade, we could expect GALA to be worth at least $0.22644 by the end of 2024.
Gala (GALA) Price Prediction 2025
We should expect the price of GALA to trade above its price in 2024 because most cryptocurrencies may be able to break through psychological barriers after Bitcoin’s price halving in 2024. So, by the end of 2025, GALA could be worth around $0.53418.
Gala (GALA) Price Prediction 2026
Since the maximum amount of GALA will be reached by 2026, the bearish market that follows a solid bullish run affects its previous price as more institutional investors join its platform. If this happens, the price of GALA could go against the usual trend and be worth $0.66952 by the end of 2026.
Gala (GALA) Price Prediction 2027
Due to Bitcoin’s halving, investors expect a bullish run in 2028. So, the price of GALA could build on its recent gains and even break through more psychological barriers if investors feel good. So, by the end of 2027, GALA could be worth $0.84191, and GALA is likely to break its ATH value.
Gala (GALA) Price Prediction 2028
Bitcoin will be halved in 2028. So, a bullish run could happen before the market settles down in 2027. The price of Gala (GALA) could reach $1.06103.
Gala (GALA) Price Prediction 2029
By 2029, the prices of most cryptocurrencies could have been stable for more than a decade, and this is because they used their lessons to ensure their investors still believed in the project. Because of this effect and the price spike that happens a year after Bitcoin halves, GALA could reach $1.17543 by the end of 2029.
Gala (GALA) Price Prediction 2030
The cryptocurrency market was stable because early investors held on to their assets so they wouldn’t miss out on future price gains. By the end of 2030, the price of Gala (GALA) could be around $1.64751, despite the bearish market that followed a market boom in the early years.
Conclusion
GALA might reach $0.07040 in 2022 and $1.64751 by 2030 if investors decide that GALA is a good investment, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Gala Games’ objective is to create “blockchain games that people will want to play.” The project aims to change the fact that players can spend hundreds of dollars on in-game assets and countless hours playing the game, only to have them taken away with the click of a button. It intends to bring creative thinking into games by providing users authority over the games and in-game assets via blockchain technology.
GALA can be traded on many exchanges like other digital assets in the crypto world. Binance, BTCEX, OKX, BingX, and Bybit are currently the most popular cryptocurrency exchanges for trading GALA.
Since GALA provides investors with several opportunities to profit from their crypto holdings, it seems to be a good investment in 2022. Notably, GALA has a high possibility of surpassing its current ATH in 2027.
GALA is one of the few active crypto assets that continue to rise in value. As long as this bullish trend continues, GALA might break through $0.53418 and reach as high as $1. Of course, if the current market favoring crypto continues, it will likely happen.
GALA is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. We may also conclude that GALA is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.
The lowest GALA price is $0.000151, attained on December 20, 2020, according to CoinMarketCap.
GALA was launched in 2019.
Eric Schiermeyer co-founded GALA.
There is no data.
GALA can be stored in a cold wallet, a hot wallet, or an exchange wallet.
GALA price is expected to reach $0.22644 by 2023.
GALA price is expected to reach $0.34406 by 2024.
GALA price is expected to reach $0.53418 by 2025.
GALA price is expected to reach $0.66952 by 2026.
GALA price is expected to reach $0.84191 by 2027.
GALA price is expected to reach $1.06103 by 2028.
GALA price is expected to reach $1.17543 by 2029.
GALA price is expected to reach $1.64751 by 2030.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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