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The post GALA Price Prediction 2022 – Will It Cross The $0.5 Mark This Quarter? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
Gala Games is a virtual currency that is currently well-positioned to develop and profit from the upcoming trend in the metaverse. It is a play-to-earn gaming platform with a user-friendly integrated shop. In its shop’s built-in enterprise market, it contains all the amenities.
Besides, the big community, Gala does have the authority to choose the games that are featured. And to authorize the deployment of their NFT avatars. Giving players command of the games is the central objective of the project. The Gala Games network hosts several online role-playing games, including Town Star, Fortified, Mirandus, and others.
The platform’s aim is assisted by the use of blockchain technology and its native asset GALA. Which had portrayed euphoric price runs in 2021. If you are looking for a detailed price prediction for Gala then you have landed at the right place!
Overview
| Cryptocurrency | Gala |
| Token | GALA |
| USD Price | $0.0555 |
| Market Cap | $378,700,219 |
| Circulating Supply | 6.98 B |
| Trading Volume | $133,110,212 |
| All-Time High | $0.83 |
| All-Time Low | $0.000151 |
*The statistics are from press time.
GALA Price Prediction For 2022
| Potential Low | Average Price | Potential High |
| $0.0699 | $0.08941 | $0.1088 |
The Coin landed in the year 2022 with a price of $0.46. However, the month was not a big hit for GALA, as it triggered a downtrend. From $0.4 its price kept on plummeting to reach $0.19 by the 31st of January. In the following month, the coin touched the $0.3 mark on the 7th of February.
It began railing down again to reach $0.25 by February 20th and retained the position for the rest of the month. March was a subtle month for GALA as it continued to trade at around $0.2. The price of the token was $0.20 on the 4th of April when it began sinking.
On the 1st of May, the token was trading at $0.19, it tumbled down to reach $0.06 on the 12th of May. The cryptocurrency terminated the month with a price margin of $0.08. That said, the coin was selling at $0.07 on the 1st of June and found its way to $0.05 by the end of June.
Gala Crypto Price Prediction For Q3
The business plans to introduce GalaChain, which will virtually eliminate transaction fees throughout the Gala Games system. It will certainly multiply its user base which could account for a hike in its price to touch $0.0769. The update will also have an impact on the utility of the system.
On the flip side, if the team fails to implement the upgrade the coin may not be able to break out of its downtrend. This might shoot up its selling pressure leading to a minimum price of $0.0505. Also, the average trading price of GALA is expected to be about $0.0653.
Price Prediction Of GALA For Q4
The free gameplays and the player’s right to own all the game stuff, unlike rivals will continue to supplement the user base. This competitive edge can make it gain the maximum price of $0.1088 by the end of the quarter.
Conversely, if the bears take over the market then GALA’s price may start plummeting again. It can spiral down to reach the expected minimum price target of $0.0699. On the other hand, the token is anticipated to revolve around an average price of $0.08941.
GALA Price Forecast For 2023
The developers of Gala also tend to develop a distributed voting system. Which turns users into the ones who decide how the Gala system updates in the future. The implementation of this system will surely bring some hypes for the token which can drive its maximum price to $0.21.
On the other hand, if the update does not flow as expected this might lead to a downfall in the price of GALA. The minimum anticipated cost is $0.0925. That said, a balance in buying and selling pressures could land the price at $0.1614.
Price Prediction For GALA In The Year 2024
The concentration of investments is still majorly held by whales at 52.39%, followed by investors at 37.07%. And lastly retail investors at 10.54%. The pictorial representation justifies the investment concentration of GALA.
The team behind Gala could bring in notable collaborations and adoptions, which could further boost the investments of big-money investors. In such a case, the price of GALA could climb to a higher price tag of $0.382. However, if the crew fails in coming up with new and vibrant partnerships and updates the price can fall to $0.1877.
GALA Price Projection For 2025
Presently, Gala utilizes the Ethereum blockchain. Creators of Gala had made suggestions on creating a unique blockchain just for Gala games. Materializing this, gamers will then gain complete control and a quality experience pushing its price to $0.7156.
On the contrasting side, factors like a negative feedback loop and criticism could slash its price down to $0.3303. With that said, an equilibrium in buying and selling pressures could land the price at $0.514.
| Year | Potential Low | Potential High |
| 2023 | $0.0925 | $0.21 |
| 2024 | $0.1877 | $0.382 |
| 2025 | $0.3303 | $0.7156 |
What Does The Market Say?
Wallet Investor
As per Wallet Investor’s GALA coin price prediction. The altcoin is expected to surge to a maximum of $0.287 by the end of 2022. Successively, the maximum closing targets for 2023 and 2025 are set at $0.448 and $0.75.
Trading Beasts
Trading Beasts forecasts Gala’s price to propel to its potential high of $0.0956, by the end of the current year. Whilst a reversal in trends could sink the price to lows of $0.065. That said, an equilibrium in buying and selling pressures could leave the price stranded at $0.0765. The firm foresees the altcoin to soar to its maximum of $0.1324 by the end of 2023. And $0.1754 by the end of 2025.
Digital Coin Price
According to the prediction of Digital Coin Price, GALA’s price could hit a pricier tag of $0.0779 by the end of 2022. The analysts from the firm have pinned the minimum and average targets for the year at $0.068 and $0.0726. The forecast also hosts the predictions for the long term. Accordingly, GALA is anticipated to surge to a maximum of $0.12 by the end of 2025.
PricePrediction.net
The website foresees GALA to possibly claim a pricier cost of $0.096 by the annual closure of 2022. The company has set the minimum and average targets for the year at $0.081 and $0.085. Consequently, GALA’s price is anticipated to propel as high as $0.32 by the end of 2025.
Click here to read our price prediction of Stellar (XLM)!
What Is GALA?
Gala is a blockchain-based play-to-earn (P2E) network. Gala intends to create a decentralized gaming platform where every in-game asset is owned by gamers. The system enables an NFT marketplace and a platform for NFT games (Gala Games) (Gala Store).
Consumers can engage in network consensus and administration, trade NFTs, and play online. Furthermore, The native utility coin of the Gala network is called GALA. It is an ERC-20 token that can be also used on the Binance Smart Chain as a BEP-20 token (BSC).
Participants of the Gala can utilize NFTs to direct their activities and vote on new releases. GALA coins can be used to purchase a variety of NFTs and in-game products from the legitimate Gala Store. By playing Gala games, players can gain GALA coins.
Fundamental Analysis
Gala Games was founded by Eric Schiermeyer, who also founded the gameplay Farmville. Its goal was to offer gamers who play video games authority over their effort and cash. Gala is a decentralized cryptocurrency with a play-to-earn concept.
In the past, players spent way too much time acquiring virtual currency that was only useful during the gameplay itself. However, this program enables in-game achievements, currency upgrades, and tokens. Its goal is to create blockchain games that players can adore.
On the other hand, its system’s community-driven nature, where gamers have a say in its evolution and future, is yet another benefit. Additionally, users can purchase NFTs from the game’s shop and employ those products. The creators of these games are well-known in the crypto and playing communities, and this coin has indeed formed some wonderful alliances.
Our Price Prediction For Gala
As per the formulated price prediction of our expert panel, GALA’s price could hit a potential high of $0.1. If the project seeks assistance from developments and collaborations. In contrast, factors like a prolonged bear run could spiral the price down to $0.07.
Historical Price Analysis
2020
- The GALA token suffered during this year to move past its initial price after being official on September 18, 2020, at a value of $0.0014.
- The cryptocurrency depreciated to its all-time low of $0.0001 on December 28, 2020.
2021
- Early last year, GALA was able to reverse the bearish trend, and by February 27th 2021, the coin’s price peaked at $0.032.
- Price growth persisted the next month, reaching $0.033 on 10 March.
- The GALA cost began to decline over the ensuing months, and by 22 June, this has dropped to $0.006.
- After ranging sideways until, the mid of November, GALA’s price shot up to $0.847 by the 26th of November.
- However, a downswing led to the annual closure at $0.474.
To read our price prediction of ApeCoin (APE) click here!
FAQs
A: The evolution of Gala Tokens could be sluggish in the short term. If you want to make a long-term bet, the Gala cryptocurrency is an ideal choice.
A: The Project brings in an all-new way to play and earn assets for a nominal fee. With strong fundamentals, the price of GALA should surge higher.
A: According to our Gala price prediction for 2022, the altcoin could propel to a maximum of $0.1088. While the minimum and average targets could occur at $0.0699 and $0.08941.
A: As per our GALA price prediction for 2025, the digital token could rise as high as $0.7156.
A: Gala is available for trade across prominent cryptocurrency exchanges such as Binance, MEXC, OKX, Bybit, and Bitget.
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