- Gala (GALA) price prediction ranges from $0.01639 to $0.05882
- Analysis suggests that the GALA price might reach above $0.1 soon.
- The GALA bearish market price prediction for 2023 is $0.01549
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 2023, 2024, 2025, and 2030 – keep reading!
Gala (GALA) Market Overview
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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
At the time of writing, Gala token (GALA) was ranked 126 by market cap on CoinMarketCap, with a value of $271,207,046. This means there are currently 6,977,205,436 GALA coins in circulation. The 24-hour trading volume for GALA is $113,666,341, an increase of 11.76% from the previous day. However, Gala (GALA) has lost 1.20% of its value over the past 24 hours.
Binance, Kucoin, Coinbase, Gate.io, and Huobi Global are now the best locations to buy and trade GALA.
Gala (GALA) Price Analysis 2023
Will 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 the price of an asset is displayed between two bands representing its volatility, the Keltner Channel may be used to discover a trend. The GALA/USDT Keltner Channel indications may be used to predict the future trend of the GALA price. Since GALA’s price has been decreasing from the first half of the Keltner Channel into the exponential moving average, there’s a probability of the prices moving to either side.
The Keltner channel is placed parallel to the horizontal, hence we could expect the GALA to consolidate in the future.
When paying close attention to the chart, we could see that the ellipticals show how GALA tested the Upper band a few times before its trend reversed and it touched the lower band. Likewise, GALA tested the lower band and thereafter its trend reversed.
Investors who want to maximize gains with minimal risk should wait for many candlesticks to form before acting.
Gala (GALA) Price Analysis – Relative Strength Index
The 1-day chart shows an RSI value of 51.98. Currently, as the RSI value is above 50, it suggests that more buyers are loading GALA than selling it. When considering the highlighted portion in the chart we could see that when GALA was making higher highs when the RSI was registering lower highs simultaneously.
Notably, when the token and RSI do not make higher highs or lower lows simultaneously, then the trend is not strong and we could expect a trend reversal. As such, we could see that GALA went through a trend reversal shortly after the highlighted region.
Currently, GALA is making lower lows, hence, we could expect it to decrease further or if the bulls give GALA some hope, then we could some consolidation. However, investors can consider a few confirmation candlesticks and patterns for a better risk-to-reward ratio before buying or joining the trade.
Gala (GALA) Price Analysis – Moving Average
The 1-day chart above shows 200-day and 50-day Moving Averages (MA). At the time of writing, the chart above shows that GALA is now trading below the 50-day moving average and above the 200-day MA. Although there was a Golden Cross GALA didn’t respond positively to it, as such, there wasn’t a sudden spike in prices as expected from a Golden Cross. In fact, the GALA started decreasing in price.
Currently, it is seeking support from the 200-day MA, if the buyers will be able to engulf 200-day MA, then GALA could rebound. In the event that GALA rebounds, it could break the 50-day MA and fluctuate above it.
Gala (GALA) Price Prediction 2023
From the chart above, we can observe that the price of Gala Token (GALA) has been fluctuating taking the form of an inverted cup and handle. Currently, GALA is heading towards Support 1 at $0.03060 which may provide support for the token. If it does provide support for the token, then it could rebound off it and head toward Resistance 1 at $0.06024.
However, if the bulls are strong enough GALA need not test Support 1 but could straight away head to Resistance 1. With more momentum from the bulls, GALA will have the potential to reach $0.09190 by the end of 2023.
Contrastingly, if the bears are to take over the market, then GALA could resort to the help of Support 2 at $0.01549. In the event that Support 2 is not able to hold GALA, then it would fall to an unprecedented low.
Gala (GALA) Price Prediction – Resistance and Support Levels
At press time, GALA is trading at $0.039123 with a 24-hour increment of 0.46%. When closely considering the chart above, we could find see that GALA took a steep fall in March 2022. GALA lost almost 83% of its value within a brief period of time.
Since that great fall, GALA has been struggling to get going. It has been fluctuating between Support 1 and Resistance 1. Although on numerous occasions, GALA tested Resistance 1 and Support 1 both these at either end of the spectrum proved too hard to be broken.
Gala Token (GALA) Price Prediction 2024
There will be Bitcoin halving in 2024. Hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect GALA to trade at a price not below $0.19227 by the end of 2024.
Gala Token (GALA) Price Prediction 2025
We should expect GALA to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving of the previous year. Hence, GALA could end 2025 by trading at around $0.26577
Gala Token (GALA) Price Prediction 2026
Since the maximum supply of GALA has already been accumulated, it is possible that the bearish market that follows a strong bullish run will have little impact on its previous price due to the entrance of more institutional investors to its platform. With this, the price of GALA could break the normal trend and trade at $0.40152 by the end of 2026.
Gala Token (GALA) Price Prediction 2027
Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of GALA could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Hence, GALA could trade at $0.58380 by the end of 2027.
Gala Token (GALA) Price Prediction 2028
In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain a higher high value. Gala Token (GALA) could hit $0.78104 by the end of 2028
Gala Token (GALA) Price Prediction 2029
By 2029, there could be a lot of stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of GALA to $1.15275 by the end of 2029.
Gala Token (GALA) Price Prediction 2030
The cryptocurrency market experiences high stability as a result of the hodling activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of GALA Token (GALA) to trade at around $1.84661 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the previous years.
Gala Token (GALA) Price Prediction 2040
According to our long-term GALA price estimate, the token prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $2.64825 by 2040. If the market becomes bullish, the price of GALA may increase beyond our 2040 forecast.
Gala Token (GALA) Price Prediction 2050
According to our GALA forecast, the average price of GALA in 2050 might be above $3.45915. If more investors are drawn to GALA between these years, the price of GALA in 2050 could be far higher than our projection.
Conclusion
As said above, GALA might reach $0.06024 in 2023 and $1.84661 by 2030 if investors have decided that GALA Token (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 2023. 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 $0.19227 by 2024.
GALA price is expected to reach $0.26577 by 2025.
GALA price is expected to reach $0.40152 by 2026.
GALA price is expected to reach $0.58380 by 2027.
GALA price is expected to reach $0.78104 by 2028.
GALA price is expected to reach $1.15275 by 2029.
GALA price is expected to reach $1.84661 by 2030.
GALA price is expected to reach $2.64825 by 2040.
GALA price is expected to reach $3.45915 by 2050.
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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