GALA Price Prediction for 2023-2024-2025, $1 or $100?
GALA Price Prediction for 2023-2024-2025, $1 or $100?
The Gala token’s Current Price $0.0408 (3.359 INR)
Gala is currently showing a bullish trend and it is recommended to buy the token. The Gala keeps on skyrocketing with a 2nd high in the recent three days.
Gala Price Prediction for 2023 stands at $0.0920 (7.57 INR)
Gala Price Prediction for 2025 stands at $0.117 (9.63 INR)
Gala’s Price Prediction for 2030 stands at $0.247 (20.34 INR)
Gala Price Statistics
Gala Price: $0.0408 (3.359 INR)
Gala’s Rank: 95
Gala Market Cap: $281.03M (23.133B INR)
Gala Volume: $1.21B (99.60T INR)
Price Performance in the Previous 12 Months
- Gala Price Performance in the Previous 1 Month was +25.3%
- Gala Price Performance in the Previous 6 Months was -39.1%
- Gala’s Year to Date Price Performance is -89.9%
Gala Regular Technical Analysis
The Gala token has secured a valuation of more than $500 million in the market during the previous 24 hours. The present market capitalization of Gala is above $700 million. The token’s price is consistently elevating, leading to an overall crypto market rise.
The Gala token is trading above its 50-day as well as the 200-day moving average. In line with its technically bullish trend, it is anticipated to go up. Furthermore, an interesting indicator in Gala’s price movement would trigger a highly bullish momentum in the coming time.
The initial level of support for Gala’s price is $0.204 (16.78 INR) whereas its resistance level is $0.045 (3.70 INR). Keeping in view the present bullish movement of Gala, the token will potentially move above the respective resistance point near $0.05 (4.11 INR). The Trading volume of the Gala is placed at a prestigious place in comparison with its position in the previous 11 months. The price will further reach more high levels onward. Furthermore, the Momentum oscillator stands on the optimistic axis and indicates a bullish signal.
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Gala Price Prediction: Why Is GALA Price Moving Up?
A reason behind GALA’s price upsurge is that the platform is developing fifteen games for mobile devices. According to a new tweet posted by the company, it is presently assessing fifteen mobile games while a couple of them are its high-priority targets. The possible reasons for GALA’s upward price movement are here:
- Gala recently acquired a game studio that added 20M additional consumers along with a 100M value in revenue.
- The platform is making 2 studios for mobile games.
Gala Price Prediction: Does Gala Offer a Good Investment?
The GALA token is the local token of Gala Games (a prominent gaming platform). The token can be utilized to buy games as well as carry out in-game buyouts. Gala Games counts as the GameFi market’s part and operates on the play-to-earn model. It operates on Binance and Ethereum blockchains.
- GALA is known as a utility token built on the ERC-20 standard of the Ethereum network. The token can be utilized within the ecosystem of Gala Games for buying items, rewarding nodes, peer-to-peer payments, and so on. Gala Games possess several NFT assets to be traded with the utilization of Gala tokens.
- The token has been based on Ethereum which assists the consumers to transact GALA after having the network’s complete control.
- The token can additionally be utilized to provide rewards to the owners.
- The token has another use case dealing with purchasing items existing in the games. The GALA token can also be used in governance procedures.
- At the moment, up to 16000 diverse players are on Gala Games who fuel the whole ecosystem. To carry out some enhancements to the network, the platform has effectively collaborated with Mazer Gaming, Brave, Polygon, and Flare, along with other firms. This indicates that Gala’s ecosystem is rising comprehensively.
Gala Price Prediction: Will Gala Price Recover?
The Gala proved to be one of the largest disappointments back in 2021. The platform has been deprived of more than 95% proportion of the value thereof during 2022. In this way, it occupied a place among the worst-performing crypto tokens. Mana, Gala’s prominent competitor, has slumped by more than 90%. As its price collapsed, the number of people using Gala Games also decreased. With Federal Reserve increasing the interest rates, the price of Gala has started fading.
The plan of the Gala to discover the already popular and highly engaging games has been very beneficial for the platform. The high-engagement games naturally attract the audience, and thus, the Gala tokens’ demand will grow subsequently.
Gala Price Prediction 2023-2030
Price predictions for the long term are possibly better in comparison with a directional viewpoint however they are usually not precise in terms of forecasted numbers. Here, the compilation of the predictions made across the web is carried out. Further, it is recommended that the readers should focus on the diverse discussed aspects to better understand the future developments of the prices.
Gala Price Prediction for 2023
The Gala token will potentially start price recovery in 2023’s 2nd half with an improvement in the overall economic environment.
Gala Price Prediction for 2023 stands at $0.0920 (7.57 INR)
Gala Price Prediction for 2025
2024 as well as 2025 may offer benefits to the price of Gala and the token may witness an upsurge due to the increase in demand for the latest gaming experiences.
Gala Price Prediction for 2025 stands at $0.117 (9.63 INR)
Gala Price Prediction for 2030
From 2025 to 2030, the growth of Gala will potentially be mixed as the adoption rate will likely be higher for play-to-earn companies while the cyclical economic downfalls will impact negatively.
Gala Price Prediction for 2030 stands at $0.247 (20.34 INR)
FAQs
Will Gala Price Reach $10 Mark?
Yes, the Gala token could touch the $10 spot in the future although it is considerably difficult.
Can Gala Price Touch $100?
As reaching $10 is considerably difficult for Gala, it would be harder for the token to touch the $100 mark. A consecutive 25% annual growth for 35 years would take Gala’s price to that spot in 2057.
Will Gala Price Reach $1 Spot?
Yes, the token will touch $1 if the play-to-earn games grow till 2030. An estimated per annum growth rate of nearly 35% would be required for continuous 11 years for the price of Gala to touch $1.
Will Gala Price Go Down?
The Gala token’s utility relies majorly on Gala Games consumers. In 2022, Gala’s players swiftly declined in number, leading to a price collapse for the company. Keeping in view the market trend as well as gaming tokens’ performance witnessed in some of the previous months, the Gala price is anticipated to decrease further.
What Will Be the Value of Gala in 2025?
It is predicted that play-to-earn games will potentially grow during the coming three years thus Gala’s token will likely be benefited from that advancement. The token’s price is anticipated to grow by five times to reach $0.116 (9.53 INR) during the respective time.
