Gala Price Prediction 2023-2030:Will Gala reach $10?
Current Price of Gala Token
Article Coverage: Performance in the Last 12 Months, Latest Gala News, Gala Technical Analysis Today, Is Gala a Good Investment? Gala Games analysis video, Can Gala reach $1, $10 and $100? Gala Price Prediction 2023-2030
Performance in the last 12 Months, June 9th
- Last 5 days: -12.5%, Underperformer*
- Last 1 month: -8.7%, Underperformer
- Last 6 months: +6.4%, Underperformer
- Last 1 year: -65.5%, Underperformer
*Vs Decentraland Mana, leading gaming Crypto
Gala Games Latest News, June 9th
- Gala Games is hosting a webinar on June 14th at 2pm ET about Digital Ownership and the Gaming Revolution. Users can join John Osvald, Patrick Bergman, and BitBenderBrink for an insightful discussion.
- The second playtest for the mobile-first RPG strategy game Eternal Paradox has been announced by NDream and Gala Games. The playtest will run from June 6th to June 27th which is open to Gala Games account holders.
- Gala Games have successfully upgraded the $GALA token to the new $GALA token, thanks to months of dedicated work and collaboration. The transition was seamless, and multiple audits were conducted for security. We received immense support from 54 exchanges, and $GALA is available on various platforms.
Gala Coin Price Prediction for the Next 6 Hours
Gala Coin Price for the Next few Hours will be in the range of 0.0257 and 0.0263
Gala Coin Technical Analysis, June 9th
The overall sentiment for GALA is strongly bearish, indicating a negative outlook for the market.
- The moving averages indicate a “Strong Sell” signal across all timeframes.
- The RSI value of 33.171 indicates a “Sell” signal.
- The stochastic oscillator value of 25.558 suggests a “Sell” signal.
- The stochRSI value of 16.768 indicates oversold conditions.
- The MACD value of -0.002 suggests a “Sell” signal.
- The ADX value of 30.920 indicates a “Sell” signal.
- The Williams %R value of -90.794 suggests oversold conditions.
- The CCI value of -142.9954 indicates a “Sell” signal.
- The ATR value of 0.0014 suggests lower volatility.
Thus, the overall technical analysis for GALA is Strong Sell. The Crowdwisdom360 Outlook Indicators are listed below. These are updated every 12 hours.
Gala Price Prediction Today: Outlook Summary
|Overall Outlook||Partially Bearish|
|1. Market's Wisdom||Partially Bearish|
|1a. Market Data||Neutral|
|1b. Technical Recommendation||Sell|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Steady|
|2b. Social Media Sentiment||Neutral|
Latest Gala Token Video
Gala Price Prediction 2023, 2025, 2030
Long-term price predictions are probably accurate from a directional point of view but unlikely to be precise in terms of the numbers forecasted. We compile forecasts from across the web and would strongly recommend focussing on the logic, structure, differentiation, and competition as analyzed earlier and later than the price itself.
- Gala is likely to begin recovery in the second half of 2023 as the overall economic climate improves and therefore the Gala Coin Price Prediction 2023 is $0.0576
- 2024 and 2025 may likely benefit Gala from a cyclical point of view which may also help in delivering newer gaming experiences. Therefore, the Gala Price Prediction 2025 is $0.0940
- Between 2025 and 2030, there is likely to be a mixed period with much higher adoption rates for play-to-earn platforms while also being negatively impacted by economic downturns (cyclical). Therefore, Gala Price Prediction 2030 is $0.223
Gala Token, Buy or Sell – Crowd Poll, June 7th
Overall Mood of the Crowd is just about Positive.
Gala Price Prediction: Is Gala a Good Investment?
Gala is a decentralized gaming platform built on the Ethereum Blockchain. The Gala platform offers a wide range of games designed to appeal to all types of gamers and allows users to buy, sell, or trade digital assets, including unique NFTs. The Play-to-earn market is expected to grow to $219 billion by 2024. It is probably less than $10 B in 2021. Interestingly, traditional gaming is still 60x higher than play to earn market. The Gaming market was worth $180 B in 2021.
GALA is a native token of the gaming platform Gala Games. It can be used to purchase games and make in-game purchases. Gala game is a part of the GameFi industry and functions on the Play2Earn model. Gala runs on Ethereum as well as Binance Blockchains.
- GALA is an ERC-20 utility token developed on the Ethereum network. It can be used within the Gala Games ecosystem for purchasing items, peer-to-peer payments, rewarding nodes, and more. Gala games have numerous NFT assets that can be traded using Gala Token.
- The Gala token has been built on the Ethereum network which helps the users to transfer the Gala tokens once they have full control over the network.
- GALA cryptocurrency can also be used as a reward to owners.
- GALA tokens can also be used to buy items within the games. It can also be used for upgrades and other in-game assets, and it is also used as a governance token.
Gala Games Acquisition of Ember Entertainment: Analysis
- Ember games have revenues of $7 million
- It has had more than 10 million downloads since 2012 and is in the top 1% of Android developers
- Some of its recent games have performed quite well
- Meow Match launched in 2018 has more than 1 Million downloads (Rating: 4.6)
- Aquablast launched in 2020 has more than 100k downloads (Rating: 4.71)
- Dragon Strike launched in 2019 has more than 100k downloads (Rating: 4.41)
- Dragonstone launched in 2017 and has more than 100k downloads (Rating: 4.22)
- Gala games plan to prioritize Dragon Strike and Meow match
No reliable metrics on Gala Games active players are available but here is what is publicly available
- There are an estimated 630 active players of 37000 total player count
- 797 NFTs were sold in the last 7 days with a trading volume of 117k
Gala Plans for 2023
- Currently, there are 5 live games, and 40 Titles are under development with 12 to be launched in 2023
- A total of 22 Game genres will be covered
- A new in-game premium currency called Gems is to be launched for web-2 games
- Gala Music released 32 artists so far, Music Platform will be launched on March 28th
- Gala Films has 3 films ready to stream, Film Platform is to be launched middle of the year
- Gala’s L1 Blockchain will be fully functional this year
Gala was already on our list of Best Cryptocurrencies to Invest in 2023
Performance over the year
Gala Games Token has had a difficult year until recently. With liquidity getting squeezed, the price has fallen significantly lower. As a consequence, the potential to earn on the platform has fallen. This, in turn, has reduced the number of active players on the platform which has reduced demand for the Token.
Here is how Trading Volumes have changed over the year
- Q1 Average: $850m
- Q2 Average: $331m
- Q3 Average: $216m
- Q4 Average: $105 m
- Q1 Average: $280m
While 2022 has been tough on Metaverse and Gaming Tokens, the future looks quite positive for Blockchain games and players like Gala Games. Overall, we believe Gala Crypto has a good use case.
Is Decentraland Mana Good Investment?
Smooth Love Potion Price Prediction
If you want to read the Gala Price Prediction for today (Including Technical recommendations and Social Media Sentiments), click here
Why was Gala rising?
- Acquisition of Ember Entertainment: Gala has shifted its strategy from trying to get consumers to use its tokens in its own game (Townstar) to acquiring games with existing engagement and loyalty. The strategy of acquiring high-engagement games has boosted Gala’s performance in recent days, as these games will naturally drive demand for Gala tokens, as opposed to forcing tokens into games without engagement and loyalty.
- Detailed Game Plan for the year 2023: Gala released a detailed game plan for 2023 (detailed earlier) with an emphasis on platforms that will drive the usage of Gala Tokens substantially.
- Market Level Pump: Not just Gala, all Tokens have pumped over the last few weeks post the Fed’s report that Inflation had fallen below 7%. Gaming Tokens had been most negatively influenced by Fed Policies after inflation breached 6%
Will Gala Go Up or Will Gala Recover?
2022 wasn’t a great year for Gala Token. Its price fell by more than 87% in one year, given that it was priced at $0.32 in January 2022. However, 2023 saw three major pumps on the back of favorable announcements by Gala.
There is also the possibility that the economic environment will improve over the next few months which should also give Gala a big push.
Will Gala reach $10? The Math
Let us do some Calculations
At $10, the market cap of Gala would be 250 times higher than Gala’s price in October 2022 or about $70 B. Given how various cryptocurrencies – BTC, ETH, SOL, ADA, and numerous other cryptocurrencies have risen over the last few years, it is not unusual for any Cryptocurrency to rise 250-fold in a fairly rapid way.
However, it is unrealistic to expect what happened in 2021 with most Altcoins or even with Ethereum (2017 to 2021) or Bitcoin (2010 to 2020) to happen again. Those pumps are unlikely to be repeated given that we are unlikely to repeat the Fed-driven liquidity pump from 2008 to 2021. Therefore, it makes sense to estimate the future Gala Price with a more ‘conservative’ 30%. Now, even 30% appears to be quite high if one were to compare it with the stock market. Therefore, a super conservative estimate should not only be based on 30% but also on the assumption that 50% of the coins will be burnt.
Therefore, If Gala were to rise at the rate of 30% per annum (assuming 50% of the tokens are burnt during the period), it would take $gala 22 years or the year 2044 to reach $10.
Can GALA Reach $10? Analysis of Data
GALA has managed to reach an ATH or an All-Time-High price of $0.83 in 2021. Gala’s current price ranges between 0.04 and 0.05 and has a market cap of around $350 M. If Gala were priced at $10, the market cap would be $7.1 Billion. The Play to earn market is predicted to increase by 20-fold over the next 3 years.
TGala could be priced anywhere between $6-10 dollars by 2027-30. So the answer to the question Can Gala Reach $10 is that given the explosive growth in Play to earn games, Gala can easily reach $10 in the next 4-5 years.
Another interesting way to look at Play to earn games is to look at each gaming platform as a tiny country and purchases and sales inside the game are viewed as commerce the game. When reframed this way, Game Tokens like Gala have a much brighter future than most Meme and Alt Coins.
Gala Price Prediction $100
If Gala $10 is a difficult effort, it would take even more effort to reach $100. In this case, we make a more conservative assumption of 25% per annum (assuming 50% burn at the end of this period). The market cap would be $700 Billion and it would take 35 years or 2057 to reach this level.
Can Gala Coin Reach $1,000?
Reaching $1,000 seems impossible considering Gala’s current growth rate and the market conditions of economic factors. Here’s the detailed analysis:
Gala coin must grow by 33,333 times to reach a price as high as $1,000.
Gala coin reached its all-time high price of $0.75 in November 2021 where it grew by 8.33 times in less than one month. Thus, considering its 8.33 times growth in one month, we can say that the Gala coin will require around 4,000 months (more than 333 years) to reach $1,000.
Hence, it is not at all practical.
Will Gala coin reach $1?
Yes, Gala coin will reach $1 given the likely growth in play to earn games until 2030. We assume a growth estimate of about 35%. It would take 11 years for Gala Coin to reach $1.
Will Gala Go Down?
As outlined earlier, Gala has pumped significantly over the last few weeks. It is likely to go down a little if there are no more market-level pumps.
Where to Buy?
- Kraken – Kraken is a major cryptocurrency exchange that allows users to trade multiple cryptocurrencies such as Bitcoin, Ethereum, and others. It provides sophisticated trading tools, strict security requirements, and an easy-to-use interface.
- KuCoin – KuCoin is a global cryptocurrency exchange noted for its vast choice of cryptocurrencies, user-friendly design, and solid security features. It provides trading in various cryptocurrencies, staking options, and a referral program for users.
- ByBit – Bybit is a significant cryptocurrency derivatives exchange that is well-known for its leveraged trading options, which include perpetual contracts for Bitcoin, Ethereum, and other cryptocurrencies. It has an easy-to-use interface, powerful trading tools, and rigorous security requirements.
Gala Crypto Prediction: Frequently Asked Questions
How much GALA crypto be worth?
As per the price predictions, GALA crypto can reach as high as $0.24 by the end of 2030 if the macroeconomic and liquidity factors remain in their favor.
What will GALA be worth in 2025?
Play-to-earn games are likely to grow over the next 3 years and Gala crypto is likely to benefit from that growth. Gala token is predicted to rise 5x to $0.116 during this period.
Does Gala Coin have a future?
Given the predicted growth of play-to-earn games and Gala’s pioneering role in it, it is highly like that Gala coin will have a good future over the next 8 years.
Green Satoshi Token Price Prediction
Gala Token Price Prediction: How to Buy Gala?
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Cryptos or Stocks. Please consult a registered investment advisor to guide you on your financial decisions.