Will Gala reach $10? Gala Price Prediction 2023, 2025, 2030
Gala Price Prediction 2023: Gala falls as the current price has grown faster than the estimated player count
Will Gala reach $10? Yes, Gala coin could reach $10 in the coming future.
Current Price of Gala Token
Gala Price Prediction: Recent Performance
- Last 1 Month: +205.9%, Outperformer*
- Last 6 Months: -7.2%, Underperfomer
- Last 12 Months: -71.1%, Underperformer
*vs Ethereum
Gala Pump appears to have come to an end for now. Market Pumps are likely to drive Gala movements going forward.
All-time High: $0.8367
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
Daily user counts of Dragon Strike and Meow Match are not available. However, using a google search we can estimate that the active player count of Gala gems has increased by 85% after this acquisition. However, this is an estimate and could be quite inaccurate once actual data is available.
Gala price rose from $0.019 to $0.053 in the last 7 days. Assuming the active player count has increased by only 85% (and we could be completely wrong), Gala’s price should have risen by 85-100% or a price between $0.035 and $0.04. With this assumptive data, one could Gala could fall lower and all the way below $0.04. It is already down 12% from recent highs.
Gala Plans for 2023 (Just Released)
- 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
- 2022
- Q1 Average: $850m
- Q2 Average: $331m
- Q3 Average: $216m
- Q4 Average: $105 m
- 2023
- Q1 Average: $430m
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 definitely a good use case.
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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 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 in fact 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 again 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.
Gala 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.
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.
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 Price Prediction 2023
Gala is likely to begin recovery in the second half of 2023 as the overall economic climate improves. Gala Price Prediction 2023 is $0.103
Gala Price Prediction 2025
It is likely that 2024 and 2025 may benefit Gala from a cyclical point of view which may also help in delivering newer gaming experiences. Gala Price Prediction 2025 is $0.130
Gala Price Prediction 2030
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). Gala Price Prediction 2030 is $0.260
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.
Gala news: Latest updates
As per the latest announcement by Gala Games on Twitter, whenever a purchase is made on the platform (for the entire Q1 of 2023), the number of GALA tokens used for the purchase will be burnt. It further said that users can make their purchases in ETH or through credit cards. Though the change will be fully implemented in a few days, from next week onwards, any purchases in GALA will automatically be burnt. However, a similar quantity will be added to the emission pool for the purpose of re-minted via founders.
The announcement claims that this step is to increase the utility of the Gala ecosystem as a whole. Furthermore, Sharkscan.io noticed a purchase worth $17,630 Gala tokens at an average price of $0.025. After this recent purchase, a total of $4,675,492 worth of GALA is recorded as holdings.
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.
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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 Stocks. Please consult a registered investment advisor to guide you on your financial decisions.