Will Gala Reach $10 or even $1?

Will Gala Reach $10 or even 1? Read why we think Gala can reach these targets.

Current Price of Gala Token

Ethereum-based tokens are definitely on the rise these days. Gala is a play-to-earn gaming platform that issues coins on the Ethereum ERC-20 protocol. On Gala, using blockchain and NFTs, players can win verified assets and then trade them with other players.

As of now, there are about 16000 different players who are actually fuelling the entire environment of the Gala Games. In order to make some improvements on the Gala Network advancement, it has managed to partner with Flare, Polygon, Brave, Mazer Gaming, and other companies. The Ecosystem of Gala is definitely on the rise.

So the big question is Will Gala reach $10?

Let us do some Calculations

Price as of September 19th	$0.041789
Market Cap as of September 19th	$292 M
Market Cap at $10	$70 B
If Gala were to rise 30% a year, how many years will it take to reach $10?	21 Years
If Gala were to rise 30% a year and also Burn 50% of the Coins	11 Years

It would take Gala Token 11 years to reach $10 dollars assuming an annual rise of 30% a burn rate of about 3% per annum.

Can Gala coin reach $1?

Price as of September 19th	$0.041789
Market Cap as of September 19th	$292 M
Market Cap at $1	$7 B
If Gala were to rise 30% a year, how many years will it take to reach $10?	13 Years
If Gala were to rise 30% a year and also Burn 50% of the Coins	7 Years

Can Gala Reach $10? Overview of Play to earn market

The Play to earn market is expected to grow to $219 billion by 2024. It is probably less than $10 B in 2021.

Search queries for the Play-to-earn market have exploded 6 fold in the last 12 months. Interestingly, traditional gaming is still 60x higher than play to earn market. The Gaming market was worth $180 B in 2021.

The future looks quite positive for Blockchain games and players like Gala Games.

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. It has since fallen but is predicted to reach $0.42 by the end of this year.

Gala’s current price ranges between 0.04 and 0.05 and has a market cap of around $300 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. Even if one were to assume the estimates were off by 2-3 years, Gala could be priced anywhere between $6-$10 dollars by 2027. So the answer to the question Can Gala Reach $10 is 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.

Can Gala Reach $10? What are the current forecasts?

Gala Price Prediction 2022: Gala price prediction for 2022 is $0.08.

Gala Price Prediction for 2025 is $0.2

Gala Price Prediction for 2030 is $0.96

Source

Given the current crypto slowdown over the last 12 months, forecasts are quite pessimistic. Gaming is here to stay and Gala will be a leading player if not the number 1. So the chances of $10 are much higher than they currently appear to be.

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.