Gala Price Prediction: Gala Continues to rise, can it rise above $0.1?
Gala Price Prediction 2022, 2025, 2030: Aggregated Estimate
Gala Prediction: Performance in 2022
Is Gala good for Long Term Investment?
Like all other cryptocurrencies, Gala has failed to provide a good return to investors. Most of the investors who have invested in Gala Token are at loss. As per the data by IntoTheBlock, only 11% of the Gala token investors are making a profit at a current price while 82% of the investors are at loss. However, it is very much suggested to have a Gala token in your wallet as a long-term investment. The reasons are:
- The Gala coin was introduced to revolutionize the gaming industry. Players could use Gala tokens and play different games for countless hours. With the gaming industry booming, it is clear that the Gala token has a future. Therefore, to make a good return on Gala investment, one must make sure that his/her investment is a long-term investment.
- Crypto investment is always a long game. Many investors enter the crypto market with the hope of making a quick profit and exiting the market. Due to this reason many a time, the price of cryptocurrency crashes as there is a mass sell-off. However, to make a good profit one should have a plan of sticking to the market for a longer period.
- Currently, there are only 8% of the investors have been holding Gala tokens for more than a year. In comparison to Bitcoin, there are over 60% of the investors have been holding Bitcoin for over a year despite the price of Bitcoin crashing multiple times. The interest of the investors has made Bitcoin valuable.
- Gala Investors are most the ones who have been holding Gala tokens for less than a year. Over 80% of the Gala investors have been holding Gala tokens for less than a year. A maximum number of these investors need to hold Gala tokens for a longer period. It has been noticed that even with slight movement in the market, there has been a mass sell-off. The mass sell-off happens due to these sections of investors. Therefore, to make the Gala a good investment one must hold Gala tokens for a longer period.
Gala Coin Price Prediction: What is Gala Token?
Gala is a play-to-earn Ethereum-based cryptocurrency that is used to power Gala games. Using the Gala token, a user can spend countless hours playing the games powered by the Gala tokens. Here are some of the facts regarding the Gala token:
- Gala Games was launched in the year 2018 by Eric Schiermeyer, Wright Thurston (crypto miner), and Michael McCarthy.
- GALA is an ERC-20 utility token developed on the Ethereum network. It is a main digital asset within the Gala Games ecosystem for purchasing items, peer-to-peer payments, rewarding nodes, and more.
- Gala token powers the Gala games ecosystem. Users can play a variety of games on the platform. The games are 100% free-to-play and are accessed over the blockchain through a decentralized application (DApp).
- The Gala token has been founded by Eric Schiermeyer (the co-founder of Zynga and gaming legend), Wright Thurston (one of the first major miners in the cryptocurrency space and holder of multiple patents on blockchain technology), and Michael McCarthy (the Creative Director behind viral gaming hits such as Farmville 2).
- The token was launched with the aim to target the niche gaming sectors and provide the users an opportunity to play games for countless hours using the 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 the governance token.
- Gala games is a play-to-earn NFT gaming platform. Gala Coins can be earned and spent on the blockchain games platform.
- Gala has launched town star, a browser-based simulation game. Gala has also launched a native blockchain to the power ecosystem. It also highlights its decentralized governance attribution and most of the decentralized ledger tech also has governance tokens to give powers that can be used by the users.
- The Gala network like every blockchain needs validators. Gala sells licenses to Gala Nodes which are also called Founders Nodes.
- Gala Games has about 1.3 million active players every month.