Will Gala Reach $5, $50?
Will Gala Reach $5? Read about analysis on how and when Gala can Reach $5 and $50 in the future.
Latest Price of GALA (USD)
Gala Coin Latest News
- The Gala GALA derivatives data analysis indicates a significant decrease in trade volume by 31.72%, amounting to $295.12 million. However, open interest has seen a slight increase of 1.91%, totaling $75.60 million. The long/short ratio for Binance GALA/USDT in the last 24 hours is 0.9505, while the ratio for OKX GALA is 3.4823 (accounts) and 2.43 (positions) for Binance GALA/USDT.
- Gala Games has officially launched the worldwide release of Eternal Paradox, a 4X mobile role-playing game developed by South Korean game developer Ndream. The game, available in 11 languages, introduces Web3 ownership mechanisms, utilizing Gala Games’ GalaChain blockchain.
Gala Token, Buy or Sell – Crowd Poll
Net Rating = Buy% – Sell%
- June 28th:+30.6%
- Aug 1st:+42.9%
- Sept 21st: +39.8%
- Oct 30th: +42.3%
- Dec 6th: +44.8%
- Dec 7th: +44.0%
Will Gala Reach $5: What is Gala?
Gala is a decentralized gaming platform on the Ethereum Blockchain, offering a range of games and the trading of NFTs. With the traditional gaming market valued at $180 billion in 2021, the emerging Play-to-earn segment, worth less than $10 billion then, is projected to hit $219 billion by 2024. GALA, Gala Games’ native token, operates in the GameFi sector using the Play2Earn model. As an ERC-20 token on Ethereum and Binance Blockchains, GALA can be used for game purchases, in-game transactions, rewards, and governance.
We believe Gala has taken the right steps to build a long-lasting gaming model that relies more on player engagement than reward. However, Tokens will continue to rise in demand if the games take off.
Will Gala Reach $5
In order for Gala to reach $5, it would need to increase by a factor of 212. At $5, GALA’s Market Cap will be $129 Billion. If Gala were to grow at a rate of 25% each year, it would take about 24 years to reach $5. Let us evaluate this data
- Quality of Investment- Moderate
- Growth required to reach $5- Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 22000 times higher)
- Market Cap at $5- Too high
- Time required to reach $5 if it were to rise at 25% per annum- Partially Feasible
Considering the criteria Quality of Investment, growth required and time required, Gala has a low to moderate chance of reaching $5.
Will Gala reach $50?
In order for Gala to reach $50, it would need to increase by a factor of 2,127. At $50, GALA’s Market Cap will be $1.3 Trillion. If Gala were to grow at a rate of 25% each year, it would take about 34 years to reach $50. Let us evaluate this data
- Quality of Investment- Moderate
- Growth required to reach $50- Too High
- Market Cap at $50- Not Feasible
- Time required to reach $50 if it were to rise at 25% per annum- Not Feasible
Considering the criteria Quality of Investment, growth required and time required, cannot reach a price as high as $50.
Gala will reach $50 only if Gala games rise in awareness, engagement, and loyalty. At the moment, those metrics are not great but they could get better with the recent acquisition. Second, even if the games perform well, how the users buy and sell in-game NFTs using Gala Tokens would be the second metric to be tracked. Should both these metrics rise significantly over the next few months, $50 would be quite realistic in the next 26 years.
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.