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)
| Metric | Last 24 Hours | Trend |
|---|---|---|
| Net Social Media Sentiment | 5.7% | Lower |
- Gala Film has announced their partnership with the filmmakers of the Tribeca Festival award-winning film, Common Ground.
Gala Token, Buy or Sell – Crowd Poll
Net Rating = Buy% – Sell%
- June 28th:+30.6%
- August 1st:+42.9%
- September 18th: +41.7%
- September 21st: +39.8%
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.
To read in detail whether Gala is a good investment, click here
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
To reach $5, Gala will need to rise 100 times. This is neither unheard of nor unrealistic if Gala can get customers to engage and spend more time on the games (beyond reward). At 100x the current price, Gala’s Market Cap would be $35 Billion which is really not such an unrealistic forecast.
If Gala were to grow at an aggressive 50%, it would reach $50 in 17 years. These kinds of long-term forecasts are highly unreliable. If one assumes 50% of the Tokens were to be burnt, Gala could perhaps reach these levels within a decade.
In the end, it would depend on how well the acquired Games deliver results. High engagement and Token usage could push Gala to $5 very quickly.
Will Gala reach $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 10 years.
Will Gala reach $10, $100 or $1000
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.