Will Gala reach $10? Gala Price Prediction 2023, 2025, 2030
Gala Price Prediction: The play-to-earn tokens have struggled this year so far, and the price of Gala is predicted to remain below $0.10 by the end of 2023.
Will Gala reach $10? Assuming a super conservative scenario, it would take Gala 22 years to reach $10. On a more aggressive basis, Gala coin could reach $10 in the next 5 years.
Gala Coin Price Prediction $100. Assuming a super conservative scenario, it would take Gala 35 years to reach $100.
Current Price of Gala Token
Gala Price Prediction: Recent Performance
- Last 1 Month: -27.2%
- Last 3 Months: -48.5%
- YTD: -94.4%
Gala Price and Volume
Gala Price has remained steady in the last few days. The trading volume of the Gala has mostly remained low. The trading volume started to fall from November 4th but there was a surge in trading on December 5th.
Gala Technical Analysis
Gala is undergoing a massive reversal and this reversal may take the price of the Gala close to $0.030. Currently Gala has started to move above the 50-day moving average with support at $0.0239.
However, the price remains below the 200-day moving average (Green line). On the chart above Gala is drawing a bullish momentum and the current signal is Buy.
Gala is currently facing resistance at $0.0281. If Gala breaches this resistance level, the price of Gala is set to breach $0.030.
The current reversal happened after the Gala price line formed a Golden Cross with the 5-day moving average.
The current momentum is a bullish one and the price of Gala is et to move higher.
RSI and Fear and Greed
The RSI of the Gala is at 44.10 and it is moving higher. This is a good indication and the price of the Gala is set to rise further as there is enough room for the Gala price to rise further before it entered the over-purchased territory.
The Fear and Greed Index for Gala is current at Greed.
The current momentum is Bullish and the momentum is Buy.
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
- Q1 Average: $850m
- Q2 Average: $331m
- Q3 Average: $216m
- Nov (Q4): $112m
Is Gala Crypto a Good Investment?
Gala is a play-to-earn Ethereum-based cryptocurrency that is used to power Gala games. One of the more popular games on Gala Games is Town star, a browser-based simulation game. 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 is an ERC-20 utility token developed on the Ethereum network. It is the 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 token was launched with the aim to target the niche gaming sectors and provide 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 a governance token.
- 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.
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. 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.
Will Gala Go Up or Will Gala Recover?
Gala has turned out to be one of the biggest disappointments this year. Gala has lost over % of its value this year and it is one of the worst-performing cryptocurrencies. Its major rival Mana is down over 80%. However, for the metaverse tokens which were predicted to rise in 2022, the year has been worst and there have been signs of recovery as of now.
The crash in the price of Gala started in April 2022 when the US Fed announced reducing the size of the Federal reserve’s balance sheet. In January 2022, the news of the Fed’s planned approach for reducing the size of the Federal Reserve’s balance sheet started floating. The overall crypto market started to trade negatively since then but in April this was made official.
The crypto market crashed completely and the Gala price went below $0.10. With the price crashing, the interest level or the number of Gala games users also went down. Townstar, the most popular Gala game saw a massive drop in users as well as interest level for Townstar crashed.
However, there are chances of the Gala Price going up once again but for Gala to go up again, however, for this to happen the US Fed will have to make the decision to boost the overall crypto and stock market. Added to it, Gala games need to gain back the players that it had lost since April.
Will Gala Go Down?
Gala is a gaming token and its utility depends highly on the users of Gala games. There has been a rapid decline in the users of Gala games in the last 1 year and this has resulted in a price crash for Gala.
Following the current market trend and the performance of the Gaming tokens in the last few months, the price of Gala is predicted to go down.
Gala Price Prediction Today
|Overall Outlook||Partially Negative|
|1. Market's Wisdom||Negative|
|1a. Market Data||Partially Negative|
|1b. Technical Recommendation||Sell|
|2. Crowd's Wisdom||Partially Positive|
|2a. Social Media Buzz||Higher|
|2b. Social Media Sentiment||Neutral|
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. 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 Coin reach $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.
Can Gala coin reach $1?
Given the above scenarios, $1 is likely to be a walk in the park. In this case, we assume a growth estimate of about 35%. It would take 11 years for Gala Coin to reach $1
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.
Gala Price Prediction 2023, 2025, 2030 and 2040
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.
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. Here are some updates on the price. Read on for detailed analysis and prediction scenarios.
Some analysts are forecasting that Gala could rise to $0.07 in the current PUMP. Gala rose close to that level before retreating a little. Gala has announced a new partnership with Stick Figure to produce a new Film ‘ Four Down ‘
- Gala Price Prediction 2023 is $0.08
- Gala Price Prediction 2025 is $0.116
- Gala Price Prediction 2030 is $0.24
Gala Coin Price Prediction: Where to Buy Gala?
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.