Gala price surge came after it was listed on Binance, but the more compelling argument would be that play-to-earn gaming is one of the hottest trends in the crypto sector now. The games’ unique characters allow participants to generate wealth instead of spending money to become a part of the community.
2021 was a successful year for Gala. However, 2022 is poised to be another successful year with more developments in place.
Gala ended 2021 on a high with an announced partnership with Under Armour. This is poised to be a partnership for charitable causes. 2974 editions of the Genesis Curry Flow NFT were made available.
Binance partnered with Gala Games and many other metaverse networks to give metaverse tokens worth $400,000 last December 2021.
Gala Latest Developments
Gala promised to develop blockchain games that people would want to play. They delivered on that promise by announcing in December that they would be partnering with legendary Sims designer Will Wright. Gala Games and Gala Labs worked with Wright to create the VOXverse, a home for your favorite collectible “avatars that DeFi!”.
Gala has some plans for 2022. The most important thing is to migrate to their proprietary blockchain; this will reduce network fees and combat many Ethereum bugs that might inhibit long-term growth. New games are also to be expected for 2022.
It was also announced that there are proposed partnerships with more companies like Frank Miller, Under Armour, and AMC. They also mentioned that charitable work and sustaining the environment will be done more in 2022.\
Gala games enable blockchain-gaming-focused projects, allowing users to utilize their NFT characters in gameplay. These features made it easy for GALA to make significant gains after being listed on the Binance exchange.
How does Gala work?
Gala is similar to a Steam store or GOG and involves a variety of games that users can play on the platform. Unlike other stores, which include players paying to play the games, the games here are free-to-play, and users can own all the items in the game. GOG.com is a digital distribution platform with a curated selection of games and a philosophy that is a “you buy it, you own it.”
Gala’s approach to blockchain-based gaming is unique compared to the new ‘buying’ in-game items. There are a total of 5 games on the platform:
- Spider Tank
- Town Star
- Echoes of Empire
Most of these games are NFT, and metaverse themed, where users will have to create something or use NFT to complete the game. Players will also find an NFT store consisting of several in-game assets distributed in these categories: six rarity classes: Common, Uncommon, Rare, Epic, Legendary, and Ancient.
What is GALA?
GALA is the utility token of Gala Games and is the main asset used in the Gala Ecosystem for gaming and buying the in-game assets. The token is an integral part of Gala Games, which users can use in the Gala Games ecosystem by running a Gala Node.
However, to run a node, Gala players will need a license that will allow them to earn rewards and NFT from their home computer. But the catch is that this license costs $13,000 in ETH, BAT, or GALA. Furthermore, the number of nodes that can participate in the process has a limit of 50,000.
|Coin||Symbol||Price||Marketcap||Change||Last 24h||Supply||Volume (24h)|
|GALA||$ 0.320876||$ 2.43 B||5.70%||7.54 B||$ 336.14 M|
What makes Gala unique?
Gala has several unique qualities that stand apart from other blockchain-based play-to-earn gaming platforms.
- Gala has an integrated store which makes it way easier for players to play and earn or buy and sell in-game items over its built-in marketplace.
- It is built on the Binance Smart Chain and is a BEP-20 asset. This brings down the transaction fees while spending GALA tokens.
- Gala has a massive community that decides which games to list and govern the performance of the platform. It has a whopping 1.3 million plus monthly users.
GALA price analysis
The current market capitalization of the token is $4.3 billion as per data from CoinMarketCap. The GALA token has a supply cap of 35,240,112,493 GALA and a circulating supply of 6,977,205,436 GALA.
GALA technical analysis
The technical analysis of the GALA token shows that the GALA price is still bullish in the long term. The price rise of the token in recent days was quite impressive as the token reached a maximum price of 0.8367 USD since inception. The current price of the token is above $0.6.
GALA’s price continues above the 50-day and 100-day price action and is currently in the upper end of the Bollinger Bands. However, the trading volume for the token has decreased, and we can expect lower prices in the short term.
GALA price history
GALA’s price has been bullish for the long term as the token rose to an all-time high above $0.8. Since its inception in 2019, the token achieved a value of $0.0015 in Sept 2020. Following this price level, the token fell as low as $0.0002 and rebounded to reach a price of $0.003.
Following the start of 2021, the token reached a price of $0.03 by March, following down to $0.0078. However, the token once again turned bullish and reclaimed $0.04 by Sept 2021.
The GALA price forecast presented by several websites is mainly bullish, and it seems that soon, we will see the average price of the GALA token above $1.
GALA price prediction by Wallet Investor
According to WalletInvestor, the future price of the GALA token is highly bullish.
The GALA average value by the end of 2021 is expected to be above $1. However, the maximum price is expected at $1.119, while the minimum price is forecasted as 0.922 USD as per GALA price prediction by WalletInvestor.
In a year from now, it might reach as high as $0.987.
The long-term price analysis of the blockchain-based game network is put above $2. The year 2025 is expected to end at an average price of 1.8 USD, followed by a maximum of 2.194 USD and a minimum of 1.526 USD. This makes GALA an excellent investment, and a massive surge in the market cap can be expected as the cryptocurrency market takes a bullish turn.
GALA price prediction by DigitalCoinPrice
DigitalCoinPrice also predicts a bullish future for GALA. The current Gala price is $0.38767241868, but it can reach $0.64589155368 in three years or at least twice its value.
GALA will be worth three times as much for a 239.6% increase in another three years. As institutional investors buy GALA and nonfungible tokens increase in popularity, a price of $1.64 is projected for a 323.23% increase in price by 2029. If you invested $100 on FLOW, your investment would gain $323.23 in price.
GALA forecast by PricePrediction
GALA is an excellent opportunity as an investment with a good return percentage. In the last 24 hours, the investors have predicted a bullish trajectory for the token in the long term. Investing your hard-earned dollars in the token in November might’ve made you a millionaire.
GALA is an interesting integration of gaming into blockchain technology and allows players and many traders true ownership of their assets.
Will GALA hit 1 USD in a year?
According to our price analysis of the GALA token, the yearly high for the coin rests at $0.8, and it is expected that soon, we will see that level get breached and the formation of a new all-time high, above $1.
What will GALA be worth in five years?
GALA will be worth as much as $2 by 2026, as predicted by DigitalCoinPrice.
Will GALA replace Bitcoin?
GALA cannot be compared with BTC, a Store of Value. GALA is a blockchain-based gaming platform representing an entirely different DeFi industry aspect. The token can’t replace Bitcoin because Bitcoin is compared with gold and has a market cap above $1 trillion.
Is GALA price going to fall?
According to our analysis, GALA will continue to be volatile, but such a feature will benefit long-term holders of the coin by breaching $1.