Meta Description: Gala Coin is one of the most promising cryptocurrencies at this point. But is it a wise investment? This article will give you an insight into the possible price of GALA in the future.
Gala is the crypto of a popular gaming space that allows users to make money by building their characters, selling non-fungible tokens, and selling game stuff. More than seven games have been made thus far on the gaming platform. This platform is at one with Binance Chain, Solana, and Ethereum blockchains.
Gala responded to the fame of the Metaverses in 2021, with an almost ten times growth. Will the price of the token increase remarkably once more? Will this happen soon? We collected long-term price predictions of this kind from top analytical platforms.
Are you searching for crypto to invest in today and the coming years? With the dominant S&P 500 index down 16 percent this year, traders are searching for particular business sectors that are doing good and financial instruments that weather the international economic slump well.
Gala Price Prediction History
Gala token’s price has been upbeat for the long-term as the crypto increased to an ATH of more than $0.8. When this coin was created in 2019, GALA obtained a price of around $0.0001 in September 2020. Following the price level, this crypto dropped by $0.0002 and bounced back to the value of $0.003.
In the first quarter of 2021, GALA reached a value of around $0.03, following down to about $0.0078. On the other hand, this coin turned bullish and regained the $0.04 price level in the last quarter of the year.
The price prediction of the Gala presented by many experts/websites is largely bullish, and it is anticipated that in the coming years, we will witness the average trading value of this coin reach the price level of $1.
GALA Price Prediction 2022
- Current Value: $0.062
- Possible High for 2022: $0.1
- Likely Low for 2022: $0.047
When investors are on the sentry for the hottest cryptocurrency today, choosing whether HODL ing or short-term or long-term is the primary concern is vital.
GALA might be a superb long-term investment- however, only time knows. As part of the emerging play-to-earn gaming occurrence, it is well positioned. On the other hand, a lot depends on how games plunge with gamers and how rivalries do.
With regards to the short term, the price of the coin has displayed what is called a rounding bottom outline which is represented by the blue line below.
Generally, the rounding bottom is an indication of a bullish. So meaning the price of this token has found lower support levels, between the price of $0.045 and $0.05. Investors are ready to acquire at this stage, pushing the value upward.
On the other hand, there is also a drawback. We can see that the value currently found a higher resistance level at $0.070. At this moment, investors are selling, and the decrease in the need for this coin has pulled down the price. It has violated a slight backing level of around $0.0656, with over 10 percent down in the present day.
This GAL price prediction for 2022 considers short-term trading things. In the fourth quarter of 2022, the main influencer in the price of this coin will be Ethereum and Bitcoin prices.
Investors who decide to purchase BTC are riding into the hard sell of the cryptocurrency sector. In general, if the value of BTC is good, other cryptocurrencies usually do well too.
At present, Bitcoin has a market cap of only below $450 billion.
BTC comprises 40 percent of the total price of the $1.12 trillion crypto sector.
The value of BTC has increased since June 18, 2022, from 2022 a short of $17.744 to $23.515 at this point. That’s an increase of 32 percent in just a matter of two months.
When it comes to ETH, we may anticipate the Gala token to be controlled by the price of ETH too.
At present, ETH has a market cap of $226 billion.
ETH claims almost 20 percent of the market cap of the whole crypto world
The value of ETH also increases since June 18, 2022. It increased from a value of $897 to an existing value of $1.853. That’s a considerable rise of more than 106 percent.
If the GALA coin continues to surge its price over 2022, a considerable point of opposition is $0.1. The Gala value on May 15, 2022, is $0.1006 after localized bounces. When the value goes beyond the $0.1 mark, we can expect continued development in its price.
Gala (GALA) Price Prediction 2023
The Gala price reached the $0.2718 mark on March 30, 2022, after a slight bounce. Usually, we take this value as a high resistance level for 2023. Once the price of this coin pushes this mark, we will anticipate a constant bullish development.
We speculate a possible decline for the Gala price in 2023, similar to 2022, which is $0.047. This value is only below 5c. The price of this coin doubled bottom in this level in the second quarter of 2022. It drops below this mark in 2023, and we would anticipate witnessing the value will go down.
The broader stock markets are in dismayed in the second quarter of 2022 and had a bad knock-on impact on the cryptocurrency market and also on the price of this coin.
US S&P 500 benchmark has been low by more than 20 percent, and the technology-savvy NASDAQ has been low by more than 30 percent.
There are factors that lead to the bearish market states, such as:
- The Crisis in Ukraine: Fractured international supply chains, as well as general doubt as resulted in less investment in the crypto markets.
- Price Inflation: In the year 2022, we witnessed the worst value inflation for four decades. In July 2022, the CPI index stood at 8.5 percent. With prices rising, businesses are under spiked economic pressure, and this is reflected in assessments.
- United States Federal Treasury Continuing Rule of Quantitative Tightening: This rule is kept on and aspires to lessen the number of funds in the crypto markets, which has a bad effect on crypto investment.
However, here is the catch, the factors mentioned are anticipated to lessen in 2023. The wider market and the cryptocurrency market will be on safe ground and will encourage investment.
Because it is a GameFi coin, the Gala token can anticipate gaining from the recurrent appeal of gaming as a free-time pursuit. However, we should remember that no matter what the intrinsic price and fame of the growing Gala ecosystem are, the price of this coin does depend largely on broader economic influences.
For the 2023 price prediction, we see an average trading price of about $0.062 with a maximum price level of $0.2718. We also predicted a minimum price level of $0.047
Gala (GALA) Coin Price Prediction 2024
The price of the Gala coin for 2024, in accordance with the data we have collected, ranges between $0.47 and $0.73, and the average trading price predicted is around $0.61.
The GALA price is improbable to change as the crypto market fell close to the bottom. This has been moving around it within the fiat. So far, there are factors for growth, and this coin strongly relies on the views of the market as well as the metaverse segment. The factors mentioned are considered vital factors which will influence the price in the coming years, most particularly GALA coins.
Gala (GALA) Coin Price Prediction 2025
For 2025 prediction, on February 8, 2022, the price of this coin hit an all-time high of $0.38 after over doubling in just a matter of seven days. That’s a 533 percent rise in value on its existing level. The instant gain in value was displayed to be indefensible, with the value having then fallen for more than four months.
We expect that this price will give Gala a possible increase in price for 2025. Regardless of the price, it should break in this resistance level to increase any further. At this level, we are not able to forecast with confidence what will occur in 2025. So, we expect a similar possible low for 2023, 2022, and 2025 of $0.047.
Below the support level, the price of this token might drop considerably- it depends on whether the short-term moving average at the period shows any other support levels.
For 2025, we see that the Gala will reach the maximum price of $0.38 with a minimum price level of $0.047. The average trading price predicted is around $0.062.
Gala (GALA) Price Prediction 2030
2030 is far, and we say that the price of the GALA coin may challenge its ATH of $0.7121, obtained on November 28, 2021. The future price of this coin depends on whether the ecosystem of this coin can generate the best blockchain games. In the meantime, we can project a number of possible lows and highs for the price of GALA.
Remember, we project a similar possible low of around $0.047 for 2022 to 2025. The reason behind this is the level of support from the community.
The average trading price predicted for the Gala coin is $0.062 and a maximum price level of $0.7121. The minimum price level predicted is $0.047.
Gala Price Prediction Analysis
Being one of the lowest market capitalization cryptocurrencies, the GALA token is extremely susceptible to investors’ sentiment over the company. Having a market cap of only $400 million, the value is extremely volatile. Even if the number of supplies was worth more in its prime in 2021, publicity plays a vital role in the increase of its price.
The meteoric performance of this coin in 2021 was down to a rise in attention in blockchain gaming as well as the metaverse as a whole. Traders were on guard for the superb metaverse stocks and were glad to speculate that this coin was the next big thing.
Gala Price Prediction Conclusion
We are hoping that through this Gala price prediction, we will be able to help you decide whether or not to invest in this coin. Always keep in mind that this is just a prediction; this is not 100% percent accurate, as things may change depending on many factors. But at least you have a guide that you can use in making a decision.
Will GALA Coin Recover or Go Up?
GALA became one of the biggest dissatisfactions this year. The coin has lost more in its value, and it is also considered one of the worst-performing tokens. Mana, its major competitor, is down more than 80 percent. On the other hand, for a metaverse token that is forecasted to increase soon, 2022 has been worst, and as of now, there are some indications of recovery.
The drop in its value began in April 2022. This is because of the announcement of the US Fed that they will lessen the size of the reserve balance sheet. The news planned approach for decreasing the size began floating in January of the same year. The cryptocurrency market, in general, began to trade since then; however, this was made official in April.
The market totally crashed, and the price of the Gala dropped to its lowest. With the value going down and the level of interest or number of games, users also declined. The most played game saw a remarkable decrease in users, and interest level crashed too.
How Can I Earn Gala Coin?
You can get GALA by backing the ecosystem, which allows games to run. Town Star is the first game developed for the Gala Games ecosystem and has a prize structure where the best players are given in Gala coins.
Every day, the coin is allocated to founder nodes which have served the needed time every cycle. Therefore, it assists in the operation of the games as a really decentralized gaming platform. A halving method is included in the allocation and is done via voting. Halving is only decreasing the prize coins with the number of blocks and time.
What is the usual holding period of this coin?
The median period during which Coinbase clients hold a coin prior to selling or sending it to other accounts is sixty-one days.
What’s the relative popularity of the Gala token?
Gala coin ranks the 40th position in Coinbase tradable assets. Popularity is, at present, based on virtual market capitalization.