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Gala Price Prediction: Does Gala Coin Have a Future?

The development of blockchain technologies affected even the industry of gaming, bringing new-age projects that change the way people play games. One of the most significant examples is the Gala Games project which offers users a chance to own all the in-game assets. After gaining lots of value in the bullish rally of autumn 2021, the token was going bearish, and even when most of the assets started to gain value this summer it stayed down.  Read our GALA token price prediction to see if there is a chance for this token to get back on track.

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Gala Fundamental Analysis

Project name
Gala
Stock Symbol
GALA
Current Price
0.04053
Current Supply
38589854586.543686

Gala is a blockchain gaming project that aims to change the gaming industry by returning the control over their gaming experience back to the players. The project set a goal to create the games people really want to play on blockchain but in the way that its architecture stays invisible and even beginners can easily start playing them. Moreover, the players own all the in-game assets and items as NFTs, so it changes the situation when the players spend thousands of dollars on paying for games, buying the skins and objects and still can lose everything in a split second due to the bugs in technology or connection errors. 

The development process in Gala is ongoing and the team regularly tests their work on the community and pays attention to the proposals from the users and players. The project implements the Founder’s Nodes voting mechanism that allows the community to choose which projects to develop and how to use the funding. 

The Gala Games project was launched in July 2019 by Eric Schiermeyer, who before was working on Zynga — a popular social and mobile games company. As of 2022, there are around 100 employees in the company. Eric Schiermeyer considers the project the future of the internet. 

Gala games are not a single game, but more of a set of games united by the same idea. The first game ever delivered by the company is Town Star — a browser town simulation similar to SimCity, but with a key difference. In Town Star the players that manage the town actually own it.  

The company also launched an NFT collection called VOX — a set of unique collectible avatars. Some of them are rarer than others. At the initial drop, 8,888 items were distributed with an average price of 0.088 ETH. The users who got VOX avatars also receive their own FXB file that allows them to animate the avatars and even 3D print them in the future. 

There are other games in development. For example, Fortified is a player-versus-player town defense game with medieval gameplay, where players compete to build the best town defense. Another game is a fantasy RPG Mirandus, where the in-game world is ruled by five-player monarchs. The company also works on the Echoes of Empire strategy game where the players fly around on their NFT spaceships and fight for ruling the Galaxy.  

At the time of writing, there are over 1.3 million active monthly users and over 26K NFTs sold with the most expensive of them priced at over 3 million. 

The users run Gala Nodes that support the Gala Network to receive the Gala tokes and NFTs as rewards. Unlike other projects, the Gala network utilizes a triple consensus mechanism consisting of proof-of-work, proof-of-stake, and proof-of-storage algorithms. 

GALA is a native utility token of the project, represented as ERC-2 and BEP-20 tokens It has a maximum supply of 35 billion tokens with only around 7 billion currently circulating. It began trading in September 2020. The Gala token is used to purchase in-game items and also can be earned through running a node. 

Gala Live Price Chart

The price of the GALA token followed along with the overall crypto market tendency but had some changes in the trends. For instance, when most of the assets were going up in August 2021, the GALA coin stayed stable at around $0.02 and only in September established a new price level. 

In the middle of September, it jumped to $0.11, maintained this level of the price for a week and then continued at the lower level of around $0.08. While most of the altcoins and meme tokens approached their new heights in October, the GALA token price at that time stayed pretty stable not going higher than $0.10 at the beginning of the month. The situation changed drastically in November. The price of the GALA token gained over 100% in just one day and reached $0.23 on November 19. In just 4 days it approached a new milestone of $0.39 and after a short price, the correction gained over 200% and hit its all-time high of $0.83 on November 28.

From that time, the price of GALA started to go down. On December 8 it already lost around 40% and was trading for $0.47. It then shortly went up to $0.53 at the end of the year but continued in the downtrend at the very beginning of 2022. From the beginning till the very end of January 2022, the GALA token price chart was going down until it reached $0.19 on January 23. Around this level, the token was trading at the beginning of February. 

But after the first week of the month, the token doubled its price and jumped to $0.38, but after 10 days of trying to maintain this level dropped to $0.22. The price was bouncing around $0.21 and $0.23 till the middle of March. At that time some experts were predicting the flip of the market trends and the GALA token was also bullish, reaching $0.27. 

The following market correction appeared to be another bearish trend and at the beginning of April, the price returned to the previous level of $0.22 and then kept falling, following the overall trends. 

The biggest drop happened on May 12 when all the market prices were corrected. At that time the price of the GALA token fell to $0.06. It was corrected the next day to $0.1, but then went down again and stayed at this level for till the beginning of June. At the time of the big crypto sell-off, the GALA token also went down and was trading at $0.05 for the next 2 months. In the middle of July, the price started to slightly rise, but couldn’t break the resistance at $0.059. The experts see different ways the price of GALA can develop. If the price will start breaking through $0.067 it might gain even more value in the future, otherwise, the possibility of the bearish trend is more visible at the moment. 

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Gala Technical Analysis

Despite the fact that 100% accurate technical analysis for Gala cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated GALA buy-and-sell rating for selected timeframe. The summary for GALA/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Gala Price Prediction

Below we have collected the most reliable price projections for Gala (GALA) from popular forecast platforms.

Gala Price Prediction for 2022

As for Gala price predictions for the rest of 2022, there are divergent opinions. WalletInvestor expects a downturn towards $0.000405, and TradingBeast echoes with ~$0 by the year’s end. Other experts, for example, from PricePrediction.net, are more enthusiastic about Gala’s future price, citing upwards of $0.076196 in December.
Potential ROI: -37% Sell

Gala Price Prediction for 2023

In their Gala price predictions for 2023, PricePrediction.net’s forecasts the coin’s price to go above $0.048636 by December. Forecasting Gala's future, WalletInvestor expects further growth, too, saying the Gala price will reach ~$0.062822 by that time. On the contrary, TradingBeast keeps predicting Gala price decline, quoting prices around ~$0 in 2023.
Potential ROI: -8% Sell

Gala Price Prediction for 2024

The experts are unanimous in their Gala price forecasts for 2024 — everybody expects Gala’s price to drop down by the end of that year. WalletInvestor predicts the price to fall, reaching $0.011754. According to TradingBeast’s research, Gala’s price can drop down to $0. PricePrediction.net’s forecast is also not so positive: its analysts hold the view that by 2024 Gala’s price will be about $0.011754.
Potential ROI: -81% Sell

Gala Price Prediction for 2025

Both PricePrediction.net and TradingBeast doubt that the Gala market will grow in 2025, predicting the price drop to $0.029182 and $0 by the end of the year respectively. Other Gala price forecasts support the idea: WalletInvestor forecasts Gala to fall down to $0.02067 by December 2025.
Potential ROI: -59% Sell

Gala Price Prediction for 2030

Speaking of long-term Gala price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that Gala price will grow further and eventually reach $0.048231 by the end of the decade. PricePrediction.net’s price prediction for Gala echoes with the projection of an uptrend to $0.070117. Despite this, TradingBeast’s vision remains not so positive, promising a downfall to $0.
Potential ROI: -3% Sell
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Summary

As it can be clear from the analysis cited above, Gala (GALA) projections are rather contradictory. There is no universal consensus either about positive or negative future GALA price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Gala projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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