Gala Price Prediction: Can This NFT Play-to-Earn Game Token Reach $1?

During the NFT boom and increased massive crypto adoption, Gala Games came into the light to connect the gaming industry and blockchain and offer users unique possibilities to earn every item in the game. See Gala token price prediction to decide if it is the right idea to invest in.

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Gala Fundamental Analysis

Project name
Gala
Stock Symbol
GALA
Current Price
0.08432
Current Supply
37494773225.94926

Gala token is the native ERC-20 token powering Gala Games Network that aspires to change the way people play on the blockchain and make it more interesting and motivating for them. Thanks to the simple gaming technologies users can’t “see” the blockchain, instead, they just have colorful animated gameplay that makes it accessible even for players without a crypto background. 

Another unique feature of the project is that all the earned, obtained, or found objects can be minted as NFTs, stored, or traded at the NFT marketplace. It motivates people to play more, as they never lose their progress, own every asset in the game, and can even earn by trading NFTs. The platform also provides governance rights to the users, so they can decide how the development of the game should go. At the moment of publishing, there are more than 1.3 million active users on the platform.

Gala games were launched in 2019 by Eric Schiermeyer, the co-founder of Zynga, a company developing mobile games. The network currently has only one game called Town Star with functionality similar to SimSity. 

GALA token is needed to govern the platform and it’s also a measure of payment on the platform, used for buying the items and non-fungible tokens. It has a circulating supply of 7.5 million and the total supply of 36.2 billion tokens, available on many major exchanges, including Binance.

Gala Live Price Chart

At the beginning of the year, GALA token cost $0.016 and its price stayed on the same level till the beginning of February. At that time the price went up and reached $0.026 at the end of the month. But right after getting to this milestone, token went for a long bearish rally. 

The price was slowly declining till it reached the support level of $0.012 in mid-April. GALA kept this position for 3 months and then started to increase the value in the middle of July. By the end of the month, the price started to grow, reaching $0.024 and slowly bouncing in the range from $0.017 to $0.029 till the beginning of November. 

In November due to the Metaverse hype GALA token suddenly skyrocketed, reaching its all-time high of $0.77 on November 25. All the previous week the token was beating its own records, reaching new ATH in a matter of days or hours. 

GALA token has gained over 300% since the beginning of the month and the market is still bullish, making analysts argue with what is going to happen to the asset next.

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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 of the end of 2022, Gala price predictions remain predominantly positive, with some analytics promising the price at about $0.085, while WalletInvestor even cites the possibility of the price reaching $0.344 by the end of the year.
Potential ROI: 116% Buy

Gala Price Prediction for 2023

According to WalletInvestor, in 2023 Gala investors should expect price growth to $0.562, which seems a good reason to consider Gala as an investment option. PricePrediction.net, in turn, predicts the price increasing to $0.13, and TradingBeast agrees with a predicted growth to $0.135971.
Potential ROI: 227% Buy

Gala Price Prediction for 2024

The experts are unanimous in their Gala price forecasts for 2024 — everybody expects Gala’s price to grow by the end of that year. TradingBeast predicts the price growth reaching $0.160011. According to WalletInvestor’s research, Gala’s price can go up to $0.778. PricePrediction.net’s forecast is also positive: its analysts hold the view that by 2024 Gala’s price will be about $0.19.
Potential ROI: 346% Buy

Gala Price Prediction for 2025

Both TradingBeast and WalletInvestor predict the Gala market to grow in 2025, resulting in $0.191467 and $0.997 by the end of the year respectively. Other Gala price forecasts support the idea: PricePrediction.net forecasts Gala to reach $0.27 by December 2025.
Potential ROI: 477% Buy

Gala Price Prediction for 2030

Most experts are expecting an encouraging future for Gala: long-term Gala price predictions promise significant growth by 2030. TradingBeast predicts the price to reach $0.095734, while WalletInvestor goes for $0.43868. PricePrediction.net also puts big hopes on Gala in the long term: its Gala prediction for 2030 is $1.92.
Potential ROI: 870% Buy
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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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