The future of cryptocurrency is uncertain since its great fall in 2022, though many feel optimistic about crypto, claiming it to be the future of finance. Much of that comes down to knowing the right crypto to invest in, how much to invest, and what to expect.
In this article, we’ll discuss the current state of the Gala Coin, highlighting our prediction for its future performance. Whether you’re an experienced investor or someone new to finance, this article will help you make wise decisions and offer valuable information about your investments.
Gala is the utility currency and token of Gala Games. The coin is an essential part of Gala Games, which users can use by working a Gala Node in the Gala Games Network. Participants will need a license to operate a node, but it enables them to gain awards and NFT from their PCs when approved.
The license sets users back $13,000 in GALA, BAT, or ETH, while 50,000 nodes are required to participate in the process. Meanwhile, Gala is a game collection that users from the site can access. The games are free to play, and users can own all the game features, unlike competitors, where players have to pay to play. Games Include:
- Spider Tank
- Town Star
- Echoes of Empire
Most of these games have an NFT or Metaverse theme, where users must build or use NFT to win. Furthermore, there’s an NFT store that offers various in-game items that are divided as:
According to current data, Gala has been heading in the wrong direction, dropping 1.86% in the last 24 hours (written on December 30th). However, the last few days have seen a significant surge in trade activity for the company, with momentum going strong. Gala’s histograms show a weak price momentum, while the 14-day RSI shows no signs of a price reversal.
Based on its financial data, Gala differs from other play-to-earn blockchain gaming systems in several ways. First, Gala features an integrated store that simplifies the process of in-game goods through its built-in marketplace.
Currently, it’s a BEP-20 asset based on the Binance Smart Chain, which lows the costs of using GALA tokens. The company has a good-sized community—1.3 million-plus monthly users—that controls its operations and chooses what games to include.
From a long-term perspective, the price of Gala has been favorable as the token increased to a high of $0.8. It’s a sizable increase from its creation in 2019 to $0.0015. After that price point, the token dropped to as low as $0.0002 before rising to $0.003. Many price prediction websites feel optimistic about Gala, and it appears that the average value of the GALA token will go beyond $1. Currently, the company has a carpet marketization of $124,409,422.
Closing Thoughts On Gala Coin Price Prediction
Overall, the technical analysis currently shows that Gala has lost 85% of its value, with the value of in-game items and prizes being impacted. Yet, Gala is expected to be very profitable during the upcoming bull run, with many expecting it to surpass its record high. In the end, Gala’s cryptocurrency is projected to grow for years to come.