Is Gala a good investment? What could Gala be worth in 2023, 2025 and 2030? You’ll know it all by the end of this article.
The price of Gala increased 350% in November 2021 benefiting from increased interest in gaming and metaverse crypto projects in a similar vein to Decentraland (MANA) and The Sandbox (SAND), as reported by the Cointelegraph’s Yashu Gola. This interest in gaming cryptos was sparked when Facebook announced that it will rebrand as ‘Meta’ and focus on building the metaverse.
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According to recent long-term forecasts, the price of Gala could reach $0.07 by the end of 2023 and $0.11 by the end of 2025. Gala will then rise to $0.32 in 2028, and $0.5 in 2030.
So, what’s next for the price of Gala? Will it take on its bull run, or will it run out of steam? Let’s take a look at what experts are expecting.
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What Is Gala And How Does It Work?
Gala (GALA) is the coin of the blockchain gaming company Gala Games which aims to give gamers control over their in-game assets using blockchain technology. It is most similar to Enjin Coin (ENJ).
At the time of writing, Gala Games has five games — Spider Tanks, Town Star, Mirandus, Echoes of Empire, and Fortified. The GALA token can be used in any of these games to purchase in-game items in the form of NFTs (non-fungible tokens), take part in the governance of how games are developed and earned by running a node to secure the Gala network and validate transactions. Node runners can also receive rewards in the form of NFTs.
GALA operates on the Ethereum (ETH) network as an ERC-20 token and the Binance Smart Chain, Binance Coin’s (BNB) parallel chain as a BEP20 token. Working on multiple chains, GALA uses three consensus mechanisms, proof-of-work, proof-of-stake, and proof-of-storage.
There is a total supply of 35,240,112,493 GALA tokens of which 6,977,205,436 are in circulation. There is no maximum supply.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Technical Analysis Of Gala Price Movements
CoinMarketCap first started tracking the price of Gala on the 20th of September 2020, which means at the moment we only have a bit more than a year’s worth of data to analyse, as you can see from CoinMarketCap’s graph below.
When CoinMarketCap first started tracking the price of GALA, it sold for an ultra-low price of $0.0015 per coin. Early on, it started to decline and by the beginning of November 2020, had hit a low of $0.0002809 and by the 28th of December 2020, had hit its all-time low of $0.000151. Things didn’t look too promising, however, the very next day, the 29th of December, GALA rocketed up to $0.001505 and the asset’s volatility increased considerably.
Gala started 2021 at $0.0013, spent January ranging from lows of $0.0009673 and highs of $0.001559. Towards the end of the month, prices appeared to be gradually stabilising upwards and on the 29th of January rose from a minor $0.001783 to a mighty $0.003657 on the 30th — more than doubling in value.
From this point onwards, Gala was fully part of the 2021 bull run. By the 7th of February 2021, Gala had surpassed 1 cent for the first time and showed no signs of slowing down. By the 6th of March 2021, it had hit an ATH of $0.03362, but then gradually started to trend downwards and hit a low of $0.006071 on the 24th of June.
After hitting this low, Gala began to trend upwards again, surpassing 1 cent again in mid-July and gaining some serious volatility in August and by the 16th of September 2021 leapt to a new ATH of $0.1167, crossing $0.10 for the first time. Though there was a price correction, this time the bears could only force Gala down to $0.07822. October was also a volatile month with prices ranging from lows of $0.07 to highs of $0.1175.
Then November 2021 came, and GALA saw its biggest improvement ever. GALA started the month at $0.085, then Gala made a huge jump in value, hitting a new ATH of $0.836 on the 25th of November. GALA closed the year at $0.46.
In 2022 GALA started at $0.46 but then fall to $0.19 by the end of January. In February GALA managed to climb up to $0.38, but then following the overall bearish market the price started dropping and closed the year at $0.016.
Gala Price Chart
GALA/USD price chart. Source: Coinmarketcap
What Factors Affect The Price Of Gala?
Price predictions can be notoriously incorrect because they’re based on historical data and base their forecasts on previous price patterns. They cannot inform investors when crucial factors will come into play and pull the price of an asset up or drag it back down.
By understanding the factors that impact the price of Gala, you can reduce your exposure to risk and take profits at the best possible moments.
1. The Popularity Of NFTs
Gala Games in-game items leverage NFTs which burst into popularity in 2021 and have the ability to appeal to a much wider audience of users than just crypto enthusiasts. In 2021, for example, the most expensive NFT sold for a record $532 million (124,457 ETH).
If the popularity of NFTs continues into 2023 and beyond, we could see more people — particularly gamers — developing an interest in Gala and increasing demand for the token.
2. Blockchain Gaming And The Metaverse
It is widely believed that the primary reason Gala dramatically increased in November 2021 was because of Facebook’s announcement to rebrand as ‘Meta’ and focus on building the metaverse — a virtual reality where participants can interact with each other in a computer-generated environment.
This single event was a huge boost to The Sandbox and Decentraland which plan to create their own metaverses but also had a knock-on effect on many other gaming platforms that utilise cryptocurrencies, such as Enjin Coin and Axie Infinity. Watch out for future developments related to blockchain gaming and VR experiences.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Expert’s Take On Gala Price Predictions
Almost all expert Gala price predictions agree that there will be an increase in the price of GALA.
According to the forecast, Gala could climb to a higher price tag of $0.13564 in 2024. On the lower end Gala could fall to $0.06753 and achieve an average price of $0.10212.
Coinpedia
The price of 1 Gala is expected to reach at a minimum level of $0.11 in 2025. The GALA price can reach a maximum level of $0.14 with the average price of $0.12 throughout 2025.
Price Prediction
According to our current Gala price prediction, the value of Gala will increased by 205.02%, reaching $0.15 by end of 2025.
DigitalCoinPrice
The system forecasts a +21% move from $0.0398 to $0.0483 over the next month, Gala has a price prediction of $0.0922 in over a years time.
Coinskid
According to our technical analysis on historical price data of GALA, In 2028 the price of Gala is forecasted to be at around a minimum value of $0.25. The Gala price value can reach a maximum of $0.31 with the average trading value of $0.26 in USD.
ICOcreed
Future price of the asset is predicted at $0.3265 (713% ) after a year according to our prediction system.
Gov Capital
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Trading Education Gala Price Predictions
What are crypto experts expecting for the price of Gala from 2023 and beyond? Let's see if Gala stands to be a good short-term investment (one year) or long-term investment (five to 10 years). Here are our Gala price predictions for 2023 to 2030.
Gala price predictions 2023
The price of Gala is predicted to reach a maximum level of $0.070 by the end of 2023. The Gala price can reach a minimum level of $0.038 in 2023.
Gala price predictions 2024
According to our prediction, the price of Gala might continue the gradual upward trend. By the end of 2024, it would be able to cross the $0.1 mark. The predicted high for 2024 might be $0.11, and on the downside, the low might be around $0.068.
Gala price predictions 2025
As per Gala price predictions for 2025, the price of GALA might reach a high of around $0.16, and on the downside, the low might be around $0.092.
Gala price predictions 2026
Gala is expected to trade with bullish momentum and surpass $0.2 by the end of 2026. On the downside, the low might be at $0.17.
Gala price predictions 2027
As per our Gala price prediction 2027, the token might be able to touch the $0.27 price mark on the upside, while on the downside, it might fall to $0.18.
Gala price predictions 2028
According to our price prediction, the price of Gala might reach a high of $0.32, and on the downside, the low might be around $0.24.
Gala price predictions 2029
Gala price is expected to hit $0.36 by the end of 2029. On the downside, the low might be at $0.27.
Gala price predictions 2030
The price prediction for Gala in 2030 foresees GALA dominating above $0.5 for most of the year. If the token does well, experts seem to suggest that a push to $0.63 could be possible. The lowest Gala price prediction for 2030 is around $0.38.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Conclusion: Gala Price Prediction Forecast
The below prediction figures outline some of the potential highs and lows of Gala price prediction forecasts for 2023, 2024, 2025, 2027 and 2030 offered by technical analysts and industry experts.
| Year | High | Low |
|---|---|---|
| 2023 | $0.070 | $0.038 |
| 2024 | $0.11 | $0.068 |
| 2025 | $0.16 | $0.092 |
| 2028 | $0.32 | $0.24 |
| 2030 | $0.5 | $0.38 |
Would you consider buying Gala?
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Key Points
If you remember anything from Gala Price Predictions: How Much Will GALA Be Worth In 2023 And Beyond? Make it these key points.
- The GALA token was created by Gala Games, a blockchain gaming platform, and can be used to purchase in-game items in the form of NFTs.
- DigitalCoin has predicted that Gala could hit a maximum high of $0.089 in 2023.
- By 2025, DigitalCoin and Price Prediction have estimated that Gala could exceed $0.15 per coin.
- By 2030, Gala could reach a maximum price of $0.88, according to Price Prediction.
- Factors that influence the price of GALA include the popularity of NFTs, blockchain gaming, and the metaverse.
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Other Crypto Price Predictions
FAQs Gala Price Prediction
What Is Gala Coin Crypto?
Gala is the token created by Gala Games and can be used on any of the blockchain games they have to purchase in-game items in the form of NFTs. The Gala token can also be earned by running a node and holders of the token can participate in the governance of how games are developed.
Is Gala Crypto A Good Investment?
With an ROI of 2700%, it is strongly suggested that Gala is a good investment. Most price forecasters do not believe that Gala will decline in value in the future.
What Will Happen To The Price Of Gala In 2023?
While no one expects the price of Gala to decline in 2023, there is a possibility that it could hit lows of $0.038.
Will The Price Of Gala Go Up In 2023?
According to most of the experts, GALA will go up in 2023 and could potentially reach $0.07.
What Will Happen To The Price Of Gala In 2025?
In 2025 Gala price will continue going up and could even surpass $2.
Will The Price Of Gala Go Up In 2025?
Yes, Gala price will go up in 2025. According to our prediction, GALA might reach a high of $0.16 in 2025.
Can The Gala Coin Reach $1?
Gala will likely reach $1 in 2031 at the earliest according to Price Prediction and could even hit $1.31.
What Will Gala Coin Be Worth In 2030?
By 2030, Gala will be worth up to $0.88 at the highest, according to Price Prediction.