In this educational guide, we’re going to explore the altcoin and blockchain named Gala (GALA). We’ll cover its fundamentals and planned roadmap, so you can use it to make your own price prediction.
Gala is a token that is a part of the blockchain gaming sector in crypto. Gala Games is a play-to-earn game development company that is building a robust gaming ecosystem which uses blockchain technology.
What is Gala and how does it work?
Players using Gala are able to own their own in-game items in the form of NFTs which can be traded on secondary markets. This full ownership model was the intention of the creator of Gala Games, Eric Schiermeyer and Michael McCarthy. This is in contrast to the popular free-to-play or pay-to-play model of popular games in years past such as Fortnite, where gamers leased in-game items from the developer.
The two founders noticed an opportunity with play-to-earn gaming that allowed developers to give more control back to users and flip the traditional gaming economic model on its head. Its founders have experience in major companies like MySpace and Zynga.
Gala Games places decentralization as a high priority even so much that its token distribution follows only an organic release model to prevent high ownership from insiders at inception. Thus, Gala relies on Founder’s Nodes, of which there are a max of 50,000, to remain a decentralized network. All Founder’s Nodes contribute to the upkeep of the Gala network and to give players real ownership of their assets.
Gala is currently developing its own native proprietary blockchain, called GalaChain. It is also focused on growth via the acquisition of partnerships and successful gaming studios. Moving gaming and network activity over to GalaChain from Ethereum has the potential to significantly reduce network fees and create higher transaction throughput due to Ethereum's current scaling issues.
Recently, Gala launched its first game-specific node called the Town Star Node in November of 2021. The month after, Gala launched its Blockchain Gaming Fund alongside C2 Ventures. This is a $100M fund to bolster the development of blockchain games.
The GALA token currently exists as both an ERC-20 token on the Ethereum blockchain, as well as a BEP-20 token on the Binance Smart Chain. It has plans to migrate to its own native blockchain in the future.
Using the GALA token for payments, players can make in-game purchases and trade in a peer-to-peer fashion. The token powers the in-game economy across all of the games in Gala’s ecosystem, and incentivizes node operators for facilitating upkeep of the network.
The initial distribution of the Gala token happened through a fair launch. There was no premine, presales, or easy access to the GALA token for any party. The node network itself contributed to the distribution. GALA tokens are distributed daily to Founder’s Nodes that have operated for at least the required time in each cycle as of today.
Gala (GALA) Price History & Technical Analysis
As of the time of writing, in April 2022, the price of GALA is at $0.2185, with a market capitalization of $1.5 billion USD.
The total value of Gala’s network grows as the games and players on the Gala network grow, which would also lead to greater use of the Gala token for payments for in-game items and more. As there is more activity on the GalaChain to come, there will be greater need for node operators and rewards for them in turn, and the total value of the network will increase.
Metcalfe’s Law states that the value of a network is directly related to the number of users of that network.
What Expert Analysts say about Gala:
- Wallet Investor says, “according to present data Gala (GALA) and potentially its market environment has been in a bullish cycle in the last 12 months (if exists). Our Ai cryptocurrency analyst implies that there will be a positive trend in the future and the gala might be good for investing for making money. Since this virtual currency has a positive outlook we recommend it as a part in your portfolio.”
- CRYPTOPOLITAN says, “In 2022, GALA will have a promising future. GALA may soar to new heights due to the continuing changes in the crypto market and inside the GALA ecosystem.
The bullish price projection for GALA in 2022 is $0.34. If investors conclude that GALA is a worthwhile investment in 2022 along with popular cryptocurrencies like Bitcoin and Ethereum, as previously said, it may even hit its new ATH.
In 2023, Gala’s price is expected to fall to a minimum of $0.41. Throughout 2023, the Gala price might rise to a high of $0.50, with an average price of $0.42.”
- DigitalCoinPrice gave a bullish GALA coin price prediction seeing its value reaching $0.31 by the end of 2022, jump to $0.46 by December 2025 and surpass the $1 value at $1.19 by the end of 2030.
Gala Games has a few notable partnerships and it’s also important to understand the scale and range of its gaming offerings. Games currently on Gala include Town Crush, Superior, The Walking Dead Empires, Legends Reborn: Age of Chance, Spider Tanks, Townstar, Mirandus, Legacy, Last Expedition, Echoes of Empire, and Fortified.
Recently, Gala also teamed up with the gaming art maker Concept Art House and Frank Miller to produce NFTs based on the Sin City Franchise. Gala also has a promotional deal with Brave, the maker of the privacy-focused Brave web browser.
It is also expected that there are partnerships proposed with more companies such as Under Armour and AMC. Binance, a major Tier-1 exchange, announced it would list the GALA token in Sept 2021.
Snoop Dog has partnered with Gala Games to bring his music as well as commemorative NFT items on the platform. AMC recently announced a partnership with Gala Games to release a set of Walking Dead VOX NFTs.
Gala Price Prediction: 2022-2026
After launch in the fall of 2021, Gala’s price saw extremely bullish price action due to the prominent metaverse and blockchain gaming narrative of the time, of which Gala was a part.
Gala’s price skyrocketed with extreme market interest in November of 2021, reaching a peak of above $0.80 with the bull run at the time. It then collapsed in January of 2022 and has since stayed below $0.40.
Gala is a new token and does not have much price history to compare itself to. It is doubtful to see Gala’s price going far above $2 very soon, but anything can happen, and its market capitalization is still relatively small, at less than $2 billion USD.
It’s uncertain to say when investors can expect the previous all-time-high to be breached, or whether a greater economic contraction will occur that leads to overall losses in the cryptocurrency markets. If a contraction occurs and the GALA price loses the $0.15 area that held as support in January of 2022, we expect it to take even longer for a new high to be reached. Otherwise, we expect new highs to happen sometime before 2024, with investors and traders getting in as close to $0.20 to invest in GALA being the best off.
Gala Price Prediction 2022
Some analysts predict that Gala will see beyond its previous all-time high during 2022 itself, but this is dependent on the overarching blockchain and crypto gaming narrative and price trends. It depends on whether the crypto market resumes its bullish price action, as well as continued partnerships Gala involves itself in as a project, and more.
Gala Price Prediction 2023
With the growing trend of shifts in ownership that Gala is pioneering, more and more gamers, users, and investors alike may be drawn to using decentralized blockchain gaming play-to-earn ecosystems like Gala. If this happens, this will surely contribute positively to the GALA price.
In this case, we expect to see the GALA price to reach above $0.80-0.85 again by 2023, provided the overall cryptocurrency markets and economy does not lose steam. It can even see as high as $1-$2 by 2023 in this case.
Gala Price Prediction 2024
The overall growth of the cryptocurrency markets may contribute to Gala’s growth as well in addition to the greater trend of blockchain gaming and the play-to-earn trend happening that players are taking advantage of all over the world.
Gala Games will also have even greater expanded partnerships by this time to aid this usage, as well as more in-game products, NFTs, and games itself on the platform. Its GalaChain native blockchain should be fully functional and launched by this time, promoting higher throughput and lower transaction fees than are possible on Ethereum, which will bring more usability to Gala.
The market capitalization alone remains at only $1.5 billion in April 2022, and a reasonable 5-10x to reach $7.5-11.5 billion in market cap by 2024 would put the GALA price at $1.05-$2.1 price range or higher by 2024.
It’s not unreasonable to see Gala hit these prices by 2024 with continued game expansion and development. Of course, this is also provided the overall crypto market remains bullish and we can avoid an economic downturn and bear market overall.
Gala Price Prediction 2025
2025 is still far away at the time of this writing. The continued usage trends and developmental challenges in blockchain and especially gaming itself are uncertain to extrapolate that far out. However, the growth of in-game assets and gaming as a whole are not expected to slow.
We predict we will see Gala at $2.5 or above by 2025.
Gala Price Prediction 2026
The crypto market overall could be worth $10T or even as high as $15T in total market capitalization by 2026. Depending on regulations and the overall economic cycles of the economy, we may see Gala as high as $2.5-$3.0 by 2026.
None of these predictions are financial advice, and are educated guesses as to where Gala’s price may be at each time interval. It should be noted that any black swan events such as a catastrophic failure in its anticipated native GalaChain blockchain, the hack of in-game NFT items, financial issues with the Gala Games company, a cease in development, or other black swan events could impact these predictions significantly.
Gala (GALA): Conclusion Price Prediction
Gala is a potentially great investment choice for the blockchain gaming and play-to-earn (P2E) sector in crypto. Investors who are closely following the growth of P2E gaming in crypto would be well-advised to watch the partners and games Gala Games brings on and how its price responds. As Gala develops its own native blockchain and onboards more players as well over time, the GALA token should see growth.
It’s clear why GALA is a top gaming token choice for any investor who believes that the ownership model of gaming is changing and in-game NFT assets are poised to take over in the coming years. If Gala becomes a leader in the space, its present-day market capitalization of only $1.5 billion as of April 2022 is still a steal.
Some may be hesitant to commit their money into an asset for an extended period of time due to the extreme volatility and risk of the cryptocurrency markets. However, it’s very likely that Gala will continue to be a lasting cryptocurrency alongside other top gaming coins.
How is Gala gaining traction?
Gala is gaining traction thanks to it being a prominent blockchain gaming token being developed by strong leadership from Zynga and changing the play-to-earn gaming model to give users more control over their assets. Gala is also partnering with top names such as AMC and Snoop Dog to raise awareness of its gaming solutions, and developing its own blockchain called GalaChain.
Investors and market participants are interested in its coin, GALA, due to this and the overall trends of the blockchain gaming and NFT industry. Because the overall market believes in the technology Gala offers, the price continues to hold so far and should do well over the long term.
Where can I Buy Gala?
GALA, the coin, can be bought and traded on many exchanges including Binance, Huobi, Coinbase, Gate.io, KuCoin, FTX, and even Gemini. This means that both US and international investors can invest in GALA.
In comparison to other cryptocurrencies, how can Gala secure privacy?
Gala does not secure privacy in any form, especially in comparison to other cryptocurrencies or blockchains that are especially known for securing privacy, such as Monero.
Any party concerned with full financial privacy should understand that the GALA token functions on the public Ethereum and Binance Smart Chain blockchains and it is easy to identify the user with blockchain forensics.
Is it possible to stake Gala?
No, at the time of writing, it is not possible to stake Gala.
Why is Gala on the rise?
GALA is on the rise thanks to the growth of the Web3 and blockchain gaming ecosystems that are bringing more players to play-to-earn models of gaming. Since Gala has leadership from prominent individuals and is already forging strong partnerships, this has brought a lot of interest to Gala since its launch.
Is Gala completely anonymous?
No, Gala is not an anonymous blockchain. It is part of the public ledger that is the Ethereum and Binance Smart Chain at this moment.
Is GALA considered a currency?
Yes, the Gala token is used for payments in its in-game economy for its games as well as to pay node operators. Players can also use the Gala token for purchases and for trading.
Is it possible to generate profits with Gala?
Yes, assuming the GALA token increases in price over time with the continued development of the GalaChain blockchain, its game offerings, expanded partnerships, the value of the network and its token in turn will increase.
However, this is not guaranteed due to other factors that can affect the investment and the overall cryptocurrency markets.
All investors must do their own research, due diligence, and ensure that they are comfortable with the amount of risk they are taking. All cryptocurrencies are extremely volatile and risky. Always proceed with caution.
Why do people believe in Gala?
Many analysts and investors believe that Gala is flipping the old ownership model of gaming on its head to one that is now giving players and in general owners of all digital items a say in their ownership instead of being exploited for profits by companies only.
As Web3 and blockchain gaming grows, Gala’s in-game economy will only grow larger and see more users and players.
Is Gala supply limited?
No, the GALA token supply is not limited.
How does the Gala team investigate suspicious or fraudulent transactions?
It is not clear how the Gala Games team investigates suspicious transactions. Any fraudulent or suspicious activity can be noted either on Etherscan for the ERC-20 token, or on Binance Smart Chain for the BEP-20 token, since they are both public ledger. As for outright fraudulent transactions or illicit criminal activity, Gala Games may play a role in investigating with law enforcement.
This is not financial advice, only observations and speculation. All investors should do their own research and due diligence. The crypto markets are extremely volatile and losing your investment is possible.