This Gala crypto price prediction shows that the opinion of respected crypto experts and technical-based analysis combined predict that the long-term forecast of this gaming-based platforms native GALA token has the potential to rise to over $4 per coin between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy GALA Coin.
“We stand upon the precipice of change. The world fears the inevitable plummet into the abyss. Watch for that moment… and when it comes, do not hesitate to leap. It is only when you fall that you learn whether you can fly.”– ‘Dragon Age II’.
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News about Gala
- Cryptocurrency Gala Rises More Than 47% In 24 hours
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From finance to logistics, blockchain technology has a seemingly infinite amount of use cases that continue to grow. One of the most popular niches which are growing fast is that of gaming. Alongside other crypto projects like Sandbox and Decentraland, Gala is an up-and-coming name in the decentralized gaming sphere.
A relatively new crypto token on the market, it hit the markets in September of 2020. But it didn’t take long for Gala crypto to prove itself on the markets. This month it hit two new all-time highs leading to a surge in new investors seeking to make a potentially lucrative ROI.
But are you wondering if it’s too late to start investing in Gala? You’re not alone, many people are curious about whether investing now is a good idea. I was one of those people until I began to use a range of factors to research the future price of this digital asset such as:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
- New investors
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in Gala. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months, demonstrating that demand is very high.
But what does the future hold for investors who get on board now? Will it rise even further? Our Gala crypto price prediction aims to answer all. But first, let’s start with just what this decentralized gaming asset is and how it works.
What is Gala cryptocurrency?
Slightly similar to Enjin Coin, the aim of Gala (GALA) is to allow gaming enthusiasts to have the chance to gain control over their in-game assets using blockchain technology. It was founded by a gaming company known as Gala Games.
Currently, Gala Games has an attractive portfolio of games available for users ranging from the likes of Spider Tanks to the awe-inspiring Echoes of an Empire. Whichever game users decide on, they can utilize the native GALA token to buy items, upgrades, and other items in-game.
Gala gamers can also use the native token to take part in the governance of how games are developed. Additionally, they can earn said tokens by running a node to secure the Gala network and validate transactions. In return, these node runners are also eligible to receive NFT rewards.
Unlike Bitcoin, the Gala Token is not capped and its supply is unlimited. It currently operates on the Ethereum (ETH) network and the Binance Smart Chain. By utilizing a range of blockchains, the token boasts three consensus mechanisms in the form of proof-of-work, proof-of-stake, and proof-of-storage.
Pros and cons
Like any decentralized project, Gala has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons.
|✔️ The price forecast for Gala is positive and could potentially have some nice rewards in store over the long term.||❌ It faces competition from similar blockchain gaming projects like Decentraland.|
|✔️ A unique addition to the niche of decentralized gaming.|
|✔️ Utilizes a range of blockchains to boast three different consensus mechanisms.|
Frequently asked questions about Gala
Do you still have questions about the native token of Gala? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about it to give you a better understanding of this gaming-based digital asset and its price potential.
Who uses Gala (GALA)?
The native GALA token of Gala is largely used by gamers who are active in the decentralized gaming space. It can be used to buy items, upgrades, and other items in-game as well as vote on various governance protocols put forward on the platform. Of course, the native token is also used as a store of value by those who trust that it will go up in value in the long or short term.
How does GALA gain value?
Like most cryptocurrencies, the value of GALA is largely driven by speculation in its current state. As more people discover the wide range of its uses, its value grows. Due to its array of innovative gaming-based benefits, support for it is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can Fantom FTM reach $5 per token?
Based on its recent price surges and innovative nature, it’s possible that FTM could hit the $5 milestone sometime in the long term. Technical analysis and expert opinion both agree that it could surpass that figure between now and 2025 and even surge past $10 per token.
Where do people buy, sell, and trade cryptocurrencies like GALA?
As well as the Gala platform itself, experienced crypto users can buy, sell, and trade GALA from several crypto exchanges. However, if you are a new investor, then we suggest using a brokerage like eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
Expert analysis of the Gala price potential
One of the best tools we can use to try and determine the potential future price of Gala is to analyze the opinions of unbiased crypto experts. Let’s delve into three estimated growth outlooks for various industry experts and analysts.
WalletInvestor’s opinion on the Gala crypto price prediction
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to Gala, they are very bullish. Over the long term, WalletInvestor predicts that the price could reach somewhere around $0.98 per token by the end of this year and over $2.12 by the end of 2025.
PricePrediction.net is pretty bullish on their Gala price outlook but not as much as others. Nonetheless, they expect the price to gradually increase over the long term. They predict it to reach up to $0.76 by the end of 2021, $1.86 by the end of 2023, and finally, a figure of $3.90 by 2025.
Another rather bullish expert analysis on Gala is Gov.Capital. They predict the price in 2021 to potentially finish the year at around $0.84 and go on to reach a price of over $2 by 2023. By the year 2025, they expect it to reach a figure of around $4.05.
So from well over its current ATH in the short term and over $4 in the long term, the overall expert analysis on the future price of Gala’s native token is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of this digital asset that aims to solve the blockchain trilemma?
Technical analysis of the Gala price potential
Now we move on to technical analysis to try and predict the future price of this innovative gaming-based digital asset. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
Gala Price Prediction 2021 – 2022
It’s predicted that by the end of 2021, the price of Gala’s native token could reach a potential price of between $0.68 and $0.76.
Gala Crypto Price Prediction 2022 – 2023
After starting 2022 at a possible price of up to $0.76, It’s predicted that by the end of the year, the price of GALA could reach a potential price of between $1.06 and $1.26.
Gala Price Prediction 2023 – 2024
After possibly starting the year at over $1 it’s predicted that by the end of 2023, the price of Gala’s native token could reach a potential price of between $1.51 and $1.86.
Gala Crypto Price Prediction 2024 – 2025
It’s predicted that by the end of 2024 and the start of 2025, the price of GALA could reach a potential price of between $2.26 and $2.63.
In summary, Gala Gaming provides a plethora of innovative decentralized gaming options for users to enjoy. Through its native GALA token, gamers have the chance to vote on governance protocols and buy in-game upgrades and items.
Its recent price surges to new all-time highs combined with positive outlooks from technical and expert analysis tell us that Gala could potentially be looking at a bright future ahead. Many keen investors are getting on board before the proverbial ship might sail.
Whilst many people can see the significant potential in Gala Gaming, there is a significant number of people who are wondering where to invest in this innovative investment for the long term. The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy Gala?
When it comes to investing in cryptocurrency, major exchanges are better reserved for the more experienced trader. For beginners, it’s recommended to use a trusted brokerage like eToro. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on crypto. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. Crypto is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of crypto and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.