Gala Games is on the verge of becoming a Web3 gaming powerhouse, with numerous games — including iconic brands — in the works or already available. This rising Web3 gaming ecosystem could give mainstream platforms a run for their money — providing investors with lucrative returns in the process.
The following discussion will explore the basics of Gala Games and provide insight into where the price might be headed next.
What is Gala Games?
Gala Games was created by industry-leading game developers to redistribute value back to the players with the help of blockchain and Web3 technology. The project aims to build out a robust AAA-level gaming platform on the Ethereum blockchain, giving players unparalleled control, freedom and real-world rewards.
In early February 2023, Gala Games averages 1.3 million monthly active users. The platform offers multiplayer online battle arena (MOBA), real-time strategy (RTS) and role-playing game (RPG) titles. While the gameplay varies among titles, each game rewards players with digital assets including GALA crypto and non-fungible tokens (NFTs).
Gala Games Market Position
Gala Games’ market capitalization, calculated by multiplying the circulating supply of coins by the current market price per coin, is estimated to be $400 million. This value reflects the overall value of Gala Games in the open market and provides insight into its growth potential.
In the metaverse and gaming sector of the market, Gala Games is the sixth largest project — trailing ApeCoin (APE), Decentraland (MANA), The Sandbox (SAND), Axie Infinity (AXS) and Enjin Coin (ENJ), respectively. However, when considering the broader cryptocurrency market, Gala Games is relatively small, barely making its way into the top 100 cryptocurrencies by total market value.
Changelly’s Bullish Long-Term GALA Price Prediction
Changelly is an effective tool that is designed to provide projections for the future pricing of cryptocurrencies like GALA, among others. Despite providing a wealth of insightful information, it is important to note that predictions, especially for extended periods of time, are not always reliable.
The platform leverages historical price performance and artificial intelligence to offer a wide range of forecast data. Overall, the current data suggest that Gala Games’ price should increase over the next few years, although not without risk.
2023 Gala Games Price Prediction
Changelly predicts that Gala Games' price in 2023 will range from $0.072 to $0.084 with an average price of $0.074, representing a 20% return on investment.
2024 Gala Games Price Prediction
For 2025, the minimum price is forecasted to drop to $0.1 and the maximum to reach $0.12, with an average price of $0.11 which would result in a 90% return on investment (ROI).
2025 Gala Games Price Prediction
Changelly predicts that Gala Games' price in 2025 will range from $0.15 to $0.18 with an average price of $0.15, representing a return of over 150%.
2026 Gala Games Price Prediction
For 2026, the minimum price is forecasted to drop to $0.22 and the maximum to reach $0.25, with an average price of $0.22, which would result in an ROI of over 300%.
2027 Gala Games Price Prediction
For 2025, the minimum price is forecasted to drop to $0.32 and the maximum to reach $0.38, with an average price of $0.33, which would result in an ROI of over 450%.
2030 Gala Games Price Prediction
Despite being far in the future, Changelly also predicts a possible minimum price of $0.97 for Gala Games in 2030, with a maximum of $1.20 and an average price of $1, yielding an ROI of 1,600%.
Take these long-term predictions with caution as they rely on the continued relevance of Gala Games and the cryptocurrency market.
Where to Buy Gala Games
Gala Games can be purchased on reputable exchanges such as Binance (or Binance.US for U.S. investors) and OKX. These exchanges offer a wide range of purchasing methods, such as credit card transactions, swapping options and various trading pairs like GALA/USDT or GALA/BTC.
Before purchasing GALA through an exchange, compare the prices and features offered by each platform.
How Long Will It Take for Gala Games to Reach $1?
Despite displaying early signs of strength in early 2023, a $1 GALA token is still a pipe dream under the current macroeconomic climate. GALA and the overwhelming majority of altcoins are heavily affected by the performance of Bitcoin and the broader risk-on assets market.
It isn’t clear whether crypto’s eruptive start to 2023 will continue in the near future; however, most experts such as Benjamin Cowen, believe that the bull market could be revived by the end of 2023, setting the stage for GALA to increase in price. Despite being made by reputable market analysts, these predictions are purely speculative and need to be taken with a grain of salt. It is impossible to precisely foresee how prices will fluctuate in the future.
Another key catalyst to watch is the next Bitcoin halving, which is scheduled to take place in mid-2024. Historically, Bitcoin halving events have served as catalysts for the aggregate crypto market, causing prices to skyrocket across the board.
If the metaverse gaming narrative picks up steam accompanied by improved market sentiment in anticipation of the next Bitcoin halving, there is no reason why GALA can’t reach $1 by the end of 2024.
Where to Store Gala Games Safely
It is best practice to store your cryptocurrency in a self-custody crypto wallet. Not only do these wallets provide you with absolute control and autonomy over your crypto assets, but they eliminate the risk of massive hacks and the perils of mismanagement inherent in centralized exchange platforms.
You can choose from two broad categories of crypto wallets — software and hardware wallets. Hardware wallets safeguard your keys through offline storage and are widely regarded as the apex of security in the world of cryptocurrency. Because of their offline nature, hardware wallets add an additional layer of protection from malicious cyber attacks. Conversely, software wallets, connected to the internet, bring forth heightened levels of convenience and accessibility but at the cost of reduced security.
Best Hardware Wallet: Tangem Wallet
The Tangem Wallet is a game-changing hardware wallet that removes the risk posed by seed phrases. Boasting compatibility with 100+ decentralized applications (dApps) and support for over 2,000+ different crypto assets, this revolutionary hardware wallet is spearheading a new era of ease of use and security.
By combining a physical card and mobile application, the Tangem wallet provides users with unparalleled levels of security and convenience. The physical card, which serves as a repository for the private key, is dependable and secure.
Best Software Wallet: Trust Wallet
Trust Wallet stands tall as one of the leading software wallets in the crypto industry, providing crypto enthusiasts with a secure way to store, trade and collect a vast assortment of crypto and NFTs. Snapped up by Binance in 2018, Trust Wallet has garnered the trust of millions of users worldwide, offering seamless access to a wide range of 250,000+ crypto assets spanning 65 blockchains. Trust Wallet is a premier choice for investors of all sorts.
Current Crypto Prices
The cryptocurrency market is notorious for its manic volatility, marked by extreme price fluctuations in brief time spans. This innate instability is a primary result of the speculative nature of the space — market sentiment heavily influences price action. To exercise sound investment decisions, astute investors will regularly monitor prices on a daily or weekly basis, remaining informed about the latest developments in the space. Presented below is a table
that displays the most recent crypto prices.
So, Is Gala Games a Good Investment?
Gala Games is a promising metaverse gaming project that is positioned well to continue growing in the coming years. If the team can continue to execute and grow the ecosystem, there is no telling where the price of GALA could go.
However, despite the promise, it is important to understand that cryptocurrencies are inherently risky investments because of their speculative nature and uncertain regulatory future.
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