This article was last updated on August 8, 2022
If you are a fan of video games and the GameFi crypto sector in general, you’ve probably heard of Gala. It is an innovative company looking to change the way we play games and pay for in-game items. The project brought a lot of attention to itself in 2021, and ever since then, people have been curious about it. In this article, we will be covering the part where people are wondering about the price of Gala in the future, thus allowing us to provide expert opinion on the topic of predictions.
However, we will be going over some technicalities, which is why we assume our readers know the basics of crypto. If you are new to the crypto world, we suggest checking out our dedicated article for crypto beginners. That’s the place where we cover all the necessary information you need to navigate easily through the industry.
We will be covering the technology behind Gala, their goals, price history, some intriguing topics, and, of course, our Gala price predictions for 2022 up to 2030. Without wasting any time, let’s get right into it.
Over the past week, the price of Gala (GALA) remained around $0.062. The circulation supply is 6.95 billion tokens. The market cap went up to $439 million.
Table of Contents
What is Gala?
Gala is a company that aims to fundamentally change the gaming industry. The team plans on doing so by giving control back of the games back to the players, as it used to be. Their main mission, according to their website, is to develop “blockchain games you’ll actually want to play” and feel good about it.
The reason behind this is quite simple. If you play video games, you probably know how much money people spend on in-game items and goods. Most of those are completely decorative and bring no value, while others put you ahead of other players by giving you an “unfair” advantage.
However, if your account gets banned for whatever reason, all of that can be taken away. Not only that, but even if you wanted to sell your in-game cosmetics, you won’t be able to. This is what Gala wants to change.
The company plans to reintroduce creative brain processes and thinking during games, by giving them control over their in-game assets. This means you can sell your in-game assets after purchase, even for a profit, depending on how you play and which game of theirs you are playing.
Players will be buying NFTs and influence the governance of games within the company’s ecosystem and across their games. They will be able to vote and influence what games should be funded, what games should be developed, etc.
The native token of the ecosystem is GALA (Gala with all-caps), which is what this whole article is dedicated to.
Price History & All-Time High (ATH)
The price history of a cryptocurrency is just as important as it is for any other type of asset. This allows you to understand its price evaluation, as well as what to expect. Not only that, but you will also know when the price is low enough to buy, or high enough to sell.
However, we must keep in mind that the current crypto market is not very exemplary of what it truly is. We are experiencing what some crypto experts believe to be a “Crypto Winter”. This is when the price of cryptocurrencies drops for an unspecified period of time, until the next bull run.
In this section, we will explore the price history of the token, as well as its performance. This will naturally transition to our price prediction/forecast section for Gala.
The GALA token was first launched back in September 2020, with a price evaluation of around $0.0008. Like any other token, most initial investors immediately sold their assets so the price went down to $0.0002.
This continued until December when we saw some movement and the year finished off with GALA being evaluated at $0.0014, which is a nearly 2x increase from its initial price of $0.0008 three months before.
2021 marked the most important year in recent crypto history. This is when the general public saw how easy it is to buy crypto and profit off of it. Not only that, but people realized how much utility there is to cryptocurrencies.
This is also when all crypto projects began being profitable for those who invested early. This applies to Gala as well. The start of the year is also when the bull run began for Gala.
However, the start was very slow. By September, the price of Gala raised to $0.02, which already was quite a lot when compared to the year before. Yet, this is when the real movement began. By the end of the same month, a single Gala token was evaluated at $0.11, which is more than a 100x increase since the official release of the token.
Things stagnated for a couple of months, until December when the price of Gala reached its all-time high of $0.71, which was a 7x increase in only 3 months.
Sadly, this marked the biggest spike in the history of Gala, as, after that, the biggest crypto market crash began. By the end of the year, Gala had a price evaluation of $0.45, which was not bad, but it was just the beginning of the bear run.
2022 is probably the worst year for crypto investors. Some have too much stored in crypto, which is why so many of them are super nervous. Those who understand the market see these prices and this opportunity as a “discount” and a period of accumulation. Yet, nothing is certain, which is why the crypto market is so risky, yet so rewarding.
With that being said, Gala’s bear run continues even today.
The current price of Gala is around $0.05-$0.10. We are giving such a big range because the price can change within a couple of hours or even minutes, every since Bitcoin dropped under $20,000.
Can GALA Reach $1
Gala is a project that comes with a lot of utility. This is what many investors love about it. Owners are optimistic about the development of the network, once the market stabilizes. That’s why so many believe the price will not only reach $1 but go beyond.
However, let’s think about it for a moment. The current price of Gala is around $0.05. This means it will need a 20x increase in order to reach a price evaluation of $1. With a current market cap of $398 million, this will result in a new market cap of more than $7.9 billion.
This is perfectly doable, which is why we believe Gala can reach $1. However, the results will not come anytime soon.
First, we need to see market stabilization. This will happen after the military conflicts in Europe get resolved. Until then, the market will proceed to be chaotic and bearish.
So when is Gala going to reach $1? We believe Gala can reach $1, but it will take at least 3 more years, or even 4 if we are being conservative.
Gala Price Predictions: 2022-2030
Our Gala price forecast approach will be a conservative one, while still remaining realistic. When doing a price prediction, we must take into consideration the many different aspects that can affect a token like Gala and the whole market.
For example, the military conflicts in eastern Europe are the main reason for the crypto market crash. It’s not only Gala holders that are wondering whether or not it is time to cash out, due to worries of escalation. Because of that, it is going to be the main factor we will be considering.
Following that, we will bring you our own opinion and realistic expectations, and even a table including the minimum price, average price, and maximum price of Gala.
Without further ado, let’s get right into our Gala price predictions.
For 2022 specifically, there are two things that can affect the Gala price more than anything. These would be the resolution of the conflicts in Europe or their escalation.
If things settle down, we can expect the price of Gala to go up to $0.25 or more. Keep in mind that this is a somewhat conservative future price for Gala.
On the other hand, if the conflicts further escalate, we can see an additional drop in the market. This will affect the price of Gala and it could go for around $0.15.
Things are similar with 2023, although the biggest factor here will be how adopted cryptocurrencies will be. Not only by people but also by jurisdictions and institutions.
We believe that the token will start regaining its past prime and go up to around $0.45 or even $0.50.
On the other hand, we could also see a market stagnation, which will lead to Gala being evaluated at around $0.30.
Assuming the market calms down a little, we will see only a slight change in the lower and upper ranges. That would be around a 20% gain or 10% drop in price.
The maximum price will be somewhere between $0.60 and $0.75, while the minimum should be around $1.65.
There isn’t much of a change, but we will need to wait and see what the Bitcoin halving will look like. There’s a chance it will strongly affect the crypto market.
The further we get away from the current time, the more speculative we will be getting. By 2025, we’d hope to see even more adoption of cryptocurrencies. This will be great for literally every token out there that has utility.
Those without utility will surely disappear, as we can see by viewing historical data.
We can expect Gala’s price to reach anywhere from $0.79 up to $0.88 if we are being more optimistic. However, many believe it will have broken the $1 by then, although we do not see how that’d happen.
Nevertheless, we need to make sure to keep the price conservative, which is why we will go with $0.83~.
2026 will just further prove whether or not the cryptocurrency market will see greater adoption. We certainly believe it will. Because of that, we can expect the price of Gala to be strongly supported at around $0.95 while reaching the highest price of $1.1.
This is our price prediction for Gala for the first year of the second half of the decade.
The greater the adoption of cryptocurrencies gets, the higher the prices will go. That’s because the overall cryptocurrency market cap will proceed to increase. Promising crypto projects such as Gala will definitely follow the example of the mass.
At that point, we can expect to see Gala at around $1.15, with a potential to reach $1.23.
2028 won’t be too different than 2027. These years are overall great for long-term investors. Hopefully, financial institutions will also want to work hand-in-hand with the crypto space.
Here, we should already have strong resistance levels at around $1.25, while the price can even go as high as $1.40.
At this point, we must mention that our conservative approach might not last. That’s because by 2028 we will see enormous cryptocurrency adoption by both jurisdictions and regular citizens. This will highly affect the price of any cryptocurrency, so at this point, we are simply guessing.
We won’t be surprised if there is some sort of stagnation at the end of the decade. For this reason, we will speculate that the GALA price will stay at around $1.75.
This would be a great accumulative opportunity because many will start to sell Gala due to a lack of volatility. The following year, we can expect a price rise, so let’s see what the beginning of the new decade potentially has in store for us.
For 2030, we will still remain realistic and conservative, however, we will take a different approach. Because it will be the start of a new decade, the most important thing will be whether or not cryptocurrencies get needlessly regulated or not.
If that happens, the price of most tokens will certainly drop. This will definitely include the current price of Gala at that time.
So how much will Gala be evaluated?
Well, we believe that there will be a maximum value/maximum price level for the average trading price of GALA at around $2 (although many truly believe it will break the $5 mark by that time).
However, the price of Gala could also drop big time and our price prediction might be completely off. At this point, our Gala price prediction will be around $0.10, which is just 2x above the current price of Gala. And in the worst-case scenario that Gala is forgotten, you can expect the price to go for only a couple of cents.
Our Opinion On Gala (GALA) Price Predictions
Given the Gala price today, we can make lots of speculations. However, when doing a price prediction or looking at one, you must stay completely aware that most of the time it is completely off.
Although we kept a strong conservative approach with our average forecast price, you should still take this prognosis with a grain of salt.
Gala is certainly a great project with huge potential, which makes us believe that it will survive throughout the years.
The GameFi crypto category is just getting started and Gala is already ahead of the competition by miles. We believe it is a project that will remain around for a while. The biggest problem that can occur is that a major gaming company starts dabbling into the world of crypto-oriented video games. This will outshine any other current crypto project.
Overall, although we believe Gala will certainly be bullish and we believe in our speculations, we can never be certain.
Is GALA a Good Investment?
At this point, you might be wondering – is Gala a profitable investment? Although this is not investment advice, we are willing to share our opinion. However, make sure to do your own research as well.
When looking at the crypto market, you will find a lot of projects who are looking to find solutions to problems that do not exist. Others will create problems in order to present a solution.
Gala is completely different than these projects as it is looking to simply include the best of the crypto world in enjoyable video games.
The project definitely seems to be a candidate for the top 20 cryptocurrencies by market cap. It has seized a specific niche and keeps expanding and developing it. We are eager to see what the future holds for projects such as Gala.
This, and much more, is why we believe it will be a success. We think it is going to be a great investment, especially in the long run. Yet, since anything is possible with the crypto market, things can change in only a couple of months, so make sure to pay attention to Nexo news if you decide to invest.
How To Buy Gala (GALA) – eToro
If you are looking for an easy way to purchase any crypto, eToro is the way to go. They have a wide range of token options for you to choose from. In this guide, we will instruct you on how to buy GALA on eToro, especially useful if you believe in our Gala price prediction/forecast:
- Create Your Account.
To start off, you will need an eToro account. It is quite simple to create one. You will need to provide them with personal documents proving your identity. However, it will take up to a couple of days for the dedicated department to verify your identity. Once that’s done, you will be allowed to trade on the platform.
- Link a Card.
Before you make any trades, you will need to link your card to use it directly. Linking your cards is better than using them directly for a couple of different reasons. The first one is speed – your transactions will happen faster and you won’t need to add any further card data. The second one is convenience and fast transaction times.
- Add Funds.
Now that you have your card linked, you can add funds to your account. Having funds ready ensures lightning-fast transactions, meaning there will be little slippage. In contrast, if you were to use a direct payment with your card, the price at which you purchase GALA will be different than the one you saw beforehand.
- Buy LINK.
Once your account is funded, you can easily trade fiat currency for GALA. However, you can also choose the amount of GALA you wish to purchase and save some fiat for other tokens. After choosing the amount of GALA you will need to confirm the transaction. Doing so will take your fiat and add LINK to your native eToro wallet and portfolio.
Gala is a remarkable network that will definitely be around for a while. Mainly because it is a leader of a whole niche in the face of GameFi/crypto gaming. It managed to easily combine the best elements of the crypto world with the amazing gameplay of numerous games.
The Gala platform already has games you can play, try out, and test, which just shows how serious the team behind the project is.
We believe it will keep on growing as a platform and a cryptocurrency. Its market cap will increase over the years, and it will definitely climb up the leaderboard.
That is also why we believe our conservative Gala price forecast is mostly accurate. If anything, we are probably undervaluing its future price. However, we always keep it conservative and realistic.
Of course, there’s always a chance to be completely off with a prediction, but projects like Gala are less risky than others. That’s because there’s a whole system supporting them, in addition to the amazing team of developers.
Overall, we will definitely be seeing more from Gala, which is why we will keep a close eye on its future development.