Gala Price Prediction 2024 2025 2030-2050: Is Gala a Good Investment?

This article is about Gala Games and GALA crypto. It goes into the most important aspects of the project, such as how it functions, its rivals, the development roadmap, and so on. What is more, the article looks at the various market indicators of the GALA cryptocurrency as well as its future prospects.

Disclaimer: SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

GALA Overview

What Is Gala (GALA)?

Gala is a blockchain-based platform that was created to disrupt the traditional gaming industry by introducing blockchain technology and decentralized applications (dApps) into the gaming and entertainment sphere. 

The Gala ecosystem includes:

1. Gala Games. It provides a platform for game developers to create and launch games. These games often incorporate blockchain technology, non-fungible tokens (NFTs), and decentralized finance (DeFi) components. 
2. Gala Music. On this platform, users can listen to both new artists and well-established ones, as well as buy songs and stream them for others to earn rewards. It also features the All Access store, where listeners can purchase merchandise, experiences, etc.
3. Gala Film. This part of the ecosystem features the Watch and Earn ecosystem, similar to Music. The users can purchase and stream the films they like to earn rewards. 

So, what is GALA? This is the native utility token of the Gala Games ecosystem, an Ethereum-based ERC-20 token. GALA tokens serve several purposes, including buying in-game assets and NFTs, participating in governance decisions within the ecosystem, and staking for various rewards. 

One of the core principles of Gala products is user ownership. For example, in traditional games, in-game assets and items are usually owned by the game developer or publisher. In Gala Games, players can truly own their in-game assets as NFTs for instance, tools, accessories, skins, weapons, etc.), which means they can trade, sell, or use these assets as they see fit.

Another issue that the team is trying to solve is the fact that many games and entertainment services work on the subscription model leading to high payments with the users. To disrupt this model, Gala created a platform with lots of free-to-play games that feature the play-to-earn (P2E) model where users are rewarded for being active in the games with crypto.

In February 2022, Gala Games launched its proprietary blockchain for its gaming ecosystem, called Project GYRI. This blockchain was designed to provide faster transactions, reduce environmental impact, lower network fees, lower minting costs, ensure interoperability within the Gala World, and facilitate transferability to and from Ethereum.

In order to make our Gala price prediction as accurate as possible, we will look at various details connected to the project itself, as well as to the team behind it.

Gala’s rivals

The P2E model is not new to the Crypto World, there are several other projects that employ it, for example:

1. PlayDapp (PLA). This is a blockchain gaming platform and ecosystem that focuses on creating and offering blockchain-based games. The platform aims to combine traditional gaming experiences with blockchain technology, enabling players to have ownership of in-game assets and potentially earn cryptocurrency rewards through their gameplay.
2. The Sandbox (SAND). The Sandbox is a user-generated content platform and a virtual world that allows players to create, own, and monetize their gaming experiences on the blockchain.
3. Axie Infinity (AXS). Axie Infinity is a popular blockchain-based game that allows players to collect, breed, and battle fantasy creatures called Axies. It has gained a large user base and is known for its play-to-earn mechanics.

We should note that the crypto sphere is actively developing and new projects connected to decentralized gaming constantly appear. It is necessary to always keep up with the news to stay aware of all the current developments and trends. 

The Foundation of Gala

Gala Games was co-founded in 2019 by three entrepreneurs. Eric Schiermeyer is renowned for his role in co-founding Zynga (an American game-developing firm) and bringing popular games like Farmville and Mafia Wars to life. Schiermeyer joined forces with Michael McCarthy, the Creative Director behind games like Farmville 2, and Wright Thurston, a pioneer in the cryptocurrency mining space, the stage was set for the venture.

In 2020, Gala Games marked its introduction into the gaming industry. Among its initial offerings was "Town Star," a straightforward yet intricately designed farming simulation game. Gala Games' approach to integrating NFTs within its games became a defining characteristic of its subsequent game releases.

When the company launched its own blockchain at the beginning of 2022, it gave the Gala team the opportunity to expand to music and films, the two directions that are being actively developed currently. 

Operating as a US-based entity, the company's journey has been punctuated by notable achievements, including strategic partnerships with Flare, Bitrue, Ember Games, AMC, and other market players. 

In September 2023, the team made an official announcement regarding two lawsuits between the company’s co-founders. Eric Schiermeyer, Gala Games' CEO, alleges that Wright Thurston and his firm, True North United Investments, unlawfully appropriated approximately $130 million worth of GALA tokens linked to the Gala Games ecosystem. In response, Thurston's lawsuit accuses Schiermeyer of mismanaging and misappropriating millions of dollars in company assets, including the misuse of Gala's funds for personal purposes. 

How do Gala Games work?

Gala Games operates on a system that has its native cryptocurrency, GALA, at its center. The initial issuance of GALA tokens occurs as Node rewards, with a 50:50 split between Founder's Node Operators and the Gala Conservativeship. The maximum total supply of $GALA is capped at 50 billion.

The daily emission of GALA is contingent upon the circulating supply and varies dynamically based on ecosystem activity. GALA emissions are reduced through actions like burning within the Gala Games ecosystem or other ecosystem-supporting activities, such as specific NFT purchases. Emission tranches dictate daily distributions to Founder's Nodes based on the total supply, creating a responsive supply model to ensure long-term ecosystem rewards.

The GALA token serves as the gas token for transactions on Gala Games' Layer-1 blockchain, GalaChain. As part of this utility, $GALA is systematically burned during ecosystem transactions, reinforcing its scarcity.

The Gala Games ecosystem is sustained by a network of 50,000 Founder's Nodes operated by licensed individuals. 

Gala token functions

The Gala token, as we have mentioned before, is crucial for the ecosystem’s functioning, therefore it has several important functions.

Nodes reward 

Gala Games relies on a network of 50,000 Founder's Nodes. Their operators play a key role in the system, receiving a share of the daily GALA token distribution, provided their nodes meet the minimum required activity criteria over a 24-hour period. 

Additionally, active Founder's Node operators may receive a portion of newly minted NFTs within the gaming ecosystem on a random basis. This highlights the decentralized and inclusive nature of the network, where the collective contributions of operators are vital for the platform's success. The Gala Games ecosystem also involves various nodes dedicated to specific tasks, such as game servers and music players, each serving a crucial function in maintaining the platform's operations.

In-game currency 

GALA is used as an in-game currency within the Gala Games ecosystem, enabling players to make purchases, transactions, and trade for in-game assets such as NFTs. 

Moreover, GALA serves as the gas token for all transactions within Gala Games' Layer-1 blockchain, GalaChain, meaning that it is used to pay transaction fees, reinforcing its utility and value within the ecosystem.

Governance

GALA gives token holders the ability to participate in key decisions and proposals related to the platform's development. Token holders can vote on matters that influence the direction and policies of Gala Games through the Gala Games Node software. 

There is a new government proposal that introduces the concept of 'Lifetime Points' to promote decentralization within the ecosystem. It suggests a logarithmic function that rewards users for operating multiple nodes, encouraging decentralization while ensuring smaller operators are not disadvantaged.

Gala Development Roadmap

The team has released their plans for 2024. The main points include:

• Web 3.0 Entertainment Focus: Gala Games is aiming to fully embrace Web 3.0 entertainment, leveraging blockchain technology to revolutionize games, music, and films. They seek to create a more immersive experience for users and disrupt traditional entertainment industries.
• Game Development: Gala Games has partnerships with renowned game developers and is working on 28 titles, emphasizing creativity and player satisfaction. Their "play-and-own" model allows players to keep their winnings and influence game direction.
• Music Integration: Gala Games plans to integrate music into their blockchain games, offering artists more control and fans better access. They aim to create a decentralized music platform called GoGalaMusic.
• Metaverse and Films: Gala Games intends to release at least 10 titles through Gala Films, spanning various genres. They're investing in the metaverse and films to offer unique experiences and ownership rights to users.

In general, going forward, the Gala Games roadmap suggests intensifying efforts in the mobile gaming space, aiming to make web3 accessible to a broader audience by incorporating blockchain elements into games. 

Where and how to buy Gala crypto? 

If you would like to purchase GALA crypto having read our price prediction, you can do so by using SimpleSwap. Here is what you need to do:

1. Select the cryptocurrency you would like to swap (for instance, BTC).
2. Enter the amount you want to exchange.
3. Choose GALA in the second drop-down menu (as the cryptocurrency that you want to get). There, you will see the estimated amount you will receive after the exchange is finished.
4. Click the Exchange button.
5. Enter the Recipient's Address. GALA will be sent to this address. Make sure that you enter the correct address.
6. Create the exchange.
7. You will see the BTC deposit address. You have to transfer the stated amount of BTC to this address to start the exchange. Next, wait for the tokens to reach your wallet.
8. After the exchange is finished, you will have GALA tokens. Similar instructions apply for purchasing other cryptocurrencies. 

Gala Price Chart

Here is the current price of the GALA crypto:

*The information is relevant as of March 21, 2024

Gala Price Technical Analysis

The technical analysis of Gala (GALA) indicates the formation of a descending triangle on the daily timeframe. The recent price movement saw a rebound from the resistance level formed by the descending trend line. This test of the trend line aligned with a resistance level at $0.035.

Presently, GALA is trading below the point of control level and just below the 200-day moving average, suggesting a potential for a short-term price decline. The RSI indicator on the daily timeframe is currently in the neutral zone. Here our article on trading channels strategy might come in handy.

GALA Technical Analysis. Source: TradingView

Gala Price Forecasts Comparison

As of March 21, 2024, there are several sources that have shared their views on the Gala crypto forecast. Here are some of them:

• Coinpedia.org:

“As per the formulated price prediction of an expert panel, GALA’s price could hit a potential high of $0.014. If the project seeks assistance from developments and collaborations. In contrast, factors like a prolonged bear run could spiral the price down to $0.09.”

• Bitcoinwisdom.com:

“The long-term price of GALA has been positive as the token increased to an all-time high of $0.8. The coin has grown in value from its creation in 2019 to $0.0015. Following this price point, the token dropped as low as $0.0002 before rising to $0.003 in price.”

• Priceprediction.net:

“In terms of price, Gala has an outstanding potential to reach new heights. It is forecast that GALA will increase in value. According to specific experts and business analysts, Gala can hit the highest price of $0.7275 till 2030.”

To see these platforms’ predictions clearer, we made a comparison table with annual averages:

Let’s compare these Gala coin forecast options.

According to Coinpedia.org, GALA crypto is anticipated to reach $0.115 by 2024, showing a modest increase from its current valuation. The projection for 2025 stands at $0.146, indicating a steady growth trajectory over the next few years. Looking further ahead, Coinpedia predicts GALA to potentially surge to $0.518 by 2030, reflecting a bullish long-term outlook.

Conversely, Bitcoinwisdom.com offers slightly differing forecasts, with a projected value of $0.127702 for GALA by 2024, followed by an increase to $0.185749 by 2025, before a slight dip to $0.475982 by 2030. These projections suggest a relatively stable performance in the short term with some fluctuations in the long term.

On the other hand, Priceprediction.net presents a more conservative estimate, forecasting GALA to be priced at $0.0709 by 2024, gradually increasing to $0.1031 by 2025, and experiencing a notable surge to $0.6611 by 2030, indicating a more optimistic long-term outlook compared to the other sources.

Overall, while there may be some variance in predictions, GALA crypto appears to have promising potential for growth in the coming years, with differing perspectives on its trajectory. These price predictions are valuable reference points for investors, but it is important to recognize that the cryptocurrency market is influenced by various factors, and price movements can be highly unpredictable. It might be useful for crypto investors to get a more comprehensive understanding of how to perform crypto trading and how crypto charts may aid in that.

Gala (GALA) Price Forecast 2024, 2025, 2030, 2040, 2050

This section is dedicated to Gala Games price prediction until 2050. Please note that these numbers can differentiate depending on the market conditions as well as the project’s inner processes.

Gala coin price prediction 2024

If a bullish market prevails in 2024, GALA has the potential to experience a value increase. A significant bullish signal for the asset would be the breach of the upper border of the triangle, which functions as a resistance level for GALA. The projected price for GALA in 2024 is $0.073, representing a potential increase of 231% from the current price.

Gala crypto price prediction 2025

In 2025, GALA is anticipated to maintain a positive trajectory. The asset's price could potentially reach $0.295, driven by positive sentiment in the crypto market and an increase in new users within the Gala Games ecosystem.

Gala crypto price prediction 2026

Our Gala coin price prediction 2026 states that it might reach a price of $0.399. The asset's consistent appreciation is a reflection of Gala Games' dedicated efforts in mobile gaming and blockchain integration, making GALA a focal point in the ecosystem.

Gala coin price prediction 2030

Looking ahead to 2030, GALA shows significant potential for growth, potentially surpassing its previous all-time high and reaching a price of $1.2. This substantial growth highlights the coin's long-term potential, driven by Gala Games' innovative projects and the adoption of GALA as the primary gas token on their blockchain. The continued development of GYRI is set to address the challenges of high gas fees, making GALA a valuable asset.

Gala token price prediction 2040

In 2040, the coin is forecasted to achieve a remarkable price of $2. The team's commitment to innovation and GALA's expanding use cases contribute to this substantial growth.

Gala crypto price prediction 2050

By 2050, we may witness GALA reaching $3.5, reaffirming its role as a promising cryptocurrency with a bright future. 

Please note that these price predictions are meant to be reference points, but various factors, influence the cryptocurrency market, and price movements can be highly unpredictable. Investors should consider their investment goals, and risk tolerance, as well as conduct thorough research before making any investment decisions in the volatile cryptocurrency market.

A Historical look at GALA's price:

Here, we are comparing GALA price over the years.

Gala/USD Pair

Gala/EUR Pair

Gala Correlation

Gala crypto correlates with several other projects including, for example, BNB, Stellar, and others.

Positively Correlated Currencies

Negatively Correlated Currencies

What affects the price of Gala?

Market sentiment plays a significant role in determining Gala future price, with positive news and developments boosting demand. GALA's adoption within the ecosystem, including in-game transactions, staking, and governance, can also impact its value. Gala Games' own initiatives, partnerships, and game releases, as well as changes in tokenomics, like burning tokens or staking mechanisms, are crucial drivers. The performance of the Gala Games blockchain (GYRI) and competition from other blockchain gaming platforms can further sway GALA's price. Regulatory changes, broader market trends, investor speculation, and economic events also contribute to its volatility. Our Analytics team goes more in detail into the overall topic of influence of macroeconomic factors on the crypto market here.

Should you consider buying Gala?

Gala Games is an interesting project that is worth consideration for investors. Firstly, GALA has utility within the Gala Games ecosystem, serving as a primary in-game currency and gas token for transactions on the Gala blockchain. This utility can drive demand as the Gala Games ecosystem grows.

Secondly, the Gala Games team has been actively expanding the platform, partnering with various companies, and intensifying the efforts in the mobile gaming space, aiming to make blockchain gaming more accessible. These strategic moves could increase GALA's adoption and value.

However, it is essential to note that investing in cryptocurrencies carries risks, and potential investors should conduct their research and consider their risk tolerance before purchasing GALA.

Conclusion: The future of GALA

In conclusion, the future of Gala coin and the project overall holds promise and potential for growth. With a strong focus on mobile gaming, GALA tokenomics, blockchain development, and growing crypto adoption, Gala Games has positioned itself well as a player in the blockchain gaming space. While there are challenges and uncertainties, the team's dedication to innovation and community engagement suggests that Gala Games has exciting developments on the horizon. As they continue to expand their ecosystem and adapt to market trends, Gala Games may well play a significant role in the evolving landscape of blockchain gaming.

Gala Price Forecast FAQs

In this section, we will answer some of the questions users oftentimes have about GALA.

Is Gala crypto a good investment?

Gala Games holds a significant potential for growth in the future. However, a lot depends on the investment goals for each individual, as well as market conditions for crypto going forward.

What is the price prediction for Gala in 2025 bull run?

Our prediction states that in 2025, GALA will be worth $0.295.

How high can Gala coin go?

Many experts agree that the price of Gala coins will increase with time. Our Gala price prediction 2050 states that it will cost about $3.5.

Can Gala coin reach $50?

Given the market conditions are favorable for crypto and blockchain gaming in the future, Gala coins might increase in price significantly. However, with the current price of Gala crypto, reaching the $50 mark probably will not happen soon.

Can Gala coin reach $10 dollars?

With favorable market conditions for crypto, the coins have the potential for such growth, but since our Gala long term price prediction already goes as far as 2050, the attempt to forecast its even more distant future will hardly be very accurate.