GALA is one such cryptocurrency that operates on blockchain technology and has set its sights on transforming the gaming sector. It’s of utmost importance for investors to accurately forecast the future price. This article delves into GALA’s price performance and experts’ GALA price predictions for 2023-2030.
What is Gala (GALA)?
Gala Games is a gaming platform built on blockchain technology that embraces the concept of play-to-earn. It provides players with digital rewards for their in-game achievements, addressing a long-standing challenge in the gaming community: the lack of ownership over earned items.
The platform offers a diverse range of game genres, including real-time strategy (RTS), multiplayer online battle arena (MOBA), and role-playing games (RPGs), among others. Regardless of the game genre, players are rewarded with digital assets such as the GALA cryptocurrency and non-fungible tokens (NFTs)
While Gala Games primarily operates on the Ethereum blockchain, it has expanded its reach through partnerships with the Polygon network and the p.Network Bridge dApp, enabling users to send and trade tokens with reduced transaction fees on the BNB Chain.
The native token of Gala Games is GALA, an ERC-20 token with multiple functions within the platform. It holds value among players as it serves as a medium of exchange for transactions with other players and purchasing in-app assets. Furthermore, GALA tokens serve as incentives for players, with active participants in games like Town Star receiving them as rewards for achieving significant milestones.
Significant Updates on GALA
Gala Games Launches Eternal Paradox
Gala Games has just launched its latest title, Eternal Paradox in both Google Play and Apple Stores. Eternal Paradox blends the successful elements of 4X and RP-style combat genres. It seamlessly integrates optional web3 features from Gala Games, making itself a robust mobile title with promising prospects.
Players of the game compete for daily and seasonal rewards in a 49-day repeating season. Perks take the form of Eternal Time (ETIME), a GalaChain minted token that can be bridged to the Ethereum blockchain for future trade. Players can choose to save ETIME rewards in their linked Gala wallet or to spend it on exclusive ETIME in-game sinks like limited edition Mercenaries or game-boosting packages.
Free players of Eternal Paradox can have the same perks as those choosing to own minted Land or Mercenary tokens. However, those who own minted items enjoy additional perks that make it easier to achieve the leaderboards and to transfer their items to other players. Owners can also bridge their digital assets from GalaChain to the Ethereum blockchain where they may be sold on secondary markets.
Gala Games Co-Founders Clash Over Allegations of $130M Theft and Corporate Mismanagement
On August 31, Gala Games’ co-founders, Wright Thurston and Eric Schiermeyer, engaged in legal battles with each other, filing lawsuits in a Utah District Court. Schiermeyer, also Gala’s CEO, accused Thurston and his investment firm of stealing approximately $130 million worth of Gala tokens in early 2021. Schiermeyer claimed Thurston later sold these tokens in a complex series of transactions. Thurston countersued, alleging that Schiermeyer caused Gala to sell and waste millions of dollars in assets and lent Gala funds for personal use. Both co-founders seek each other’s removal from Gala and damages. The legal dispute adds to Gala Games’ challenges, as Thurston faces prior SEC charges for an alleged fake crypto mining scheme.
Gala (GALA) Price History
In 2020, the GALA token experienced a relatively quiet period with limited price movement. It remained at a low value throughout the year, reaching its all-time low of $0.00022 on 28 December 2020. During this time, GALA had not yet gained significant attention or trading volume in the cryptocurrency market.
The year 2021 marked a turning point for GALA as it began to gain traction. In September, the token was listed on the Binance (BNB) and Bibox exchanges, which increased investor interest. As a result, the price of GALA surged to $0.113 on 23 September 2021, representing a substantial increase of over 500-fold from its previous all-time low. The platform’s improvements, such as easier item transfers and a memorandum of understanding with Wemade Tree, contributed to the token’s growing popularity. However, the price stagnated in October and mid-November.
Gala price history. Source: CoinMarketCap
Despite the initial success, GALA faced challenges in 2022. The token’s value experienced a decline from its all-time high, dropping by 29% to $0.51 by 3 December 2021. This downward trend continued into January 2022, with GALA reaching a value of $0.18 on 22 January. Notably, Gala Games secured a $100 million blockchain gaming fund in partnership with C² Ventures during this period. However, GALA saw a brief recovery in February 2022, doubling in value from $0.22 on 22 January to $0.38 on 8 February due to anticipation surrounding the release of 8,888 membership NFTs in the Flare realm.
From January to the present day in 2023, the price of GALA has experienced fluctuations. Starting at $0.22 on 1st January 2023, the token gradually increased over the first quarter, reaching $0.28 by the end of March. GALA witnessed a significant surge in April, skyrocketing to $0.72 by mid-month. But the bullish momentum subsided, and the token experienced a correction, dropping to $0.47 by the end of May. GALA displayed a relatively stable pattern throughout June and early July, hovering around the $0.50 mark. As of the latest data, GALA is currently valued at $0.52, reflecting a resilient position amidst ongoing market dynamics.
GALA Price Predictions: Expert’s Opinions
CoinCodex provided a somewhat bearish short-term price prediction for GALA in 2023, suggesting a potential drop to $0.03821 by 8 April, followed by a further decline to $0.03573 by 4 May. Their technical analysis showed a bearish sentiment, with 22 indicators signalling bearish trends and only six indicating bullish signals.
CryptoPredictions.com offered a more positive outlook, predicting that GALA could reach $0.0495 by December 2023 and rise to $0.068547 by the end of 2024. In their prediction for 2025, GALA was projected to start the year at $0.07 and close at $0.085.
WalletInvestor regarded GALA as an excellent long-term investment and presented a more optimistic forecast than PricePrediction. Their maximum average price prediction for 2022 indicated that the coin could reach almost $0.153 by the end of December. As of the current prediction, GALA was expected to reach around $0.233 in one year and up to $0.936 in five years. Their GALA price prediction 2025 was $0.682 by the end of the year.
CaptainAltCoin’s GALA token price prediction suggested a potential drop to $0.0408 in June 2023, followed by a possible climb back to $0.0627 in April 2024. By 2025, the prediction indicated that GALA could be valued at approximately $0.1739, but there might be a substantial drop by April 2028, potentially reaching $0.096. The site also made a GALA price prediction for 2030, estimating it to be $0.4347, and suggested a price of $0.8695 in 2040.
The DigitalCoinPrice GALA price prediction was slightly less optimistic than WalletInvestor. It anticipated GALA to average around $0.0687 by December 2022. For 2025, the average projected value was $0.11, while the prediction indicated a price of $0.22 in 2029.
TechNewsLeader published data providing a GALA coin price prediction for 2022, stating that GALA could surpass $0.12 in a bullish market in 2022. They further mentioned that given long-term investor holdings, the average price for GALA in 2022 would be around $0.10. Looking ahead to 2030, the maximum price prediction for GALA was $2.57, with a minimum price of $2.08.
GALA Price Predictions 2024-2030
| Year | Minimum Price | Maximum Price |
| 2023 | $0.036 | $0.042 |
| 2024 | $0.054 | $0.064 |
| 2025 | $0.080 | $0.094 |
| 2026 | $0.12 | $0.14 |
| 2027 | $0.18 | $0.21 |
| 2028 | $0.26 | $0.31 |
| 2029 | $0.37 | $0.44 |
| 2030 | $0.54 | $0.64 |
| 2031 | $0.80 | $0.93 |
| 2032 | $1.19 | $1.36 |
Gala Price Prediction 2023
Our Gala price prediction 2023 indicates potential price movements for the upcoming years. In 2023, we expect Gala to reach a maximum price of $0.042, with an average price of $0.038 and a low of $0.042. This suggests a slight surge in the Gala’s value driven by various factors, including partnerships and developments from the previous year.
Gala Price Prediction 2024
For 2024, our prediction suggests a maximum price of $0.064, with an average price of $0.056 and a low of $0.054. Once again, we anticipate a price increase as the Gala continues to benefit from ongoing partnerships and further advancements.
Gala Price Prediction 2025
Moving forward to 2025, Gala is projected to reach a maximum price of $0.094, with an average price of $0.083 and a minimum value of $0.080. These predictions consider the potential impact of new projects within the Gala ecosystem, fostering increased adoption and positively influencing its price.
Gala Price Prediction 2026
In 2026, the Gala’s maximum price is anticipated to be $0.14, while the average price is expected to hover around $0.12, with a low of $0.12.
Gala Price Prediction 2027
Looking at 2027, our Gala price prediction indicates a maximum price of $0.21, an average price of $0.18, and a low of $0.18. Throughout this year, Gala’s price is expected to show continued growth.
Gala Price Prediction 2028
In 2028, we forecast a maximum price of $0.31, with an average price of $0.27 and a low of $0.26.
Gala Price Prediction 2029
Looking at 2029, the Gala’s maximum price is predicted to be $0.44, while the average price is estimated at $0.38, with a low of $0.37. The influx of new projects in the Gala ecosystem will likely contribute to mass adoption and positively impact its price.
Gala Price Prediction 2030
In 2030, our Gala price prediction indicates a maximum price of $0.64, with an average price of $0.56 and a low of $0.54.
Is Gala (GALA) a Good Investment?
There are several compelling reasons why Gala may be a worthwhile investment. Firstly, being a relatively new token, Gala has the potential for significant price appreciation as it gains more traction in the market. Gala also benefits from the expertise of a company with a strong background in gaming and blockchain. This combination of knowledge allows Gala to leverage blockchain technology effectively, creating a seamless and user-friendly user experience. In addition, Gala has established partnerships with prominent players in the gaming industry, providing it with a competitive advantage. Lastly, the growing popularity of NFTs and crypto games indicates a strong demand for currencies like Gala.
It’s important to note that Gala has a limited token supply of 50 billion tokens, which enhances its investment potential. As the Gala games ecosystem continues to expand, with over 1.3 million players and an expanding community, the token benefits from increased demand. Besides, the Gala team is actively working on improving the ecosystem and introducing new games, further bolstering the long-term investment prospects of the Gala token.
Unfortunately, there have been negative feedbacks and reviews from users about Gala. According to the Trustpilot.com website, the overall rated mark for Gala experiences is 1.8/5, which signifies an alert for investors. Notably, most complaints point to the fact that users feel like being deceived, asserting that Gala, in many cases, just wants to take their money. Others raise questions about the clarity of Gala’s policies, as well as issues regarding security, exorbitant high NFTs price, and statistics frauds.
However, it’s essential to approach investment decisions cautiously and conduct thorough research. While the forecast figures mentioned above are generated using a price prediction tool, they do not guarantee actual price movements. Market circumstances can change, and staying updated with new developments is crucial. Evaluate all relevant factors and exercise due diligence before making any investment decisions.
GALA Price Forecast FAQs
How high can GALA go?
Predicting cryptocurrency prices in the volatile market is challenging due to numerous influencing factors such as media attention, market sentiment, and blockchain adoption. Nonetheless, our forecast suggests that GALA’s price could potentially reach $0.057 by the conclusion of 2023. For more long-term predictions, please refer to the sections above. It’s important to note that cryptocurrency markets are subject to fluctuations, and individual research and analysis are advised before making any investment decisions.
Will GALA reach $1?
The Play-to-Earn market is projected to experience a staggering 20-fold increase within the next three years. Based on this growth trajectory, Gala (GALA) has the potential to be valued at about 1$. Considering the rapid expansion of play-to-earn games, it is highly plausible for the Gala token to surpass the $1 mark within the next 9-10 years.
Should I invest in GALA?
The potential success of the Gala Games is contingent upon several factors. Recent updates to their farming game, Town Star, and other ongoing developments have contributed to their recent achievements. Gala Games currently has a portfolio of five games in progress alongside various NFT initiatives. However, note that not all blockchain projects thrive, and there have been unsuccessful coins in the past. Investors should exercise caution when investing in cryptocurrencies due to their inherent volatility and perform thorough research before making investment decisions.
Is buying GALA legal in Australia?
The buying and trading of cryptocurrencies, including Gala (GALA), are legally authorised in several countries, such as Australia, the United States, the European Union, Canada, and El Salvador. GALA can be purchased on numerous crypto exchanges via debit and credit cards. For further information, you can read our reviews of crypto debit cards and crypto credit cards.
Where to buy GALA in Australia?
You can purchase Gala (GALA) in several crypto exchanges, but choose a reputable exchange registered with AUSTRAC. Our top recommendation is CoinSpot, which provides a user-friendly interface, free AUD deposits and withdrawals, a diverse selection of over 380 coins, and staking services. You can read our CoinSpot review here to learn more about it.
Final Thought
When considering Gala (GALA) price predictions, it is essential to acknowledge the inherent volatility of crypto markets. This fluctuation makes short-term price forecasts challenging and long-term estimates even more uncertain. Any analysis and forecasts solely based on algorithms may not give accurate predictions.
We strongly recommend conducting thorough research if you consider investing in Gala (GALA). This includes analysing current market trends, staying updated on the latest news, performing technical and fundamental analyses, and evaluating expert opinions. Remember that past performance does not necessarily indicate future returns, and only invest with funds you can afford to lose.
