Gala Token Price Prediction 2023 - How High Will It Go?

 By Deya Hroob

Speculating on the potential price of Gala token in 2023 can be tricky business. From current market trends to the latest technology advancements, there are a number of factors that could influence the cryptocurrency's value over the next few years. This guide offers an overview of these predictions so you can make an informed decision when investing in Gala Token.

What is Gala Games ( GALA ) ?

Eric Schiermeyer, the co-founder of Zynga, is behind Gala Games. Gala Games' mission is to make blockchain gaming appealing through giving users control and ownership over their gaming assets. This way, people's hard work and investment into a game are not taken away with the click of a button. By introducing creative thinking back into games through blockchain technology, it brings in new elements for gamers to enjoy.

Founded in 2019, the platform has seen impressive growth with over 1.3 million active users and 26,000 NFTs sold, with the most expensive piece valued at $3 million.

Gala Games recently announced that they are currently evaluating 15 mobile games that they own, with the aim of integrating them into their blockchain. They have already put a team to work in order to bring these games onto the blockchain platform.

Gala Games also announced two exciting pieces of news. Firstly, they revealed that they have purchased a mobile gaming studio with over 20 MILLION active users. Secondly, Gala will be the gas token of their new layer 1 blockchain which has yet to be named. The company plans to burn 50% of the gas token and remint the remainder to its founder nodes as well as potential partners who become part of the ecosystem, in order to make the $Gala ecosystem deflationary.

Technical Analysis of Gala

Let's see what the charts tell us about Gala token.

Weekly Chart

If we look at the weekly chart, we notice that the price is trading at low levels compared to the end of 2021, when the price reached its highest level at $0.0834. This is due to the general bearish market sentiment.

This week, due to the encouraging news that we mentioned above, the price formed a somewhat strong green candle, and the price reached the first resistance, which is the weekly moving average 20.

If Gala can break through it, the price will head to the solid resistance area at $0.075 level.

Daily Chart

If we take a look at the daily chart, we will find that there are positive indicators for the currency. Today, Gala was able to breach the descending trend line, which is very positive. It is now possible to consider any rebound of the trend line as a buying opportunity.

Also, $Gala is now trading above the 50 day moving average which is a bullish sign.

The resistance levels to watch out are : $0.04 , the 200 day moving averages ( now it's $0.053 )

The support levels to watch out are : $0.03 , the broken trendline. 

We applied Moving averages , Fibonacci Levels and Support and Resistance Zones on our analysis.

Can Gala reach $1 ? 

Technically, it is possible in the long run for the Gala to reach its highest levels at $0.824 and perhaps even higher, but it is like other currencies that need the market situation to change from bearish to bullish in order to support any strong rise of the token.

Gala Nodes Price

Gala Nodes are nodes that are connected to the Gala Network and require a license in order to be operated. Operating a Gala Node provides users with rewards like GALA tokens, unique NFTs, and chances to expand the Gala Games community. These nodes play a crucial role in creating a dynamic, secure and rewarding ecosystem for everyone involved.

The price of gala node is interchangeable over time, it was nearly $2000 per node.  

You can check the current price and buy gala nodes here 

Where to Buy Gala Cryptocurrency?

Gala Token is available for purchase on many major cryptocurrency exchanges such as Binance, ByBit and Bitrue. Additionally, you can also find Gala Token on decentralized exchanges such as Uniswap and 1inch. When buying any kind of digital currency, it's always wise to safeguard your wallet and keep your private key and exchange accounts secure with strong passwords.

In Bitrue platform you can stake your Gala for 1.4 APY.

Frequently Asked Questions

1. Is Gala a Good investment?

With recent promising news and the thriving Gaming industry sector, many have high hopes for the Gala coin as it has immense growth potential. However, one should not forget to consider the risks associated with investing in digital currencies before making any investment decisions.

2. How much will Gala be worth in 2025?

It is difficult to predict the future price of Gala with certainty. However, experts believe it has a good chance of increasing in value over the next few years given the current market conditions. Factors that could affect its price include new developments within the industry and changes in global demand.

3. What is the highest price for Gala?

Gala price has reached All-Time High on Nov,26 2021 $0,8244

4. What is the lowest price for Gala?

Gala price has reached All-Time Low on Dec,28 2020 $0,0001347

5. How many Gala tokens are there?

It has a circulating supply of 7.5 Billion GALA coins and a total supply of 38933989100.7245

6. Is Gala a token or a coin?

GALA is an Ethereum token, not a coin. It powers Gala Games and acts as the medium of exchange between participants of the platform.

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