Will Gala Reach $5? Read about analysis on how and when can Gala Reach $5 in the future.
Latest Price of GALA (USD)
Gala in November 2021, which is 9 months ago touched $0.8367 which is the all-time high for Gala as of now. Since then there has been a complete retreat in the price of Gala and now Gala is trading below $0.10. One of the main reasons for the crash of Gala can be attributed to the overall crypto market crash which fell from over $3T market cap value to below $1T market cap in the last 9 months.
Now the question arises, how high can Gala go and or will Gala reach $5 in the future?
Before we discuss the possibility of the Gala reaching $5, let us understand what is Gala and what are the predictions for the Gala:
Will Gala Reach $5: Some Facts About Gala
- Gala is play-to-earn crypto that is used to power the Gala Games.
- It is one of the leading cryptocurrencies in the world of the metaverse and it is developed on the Ethereum blockchain.
- The founders of Gala are Eric Schiermeyer (the co-founder of Zynga and gaming legend), Wright Thurston (one of the first major miners in the cryptocurrency space and holder of multiple patents on blockchain technology), and Michael McCarthy (the Creative Director behind viral gaming hits such as Farmville 2).
- GALA tokens can also be used to buy items within the games. It can also be used for upgrades and other in-game assets, and it is also used as a governance token.
- Gala Games has about 1.3 million active players every month.
Will Gala Reach $5: Future Prediction of Gala
At the current market condition, the price prediction of the Gala is very low. The above price prediction is based on the aggregate method. Gala is predicted to remain below $0.10 by the end of 2022 and even by 2030, there is hardly any chance of Gala reaching $5.
However, as we know the crypto market is very much unpredictable therefore, any unexpected event can happen. Here we analyze how and when Gala can reach $5 using our calculations:
Will Gala Reach $5: Some Calculations
Before we jump to how and when Gala can reach $5, here is our Gala Price Prediction 2022 using our calculations.
|Price as of September 2nd||$0.051|
|If Gala were to rise 5% a month, what will be Price By the End of 2022?||$0.059|
|If Gala were to rise 10% a month, what will be Price By the End of 2022?||$0.074|
|If Gala were to rise 20% a month, what will be Price By the End of 2022?||$0.105|
|If Gala were to rise 30% a month, what will be Price By the End of 2022?||$0.145|
Will Gala Reach $5: When and How Can Gala Reach $5?
|Price as of September 2nd||$0.51|
|If Gala were to rise 10% a year, when will it Reach $5?||In the Next 49 Years, 2061|
|If Gala were to rise 20% a year, when will it Reach $5?||In the Next 26 Years, 2048|
|If Gala were to rise 30% a year, when will it Reach $5?||In the Next 18 Years, 2040|
|If Gala were to rise 50% a year, when will it Reach $5?||In the Next 11.5 Years, 2033|
Considering the current price and assuming Gala gains 50% a year from now, in the next 11.5 years we may see Gala at $5. However, if Gala gains only 10% a year from now, then Gala will take 49 years from now to reach $5.
Will Gala Reach $5: Why Gala Should be Part of Your Crypto Wallet?
Gala coin, the metaverse coin had a bull run in 2021 but in 2022 Gala has fallen below $0.10. Gala’s all-time high price was in November 2021 when the price breached $0.8. Since then Gala has fallen over 90%.
Despite such a huge fall Gala can be one of the preferred crypto investments. The reason behind this is the utility of the Gala coin. Gala is a Metaverse token and the market of the metaverse is on the rise. Meta, the parent company of Facebook is leading the Metaverse revolution and a huge number of companies are venturing in this segment.
Currently, not just the metaverse tokens but almost all the tokens, be it NFT, or any other crypto is trading lower and there are higher chances of the market improving in the future. Metaverse being one of the most recent and growing technology, the demand for metaverse tokens is expected to rise once more companies start adopting the metaverse concept. Therefore, Gala being one of the metaverse tokens and which has seen a surge a year ago can be a good investment.
However, we would suggest that investors make their own research before investing in any crypto.
Will Gala Reach $5: Conclusion
Gala is unlikely to reach $5 by the end of 2022. But in the future, there is the possibility of Gala touching the $5 mark.