What is Gala Crypto?
Gala has been developed to serve a specific purpose for the Gala Game’s ecosystem. It is a digital utility token that can be sent between users in the Gala ecosystem. It is a non-refundable token used as a method of exchange between users. Gala being introduced into the Gala ecosystem means that there is a sustainable and secure method of payment between players who interact with each other.
Who created the Gala coin?
Gala Games was launched in July 2019 to build a blockchain-based gaming network that allowed players more ownership over their games. The CEO of Gala Games, Eric Schiermeyer, who also co-founded the popular social media and games company Zynga created the gaming company using his vast experience in the gaming space.
Gala coin vs The Sandbox token
On the surface, Gala coin and the Sandbox token might appear very different, but they share some similarities. As we know, Gala coin is a utility token native to the Gala Games ecosystem. It can be used as a payment method between players for in-game purchases or digital goods. The Sandbox token is an Ethereum-based metaverse and gaming ecosystem like Gala Games. However, the Sandbox token is used to power The Sandbox, allowing users to create, monetize and participate in blockchain-based games. Players within this environment can tokenize their experiences using the Sandbox token.
Where to buy Gala coin?
Buying crypto can often be a confusing experience, but you can easily buy Gala(GALA) on Coinbase. At the same time, you can also purchase Gala on the popular platform, Binance. Other platforms include Bitget, OKX, Huobi Global, Kraken, and gate.io. Gala also can be purchased on Uniswap, 1inch, and SushiSwap.
These exchanges allow users to buy and sell Gala using other cryptocurrencies like Ethereum. Additionally, you can buy Gala tokens using the Gala’s official website, where you can purchase tokens using a credit card or bank transfer.
How to buy Gala coin
1. Create account on Bitget
First, create an account on the Bitget exchange. Go to the Bitget website and click on the “Register” button on the top right corner of the page. You can use your email address or mobile number to sign up. Fill in the required information, including your email and password, then click on the “Sign Up” button.
2. Confirm registration
Verify your email address by clicking on the verification link sent to your email. You will receive a 6-digit code upon creating your account, which you will need to confirm your registration on BitGet. When prompted, please enter the code.
3. Log in to your account
Once your email is verified, log in to your account using the email and password you provided during registration. Set up your 2FA (Two-Factor Authentication) for added security.
4. Click the Buy Crypto
Select Third-party Payment. Select the currency of your choice that you will use to purchase your crypto. Then select your option of crypto to receive. Finally, enter your amount.
5. Select payment method
6. Select payment provider
7. Trade crypto for Gala
Once you have received your crypto, head to Markets, then search for Gala in the search box. Click on Trade, where you can exchange your crypto for Gala.
Is Gala Crypto a good investment?
Many would argue in favor of Gala being a good investment opportunity, but then again, others would argue against Gala being a good investment. However, for cryptos to be considered a good investment, there needs to be a legitimate reason for the crypto to exist. In this case, Gala is used as a payment method between gamers and for digital purchases. If more and more people join the Gala Games ecosystem, then Gala coin will be more in demand since more users are on the platform, and will need the coin for in-game purchases.
However, the rise of Gala depends on people joining the platform and purchasing the tokens to be used for digital purchases and in-game items. People decide not to join Gala Games and not buy Gala coins.
Gala Price Prediction
The prediction of cryptos is a hot topic because it can influence which cryptos get bought more than others. In terms of Gala there are several predictions regarding what the price will be from 2025 all the way to 2030.
The price prediction for 2025 includes achieving a potential high of $0.39, which is very much achievable if things keep going the way they are at the moment with steady adoption. However, with highs come lows, and Gala could reach a low of $0.045 in 2025.
The price prediction for 2026 includes a slight drop from 2025’s prediction. Where we see a potential high of $0.39, for 2026, we can expect to see it drop to $0.29. We estimate that some investors will want to capitalize on some of their gains, which is where we will see the drop.
Based on some analysis for 2027, we can see Gala reaching back to the previous highs of 2025 and may potentially break even further into the $ 0.40s.
For 2028 we expect to see mass adoption of the Gala Games network, thus driving the price of Gala coin even more. Our analysts can see Gala coin reaching the low $0.50’s, but this depends on the adoption of Gala Games.
In 2029 we expect to see the value of Gala coin rise significantly as long as no negative factors influence the coin. A target of $0.70-$0.80 is not impossible, but since this is a long way off, it’s difficult to know for sure.
Finally, in 2030, analysts are confident that Gala coin will be stable and popular enough to break into the $1 territory. Again, it’s not an impossible task, but a lot of ground must be covered to reach this level.
Why is Gala crypto going up?
Many eagle-eyed fans will have recently noticed Gala coin’s sharp rise in value. If we look at the Twitter page for Gala Games, we can see some in-depth discussion of the platform’s expansion going into 2023.
Gala Games recently announced that they have successfully acquired a mobile gaming studio that boasts over 20 million active users. There was also discussion about approximately 15 mobile games being evaluated to be onboarded onto the platform.
The Gala community also voiced their opinions on voting to burn 100% of the tokens used for purchases on the Gala platform. A heavy 90.5% of the community voted “Yes” to the burning of tokens, while a mere 9.5% of the community voted “No.”
Is Gala crypto safe?
Gala crypto, along with other cryptos, is only as safe as the next crypto. Nothing is 100% safe, but certain factors help build security, trust, and a sense of togetherness when it comes to crypto.
Are the founders behind the crypto trustworthy? Can they be trusted at all? Do we know anything about them? It helps when founders have a strong background that can be publicly verified. With Gala we know that the founder Eric Schiermeyer co-founded the popular gaming platform Zynga. We know he has vast knowledge in the gaming sector, and since Gala is a crypto that is linked with a gaming platform, we have confidence that Eric knows what he is doing.
The primary characteristics of Gala are as follows.
|Cryptocurrency Features||Gala (GALA)|
|Publisher or Developers||Eric Schiermeyer|
|Jurisdiction of Incorporation (Registration Number)||Japan|
|Published Date (CMC Registration)||2020-09-16|
|Max Supply||No limit|
Investment Suitability of Gala in 2023
The results of the Gala investment suitability evaluation conducted by Coin-Labs are as follows.
|Investment Suitability Rating Items||Scores and Current Status|
|Company Activation Rate||/ 10.0 CAR|
|Communication Rate||/ 10.0 CR|
|Technology Transparency Rate||/ 10.0 TTR|
|Development Participation Rate||/ 10.0 DPR|
|Listing Status on the Top 4 Exchanges in Korea||Listed on 3 Exchanges|
|Listing Status on the World's Top 10 Exchanges||Listed on 9 Exchanges|
|Number of Available Pairs Worldwide||227 Pairs|
|Market Cap of the Cryptocurrency||416,275,066,669 KRW (Rank #108)|
The price and recent trading volume of Gala are as follows. (Data of 2023-01-27 18:00:25)
|Price Items||Price and Trading Volume of Gala|
|Gala Price||59.662 KRW|
|Price Change 24h||-3.70%|
|Price Change 7d||8.33%|
|Trading Volume 24h||261,251,298,061 KRW|
|Trading Volume Change 24h||-26.25%|
You can check the development status and social media information of Gala through the links in the table below.
|🌎 Official Website||https://gala.com/|
|📖 White Paper|
|🛰️ Source Code (GitHub)|
|🎺 Message Board||https://blog.gala.games/|
Korean Crypto Exchanges where Gala is Listed
Korean crypto exchanges where Gala is listed in 2023 are as follows.
|Top4 Exchanges||Listed Status||Page URL|
World Crypto Exchanges where Gala is Listed
World crypto exchanges where Gala is listed in 2023 are as follows.
|Top10 Exchanges||Listed Status||Page URL|
Frequently Asked Questions
What is the current price of Gala?
Gala price today is 59.662 KRW. Furthermore, the price of Gala has fluctuated by -3.70% from 24 hours ago, and by 8.33% from a week ago.
Where is Gala listed?
Currently, it is listed on a total of 3 among the 4 largest exchanges in Korea, and is listed on a total of 9 among the world top 10 exchanges.
What is the market cap of Gala now?
Currently, Gala has a market cap of 416,275,066,669 KRW, which is ranking 108 among cryptocurrencies worldwide.
How much is the trade volume of Gala?
Currently, 6,977,205,436 GALA coins are circulating through 227 market pairs. As a result, in the last 24 hours, 261,251,298,061 KRW of GALA coins were traded in the market.