Long-term GALA price prediction for 2024, 2025, 2026, 2027, 2028, 20īased on the historical price movements of GALA and the BTC halving cycles, the yearly low GALA price prediction for 2024 is estimated at $ 0.011878. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. The information provided is for general information purposes only. Based on our GALA forecast, it's now a bad time to buy GALA.ĭisclaimer: This is not investment advice. GALA recorded 17/30 (57%) green days with 4.86% price volatility over the last 30 days. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 44 (Fear). Players want to own their hard-earned in-game items and Gala Games seems ready to meet that challenge.According to our current GALA price prediction, the price of GALA is predicted to drop by -7.30% and reach $ 0.012666 by October 18, 2023. Its success is a major indication that gaming is the perfect use case for NFTs. Over the last four years, Gala Games has gone from a startup to a multi-national organization with over 400 employees. Gala Games runs on both Ethereum and Binance Smart Chain. Both games harness the power of NFT technology to improve player experience. Some of the better-known games on the platform include Townstar and Spider Tanks. Players can earn items and collectibles by playing games and then sell and trade them with other players.

The platform uses NFTs to help promote the idea of player ownership of digital assets. Gala Games is a leader in the emerging play-to-earn gaming space. Image Credit: Gala Games What is Gala Games? Gala Games is an early leader in the emerging play-to-earn gaming industry The tokens will go towards rewards and supporting the development of the Gala ecosystem. The funds are held in a doxxed wallet, helping to make sure the community feels at ease with transparency around the allotment. If the games are successful and players use the platform, then the team running Gala will prosper.Īdditionally, Gala will also hold 2 billion $GALA tokens as a strategic reserve. By doing so, Gala Games is aligning itself with its holders. Moving forward, Gala Games will rely solely on its daily ecosystem rewards to support itself. On May 16, its official Twitter account posted, “The $GALA contract upgrade is the start of a new era We’re making good on our commitment to our community, and lighting $GALA on fire! “

Gala Games took to Twitter to report the news. At current valuations, this equates to $637m. On-chain data shows the Web3 gaming company burned an additional 15 billion tokens, bringing the total of burned tokens to nearly 21 billion. It also helped to support mobile expansion and strengthen its node ecosystem.Īfter completing its V2 token airdrop, Gala Games continued the fun.

This move didn’t just help buoy community sentiment, however. Additionally, the platform also burned an additional 3,961,582,987 $GALA representing the total amount of tokens it had received in revenue since its launch in 2019. In the paper, the team pledged to burn two billion $GALA tokens over the year. In response, Gala Games published their 2023 Vision Paper. The token’s price fell 96% in 2022, partly due to this fear. As a result, the Gala community felt nervous that the team would someday dump their holdings and exit the space. It held way too much of a supply of its native token, $GALA. Web3 gaming platform had a problem on its hands. What happened with the Gala Games token burn? Gala Games addressed community fears by burning over $600m worth of tokens Why did Gala Games Burn Gala Tokens? The gaming studio burned the tokens in response to its community asking for a reduction in token supply. Gala Games purposefully destroyed $637m worth of $GALA tokens last week.

Gala games stock price