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Gala ($GALA) Price Prediction 2024-2026
Gala Games—the issuer of GALA tokens—has made waves in the gaming industry by leveraging blockchain and Web3 technology to the traditional “walled gardens” of the industry.
Since launching in 2019, Gala Games has established itself among the undisputed industry leaders in the Web3 gaming industry with a growing catalog of play-to-earn games, top-notch gameplay, and financial incentives through the GALA token.
What is Gala Games?
Gala Games is a Web3 digital media ecosystem focused on blockchain-based and play-to-earn video games. Launched in 2019, Gala Games now hosts a growing ecosystem of diverse game genres such as real-time strategy games (RTS), fantasy role-playing games (RPGs), multiplayer online battle arena (MOBA) games, and a variety of Player-vs-Player (PvP) strategy games.
The game can be accessed on desktops and laptops using Windows or Apple, while its mobile games are supported on iOS and Android. Gala’s unique integration of blockchain technology, Web3 philosophy, and growing ecosystem enables players to own in-game assets in the form of non-fungible tokens (NFTs) and for games to create their self-sustaining crypto-economies with their own unique cryptocurrency tokens. The ecosystem enables players to monetize their gaming efforts through play-to-earn (P2E) gaming, combining immersive gameplay and incentivizing players through substantial, tangible rewards.
Originally launched on the Ethereum Blockchain, Gala Games has since extended its reach by releasing games into BNB Chain and Polygon—and its continued success through constantly-changing economic headwinds in the crypto sector is proof positive of its industry leadership.
It has also branched out to new grounds by launching Gala Film and Gala Music, as well as a gaming-focused Layer-1 blockchain solution called Project GYRI in 2022. The new L1 blockchain bridges to Ethereum and uses the GALA token to pay for gas fees for all on-chain transactions. GALA tokens used are then burned or distributed to Founder’s Node operators.
Who created Gala Games?
Gala Games was founded in 2018 by Zynga founder and CEO Eric Schiermeyer, Wright Thurston, and Michael McCarthy, with each sharing decades of experience at the upper echelons of the gaming industry.
Schiermeyer, Thurston, and McCarthy formed Gala Games with the vision of creating a gaming ecosystem with blockchain technology. The company’s first releases were Town Star, a farm simulator, and Mirandus, a sci-fi fantasy adventure game that came out in 2020. Gala Games’ early efforts allowed it to secure $100 million in funding from C2 Ventures allocated to game development and novel blockchain-based gaming projects.
The company has since gone on to publish 13 games in its catalog, with a handful currently in the pipeline. Some of its most well-known game titles include:
- Town Star. A strategic farming simulation game where players manage resources to expand their respective towns and oversee the building of infrastructure projects on its way to prosperity.
- Spider Tanks. A high-octane multiplayer tank brawler game where players compete against each other using customizable tanks in battle to earn in-game currency and NFTs.
- Echoes of Empire. A space-based strategy MMO featuring engaging gameplay and dynamic player ownership underlying the game’s economy. In it, players can explore, build civilizations, conquer planets, and engage in war to extend their influence and annex new territories.
- Mirandus. Mirandus is a fantasy RPG epic set in a world ruled by monarchs. In this game, players can freely explore, conquer, and build economies without maps and quest givers.
How do Gala Games work?
The Gala Games universe is underpinned by Gala Nodes and the broader Gala Games ecosystem. Gala Games’ game catalog is developed by its established in-house studios and in partnership with renowned game developers such as Ember Entertainment and GAMEDIA, to name a few. In-game assets can be purchased on the Gala Store. Players can also buy them on the secondary NFT markets such as OpenSea.
Gala Games runs on a distributed network of computers instead of centralized servers as traditional games do. Participants in this decentralized network of computers are called nodes, with each contributing computational resources to the network for rewards. Currently, there are four main types of nodes on the platform:
- Game Nodes. Game nodes host gaming servers. Users who run game nodes are granted exclusive rewards depending on the game they help support, such as NFTs or in-game assets.
- Founders Nodes. There are only a limited number of up to 50,000 Founders Nodes. They can be bought using GALA tokens exclusively through Gala Games. Founders Nodes possess governance rights, with a direct hand in driving the direction of the company.
- Player Nodes. Player nodes essentially indicate users that enable network listeners to share and play music using NFTs.
- Film Nodes. As the name implies, Film Nodes are users that host films and entertainment experiences.
What is the $GALA token?
$GALA serves as the native token of Gala Games. Built on Ethereum and BNB Chain, $GALA is the native medium of exchange for all Gala Games in-game assets and transactions. Founder Nodes are also paid out in $GALA tokens, while Gala Games players may earn $GALA tokens in-game. The token also enables holders to vote on governance measures, besides allowing them to purchase the requisite licenses to run a node.
$GALA tokenomics
Currently, $GALA has a fixed maximum supply of 50 billion tokens. Out of this figure, the current circulating supply (as of September 2024) of $GALA sits at 34,630,555,862 tokens out of a total supply of 36,654,715,998 $GALA tokens.
Half of a predefined number of $GALA tokens are distributed to Founders Nodes daily, while the other half is bequeathed to the Gala Games conservatorship for future development and funding. The combined amount is halved every year.
Each time $GALA is used to buy NFTs at the Gala Games store, those tokens are burned, and the corresponding amount of $GALA tokens are added to a pool for future distribution within the broader Gala Games economy.
Who are the closest competitors of Gala Games?
Gala Games is an industry leader in the blockchain gaming industry. However, it faces serious competition from other notable projects within the same sector. Here are some of Gala Games’ closest competitors:
- Axie Infinity. Axie Infinity is an Ethereum-based play-to-earn gaming protocol that was among the early leaders within the P2E scene. Axie Infinity popularized the P2E concept when it first peaked in 2021. However, it has since faced major challenges due to crypto market headwinds, losing a great number of its player and user base due to broader economic fluctuations and scalability issues .
- Decentraland. Decentraland was one of the leading Metaverse gaming platforms when the concept gained major traction in 2021. The platform enabled users to create unique digital experiences in open, decentralized virtual worlds, emphasizing ownership through digital real estate and in-game assets as NFTs.
- The Sandbox. The Sandbox is a metaverse game creation platform similar to Decentraland, peaking at the same time in interest and in adoption in 2021. While both platforms have since lost a tremendous amount of mindshare since, their emphasis on user-generated content and immersive digital worlds remain a potential growth sector in the coming years, especially with their partnerships with IP holders and popular brands.
$GALA price development
(September 2024)
$GALA was one of the biggest gainers of the last great bull run of 2021, with the token surging to an all-time high of $0.8248 last November 26th, 2021. As of press time, however, $GALA trades 97.8% below its all-time high, with the token trading at $0.018. $GALA remains within the top 100 cryptocurrencies by market capitalization, sitting at the #98 spot per Coingecko statistics.
Nevertheless, investors who bought into $GALA during before its rise to prominence at its all-time lows of $0.0001347 are sitting on an eye-watering 13,361.86% gain at its current prices. With token prices at a major discount at press time, investors interested in gaining exposure to the blockchain gaming and metaverse sectors in the coming years are keen on this asset.
$GALA price predictions and forecasts
That said, let’s take a look at some $GALA price predictions and price forecasts from 2024 to 2030. This data was sourced from leading crypto analysis platforms based on a variety of technical and fundamental indicators.
$GALA price prediction for 2024
According to Changelly, $GALA could reasonably go on an upward trend towards a peak of $0.0201 by December 2024. Other platforms, such as Coinpedia, are more bullish, predicting a run to $0.069 within the same timeframe—if the platform could make good on its partnerships and spur on a buying frenzy. Changelly predicts that, at best, $GALA could trade at $0.0237 by EOY 2024, considering macroeconomic factors that cloud $GALA’s potential uptrend.
$GALA price prediction for 2025
Changelly predicts that $GALA could be trading at $0.0237 in 2025, with a potential peak of $0.0649. Coinpedia, for its part, predicts that $GALA predicts that $GALA could trade at $0.055 for most of the year and peak at $0.106 should the Gala Games ecosystem deliver on its roadmap for GalaChain, as well as drum up more attention with game, film, and music releases.
$GALA price prediction for 2026
Changelly expects $GALA to trade at a minimum price of $0.0452 and a maximum of $0.0538, with an average trading value hovering around the $0.0464 range in 2026. Coinpedia estimates the average $GALA coin price hovering at $0.154 and at a minimum and maximum price of $0.104 to $0.235, respectively..
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