Gala Price Analysis 2022: Investing Wisely
Gala was one of the top performers in 2021. The token gained over 30,000%, as per CoinGecko, which is a rare incident even in the crypto world.
However, the prices dropped to a low level as the whole cryptocurrency market faced a downturn. Yet, the coin still holds a growth record of 614% in the last 365 days, according to CoinGecko.
So, will the surge continue for the rest of 2022?
What is Gala?
Gala or Gala Games is a gaming platform based on blockchain technology. The founders aim to make blockchain gaming more fun, which was mostly boring till now.
Gamers would own the items and rewards they win in games and the virtual objects will be stored on the blockchain and gamers would be able to buy and sell their possessions. Thanks to blockchain technology, the ownership of items is always established.
What is the GALA Token?
GALA is the utility token of Gala Games and powers the platform. It allows gamers to buy and sell virtual gaming items and earn incentives. Users who dedicate their computers to support the Gala network also get paid in GALA tokens.
It has a rank of 62 among all cryptocurrencies, as per CoinGecko.
GALA Price Analysis for 2022
Data from CoinGecko shows GALA is currently trading at $0.22 with a gain of 2.3% in the last 24 hours. However, the token lost 24% in value in the last month but recovered to 1.4% in the last fourteen days. GALA again dipped in price and posted a loss of 14.6% in the last seven days.
Most importantly, GALA jumped 20% on February 17. Now, let’s find out what’s in store for the token for the rest of 2022.
As per Price Prediction, GALA may sell for $0.25 in May. They predict the coin could attain the highest and lowest prices of $0.27 and $0.24 respectively. By September, the website thinks GALA may surge in value and amount to $0.29 and the forecasts for the maximum and minimum price are $0.32 and $0.28 respectively. Best of all, the token may continue rinsing in value and trade at $0.32 in December
Wallet Investor is another website that predicts a good year for GALA. They think the token may climb to $0.27 by May and peak at $0.39 or fall to the lowest of 0.12. In September, they predict the price to increase further to $0.39 and that the maximum and minimum prices could be $0.51 and $0.26 respectively. Wallet Investor thinks GALA could continue the upward surge and end the year at $0.48, selling for a highest of $0.61 or a lowest of $0.35.
GALA may perform well in 2022, as per most predictions. Yet, it is advised to invest wisely as cryptocurrency prices are volatile. Predictions can change at any moment, so always stay updated on prices and trends.