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.
For instance, the Gala token can be used to purchase digital products or in-game purchases.
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.
Gala and SAND are designed to be used as utility tokens for their respective networks, but The Sandbox focuses on virtual real estate and user-generated content. Gala Network aims to create a decentralized ecosystem for gaming and other applications.
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.
It’s essential to do your research and compare different exchanges to find the one that best meets your needs regarding security, fees, and supported currencies.
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
Choose between Google Pay, PIX Transfero, Mastercard, or VISA as your payment method.
6. Select payment provider
Choose between Simplex, Banxa, or Mercuryo. Once you have selected the payment provider, click Next to proceed with the order.
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.
Before making any investment decisions, a thorough analysis should be carried out beforehand, and never invest more than you can afford to lose.
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.
We Coin-Labs.com provides only objective information about Gala.
Therefore, we are not responsible for the investment decision in Gala and the resulting loss.
Gala Basics
Here are some factors that investors should consider before investing in Gala.
| Cryptocurrency Features | Gala (GALA) |
|---|---|
| Publisher or Developers | Eric Schiermeyer |
| Headquarters (Registration Number) | Japan |
| Symbol | GALA |
| Platform | |
| Published Date (CMC Registration) | 2024-11-01 |
| Max Supply | No limit |
Reliability Score of Gala in 2024
These are indexes mesuring the investment reliability of Gala conducted by Coin-Labs.com.
| Investment Reliability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | 8.1 / 10.0 CAR |
| Communication Rate | 8.3 / 10.0 CR |
| Technology Transparency Rate | 5.5 / 10.0 TTR |
| Development Participation Rate | 3.2 / 10.0 DPR |
| Listing Status on the World's Top 10 Exchanges | Listed on 9 Exchanges |
| Number of Available Pairs Worldwide | 475 Pairs |
| Market Cap of the Cryptocurrency | 627,681,314 USD (Rank #97) |
The table above shows the result of investment suitability evaluation for Gala.
Check out how we evaluate cryptocurrencies on the crypto rating description page.
Gala Price
Here are the price and recent trading volume of Gala. (Data of 2024-11-02 00:36:00)
| Price Items | Price and Trading Volume of Gala |
|---|---|
| Gala Price | 0.020 USD |
| Price Change 24h | -1.01% |
| Price Change 7d | -12.33% |
| Trading Volume 24h | 63,018,641 USD |
| Trading Volume Change 24h | 0.85% |
Cryptocurrency Metadata
You can check the development status and social media information of Gala through the links in the table below.
| Metadata Source | URL |
|---|---|
| π Official Website | https://gala.com/ |
| π White Paper | |
| π°οΈ Source Code (GitHub) | |
| π¦ Twitter | https://twitter.com/GoGalaGames |
| π€ Reddit | https://reddit.com/r/GoGalaGames/ |
| πΊ Message Board | https://blog.gala.games/ |
Where to Buy Gala
Here are the top ten world crypto exchanges where traders can buy Gala in 2024.
| Top10 Exchanges | Listed Status | Page URL |
|---|---|---|
| Binance | Listed | https://www.binance.com/en/trade/GALA_BTC?theme=dark&type=spot |
| Coinbase | Listed | https://pro.coinbase.com/trade/GALA-USD |
| Kraken | Listed | https://trade.kraken.com/ko/charts/KRAKEN:GALA-EUR |
| KuCoin | Listed | https://www.kucoin.com/ko/trade/GALAX-USDT |
| Bitfinex | Listed | https://trading.bitfinex.com/t/GALA:USD |
| OKX | Not listed | |
| Huobi | Listed | https://www.huobi.com/en-us/exchange/gala_usdt |
| Bitstamp | Listed | https://www.bitstamp.net/markets/gala/usd/ |
| Bybit | Not listed | |
| Gate.io | Listed | https://www.gate.io/zh-tw/trade/GALA_USDT |
Frequently Asked Questions
What is the current price of Gala?
Gala price today is 0.020 USD. Furthermore, the price of Gala has fluctuated by -1.01% from 24 hours ago, and by -12.33% from a week ago.
Where is Gala listed?
Currently, it 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 627,681,314 USD, which is ranking 97 among cryptocurrencies worldwide.
How much is the trade volume of Gala?
Currently, 35,910,650,453 GALA coins are circulating through 475 market pairs. As a result, in the last 24 hours, 63,018,641 USD of GALA coins were traded in the market.
