Will Gala Reach $5, $50? (2024)

Table of Contents

Are you buying or selling Gala Coin? Choose from below Will Gala Reach $5? Will Gala reach $50? What is Gala?

Are you buying or selling Gala Coin? Choose from below

GALA Trader Sentiment

Buy 30%

Will Gala Reach $5?

To reach $5, GALA will need to rise 281x.At $5, the target market cap will be approximately $173.32 billion.If GALA were to rise at the pace of 25%, it will take approximately 26 years to reach $5.

Will Gala reach $50?

To reach $50, GALA will need to rise 2,812x.At $50, the target market cap will be approximately $1.73 trillion.If GALA were to rise at the pace of 25%, it will take approximately 36 years to reach $50.

Let us evaluate this data

Quality of Investment– Moderate
Growth required to reach $50– Not Feasible
Market Cap at $50– Not Feasible
Time required to reach $50 if it were to rise at 25% per annum– Not Feasible

Considering the Quality of Investment, growth required and time required, Gala cannot reach a price as high as $50.

Gala will reach $50 only if Gala games rise in awareness, engagement, and loyalty. At the moment, those metrics are not great but they could get better with the recent acquisition. Second, even if the games perform well, how the users buy and sell in-game NFTs using Gala Tokens would be the second metric to be tracked. Should both these metrics rise significantly over the next few months, $50 would be quite realistic in the next 31 years.

What is Gala?

Gala is a decentralized gaming platform on the Ethereum Blockchain, offering a range of games and the trading of NFTs. With the traditional gaming market valued at $180 billion in 2021, the emerging Play-to-earn segment, worth less than $10 billion then, is projected to hit $219 billion by 2024. GALA, Gala Games’ native token, operates in the GameFi sector using the Play2Earn model. As an ERC-20 token on Ethereum and Binance Blockchains, GALA can be used for game purchases, in-game transactions, rewards, and governance.

We believe Gala has taken the right steps to build a long-lasting gaming model that relies more on player engagement than reward. However, Tokens will continue to rise in demand if the games take off.