What Is Gala Games GALA? Features, Tokenomics, and Price Prediction

Considering its current value of $0.048, almost $30 million is added to its market capitalization each month. Unlike most play-to-earn games, which typically have a player base that numbers in the tens to hundreds of thousands, Gala Games has a staggering 1.3+ million active users. As a result, games launched through the platform are likely to become among the most popular P2E games in the blockchain space right off the bat. Play-to-earn and blockchain-powered games with player-owned assets are nothing new in the cryptocurrency industry. However, Gala Games has a few tricks up its sleeve that arguably help it blaze its own trail in this increasingly crowded space.

When your Bitcoins arrive, you will receive another notification from Binance for confirmation. Binance is a famous and reliable exchange to swap altcoins, and it offers trade of a vast number of altcoins pairs. Now we need to transfer our BTC to any exchange that supports the trade of GALA. As GALA is an altcoin, https://currency-trading.org/education/how-to-stake-vet-vechain-staking-2023-how-to-stake/ we will use Binance for exchanging it with bitcoins. After registration, the platform will invite you to select a payment method, i.e., bank account, credit card, or debit card. Now deposit fiat money (e.g., USD, CAD, or GBP) into your exchange account through a bank account or debit/ credit card.

How to buy Gala

This offers a great entry price before the exchange listing on Bitmart. Investors are bullish on the project’s innovation in the EV charging space. The avatar will mirror the progress made by the user, in terms of their fitness achievements.

Most importantly, don’t buy GALA because you’re scared of missing out, or because you hope it will produce more short-term gains. Blockchain gaming may continue to grow in the coming years, but we simply don’t know how it is going to evolve. It is such a new space that it’s difficult to predict how big it will be, what shape it will take, and which games will prove successful. I counted over 30 in the top 500 cryptos by market cap, with many smaller games jostling for position lower down the table. That said, it is important to note that GALA does suffer from significant supply inflation. Just 14% of the supply is currently circulating, while more than 17 million new tokens enter circulation each day.

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But it’s metaverse and gaming tokens that have stolen the show in recent weeks. Gala crypto’s price could depend on the performance of its games and NFTs, and also perhaps on developments like big brands entering metaverses. That said, cryptos are volatile, no matter their high market value or popularity, and hence, nothing can be predicted with certainty. By 2024, if major games are successful and player engagement grows substantially, GALA could surge above past highs.

What are Gala Games?

Not only did this stir FUD in the community, but users attempted to take advantage of the price difference between the BNB Chain and Ethereum versions of the GALA token. Gala Games reached out to exchanges, informing them of the situation and asking them to suspend the BEP-20 GALA tokens. But not every exchange decided to act on the information, according to Gala Games. The Gala Game platform has a large community of engaged people who take part in choosing new games for the platform.

Current state of play and Galaverse

Gala Games strives to transform the direction players recognize the gaming industry based on blockchains. Still, the more convincing debate would be about play-to-earn gaming as one of the most exciting trends currently in the crypto category. The distinctive characters https://bitcoin-mining.biz/china-close-to-launching-its-own-digital-coin-amid/ of such games qualify players to cultivate income rather than waste money to serve as a community component. Gala has many unique qualities that make it stand out from other similar blockchain-based gaming platforms used for playing and earning purposes.

Read on to discover what methods seasoned investors use when researching the best micro-cap cryptocurrencies. In addition to incentivizing voters with LHINU rewards, Love Hate Inu solves a range of real-world issues. For example, voters no longer need to worry about voter intimidation, as all votes are anonymous. Double-counting, fraud, and other reconciliation issues are also alleviated. This is because Love Hate Inu uses blockchain and smart contracts to process votes. Below, we analyze the best micro-cap cryptocurrencies to invest in today.

It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin. The market capitalization of the GALA token is $4.3 billion presently, with a supply cap of about 35 billion GALA and a circulating supply of nearly 7 billion GALA. The specialized calculation of the GALA token indicates that the price is still bullish in the long term. Micro-cap cryptocurrencies have a market capitalization of under $300 million. In a similar way to micro-cap stocks, this market is attractive to investors that seek huge returns. This is why the Love Hate Inu (LHINU) and Fight Out (FGHT) presales are proving so popular.

Due to the incredible fundamentals of this project, we at Crypto Academy predict that the price of GALA can increase in the coming years at large rates. With the importance of metaverse-related projects increasing every day, Gala could become one of the most important assets of the future. The vast majority of crypto presales will offer access to a newly https://coinbreakingnews.info/blog/how-to-buy-polymath-how-to-buy-polymath-buypolyin/ launched micro-cap token. This is because presales are fundraising campaigns that help fund a new project. Although TRON has one of the most efficient blockchains for speed, fees, and scalability, it lacks a comprehensive range of DeFi tools. That was until JUST (JST) entered the market with its decentralized suite of lending and earning services.

This is why newly launched presales like Love Hate Inu and Fight Out are so appealing. After all, investors only need to risk a few dollars to gain exposure. Those on a budget are constantly on the lookout for the best micro-cap cryptocurrencies. The reason for this is that even with a small investment, if a micro-cap ‘moons’ the returns can be sizable. After all, if a whale sells a huge chunk of tokens via a single trade, this could wipe a sizable amount of value from the project. Not only do presales allow micro-cap investors to secure an attractive entry price, but there is often an immediate upside on offer.

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