Gala price prediction 2022: Will the crypto hit $1?
GALA continues to be on the decline in the new year after reaching an all-time high nearly two months ago.
The November 26 2021 high of $0.8367 was cheered by investors who are keen on the growing industry of decentralized games, non-fungible tokens (NFT) and the metaverse.
Gala is trading at $0.3045, down 4.08%, according to .
Cryptocurrencies are very complex and you should always be very careful before parting with money, as you could lose all the cash you put in.
Cryptos are especially volatile, so their values can make large swings with no notice.
Newer cryptocurrencies are also riskier than more established ones, such as Bitcoin, and make you more vulnerable to scams.
Interested investors are advised to do their research.
If you're keen to invest regardless, we explain what you need to know about Gala below - and future price predictions.
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What is Gala?
Gala is a token in the gaming and NFT space.
It's used on Gala Games which is a platform created in 2019 by one of the co-founders of Zynga, an $8billion gaming company.
Gala is used as the medium of exchange between people who are playing.
The tokens can be used to pay for items within the game.
John Vasquez, known as Coach JV, is a crypto expert and founder of 3T Warrior Academy who told The Sun: "Gala has a great foundation.
"Gala gives their players true ownership of their in-game items and they do this with the use of NFTs."
Some of the popular games on the network include Town Star, Spider Tanks, Mirandus and Fortified.
Gala price predictions
The Gala token began trading in September 2020.
Gala has fallen by 32.50% in the past seven days, according to .
When Gala hit a high in November 2021, Coach JV said: "My 3T Warrior Academy research team and I are super bullish on Gala.
"The gaming industry is roughly a $175billion industry and is one of the largest media categories by revenue."
Meanwhile, expects the cryptocurrency to hit $1.107 in one year's time and $4.231 in five years.
And estimates Gala will reach an average value of $0.48 in 2022, $1.41 in 2025 and $3.03 in 2027.
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These price predictions are far from guaranteed though, so you should take them with a pinch of salt.
We've also revealed price predictions for other cryptocurrencies including Bitcoin, Dogecoin, Shiba Inu, dYdX, and EOS.
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