GALA is drawing the attention of cryptocurrency watchers as its price hit a new all-time high today, November 17.
The rising price is being applauded by investors welcoming the growing industry of decentralized games, non-fungible tokens (NFTs), and the metaverse.
Gala is trading at $ 0.1886, an increase of 45.13%, according to CurrencyMarketCap.
CRYPTOCURRENCY They are very complex and you should always be very careful before you part with the money, as you could lose all the cash that you put in.
Cryptocurrencies are especially volatile, so their values โโcan cause big changes without warning.
Newer cryptocurrencies are also riskier than more established ones, like Bitcoin, and make you more vulnerable to scams.
Interested investors are advised to do their research.
If you are interested in investing independently, we explain what you need to know about Gala below and future price predictions.
What is Gala?
Gala is a token in the gaming and NFT space.
It is used in Gala Games, which is a platform created in 2019 by one of the co-founders of Zynga, an $ 8 billion gaming company.
Gala is used as a means of exchange between the people who are playing.
Tokens can be used to pay for in-game items.
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 her players true ownership of their game elements and they do so with the use of NFT."
Some of the popular games on the net include Town Star, Spider Tanks, Mirandus, and Fortified.
Gala price predictions
The Gala token began trading in September 2020.
Gala is up 93.57% this week, according to Coinbase.
Coach JV said: "My 3T Warrior Academy research team and I are very optimistic about Gala.
"The gaming industry is roughly a $ 175 billion industry and is one of the largest media categories by revenue."
In the meantime, Wallet investor expect the cryptocurrency to reach $ 0.172 in one year and $ 0.469 in five years.
AND Net Prediction Price He estimates that Gala will reach an average value of $ 0.20 in 2022, $ 0.60 in 2025 and $ 1.31 in 2027.
However, these price predictions are far from guaranteed, so you should take them with a pinch of salt.
We have also revealed price predictions for other cryptocurrencies, including Bitcoin, Dogecoin, Shiba Inu, dYdX, and EOS.
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