An in-depth look into Gala coin token and its use
It is a platform that aspires to revolutionise the gaming industry by restoring power to gamers. Currently, gamers spend numerous hours playing the game and investing in its in-game purchases, which can be removed anytime. Users may use Gala to purchase things, upgrades, and other in-game assets and as the governance token.
When was the Gala coin launched?
The project's native token is already popular among gamers and cryptocurrency fans. The play-to-earn principle is applied here: the more tickets you earn, the more you play. Officials noted that it allows them to make free-to-play games lucrative while providing gamers more control over NFT in-game assets. Aside from being a fun and easy method to earn cryptocurrency, they also offer the opportunity to participate in the gaming industry's future by allowing players to vote on critical game development choices.
The ecosystem powers all transactions inside the ecosystem. It offers a diverse selection of games to cater to all sorts of gamers, with all transaction data recorded on the blockchain. The token also powers the marketplace, where players may purchase and trade in-game things. Like an ERC-20 token, users can save Gala on any ERC-20 wallet. The network will let users purchase, sell, or exchange assets using the token.
Is the Gala coin a good investment?
Firstly, because the token is still relatively new, there is room for price growth. Secondly, the token's organisation has prior expertise in the gaming and blockchain sectors, giving them a distinct viewpoint on applying blockchain technology to produce a more efficient and user-friendly experience.
Thirdly, they have already worked with several well-known companies in the gaming business, giving them an advantage over their competitors. Finally, factors such as the growing popularity of NFTs and crypto games indicate that this currency is in high demand.
There are only 50 billion tokens, making it an excellent investment: the token's value may increase as demand develops. The game has over 1.3 million players, and the community is growing. The token's staff is continually enhancing the games ecosystem and increasing the number of Gala games accessible, making it an ideal long-term investment with price growth potential.
Gala coin price prediction
The circulating quantity of Gala tokens is around 7 billion tokens. On the cryptocurrency market, the token achieved an all-time high of $0.8367 on November 26, 2021. It traded in September 2020 for its minimal value of $0.00149.
The coin's average price will most likely be $1. However, according to projections, this will take at least eight years.
Author: Emmanuel Baiden
7 years experience within the financial services sector most notably in Sales, Trading, research and writing articles within the crypto space. I have a bachelor's degree in International Business and a Master's in Investment and Risk Finance . I am also an associate member of the Chartered Institute for Securities and Investment.