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Gala Price Prediction — Will GALA Price Hit $2 in 2022?

Gala Price Prediction Market

This Gala Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our GALA  price analysis and prediction. 

Gala (GALA) is one of the most active cryptocurrencies that took the crypto world by storm this year. To be specific, the crypto was able to achieve an all-time-high price of $0.836 on Nov 26, 2021. This amazing performance of GALA enables the network to attract crypto investors around the world.

Can GALA reach $2 in 2022? We will find out shortly. But before we proceed to our GALA analysis, let us first answer the question “What is Gala?” in this GALA prediction 2022 article. 

What is Gala (GALA)?

Gala Games gives players back control over how their games are played by taking the gaming industry in a different direction. The mission of Gala Games mission is to make “blockchain games you’ll actually want to play.” 

By bringing players together, the project hopes to change the fact that they can spend hundreds of dollars on in-game assets, and countless hours playing the game, all of which can easily be taken away by the click of a button. Blockchain technology will be used to give players control over games and in-game assets, a move that will reintroduce creative thinking in games.

Within the Gala Games ecosystem, players can own non-fungible tokens (NFTs) and influence the governance of games. With the Founder’s Nodes voting mechanism, players can influence which games Gala should develop and which should receive funding. Players can also buy NFTs for their favorite games. In addition, Gala Games uses GALA, its own utility token. Gala Games has so far released one playable game – Town Star – and a series of NFT collectibles – VOX. The company plans to release more games in the future, such as a fantasy RPG game, a sci-fi strategy game, and a tower defense game.

A total of 26,000 NFTs have been sold, with the most expensive piece valued at $3 million, since Gala Games launched in 2019.

Now that we are clear about Gala do you think GALA will be beneficial crypto in 2022? Join me and let us see the charts in this GALA price analysis and GALA price prediction. 

Gala Current Market Status

As of the time of writing this Gala price analysis, GALA trades at $0.49 with a 24-hour trading volume of $809,609,201. The price of GALA has increased by 0.51% in the last 24 hours.

Furthermore, GALA has a current circulating supply of 6.98B GALA. Currently, the top cryptocurrency exchanges for GALA are Crypto.com Exchange, Binance, OKEx, FTX, and Huobi Global.

Now, let’s proceed to the next part of this GALA technical analysis for 2022.

Gala Price Analysis

Currently, GALA holds 44th place on CoinMarketCap. But will the latest upgrades, development, and changes in the GALA blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this GALA price prediction article.

GALA/USDT chart showing Symmetrical Triangle pattern
GALA/USDT chart showing Symmetrical Triangle pattern (Source: TradingView)

In the daily time frame chart shown above, we can see the Symmetrical Triangle Pattern. This pattern shows the period of consolidation that may lead to a price breakdown or breakout. In the foreseeable future, we can say that GALA has a higher chance of going bullish than bearish.

GALA Relative Strength Index
GALA Relative Strength Index (Source: TradingView)

The Relative Strength Index (RSI) is above 48.11, which means that GALA is in a nearly oversold state. With this traders need to stay cautious while trading, turning away from further losses.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of GALA.

GALA 30-day SMA and 50-day EMA
GALA 30-day SMA and 50-day EMA (Source: TradingView)

Since the start of 2022, GALA’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, GALA has a competitive market this 2022. 

Gala Price Prediction 2022

The chart below shows that GALA has performed great over the past few days. Moreover, the GALA price shows a bullish trend. If this trend continues, GALA might run along with the bulls, overtaking its $1.006  resistance level and moving higher.

GALA/USDT Price Chart
GALA/USDT Price Chart (Source: TradingView)

Conversely, if the investors turn towards crypto, the bears might take over and push GALA from its uptrend position. In simpler terms, the price of GALA might plummet to almost $0.384, a bearish signal.

Meanwhile, our long-term GALA price prediction for 2022 is bullish. It has a high possibility of reaching new heights. More so, this will only happen if it breaks many past psychological resistances.

Gala Price Prediction 2023

If this bullish trend continues, GALA will reach $3 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $3.5. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $3 is quite optimistic in the price point of view but undoubtedly feasible for the GALA future.

Gala Price Prediction 2024

If GALA holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $5, making it not plummet but play consistently.

Gala Price Prediction 2025

As per the latest upgrades, developments, GALA price prediction, and new project forecasts of the platform, GALA investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of GALA in the crypto market, and it will be the best investment as the price can spike and reach around $10.

Gala Price Prediction 2026

In the next four years, GALA’s price could race up to $25. However, reaching this level could not be so difficult for GALA as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that GALA has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

GALA has a bright future ahead of it in 2022. With the ongoing developments happening within the GALA ecosystem, as well as in the overall crypto market, we may see GALA reach new heights.

Bullish GALA price prediction 2022 is $2. As said above, it may even reach its new ATH if investors have decided that GALA is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Gala?

Gala Games aims to take the gaming industry in a different direction by giving players back control over their games. Its native token is GALA.

How to Buy GALA Tokens?

Users can obtain GALA tokens by purchasing them from cryptocurrency exchanges such as        Crypto.com Exchange, Binance, OKEx, FTX, and Huobi Global.

Will GALA Surpass its Current ATH?

GALA is a good investment in 2022. Moreover, GALA has a high possibility of reaching new heights this year.

Can GALA reach $2 soon?

Yes, it’s very much possible that GALA might reach $2 in the GALA future as per the current bullish trend.

What will be the Gala price by 2023?

Gala (GALA) price is possible to reach $3.5 by 2023.

What will be the Gala price by 2024?

Gala (GALA) price is possible to reach $5 by 2024.

What will be the Gala price by 2025?

Gala (GALA) price is possible to reach $10 by 2025.

What will be the Gala price by 2026?

Gala (GALA) price is possible to reach $25 by 2026.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.