Altcoins: GALA (GALA) - What Is It? - A Deeper Look Into the GALA (GALA) Platform
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Summary:
- What is The GALA (GALA) Platform and how does it work?
- Advantages of the GALA exchange.
- GALA ’s past, present and future price positions.
Read next: Altcoins: GALA (GALA) - What Is It? - A Deeper Look Into the GALA (GALA) Platform
The Gala Network
Gala Games wants to change the gaming landscape by returning ownership of the gaming experience to the gamers. Making "blockchain games you'll actually want to play" is Gala Games' goal. The goal of the project is to make it so that gamers can no longer spend hundreds of dollars on in-game items and endless hours playing games that can be taken away from them at any time with the push of a button. By providing players authority over the games and in-game assets with the aid of blockchain technology, it aims to bring back creative thinking in gaming.
In the Gala Games ecosystem, players can control game governance by owning non-fungible tokens (NFTs). Gamers can vote on which games should be funded and developed by Gala via the Founder's Nodes voting system. Gala Games uses its own utility token, GALA, in addition to purchasing NFTs for particular games. Gala Games has thus far only made available one playable game, called Town Star, and one NFT collection series, called VOX. Future game releases are planned, including fantasy RPGs, sci-fi strategy games, and tower defense games.
Gala Games is not just one game; rather, it provides a wide selection of several blockchain games that prioritize pleasure above blockchain. Town Star, the sole playable game at the moment, is a browser-based simulation of a town. Similar to SimCity's gameplay, players of Town Star truly own the town they are managing.
The current market capitalisation for GALA is currently, $378,910,641. There is a total supply of 35,240,112,493 tokens, 6.98 billion are currently in circulation.
Advantages of the GALA platform
- Profits, GALA offers the opportunity for its users to have a gaming experience and walk away from it with actual value. It is a significant improvement for everyone involved if players have the option to convert and exchange their digital assets both inside and outside of the game environment. Gala developers can also add additional priceless resources to their ecosystems. Blockchain-based games give the market the ability to instantly verify authenticity. Gamers can thus accurately estimate how rare a particular digital item might be. The worth of the object as a whole is increased by this feature.
- Real economies, Gala's ability to include a real economy into its game products is another significant advantage. There are already some sizable MMORPGs on the internet with functional economies. Due to the fact that these markets are solely centered on one video game, they are constrained in terms of both nature and liquidity. Gala's assets may be marketed for sale. Using this technique, the creators can also produce components for several games.
Past, present and future prices of The GALA network (GALA)
The volatility in its price has staggered in both the upward and downward directions, the crypto has seen much volatility, which is a normal trend for the volatile nature of the crypto market.
Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, GALA does fall under this category.
According to some analysts, the future price of The GALA (GALA) network could reach up to $7.54 by 2025 and could see a price of more than $31.25 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions.
GALA Price Chart
Sources: coinmarketcap.com, securities.io
The price of GALA took awihle to take off, the price began to rise in September of 2021 and climbed to its all time high of $0.7121 in late November 2021. Thereafter the price began to fall consistently to date.
