Gala Price Prediction: Will GALA Reach $5 Soon?

  • Bullish Gala price prediction may reach $5
  • GALA may reach the bullish price of $1 in no time

This Gala (GALA) price prediction article is purely based on the opinion of CNL alone. In this article, you will see and learn the analysis we have considered in this Gala price prediction.

Gala (GALA) is one of the most solid blockchain networks in the space nowadays. In the past 12 months, Gala was able to record a growth rate of over +40,000%. This outstanding performance enabled the crypto to attract the attention of investors inside and outside the crypto space. 

Can GALA reach $5 in 2022? Are you already curious to know? But before we proceed to our GALA prediction, let us know first “What is Gala?” in this GALA prediction 2022 article.

Gala Overview (At the time of writing)

CryptocurrencyGala (GALA)
TokenGALA
Price$0.438939
Market Capitalization$3,373,702,350
Total Supply36,490,073,76
Trading Volume$315,857,454
All-Time High$0.824837
All-Time Low$0.00013475

What is Gala (GALA)?

Gala Games is a crypto asset that uses the power of Ethereum to run its network. It aims to make blockchain games that users actually want to play. Furthermore, the GALA network enables its users to own non-fungible tokens (NFT) and influence the governance of games. Indeed, this is a great feature that will allow gamers to own collectibles found in the games. 

Now that we already have an idea about Gala do you think GALA will be beneficial crypto in 2022? Therefore, what are we waiting for? Let us see the charts in this GALA price prediction. 

Gala Price Prediction 2022

The chart below shows that GALA has performed great over the past few days. Moreover, the GALA price shows a As of the time of writing, GALA trades at $0.44 with a 24-hour trading volume of $315,857,454. It has a huge market capitalization of over $3 billion.

Source: TradingView

As seen in the graph above, Gala remains in its position above the Arnaud Legoux Moving Average (ALMA) indicator. This means that the crypto is maintaining its uptrend spot despite the wild volatility of the market. 

If GALA will be able to keep this trend, GALA might be able to climb its spot above its current trading further and smash the bullish price of $.60 and above.

Source: TradingView

In terms of Fibonacci indicator, GALA resides within the Fibonacci level of 0.76, a decent position. Furthermore, we can see that GALA is consistent to hold its spot on the 0.76 Fib level on a daily time frame. 

If GALA can push itself higher from its current position, it may have the chance to touch and break out from the Fibonacci level of 0.68, the golden ratio. If this happens, GALA may attract the attention of the bullish market and pump its price all the way from $0.7 to $1 or even higher. 

But of course, this price forecast will still depend on the bullish market and the behavior of its investors in the platform. 

Source: TradingView

Meanwhile, the crypto’s Relative Strength Index (RSI) is still within the 70/30 range. In short, GALA is neither overbought nor oversold. This means that users can trade with confidence without the fear of any major price reversal. However, if the price of GALA goes beyond the 70/30 range again, it will be a different story. 

Nevertheless, it is wise that traders stick to the rules of the indicator that they are using. Through this, traders can have a solid strategy on how to deal with the wild swing of the crypto market.

Market Prediction for GALA Price 2022

Digitalcoin

Digitalcoin is one of the trusted names in the crypto world, as the firm claims. This is because it has already established accurate cryptanalysis and the latest news stories over time. For this reason, the 2022 forecast of Digitalcoin for GALA amounts to $0.59.

Wallet Investor

By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for GALA amounts to $1.2.

Market Prediction for Gala (GALA) Price 2022, 2023, 2024 and 2025

Gala (GALA) price prediction 2022 is up to $0.68 (estimated)

Gala (GALA) price prediction 2023 is up to $0.77 (estimated)

Gala (GALA) price prediction 2024 is up to $0.85  (estimated)

Gala (GALA) price prediction 2025 is up to $0.87  (estimated)

Conclusion

Gala (GALA) continues to be one of the aggressive and solid digital assets in the crypto space. Therefore, the conclusion for the Gala price prediction in 2022 amounts to $2. However, this forecast still depends on how the market will treat Gala in the future.

FAQ

Gala (GALA) a good investment?

Gala (GALA) is one of the iconic networks in the crypto space. In fact, GALA was able to record a huge growth rate of over +40,000% in the past 12 months. Through this, we can say that GALA is a potential virtual asset in the crypto space and a good investment.

Will Gala (GALA) prices go up?

The price status of GALA depends on many different factors, and one of them is the current market situation. If GALA is able to invite more traders and stakers to the platform, there is a big chance that the price of GALA will go higher.

Why is Gala going down?

The crypto market is very unpredictable due to volatility. Any crypto in the space cannot evade these wild market swings of the market. One factor to consider is the massive dumping of tokens made by the whales in the GALA network, an event that is very uncontrollable.

How to buy Gala (GALA)?

The GALA crypto is one of the freshest projects in the space. Therefore, the crypto is just getting started in expanding its reach to the space. The Binance exchange is one of the famous crypto exchanges supporting GALA crypto.

Is Gala (GALA) Crypto?

Yes, GALA is a crypto that uses blockchain technology.

Disclaimer: The technical analysis expressed in this article does not necessarily reflect the views of CryptoNewsLand (CNL). Readers of this article should not take this as financial advice. CNL strongly recommends that all users do their own in-depth research before investing in cryptocurrency.

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