There’s a lot of excitement in the cryptocurrency world right now. GALA crypto is one of the currencies that has been making waves in the crypto world. Surprisingly, the GALA coin's price has been on a tear lately, which may have you wondering why. Well, that’s why we gathered some facts about Gala Coinfor you. So, read on to find out more about Gala Coin and how to buy this new crypto.
What is GALA Crypto?
GALA is the native token of the Gala Games ecosystem, an NFT Play-to-Earn platform that operates on the Ethereum blockchain. It is a non-refundable token that will be used as the medium of exchange between participants in the ecosystem. The concept of the GALA token is to facilitate a convenient mode of payment for digital goods or in-game items in the Gala ecosystem.
GALA cryptos are awarded based on player rankings. For example, in the game Town Star, the top 100 players are rewarded with GALA. In addition, users can also earn GALA crypto and Limited Edition NFTs by running a Founder’s Node on their PC, which is the backbone of the Gala Games Ecosystem. Basically, a Founder's Node helps to validate in-game transactions and secure the network. Furthermore, Founder’s Node operators have the privilege of voting and deciding which games will come to the Gala Games platform.
Why is GALA Crypto Price Increasing?
On September 13, GALA surged by approximately 250% from $0.02 to hit an all-time high of $0.07 in just 24 hours. The Binance listing of the GALA token was the catalyst for its incredible price spike. Binance tweeted on September 13 that it would be listing GALA on its cryptocurrency exchange, and GALA crypto spiked up almost instantly.
And, on 16 September, Bibox, an artificial intelligence digital assets trading platform, also listed the Gala Games coin. Consequently, on September 18, the GALA coin value rose 488% to the all-time high of $0.1236, according to data from CoinMarketCap. That's a pretty significant jump, and it looks like GALA crypto is on a hot streak.
Currently, the GALA crypto price is $0.531831 USD with a 24-hour trading volume of $780,410,463 USD. The token is down 10.60% in the last 24 hours. Furthermore, the current CoinMarketCap ranking of the token is #50, with a live market cap of $3,710,695,566 USD. So, If you would like to buy GALA crypto, the top cryptocurrency exchanges for trading in GALA stock are currently Binance, Mandala Exchange, OKEx, Huobi Global, and Coinbase Exchange.
Gala Coin Price Prediction
Digital Coin Price expects the token to grow to $0.363 in 2021. The forecasting company sees GALA rising to $0.708 by the end of 2025 and eventually hitting $1.09 in 2028. That's a pretty bullish forecast, so if you're interested in purchasing GALA crypto, it might be a good idea to buy now before its price skyrockets!
Note that algorithm-based price predictions can be wrong. Use the forecasts as a starting point for your own research. Don’t use these forecasts to make an investment decision. Do your own research, and make decisions that align with your own personal investment goals and time frames.
Check back here for more updates on GALA crypto!