Gala Coin Introduction
What Gala Coin?
Over the past six months, the GameFi industry. which combines the play-to-earn (P2E) feature and non-linear tokens (NFTs). has taken over much of the blockchain and cryptocurrency universe. Gala Games is a platform that builds a wide range of blockchain-powered games. each of which gives players real ownership of their in-game. content through non-binding tokens (NFTs).
Launched in 2020, the stadium was one of the first movers in the gaming niche to make a profit. rewarding players in the form of GALA tokens for playing their game list. Charged as a platform for “blockchain games you want to play”. Gala Games prioritizes game quality rather than introducing MVP-type games. that are often seen on the gaming platform for your benefit.
The arena is a natural system of player-controlled and controlled games. each of which offers something different to engage the audience. The forum makes up of a team of 60 and has over 1.3 million active users worldwide. Gala Games chief executive Eric Schiermeyer is also one of the founders of Zynga. The most popular social game developer.
How Do Gala Games (GALA) Work? – Gala Coin
Gala Games is like the Steam or GOG store because it includes a wide range of games that users can choose and play. But, unlike these stores, all games are 100% free to play and access to the blockchain via an extended app (DApp).
To date, Gala Games operates in a total of five different games – these are:
Mirandus: A fantasy RPG where players fight monsters in various locations. and build their world to earn a living.
Spider Tank: Spider Tank is a multiplayer online battlefield. (MOBA) that allows players to take it out on various maps using their spider tanks and various weapons.
Town Star: A city-building and development game. that allows players from all over the world to compete for NFT titles.
Reinforced: A PvP tower defense game in which players see their strategies. set to test using assets held by various players.
Echoes of Empire: A popular sci-fi strategy game that sees players. fight with rare resources spread across the universe.
Players will also find a full-fledged NFT store, which supports. all in-game assets held by the player. These items divide into six rare classes: Common. Unusual, Unusual, Epic, Myth, and Ancient. and can be bought or sold for many cryptocurrencies. thanks to its integration with CoinPayments.
What is GALA? GALA Token Address – Gala Coin
GALA token contract addresses can find on both Etherscan and BscScan.
The forum incorporates its own traditional usage token, known as GALA. These used as the main digital assets within the Gala Games. ecosystem for purchasing items, peer payments, reward nodes, and more.
Users can also contribute to the Gala Games ecosystem through the Gala Node. This requires users to buy a license, after which they will be able to use node software. from their home computer and earn rewards in the form of GALA tokens, as well as NFTs that are likely to be rare. As it stands, this license costs ~ $ 13,000 in Ethereum (ETH), GALA, or Basic Attention Token (BAT). The total number of nodes that can take part in this process is up to 50,000.
What Makes Gala Games Different? – Gala Coin
Gaming games to get and enable blockchain with player assets. are not new to the cryptocurrency industry. But, Gala Games has a few tricks that no doubt help it burn its trail in this crowded space.
Here, we look at some of its most distinguishing features:
Built on the Binance Smart ChainBilt on the Ethereum blockchain. Gala Games recently used p. Network Bridge DApp to integrate. the GALA token into Binance Smart Chain as a BEP-20 asset. This allows players to reduce purchasing costs when using or using their GALA tokens.
Many Games
Games on the Gala network offer a powerful blockchain game. experience where the arena has almost half of its games in its development list. These include RPG games, space exploration games, tower defense games, and more.
Built-in Store
Gala Games makes it easy for players to buy and sell in-game items in a built-in marketplace. This allows users to earn money to damage their game.
It has Public Power
The Gala Games network relies on community nodes that help power the stadium. A team of developers and working staff consults with. the community to determine which games/features are most needed by the community.
This helps to ensure that resources use. to bring about the sport and feel that people want and to produce goods for your community.
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Great Community
Unlike many gaming consoles to win. often with a player base of tens of thousands to hundreds of thousands. Gala Games has an amazing 1.3+ million active users. As a result, games launched. on the platform are likely to be among the most popular P2E games in the blockchain space from the bat.
GALA Tokenomics
The GALA token has a fixed largest of 50 billion units. Of this, about 7 million GALA are currently circulating. This represents ~ 14% of the total value. According to official GALA documents. a total of 17,123,286 GALA accounts distribute daily. partly to the node operator nodes, and the other part to the Gala Games Conservatorship.
Like Bitcoin and many other cryptocurrencies. Gala Games has included a half cycle in its release system. Emissions each year on July 21. The next phase for July 21, 2022, will see gas emissions drop to 8,561,643 GALA per day.
GALA Token Address
GALA token contract addresses can find on both Etherscan and BscScan.
GALA Token Price Prediction 2022
Following its listing on Binance on September 13, 2021. the GALA token reached its highest value at all times, at $ 0.07633 per token. the trading volume of digital assets has doubled following the news, seeing it rise from ~ $ 4 million a day. to more than $ 500 million as of writing.
As it stands, there are many reasons why a person might want to receive a GALA token (beyond guessing). These include in-game purchasing, node usage, and increasing in-game revenue. But, most Gale Games games are not yet live. As it stands, four out of five titles are still developing. while Town Star is the only game ready to play (in its beta version). With 1.3 million users ready to includes in these games. it is clear that there may be a significant increase in demand for the GALA token.
What’s more, some games are like a few modern gaming games for profit. yet every stadium has a current market of ~ $ 400 million. For example, the Gala Games ’Echoes of Empire game shares. the similarities of the acclaimed Star Atlas. while the Town Star is like the infamous My Neighbor Alice.
The platform is developing a high-speed native blockchain. platform to reduce payments and ensure the support of up to tens of thousands of users. Besides the fact that Star Atlas and My Neighbor Alice are the only ones in the Gala Games market.
That, it is important to note that GALA suffers from significant. inflation.14% of the current supply is circulating. while more than 17 million new tokens enter the stream each day. Considering its current value of $ 0.048, about $ 30 million. to its market capitalization each month.
All in all, despite the high inflation. the Gala Games still have a lot of space left in the tank to continue to grow. assuming the team can deliver on its promise of producing exciting, balanced games.
2022 Gala Coin News
This Gala Price Prediction 2022 article is on technical analysis only. Below, you will see the key metrics we have considered in coming up with our GALA price analysis a. is nd forecast.
Gala (GALA) is one of the most active cryptocurrencies that has taken the crypto world by storm this year. To be clear, crypto managed to earn a very high of $ 0.836 on November 26, 2021. This amazing performance of GALA makes the network attract crypto investors worldwide.
Can GALA reach $ 2 by 2022? We’ll find out soon. But before we move on to our analysis of GALA, let us first answer the question “What is Gala?” in this 2022 GALA forecast article.
Gala Coin News 2022
As of the time of writing this Gala price analysis, GALA is trading at $ 0.49 with a 24-hour trading volume of $ 809,609,201. The price of GALA has risen 0.51% in the last 24 hours. Besides, GALA has a current rotating supply of 6.98B GALA. Currently, GALA’s top cryptocurrency exchanges are Crypto.com.
Now, let’s move on to the next part of this 2022 GALA technical analysis.
Gala Price Analysis
Currently, GALA ranks 44th in CoinMarketCap. But will the latest developments, improvements, and changes in. the GALA blockchain help the price of cryptocurrency reach higher? Let’s move on to the charts in this GALA pricing forecast article.
In the daily time chart shown above, we can see the Symmetrical Triangle Pattern. This pattern indicates the consolidation period. which may lead to a decrease in price or exit.
The Relative Strength Index (RSI) is above 48.11, which means that GALA is in a low position. With this, the traders need to remain vigilant while trading, to avoid further losses.
Conclusion
Let’s take a look at Simple Moving Average (SMA) and GALA’s Exponential Moving Average (EMA). Besides, this instability, integration, and instant change. Considering this, GALA has a competitive market for the year 2022.
