Gala crypto coin is a relatively new player in the crypto market, but it's been making waves with its unique approach to gaming and entertainment.
Gala is built on the Ethereum blockchain, which provides a secure and transparent platform for transactions.
One of the standout features of Gala is its focus on community-driven projects, allowing users to create and participate in their own games and experiences.
Gala has a total supply of 2 billion coins, with a current circulating supply of around 1.2 billion.
Market Data
The GALA price is currently at $0.03924, up 4.63% in the last 24 hours.
GALA has gained 400% since the start of November, taking it into the top 50 cryptocurrencies by market cap.
The live market cap is $1,657,702,307, and the circulating supply is 42,244,773,811 GALA coins.
There's a max supply of 42,245,100,077 GALA coins, and the 24-hour trading volume is $333M.
The GALA price has been up an incredible 34,200% since January 1, 2021.
Statistics and Features
GALA's price has been known to fluctuate, reaching a 24-hour high of ₹3.5997 and a 24-hour low of ₹846.9.
The 7-day high for GALA is ₹3,666 Cr, while the 7-day low is ₹613.71.
GALA's all-time high is ₹3,590.0, and its all-time low is ₹25.415.
A Brief History
Gala Games was launched in 2020 by founders Eric Schiermeyer and Michael McCarthy to create a gaming environment that gives its players complete ownership and control over their in-game assets.
Eric Schiermeyer was formerly a part of Intermix Media, the business behind MySpace, and the co-founder of Zynga, a billion-dollar company founded in 2007 to connect the world through games.
The company prioritised decentralisation from the get-go, rejecting an early distribution like an initial coin offering (ICO) or presale to allow for an organic release of the tokens via its node network.
Gala Games's initial plan was to expand the gaming network by selling 'Founder's Nodes', which form the basis of Gala Games's ecosystem and give rewards via Gala tokens, NFTs, and governance authority.
GalaChain was created to significantly cut network costs and provide higher scalability than Ethereum, and the company has made progress in developing ties with companies like Frank Miller, Under Armour, and AMC’s The Walking Dead.
The GALA token has a fixed maximum supply of 50 billion units, with close to 7 billion GALA currently circulating, representing about 14% of the maximum total.
Gala Games has a staggering 1.3-plus million active users.
Circulating Supply
The circulating supply of a cryptocurrency is a crucial metric to consider. It's the total number of coins or tokens that are currently in circulation, available for trading or use.
The circulating supply is calculated by subtracting the total supply of a cryptocurrency from its total supply, which includes all coins or tokens that have ever been mined or created. This means that the circulating supply is always lower than the total supply.
The circulating supply of Bitcoin, for example, is around 19.2 million, which is about 75% of its total supply. This is because Bitcoin's total supply is capped at 21 million.
The circulating supply of a cryptocurrency can have a significant impact on its price and value. As more coins or tokens enter circulation, the supply of a cryptocurrency can increase, which can put downward pressure on its price.
Statistics
The Gala price has reached an all-time high of ₹3.5997, a significant increase from its all-time low.
Gala's 24-hour high and low prices are ₹3.5997 and ₹3.366, respectively, indicating a volatile market.
The 7-day high and low prices are ₹3.5997 and ₹3.366, respectively, showing a consistent trend.
In the last 30 days, the high and low prices of Gala are ₹3.5997 and ₹3.366, respectively, demonstrating a steady increase.
The trading activity of Gala shows a significant buy interest with 59% of trades being buys.
The trade volume of Gala in the last 24 hours is ₹2,276 Cr, indicating a high level of activity.
The price change of Gala in the last 24 hours is 4.8%, a significant increase from its previous price.
The trading activity of Gala shows a significant sell interest with 41% of trades being sells.
Primary Features
Gala Games gives users the power to make decisions about the platform through its governance mechanism, allowing them to participate in decision-making processes using the GALA token.
The Founder's Nodes regulate users' involvement and determine funding requirements for different games.
Users can participate in making decisions about the platform using the GALA token.
Gala Games has already released two completed games, Town Star and VOX, for its users to enjoy.
A tower defense game and a fantasy RPG game are also in the works, catering to the platform's sci-fi enthusiasts.
Buying and Using
Buying Gala is a straightforward process that can be completed in minutes. You can sign up for an account on popular exchanges like Coinbase, Sushiswap, Gate.io, Uniswap V3, KuCoin, Bitrue, etc.
To get started, you'll need to create an online account and undergo a standard KYC procedure, which typically requires personal information such as your full name, phone number, proof of ID, social security number, and email address.
You can choose a cryptocurrency exchange that best suits your needs, and many exchanges support GALA, some even let you buy it directly with cash. Software wallets like Coinbase Wallet and Metamask are good choices for many investors, but consider acquiring a hardware wallet for safety.
You can fund your account using a payment method that best suits you, such as bank transfer, credit or debit card, wire transfer, or alternative funding methods like Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit supported cryptocurrencies, like Bitcoin, directly into your exchange account and trade Bitcoin for GALA.
You can buy GALA tokens by exchanging your funds for GALA on the exchange. You can choose between a market and a limit order, and the buying process is as easy as entering the amount you want to purchase and clicking "buy" on most exchanges.
Here are the top exchanges to buy GALA, along with their 24-hour trading volumes and prices:
How to Buy
To buy Gala, you can sign up for an account in minutes to buy crypto using a credit card or bank transfer. You can choose a cryptocurrency exchange that best suits your needs, such as Coinbase, Sushiswap, or Gate.io.
Most crypto exchanges require personal information to register, including your full name, phone number, proof of ID, social security number, and email address. You'll also need to undergo a standard KYC procedure.
You'll need a wallet to store your Gala tokens safely. Software wallets like Coinbase Wallet and Metamask are good choices, but consider acquiring a hardware wallet like Ledger Nano S or X for long-term secure storage.
To fund your account, you can deposit fiat currencies using a payment method that suits you, such as bank transfer, credit or debit card, or wire transfer. Some exchanges also accept alternative funding methods like PayPal or Apple Pay.
To buy Gala tokens, you can exchange your funds for GALA on the exchange. You can choose between a market and a limit order, where you set the GALA price you're ready to pay for the tokens.
Here are the top exchanges for buying Gala, along with their 24-hour trading volume and price:
How to Use?
To use Gala, you can buy items, upgrades, and other in-game assets with it. Gamers on the Gala Games network can use the coin for this purpose.
Large holders of the coin can participate in governance discussions and votes.
Pros and Cons
The GALA crypto coin has some exciting advantages that make it worth considering. Expert price forecasts suggest positive growth in the near future.
One of the most promising aspects of GALA is its potential to revolutionise the gaming industry with a more freedom-oriented blockchain concept.
It utilises a wide range of blockchains to use three integrated consensus mechanisms, giving it a unique edge over other coins.
GALA faces stiff competition from projects like Decentraland and The Sandbox, which might be a challenge to overcome.
The intuitive and easy user interface makes it accessible to beginners, who can easily monitor their investments.
If you're considering investing in GALA, it's worth noting that some analysts suggest it could be an excellent long-term investment.
FAQ
Gala crypto coin is a decentralized platform that rewards users with GALA tokens for creating and consuming digital content.
GALA tokens are used to incentivize creators to produce high-quality content, which in turn attracts more users to the platform.
The Gala crypto coin has a total supply of 10 billion tokens, with 20% allocated for the team and advisors.
You can buy GALA tokens on major cryptocurrency exchanges, including Binance and Huobi.
Gala's unique tokenomics ensure that the token's value is not artificially inflated by large token holders.
Forecast and Future
Gala (GALA) is a cryptocurrency that has a dedicated community and a strong market presence. The price prediction for Gala (GALA) from 2025-2030 is based on accurate trader-friendly technical analysis indicators.
Gala (GALA) is predicted to have a future movement that can be analyzed using technical analysis indicators. The price patterns of GALA will be crucial in determining its future movement.
The article from AMBCrypto warns users that any reliance on their content is solely at their own risk and discretion. No part of the content provided constitutes financial advice on coin prices or legal advice.
Gala (GALA) has a 24H technicals section that provides important information for traders. The technical analysis indicators used to predict the future movement of GALA will be crucial in determining its price.
It's essential to note that the price prediction for Gala (GALA) from 2025-2030 is not a guarantee of its future movement.
Frequently Asked Questions
Is gala coin a good investment?
GALA coin may be a good investment for the long term, with expert price forecasts suggesting positive growth. Its innovative blockchain concept could revolutionize the gaming industry, making it a promising opportunity to explore further
Will the gala reach $10?
Reaching $10 is highly unlikely in the near future due to the low probability of sustained growth and widespread adoption. However, it's not impossible, and GALA's potential for growth is worth exploring further.
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