Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Gala Games (GALA) is a platform developed to make blockchain games in a way that you will want to play them. The GameFi industry has recently taken over many blockchain and cryptocurrency worlds with features like play-to-earn (P2E) and non-fungible tokens (NFTs). The platform has a range of blockchain games that provide players with true ownership of their in-game items through NFTs. Gala was launched in 2020, and it is one of the earliest movers in the P2E niche, rewarding players with its native token, GALA, for playing its games. As of 2023, it’s been making headlines for its bullish price action. If you want to invest in the GALA token and earn a good return on your investment, this article will guide you throughout the process. A step-by-step guide to purchasing the GALA token is included in the article. It compares well-known exchanges that let you trade GALA and lists everything you need to buy GALA. How to Buy GALA in 2023 Choose an exchange supporting the Gala token – we recommend Bitstamp or Huobi. Open and verify your account. Deposit funds into your account. Purchase a stablecoin such as Tether (USDT) to convert later. Search for the GALA/USDT trading pair, select ‘Buy’, and convert USDT into Gala. Compare Crypto Exchanges & Brokers Binance Visit Site As with any asset, the values of digital currencies may fluctuate significantly.... Coinbase Visit Site The value of digital currencies can go up or down frequently.... AvaTrade Visit Site 71% of retail CFD accounts lose money.... Libertex Visit Site 74% of retail investor accounts lose money when trading CFDs with this provider.... Rating126.96.36.199 For Beginners Instant Verification Mobile App Wallet Service Coin Selection 0 0 0 0 Rates Trading fees 0.1%0.50%SpreadsSpreads Deposit fees N/AN/AN/AN/A Withdrawal fees N/AN/AN/AN/A Additional features Regulated FCAFCACBI, MiFIDCySEC Min.Deposit $10$2$100100 EUR Leverage 1 - 100xN/A1 - 30xN/A Latest prices by currency Bitcoin $40542$40542$40542$40542 Ethereum $2210.44$2210.44$2210.44$2210.44 XRP $0.626243$0.626243$0.626243$0.626243 Tether $0.999719$0.999719$0.999719$0.999719 Litecoin $73.77$73.77$73.77$73.77 Bitcoin Cash $246.15$246.15$246.15$246.15 Chainlink $15.85$15.85$15.85$15.85 Cardano $0.406395$0.406395$0.406395$0.406395 IOTA $0.343645$0.343645$0.343645$0.343645 Binance Coin $228.89$228.89$228.89$228.89 Stellar $0.122573$0.122573$0.122573$0.122573 Bitcoin SV $53.12$53.12$53.12$53.12 Payment methods Bank Transfer Credit Card Giropay Neteller Paypal Sepa Transfer Skrill Sofort Where to Buy Gala – Best Platforms After extensive research, this article has narrowed down the best platforms to buy GALA for your convenience. The list includes their features, fees, and the reasons they are unique. Best Brokers to Buy Gala 1 – Bitstamp Bitstamp, founded in 2011, is a well-established cryptocurrency exchange platform with over 56 available cryptos. While this is a smaller selection than some exchanges, it is more than enough to satisfy most beginners, and its simplified fee structure makes it an easier (albeit slightly more expensive) point of entry for newcomers; however, more advanced users may prefer to have access to more coins or lower trading fees. Bitstamp, with its simple fee structure and the ability to buy crypto with fiat currency directly from a bank account, credit card, or debit card, can be a good option for those new to crypto and looking to stick to the major coins or even more popular altcoins. Bitstamp Advantages Instant orders: In the United States, you can use automated clearing house (ACH) transactions to instantly deposit funds from your bank account into Bitstamp and begin trading right away; in most states, you can also use a credit or debit card, though this may incur higher fees from Bitstamp and your card issuer. Limit Orders: Set a price for buying or selling a particular cryptocurrency. Stop orders: Set an entry or exit price for your trades to limit potential losses caused by price fluctuations. Trailing stop orders: Establish an entry or exit price point for your trades based on a predetermined bottom that can be adjusted upward if the price rises above its current value. This ensures that you always maintain the same spread between your stop price and the current price, allowing you to capture potential gains you would not have been able to capture with a simple stop order. Market orders: Buy or sell cryptocurrency at the best available market price, sometimes higher than the price available via instant order. Security: Two-factor authentication is now required for all investors performing key account functions. Bitstamp claims to keep 98 percent of its digital assets offline in cold storage, with all assets insured. However, it ranked near the bottom of our review of crypto exchanges regarding security, as determined by crypto exchange security evaluator CER, indicating that it may still have room to grow to become a leader in this category. Customer Service: Bitstamp offers 24-hour customer service, including a phone support line for urgent inquiries. This kind of assistance is hard to come by in the crypto exchange space, so if speaking with a support agent over the phone is important to you, you should give Bitstamp a second look. Fees for Bitstamp: Unlike most cryptocurrency exchanges, Bitstamp charges a flat fee percentage regardless of whether your order is a maker (creates liquidity on the exchange), a taker (reduces liquidity), or made using trading or instant buy platforms. Trading fees will be 0.5 percent for traders with less than $10,000 monthly trade volume. Fees are reduced to 0.25 percent for those trading more than $10,000 but less than $20,000, and they continue to fall as trading volume increases. Bitstamp listed GALA (Gala. Games) on December 13, 2021, and GALA/USD and GALA/EUR trading pairs are available on the exchange. Pros & Cons of the Bitstamp platform: Allows purchasing cryptocurrency with fiat currency using a bank account, debit card, or credit card. Around-the-clock phone support. Available in over 100 countries. No margin trading. Visit Bitstamp 2 – Huobi Huobi Global was founded in 2013 by Leon Li and was initially based in China. Huobi Global’s headquarters were relocated to Singapore and the Republic of Seychelles following China’s crackdown on cryptocurrency exchanges in 2017. Huobi Global is available in most countries worldwide but does not support a few, including the United States and Japan (though users in Japan can use Huobi Japan instead). Huobi Global offers crypto-to-crypto trading with diverse supported assets and low trading fees. The platform, aimed at active traders and institutional investors, supports limit, stop, and trigger orders and margin and futures trading. Institutional traders can also access OTC trade desks, derivatives, and custom trading tools. Global Cryptocurrency Exchanges Huobi Huobi Global offers over 348 cryptocurrencies to users, making it one of the largest crypto selections on a centralized exchange. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), and Polkadot are all popular cryptocurrencies (DOT). New cryptocurrencies are added regularly, and you can view Huobi’s full list of support assets here. Huobi Token (HT), an exchange token, is also available, and token holders are eligible for fee reductions. Deposit: The minimum deposit is $100 USD, and additional fees such as deposit fees, transaction fees, and withdrawal fees vary depending on the currency. Fees: Huobi Global charges reasonable fees for cryptocurrency trading but higher fees for purchasing cryptocurrency with a credit or debit card. Although deposits in fiat currency (such as US dollars) are free, users must pay trading fees. Fees for both makers and takers are charged at a flat rate of 0.2 percent. Depending on the scale volume, it can be as low as 0.1 percent. Huobi Global Trading Fees: Huobi Global charges maker-taker fees, with discounts available for high-volume traders who own HT tokens. You will pay different fees depending on whether you are a maker or a taker in the transaction. Professional accounts require a high trading volume (more than 1,000 BTC every 30 days) and a higher HT holdings requirement (at least 2,000 total). Houbi Global offers customer service via email, phone, online chat, ticket system, and social media platforms. It includes two-factor authentication, cold storage, account freezing, and Bitcoin reserves, among other security features. November 16, 2021, Houbi listed GALA (Gala. Games), and the GALA/USDT trading pair is available on the exchange. Pros & Cons of the Houbi platform: 24/7 customer support. Excellent trading platform More than 350 cryptocurrencies. High-quality cyber security Strong customer support Low trading fees Professional trading tools. Mobile app Not available in the US. No fiat deposits or withdrawals The complex account registration process Visit Huobi 3 – Crypto.com In 2016, Crypto.com, a global cryptocurrency exchange, was founded. It is based in Hong Kong and serves over ten million traders from over 90 countries, allowing you to trade over 250 cryptocurrencies for a low trading fee. The Crypto.com platform is unique in allowing users to stake their cryptocurrency. By staking or holding them in a crypto.com wallet, users can earn up to 14.5 percent p.a. interest. Aside from trading, the exchange offers various other services, such as staking rewards, Visa card benefits, NFT trading, and DeFi products. Furthermore, the exchange provides access to various educational guides through its university portal. This platform is appropriate for users who want to do more than just store their cryptocurrencies. Low fees with cash: If you pay with money transferred from your bank account via ACH or an automated clearinghouse, Crypto.com has no trading or transaction fees. High fees for credit or debit card transactions: In late 2021, fees for credit or debit card purchases were charged at 2.99 percent. Even though these fees are avoidable with some effort, this has historically been the most convenient way to fund a Crypto.com account with cash. In December 2021, Crypto.com announced it would begin accepting instant ACH transactions. Customers previously had to go through their banks to complete ACH or wire transfers, which could take days. Deposit: The minimum account balance on this platform is $1. The maker/taker commission ranges between 0.04 and 0.40 percent. For the first 30 days after the account is opened, credit/debit card purchases are charged at 0% or no fee. In addition, users can earn up to $2000 per referral. Gala Games is a blockchain gaming project to create games that all players can enjoy, blockchain experts or not. It aims to use blockchain technology to give gamers control over their games by owning their in-game items and having a say in the Gala Games roadmap, such as deciding which games the project should develop and fund. The Gala token is the Gala Games ecosystem’s native utility token. Users of the Crypto.com App can now buy GALA at face value in USD, EUR, GBP, and 20+ other fiat currencies and spend it at nearly 70 million merchants worldwide with the Crypto.com Visa Card. Pros & Cons of the Crypto.com platform: More than 20 fiat currencies are supported. A separate NFT platform There are no fees for sending cryptocurrency to other users via the mobile app. It offers up to 8% cashback on its own Visa card. Price alerts Up to 14.5% p.a. interest earnings Competitive fee Pay more for lower balances. Residents of New York are not eligible. Services for the US platform are limited. No customer service via phone. Visit Crypto.com 4 – Bybit Bybit is a new peer-to-peer (P2P) cryptocurrency derivatives exchange looking to make a name in the burgeoning crypto margin/leverage trading market. Although founded in March 2018, Bybit quickly gained traction in the cryptocurrency trading community and onboarding customers. The exchange enables traders worldwide to engage in leveraged margin trading in a limited number of crypto products, with digital assets such as BTC, ETH, EOS, and XRP trading with up to 100x leverage. Bybit, based in Singapore, is a strictly crypto-to-crypto exchange that does not require its users to go through stringent KYC verification and currently generates close to $1 billion in daily trading. ByBit’s Co-Founders Ben Zhou founded Bybit in March 2018, having previously worked as XM’s China District General Manager for seven years. Bybit’s core team has experience in investment banking and the Forex industry, as well as being early blockchain adopters, and XM is a leading brokering service provider. The exchange is headquartered in Singapore, with Hong Kong and Taiwan offices. Its registration is in the British Virgin Islands. Trading with leverage: Bybit Exchange primarily offers perpetual futures products with 100:1 leverage. This indicates they are attempting to connect with established exchanges such as Binance and Phemex, which offer similar non-expiry futures contracts. Key Features Additional noteworthy characteristics include the following: Coin Swaps in a Single Click – Users can easily swap between supported cryptocurrencies from within their accounts. 100,000 TPS per contract – ten times the industry standard, ensuring no overloads. Leverage up to 100x – Bybit’s generous leverage system enables you to maximize your profits. Bybit utilizes cold wallet storage and three daily manual withdrawals to enhance security. Unlimited Withdrawals – Platform users have virtually unlimited trading and withdrawal capabilities. No, Know Your Customer (KYC) – Accounts can be created and managed with just an email address and a username. Fee – Market takers pay a fee of 0.075 percent, while market makers pay a fee of -0.025 percent. As a result, market makers will be compensated when they initiate a transaction. Because of the low fee, market makers are likelier to be active and fill the order book. Pros & Cons of the Bybit platform: Up to 100x leverage on crypto Advanced tools supported by great technology Risk-free test environment to learn and experiment Educational resources Not available in the US Not suited to spot trading Visit Bybit 5 – Binance Binance is one of the world’s largest cryptocurrency exchanges, with low fees, access to hundreds of digital currencies, and enhanced tools for seasoned investors. Binance, on the other hand, is not available to customers in the United States; if you live there, you must use Binance.US, which has less functionality. Read our full Binance review to determine if it’s the right trading platform for you. Binance is well-known for its extremely fast trade execution. Changpeng Zhao, the company’s founder, devised a new system for corresponding orders for high-speed traders before the launch of Binance in China in 2017. While it does not have as many digital currencies and crypto-to-crypto trading pairs as its parent company, Binance offers nearly 60 cryptocurrencies and continues outperforming many other US exchanges. Minimum Deposit: In the United States, the minimum trade is $10. Trading and transaction fees: Binance.US charges a flat 0.1 percent spot trading fee, which is lower than the fees charged by many other US exchanges, including Coinbase (0.5 percent for trading fees plus a flat fee of up to $2.99 per trade, depending on trade amount). Binance.US also charges a 0.5 percent Instant Buy/Sell fee for traders who need to transact quickly. Binance charges a 4.5 percent fee for debit card transfers (in contrast to its global brokerage, Binance. In the United States, credit card purchases are not permitted). Cash deposits and withdrawals are free via ACH bank transfers, whereas bank wire transfers cost $15 per transaction. The fees for cryptocurrency withdrawals vary depending on the cryptocurrency; Bitcoin withdrawals cost 0.0005% of the amount withdrawn, with a minimum withdrawal amount of 0.001 bitcoin. On September 13th, 2021, Binance listed Gala Games (GALA), with available trading pairs including GALA/BTC, GALA/BNB, GALA/BUSD, and GALA/USDT. Pros & Cons of the Binance platform: Over 500 cryptocurrencies for trade A wider range of altcoins More staking options – Binance Earn feature Professional traders have access to all the chart indicators they need Margin trading – long or short on leverage Massive selection of transaction types US customers can’t use the Binance platform, and the Binance.US exchange is very limited High fees for credit card deposits No copy trading Visit Binance 6 – Coinbase Coinbase is the largest cryptocurrency exchange in the United States, with nearly 100 cryptocurrencies available for trading. Coinbase fees, conversely, can be perplexing and significantly higher than some competitors. While Coinbase offers appealing security features, cryptocurrency trading is extremely volatile, so always keep the risks in mind. Platforms for trading: Coinbase users can trade on the original Coinbase platform, which allows users to buy cryptocurrency with US dollars and Coinbase Pro. Coinbase Pro, formerly GDAX, features advanced charting capabilities, allowing users to conduct crypto-to-crypto transactions and place market, limit, and stop orders. Coinbase Earn is a novel approach to “earning while you learn.” Coinbase provides video classes and exams to educate users about cryptocurrency trading and some available cryptocurrencies. By taking the classes, users can also earn certain cryptocurrencies. Fees: Coinbase charges higher fees than other cryptocurrency exchanges (and sometimes has a more complicated fee structure). Coinbase is ideal for cryptocurrency traders who want to trade with ease. Traders need to convert one cryptocurrency to another quickly. Minimum Deposit: To purchase cryptocurrency on Coinbase, a minimum trade amount of $2 is required. Trading and transaction fees: The Coinbase fee structure is a befuddling jumble of elements determined by two factors: On cryptocurrency sales and purchases, Coinbase charges a 0.5 percent spread; rates may vary depending on market fluctuations. Coinbase also charges a fee, either flat or variable, depending on the amount purchased and the payment method used. Speaking about the GALA listing on Coinbase, it was done back on December 13th, 2021. Pros & Cons of the Coinbase platform: Trade against the US Dollar, GBP, or EUR rather than USDT Well-known and trusted by US regulators Instant deposits and withdrawals to/from bank account Remember to use Coinbase Pro for lower fees Higher maker/taker fee than Binance unless your trading volume is very high The Coinbase Pro website is slow and lacks chart indicators Less customer support Visit Coinbase 7 – KuCoin KuCoin is a well-known name in the cryptocurrency industry, having established itself as a prominent one-stop shop for all cryptocurrency transactions. It was founded in 2017 and now provides over 200 cryptocurrencies in over 400 markets worldwide. Crypto Products: Kucoin offers a diverse range of cryptocurrencies, with approximately 750 currency pairs. It can give you experience with less popular coins that are hard to find on popular cryptocurrency exchanges. This platform offers the KuCoin Earn service, which pays interest on cryptocurrencies by staking or lending them. Its mobile app also provides its customers with margin trading and trading bots. Fee: Because Kucoin does not charge monthly or withdrawal fees, its trading fees are among the lowest in the market. The method of transfer you select determines the deposit fee. It claims that one in every four cryptocurrency holders uses its services due to its large customer base. The Kucoin fee can be reduced by holding at least 1000 KCS. The maker/taker fee starts at 0.1 percent and gradually decreases as you advance through the levels. Withdrawal fees vary according to the cryptocurrency. Fees for US citizens who cannot deposit directly into their Kucoin account range from 3.5 percent to 5 percent. The fees for withdrawals and transfers vary depending on the coin. Kucoin is one of the few cryptocurrency exchanges that allows for margin trading. It also enables users to lend out their cryptocurrency holdings to others. Users can also hire trading bots on this platform for a small fee. On August 13, 2021, Kucoin listed GALA on its exchange, with the available trading pair being GALAX/USDT. Pros & Cons of the KuCoin platform: User-friendly exchange Low trading and withdrawal fees Vast selection of altcoins Ability to buy crypto with fiat 24/7 customer support No forced Know Your Customer (KYC) checks Ability to stake and earn crypto yields Complicated interface for newbies No bank deposits No fiat trading pairs Visit KuCoin What is Gala (GALA)? Gala is a platform where many blockchain games have been introduced, and more are set to be introduced in the future. The project is built on two blockchains, Ethereum and Binance. The native token of this platform is GALA, which is used as a medium of exchange on the network. The increasing popularity of the gaming industry and the awareness of blockchain technology means the project is expected to grow much more in the future. Gala Games aims to take the gaming industry in a new direction by giving players control over games. The team behind the project is eager to change the fact that players must spend hours and hundreds of dollars playing the game on in-game assets. Instead, players can own the assets through NFTs and blockchain technology. With the ownership of NFTs, in-game assets, and tokens, the player can also influence the governance of the games within the Gala Games ecosystem. Players can also decide which games should be developed and which must be funded. So far, Gala Games has only released one playable game called Town Star. It has also released an NFT collectible series named VOX. In its fewer than two-year journey, it has announced partnerships with Binance, Will Wright, and Under Armour. The project has also launched a home for NFT collections on VOXverse. There are about 1.3 million active users on Gala Games, and since its launch, about 26K NFTs have been sold on the platform. The native token of Gala Games is an ERC-20 standard token. GALA is a non-refundable utility token that is cryptographically safe and used to exchange money on the platform. It is also not refundable. How do Gala Games operate? Gala Games operates similarly to the Steam store or GOC and provides users with various games. However, unlike the games at these stores, the games on this platform are 100% free and accessed over the blockchain through a DApp. Users can run Gala Nodes that support the whole network, which gives players rewards in the form of GALA tokens, NFTs, and other opportunities. The node ecosystem of Gala Node comprises three types of nodes: PoW, PoS, and Proof of Storage. The Proof-of-Work is the founder node and is a Tier-1 node based on 50,000 fully owned NFTs. They are early supporters of the network, and they get NFTs from all future games with a GALA token from the first game they play. Proof-of-Stake nodes are paid nodes that work only for certain games through a smart contract rental system. Proof-of-storage is free nodes. The games can be fully hosted on the node ecosystem because they don’t need to be hosted by a single company like Amazon S3. Gala Games players can also find a fully-fledged NFT store that backs up the in-game assets owned by players. The in-game items are divided into six categories: common, uncommon, rare, epic, legendary, and ancient. All items from each category can be bought and sold in multiple cryptocurrencies on this platform. This feature has been enabled by integrating with CoinPayments. Gala Games’ fundamentals What it does: Gala Games aims to take the gaming industry in a different direction by giving players back control over their games. Zynga’s CEO is Eric Schiermeyer, also Zynga’s co-founder. There are a total of 60 team members. Date launched: The GALA token was launched in 2019. Is it Worth Buying Gala Games in 2023? Town Star is the only available and playable game on this platform, similar to SimCity. Players manage a town, but here, they own the land. However, the project has been working on different upcoming games under development. Some of them are mentioned below: Mirandus is a fancy role-playing game adventure where players battle monsters in various locations and build their land to earn revenue. Fortified: A Player-versus-Player Tower Defense Game Set in a Fantastical Medieval World Players will compete to build the best tower defense strategies. Echoes of Empire: An epic science-fiction strategy game in which players control parts of the galaxy and own spaceships—the players’ war over the scarce resources scattered throughout the universe. The Spider Tank Project is a multiplayer online battle arena game that allows players to pick a spider tank to battle other players. The game will have an in-game earning mechanism. It is a town-building and development game that allows players worldwide to compete to earn NFTs. Apart from games, Gala Games also hosts an NFT platform called VOX, where all NFT collectibles are stored. The NFTs in this series are called VOXs, and each VOX is unique and rare. In its initial drop, about 8888 VOX were distributed for an average of 0.888 ETH. Besides just being an NFT avatar, VOX has other utilities as well. In the future, players can lock the GALA token and earn VOX coins by playing with their VOX avatar. The owners of VOX can also own their FBX files, which allows them to animate their avatars or even 3D print them in the future. Will the Price of Gala Games Go Up? The GALA token, a notable cryptocurrency, demonstrated a series of price fluctuations and events that contributed to its market performance. Its trajectory has been influenced by factors such as exchange listings, project developments, partnerships, market trends, and external events. The GALA token gained considerable attention after listing on a prominent cryptocurrency exchange the previous year. This event catalyzed a surge in its prices. Additional listings, ongoing projects, integrations, and partnerships in the pipeline are expected to continue driving its value upward. The broader context of the gaming industry is also essential to gauge the token’s potential trajectory. The gaming sector is projected to experience substantial growth, as suggested by the Global Gaming Market 2021–2025 report by Report Linker. The report indicates a predicted expansion of approximately $125.65 billion during this period, marked by a compound annual growth rate of 12%. Given this landscape, gaming-oriented projects like Gala Games are poised for promising prospects soon. The GALA token witnessed a remarkable surge in demand following the release of its first game, Town Star, in November 2021. This game introduced the concept of using unique NFT characters in gameplay and granting players the power to vote on proposed game changes, creating engagement and value for token holders. Notably, news on November 15, 2021, about the limited supply release of Game Node licenses for Town Star triggered a substantial increase in the GALA token’s value. It surged from $0.13 on November 15 to $0.37 within a week. By November 26, 2021, the token reached an all-time high of $0.71, fueled by announcing a new series of VOX NFTs. However, following this peak, the token’s value experienced a decline of 29% by early December 2021, settling at $0.51. The token continued downward until it reached $0.18 on January 22, 2022. However, the GALA token’s value displayed periods of volatility and recovery. In early 2022, it doubled from $0.19 to $0.38 by February 8. However, external events influenced its trajectory, such as a 37% drop within a week after Russia’s invasion of Ukraine. Further, the GALA token faced challenges stemming from the collapse of the FTX (FTT) exchange, leading to a low of $0.01555. The token’s price eventually closed the year at $0.01666. In January 2023, the token experienced a bullish trend due to partnerships in the entertainment industry. The collaboration with Gala Film and notable figures like Dwayne ‘The Rock’ Johnson and Mark Wahlberg spurred a price rally, culminating in a high of $0.06241. Subsequent events, including the collapse of the Silvergate bank, led to a downturn, and the token’s value dropped to $0.0304 on March 11. However, a partnership announcement with the Huobi exchange facilitated a recovery, and as of April 3, 2023, the token’s value stood at approximately $0.0404. Nevertheless, Gala Games prioritizes gameplay quality and overall player experience. This approach contrasts with earlier blockchain games that emphasized cryptocurrency earnings over gameplay. Noteworthy titles like Town Star and Spider Tanks exemplify Gala Games’ focus on competition, cognitive skills, and blockchain integration. Anticipated releases, including The Walking Dead: Empires and Last Expedition, are expected to impact Gala Games. Additionally, Gala NFT Mystery Boxes offer an interactive unboxing experience reminiscent of collectible card openings while providing tangible value for gaming or future endeavors. Its historical performance indicates periods of surges, declines, and recoveries, often influenced by significant announcements and partnerships. Gala Games’ emphasis on gameplay quality and strategic releases positions the GALA token for potential future growth as the gaming industry continues to grow. Gala Mining: Can You Mine GALA? No, the Gala token (GALA) cannot be mined like popular cryptocurrencies like Bitcoin and Ethereum. However, users of Gala Games who want to do more with the token than just play games can earn some money from the platform. They can become Gala Node operators by helping secure the network. Gala game users will be tasked with completing transactions and verifying the state of the network. Node operators receive points daily for their support, which can then be converted into GALA tokens. Gala Price Predictions In the ever-fluctuating landscape of cryptocurrency, Gala (GALA) has recently been the center of attention, with its price standing at $0.019192 at present. Over the past 24 hours, it has witnessed a downturn of -2.10%, with a trading volume of $111.32 million. Gala holds a market capitalization of $441.05 million, securing a market dominance of 0.04%. Within the intricate web of the crypto market, Gala’s circulating supply is 22.98 billion GALA tokens, representing a fraction of its maximum supply of 50.00 billion GALA tokens. The ongoing yearly supply inflation rate has been calculated at a substantial 229.38%, reflecting the creation of approximately 16.00 billion GALA tokens over the last year. From a broader perspective, Gala’s position is noteworthy in several sectors. Presently, in the Ethereum (ERC20) Tokens sector, it claims the 26th rank. It holds a more prominent spot in the NFT Tokens sector, securing the 7th rank, and in the Gaming sector, it ranks 4th, signifying its growing significance in these domains. Amidst the current state of affairs, sentiment surrounding Gala’s price prediction remains quite diverse. The prevailing sentiment leans towards a bearish outlook, mirrored by a Fear & Greed Index score of 39, indicating a cautious atmosphere among investors. Nevertheless, the technical analysis of Gala’s price trajectory for the year 2023 paints a more nuanced picture. Analysts anticipate a potential floor price of $0.0167, setting a lower boundary for its value. On the other end of the spectrum, an optimistic projection suggests that Gala’s price could surge to a maximum of $0.0228. Striking a balance between these extremes, the average expected trading price hovers around $0.0288. Summary The environment of Gala Games combines a custom-made utility and governance token, a responsive blockchain, and NFT technology. Developers can build using these tools, and players can use their in-game assets to trade them on popular decentralized exchanges like Uniswap. The main thing about Gala Games that has supported its token’s value is the feature of earning real money through games. The gaming sector is a multi-billion-dollar market, and gaming enthusiasts have spent much money in this market but could never recapture these funds. Visit Bitstamp FAQs Any risks in buying Gala now? The current price of the GALA token, which is around $ 0.019221, is a long way from its all-time high of $0.71. The large price disparity and the GALA token's high potential in the coming years suggest the token may be a less risky investment. There are many new games in the pipeline to be introduced on the network, and the network is working to transition to its own blockchain to make the gaming industry more fruitful for players. All of this points to a bright future for the token. However, the cryptocurrency market is highly volatile, and there is always a risk of loss. Should I buy Gala? The token's value skyrocketed following updates to its farming game Town Star in 2021. Gala Games is currently working on five more gaming projects and has numerous other NFTs and metaverse ambitions. This implies that investing in GALA tokens could be profitable in the coming years. However, when investing in cryptocurrencies, one must be cautious because new coins emerge in the market with improved versions of previous coins, which can lead to the failure of existing coins. Is it safe to buy Gala? The GALA token is supported by both the Ethereum and the Binance Smart Chain (BSC) blockchains. The network is protected by a unique set of nodes known as Founder Nodes. Where can I spend my Gala token? GALA coins are the primary utility and governance tokens. Users can use them to receive rewards and pay fees. They can also be traded and sent to family and friends. Tokens can also be staked to gain voting rights for changes in proposed upgrades. Will Gala ever hit $1? Gala is currently trading at $ 0.019221, and reaching $10 would necessitate a 70-fold increase. With the introduction of metaverse and innovations in the gaming industry, Gala Games' ambitious goal of giving players more authority/control over the games could push its prices this much higher in a few years.