Gala Price Prediction - Can GALA Recover In The Next Crypto Bull Run?

Gala Price Prediction – Can GALA Recover In The Next Crypto Bull Run?

Updated: 25 July 2023

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The Gala Price performed well in January 2023, before a correction – can it bounce and outperform Bitcoin and Ethereum again later this year? $GALA has experienced a significant surge of 21.7% over the last month, rising from $0.023 to $0.028.

Alongside this increase, its trading volume has also seen a notable boost of 39.6%. This upward trend has instilled a sense of positivity among investors, leading them to maintain an optimistic outlook on $GALA’s utility. The bullish momentum of $GALA can be attributed to several factors.

A major contract upgrade is planned for the Gala Games ecosystem, allowing token holders to receive new $GALA V2 tokens at a 1:1 ratio. Experts predict this upgrade could drive a 21.4% increase in $GALA’s value, reaching $0.034 from the current $0.024.

Gala ($GALA) price prediction

Gala ($GALA) has endured a challenging period in the crypto market over the past year, witnessing a substantial decline of -97% in performance since its all-time high in November 2021. However, there was a brief respite at the start of 2023, with an impressive 286% rally in January.

Unfortunately, the following six months saw a continuation of downward price action, resulting in a -57% decrease. Reviewing the daily graph, it becomes evident that there was a swing low in December 2022 and a swing high in January 2023.

Nevertheless, community optimism has surged once more, with an +11% rally breathing new life into the rock-bottom price action. The recent recovery was aided by support from the 20DMA, propelling the price to reclaim support at $0.0275.

Currently, $GALA is experiencing a pullback, moving closer to the support level formed between $0.0184 and $0.0168. On June 9th, 2023, the price briefly recovered to this support level and has since been on an upward trajectory, experiencing a significant surge.

However, $GALA is currently facing a resistance block that previously acted as support, spanning a price range of $0.02824 to $0.02384. As of now, $GALA is priced at $0.02451 USD, with a 24-hour trading volume of $59,117,435 USD.

Over the last 24 hours, it has seen a decline of 5.13%. In terms of CoinMarketCap ranking, $GALA currently holds the #72 position, with a live market cap of $552,902,639 USD. The circulating supply of $GALA consists of $22,206,732,443 $GALA coins, while the maximum supply is capped at 50,000,000,000 $GALA coins.

A price prediction for 2023 suggests potential movements, with an anticipated maximum price of $0.042, an average price of $0.038, and a low of $0.042. This implies a slight increase in $GALA’s value, driven by factors such as partnerships and developments from the previous year.

The trading activity of $GALA in the past 30 days has led to a positive quick analytical rating due to the current price movement, indicating further positive signs for traders in the upcoming days. This rating is based on the fact that $GALA has been actively traded.

Eco-friendly cryptocurrency leading in green-conscious era, nears $1 million presale

The eco-friendly greenest crypto project Chimpzee is making strides towards raising $1 million in its presale while fulfilling its commitments to environmental causes. Recently, Chimpzee unveiled its Chimpzee Gold Passport non-fungible token (NFT) collection, offering exclusive digital art designs.

Investors participating in the ongoing “gold stage” presale can mint these NFTs for 750,000 $CHMPZ tokens and earn an 18% yield, ensuring a passive income stream. Demonstrating its dedication to conservation, Chimpzee donated $20,000 to the WILD Foundation to support endangered black jaguars in South America.

As Chimpzee proceeds with its eighth stage of the presale, the price per token is set at $0.00075. The next stage, starting on August 4, will see the price rise to $0.00085, providing presale participants with a 125% token bonus during the early gold stages.

🎉🔥Join the Stage 8, the golden phase of #Chimpzee #Presale! 💎🚀

⌛️Huge bonus reduction on Aug 1 – seize the opportunity and get your CHMPZ today! 🌟💰

🌍🐵 Join the #ChimpzeeArmy and contribute to our impactful mission! 🚀💪https://t.co/Geog3EVuMC #EcoCrypto #GreenCrypto pic.twitter.com/BUlt7GJpzg

— Official Chimpzee Project (@RealChimpzee) July 25, 2023

Chimpzee’s platform enables users to earn passive income while contributing to charitable causes focused on animal and environmental protection. Its unique features include a shop-to-earn merchandise store, a trade-to-earn NFT marketplace, and a play-to-earn game called “Zero Tolerance.”

With its utility features and charitable mission, $CHMPZ holds promise for environmentally conscious crypto portfolios. Early presale participation offers investors a significant discount compared to the planned exchange listing price of $0.00185 later this year.

As the next presale price increment approaches, interested investors have a limited window of opportunity to join a movement that allows earning while contributing to the preservation of endangered species and habitats. Take part in the $CHMPZ presale at chimpzee.io.