GALA price prediction after the relentless sell-off

By:
on Jul 25, 2022
  • GALA remains under pressure
  • The current support level stands at $0.040
  • There are many new amazing gaming projects coming to Gala

GALA/USD remains under pressure; the price of this cryptocurrency fell from $0.46 to $0.047 since January 01, 2022, and the current price stands at $0.049.

There are many new amazing gaming projects coming to Gala

Gala Games is a platform that gives players back control over their games and allows them to earn cryptocurrencies and non-fungible tokens (NFTs) through gameplay.

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The platform has numerous titles with considerably different in-game functionality and addresses a major shortcoming that video game players have struggled with in the past.

Players get to truly own what they win, and their assets are verifiable on the blockchain they can trade to another person or play with in-game.

Players can also vote on how the Gala Games roadmap develops to help determine what games should be added to the platform or what should be funded by the decentralized Gala Games ecosystem.

Gala offers simple game mechanics that all players can enjoy, and it is supported by users who operate Gala Nodes from their home computers. Gala Games runs on the Ethereum blockchain, but it is important to mention that the platform has also partnered with the Polygon network.

There are many new amazing gaming projects coming to the Gala Games Ecosystem, but the most talked about has probably been Last Expedition, the upcoming survival FPS. Gala Games’ Founder Eric Schiermeyer said:

Basically, the game is not ready for the masses to jump in quite yet, but we could not wait any longer to share this beauty with the world.

The GALA token is the native token of the Gala Games ecosystem, which is used for in-game purchases and as a medium of exchange between participants.

Players should consider that the GALA token does not represent any shareholding, participation, right, title, or interest in Gala Games.

Bears in control of GALA

GALA remains under pressure, and if you decide to buy this cryptocurrency at the current price, you should use a “stop-loss” order because the risk remains high.

Data source: tradingview.com

It may take a long time for prices to see any bigger recovery, and the risk of further declines is still not over. The current support level stands at $0.040, and if the price breaks it, the next price target could be at $0.030.

On the other side, if the price jumps above the $0.10 resistance, we have an open way to $0.15.

Summary

Gala Games is a blockchain gaming platform that rewards players with digital assets through gameplay. Technically looking, GALA remains under pressure, and the risk of further declines is still not over.

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