GALA to 1$ | Bitcointalksearch.org

kapalmabur

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Quote from: inanilujimi on August 22, 2022, 03:02:34 AM

Gala looks solid but for $1 it can't be any time soon, what more now that we are in a bear market.
I believe the gala may reach $1 when the market returns to a bullish path and they have the potential to break through ATH.

Gala can return to the price of $ 0.2 only for me already has a very good achievement during a bear market like this,
because we also know Gala has a total supply of 35 billion, for me $1 is a really very expensive price.
even though the GALA has reached $0.7 I still doubt it will reach $1 in the future,
try to see some coins with a similar total supply, and you will understand.

inanilujimi

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Gala looks solid but for $1 it can't be any time soon, what more now that we are in a bear market.
I believe the gala may reach $1 when the market returns to a bullish path and they have the potential to break through ATH.

bittick

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Quote from: bigjuk on August 14, 2022, 10:48:31 AM

Quote from: Vvang on August 12, 2022, 01:36:36 AM

Gala games are working towards Gala Music and Gala Movies do you think that this project can hit 1$ per token some day? I dont see any slacking with their development.

Gala issued in 2020 if i'm not mistaken, gala includes utility tokens, the price is traded today $0.06 meaning it takes 17x to reach $1, the team must really work max to reach the $1 point, with a supply of around 35 billion gallons at maximum scale, must have a large enough shareholder to reach $1.

It's not all of tokens already released to the market. There would be more tokens being unlocked and this will give a huge pressure too. A gaming platform like this can't worth 35 billions valuation which is a non sense thing.
Gala has limited usability compared with another token in the market. it has offered gaming market hub for people in the crypto but it seems like mostly of gaming developers wanna build their own platforms combined with their own tokens.

Untomabur

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all talk about GALA, both on youtube, Twitter and Telegram, in 2021 the GALA is almost $1,
and currently the GALA price is really under $0.1, of course this will be a very interesting thing for investors this year if the GALA goes to $1 ,
but keep in mind that GALA has a very large supply, so it takes more power to push GALA to new ATH.

makishart

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Quote from: Gontxi on August 14, 2022, 12:04:35 PM

Despite the fact that it will take a very long time to achieve the price of $1 given the current supply, I still believe that the Gala Project is one of the most active initiatives now in development.

And since anticipating the gala has a lot of promise, I have some gala coins for the long run. Wink

Good luck for that but i didn't think this will reach $1 until the next bullish trend. So many metaverse tokens available in the market. yeah gala was offering something different but without the help from the bitcoin bullish trend and it seems a like a big price like that became a dream. I just aware with how big total supply that owned by gala. The product is not actively generating revenue and so many games in gala store were still underdevelopment.

Vvang

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Quote from: Desscount on August 14, 2022, 01:06:07 PM

Quote from: bigjuk on August 14, 2022, 10:48:31 AM

Quote from: Vvang on August 12, 2022, 01:36:36 AM

Gala games are working towards Gala Music and Gala Movies do you think that this project can hit 1$ per token some day? I dont see any slacking with their development.

Gala issued in 2020 if i'm not mistaken, gala includes utility tokens, the price is traded today $0.06 meaning it takes 17x to reach $1, the team must really work max to reach the $1 point, with a supply of around 35 billion gallons at maximum scale, must have a large enough shareholder to reach $1.

yes that's right, Gala for the current price is also very expensive for me,
because if you look at coinmarketcap the gala has reached an ROI of 4607%,
of course for altcoins with that ROI it is very expensive, so don't expect too much for Gala to reach $ 1

It's not impossible, there are few projects with billions of supply on coinmarketcap and they have good value too, in gala games case they have halving too that occurs every year I believe which will reduce the node rewards, I believe it makes sense but if BTC dumps to 10k we might see gala tokens at 0.015$, I will definitely buy more.

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Quote from: bigjuk on August 14, 2022, 10:48:31 AM

Quote from: Vvang on August 12, 2022, 01:36:36 AM

Gala games are working towards Gala Music and Gala Movies do you think that this project can hit 1$ per token some day? I dont see any slacking with their development.

Gala issued in 2020 if i'm not mistaken, gala includes utility tokens, the price is traded today $0.06 meaning it takes 17x to reach $1, the team must really work max to reach the $1 point, with a supply of around 35 billion gallons at maximum scale, must have a large enough shareholder to reach $1.

yes that's right, Gala for the current price is also very expensive for me,
because if you look at coinmarketcap the gala has reached an ROI of 4607%,
of course for altcoins with that ROI it is very expensive, so don't expect too much for Gala to reach $ 1

Gontxi

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Despite the fact that it will take a very long time to achieve the price of $1 given the current supply, I still believe that the Gala Project is one of the most active initiatives now in development.

And since anticipating the gala has a lot of promise, I have some gala coins for the long run. Wink

DevFile90

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Gala project is one of the most actively developing project and I believe that 1$ per token should be an easy achieve for the project, I think it makes sense that the max supply is much but with a limited max supply tokens gets easily pumped, either ways it plays out you should be fine if you hold more than just gala tokens.

bigjuk

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Quote from: Vvang on August 12, 2022, 01:36:36 AM

Gala games are working towards Gala Music and Gala Movies do you think that this project can hit 1$ per token some day? I dont see any slacking with their development.

Gala issued in 2020 if i'm not mistaken, gala includes utility tokens, the price is traded today $0.06 meaning it takes 17x to reach $1, the team must really work max to reach the $1 point, with a supply of around 35 billion gallons at maximum scale, must have a large enough shareholder to reach $1.

maydna

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Quote from: jaberwock on August 13, 2022, 01:23:32 PM

Quote from: maydna on August 12, 2022, 06:35:18 AM

Although it is possible, we do not know when the price of $1 will be reached. With the price now at $0.06, I think it will need more support from investors and traders to increase to $1. The highest GALA price was $0.8 9 months ago, while the current price is the lowest GALA price. So it will at least take more time to raise the price unless there is a pump from the team or investors that will attract a lot of traders to seek profit from the GALA. So if you have already invested in GALA, you have to be patient for a while.

I just read that this coin has a huge supply. That must be one of the reason why this coin struggles to move upwards and also struggling to get investors but if they propose something like a burning mechanism then maybe that could attract them.

More demand plus a lesser supply means more price will be added to the coin. Its value is almost close to a dollar last bull run but maybe if the bull run continues for more then I think 1 dollar is already achieved and after it, people could speculate another ATH. I don't think their team will pump it now that we are still in a bear situation but maybe they will do it once the bull run begins, just to give the coin a jump start.

Yes, the supply for these coins is very large but that's no reason why coins can't increase high. If this coin wants to raise its price higher, then there is a lot the team has to do so that more investors will join them.

Maybe if they or the team can give a better performance than the other coins, I think there will be another opportunity for this coin to improve. But of course, it takes time because it is not easy to be able to increase the price in a short time. The bull run can't guarantee that this coin can increase by more than $1 unless a big pump is done by a group of people or groups who deliberately want to increase the price.

Pamadar

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Quote from: danherbias07 on August 13, 2022, 02:58:01 AM

No clue about Gala music and movies yet but when it comes to their gaming projects it's all worth playing them.
About the value going up again, I believe they can go back $0.4 - 0.6, and that's reality. I doubt about the $1 per Gala coin though.
We are in a dry season now and we don't know what investors are picking out of this bear market. Perhaps when Ethereum starts to be at POS it could also pull Gala because they are using ERC20 for their transactions.

The actual usages might bring demands for investors to start bringing investment to this coin,

We don't know though, if the chance of seeing the value to rise up to $1 will happen, but as long as the development is there
the chance will continue to be positive.

A strong bull run will hype each projects especially those who already gained decent support from the community, having
a good amount of spare money to invest might be a better step to accumulate.

bounceback

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Quote from: Vvang on August 12, 2022, 01:36:36 AM

Gala games are working towards Gala Music and Gala Movies do you think that this project can hit 1$ per token some day? I dont see any slacking with their development.

I would say it really depends on how the hype will develop in the future because GALA is a coin built on the Play to Earn platform so if the trend continues to increase most likely the price will be able to reach the $1 level, if we look at last year when the trend from Play to Earn Earn experienced massive hype, GALA coin managed to gain good momentum and made the price increase significantly to $0.70 level.

coinerer

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Quote from: Vvang on August 12, 2022, 01:36:36 AM

Gala games are working towards Gala Music and Gala Movies do you think that this project can hit 1$ per token some day? I dont see any slacking with their development.

I seen development of GALA project . this project team working very hard and They are constantly being able to complete their work according to their roadmap . I think if they can push their project like this and if they burn some of their tokens then GALA could be 1$ in the future.

Chainsmokers

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indeed last year the gala almost reached $1, and finally experienced a dump until now the gala was only at $0.07,
this is certainly a very deep decline, and if we analyze it, indeed the current price is very suitable for the gala,
because the supply of gala is very large, yes is 35 billion Gala, and supply circulation is at 7 billion Gala,
of course or reasonable if the price is below $0.1, and it could even be another dump.

samuraijin

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Quote from: bittick on August 13, 2022, 12:51:26 AM

Total supply must become the main concer. Im not sure if this can reach $1 in the future. Even going back to the ATH will become a big achievement for this token. There would be more tokens to be unlocked in the upcoming years and this will be adding more and more pressure to the token. The fact that if this time bearish market is still happening and i don't think gala will be pumped like last year since everything going down

It's not just supply that we have to pay attention to, we often don't always see from the side of the community in it or real investors, because advanced projects have a very strong community in them, learn from the Shiba token that used to be busy and is now sinking the movement is no longer visible, indeed there will be a lot of tokens popping up this year, but that doesn't mean we have to invest in the token, but rather be careful to choose it or regret it later..

yazher

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Quote from: Vvang on August 12, 2022, 01:36:36 AM

Gala games are working towards Gala Music and Gala Movies do you think that this project can hit 1$ per token some day? I dont see any slacking with their development.

the problem is, the other projects that are ahead of it already have that idea but they failed to grow their profits despite their good teamwork I think when GALA make some kind of innovative strategy to promote their new updates, it would be possible for them to grow because as we already know, people already expose to some working crypto project and everyone wants is just some kind of innovative project that they can put their money into to support those project.

bitkanu

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Quote from: Cuda911 on August 13, 2022, 02:55:23 AM

You are wrong, haven't you heard about 100s of BTC that's about to be released into the market? I heard the rumours and I think this is what will cause the second probably the final leg down in this bear market.

I hope he was reading the latest news about mtgox is about to release bunch of old bitcoin to the market. The questions is whether those bitcoin will be liquidated or not? as far as i know if those bitcoin will be liquidated into cash for creditors of mtgox and massive selling pressure may come again. It's pretty similar like tesla dumping its bitcoin from 30k to the 20k and market feel panic caused by that. The same thing may come again very soon.

jaberwock

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Quote from: maydna on August 12, 2022, 06:35:18 AM

Although it is possible, we do not know when the price of $1 will be reached. With the price now at $0.06, I think it will need more support from investors and traders to increase to $1. The highest GALA price was $0.8 9 months ago, while the current price is the lowest GALA price. So it will at least take more time to raise the price unless there is a pump from the team or investors that will attract a lot of traders to seek profit from the GALA. So if you have already invested in GALA, you have to be patient for a while.

I just read that this coin has a huge supply. That must be one of the reason why this coin struggles to move upwards and also struggling to get investors but if they propose something like a burning mechanism then maybe that could attract them.

More demand plus a lesser supply means more price will be added to the coin. Its value is almost close to a dollar last bull run but maybe if the bull run continues for more then I think 1 dollar is already achieved and after it, people could speculate another ATH. I don't think their team will pump it now that we are still in a bear situation but maybe they will do it once the bull run begins, just to give the coin a jump start.

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Quote from: Vvang on August 12, 2022, 01:36:36 AM

Gala games are working towards Gala Music and Gala Movies do you think that this project can hit 1$ per token some day? I dont see any slacking with their development.

GALA project might be better and maybe they can improve their project more. but it is very difficult to reach 1$ with there huge supply . This might happen but it would require the GALA team to burn at least 40% of their token. I don't think Gala token price can exceed 1$ without token burning.

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