Post
Topic
Board Altcoin Discussion
Re: GALA to 1$
by
bittick
on 22/08/2022, 07:08:28 UTC
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.