The article discusses a hidden altcoin called Gala games that is set to explode in 2023 and has 100x potential. Gala games hopes to revolutionize the gaming industry by creating blockchain games that are actually fun to play and give players back control over in-game assets. The team behind Gala games is led by Eric Schreimer, a founding member of Zynga, and currently has more than 60 people working on it. The article also discusses how the tokenomics of Gala games work and how the platform plans to reduce inflation by burning Gala used in purchases. The article concludes by noting that while Gala games is high risk and speculative, it is undervalued and could potentially give investors large returns in the future.
Could Gala Games Be Your Next Big Crypto Investment?
Are you looking for the next crypto investment that could turn a small amount of money into a massive return? The answer may lie in the world of cryptocurrency gaming. In this article, we take a closer look at Gala Games, a blockchain-based gaming platform that could have 100x potential.
What Is Gala Games?
Gala Games is a gaming platform that uses blockchain technology to create games that players actually want to play. With a goal of giving players control over their in-game assets, Gala Games seeks to change the direction of the gaming industry. Gala Games is the brainchild of Eric Schreimer, a founding member of the popular social and mobile game developer Zynga. The team at Gala Games now consists of more than 60 people, and the platform appears to be growing steadily.
What Are the Tokenomics for Gala Games?
At the time of this writing, the circulating supply of GALA, the cryptocurrency used on the Gala Games platform, is around 7 billion out of a total supply of approximately 50 billion. In July 2021, 17 million GALA tokens were distributed, and the distribution will be halved each year. Thanks to Gala Game’s expanding library of games and alliances with significant developer teams, some investors speculate that GALA could eventually reach $1 per token.
Where Can You Buy GALA?
GALA can be purchased on a majority of centralized and decentralized cryptocurrency exchanges, including Binance, Coinbase, Sushi, and Uniswa.
Why Is Gala Games Undervalued?
Despite its promise, Gala Games remains a high-risk investment. It has a market cap rank of 291 and a total market cap down 97%, indicating risk. However, investors see potential in the cryptocurrency because of its use of blockchain technology, its growing library of games, and its alliances with significant developer teams. If GALA does return to its all-time high, a small investment today could potentially provide significant gains in the future.
What’s Next for Gala Games?
Recent tokenomic changes that could potentially lower the inflation on the platform have helped boost GALA’s value. Additionally, rumors that Dwayne “The Rock” Johnson may join the platform have helped lift GALA over 70%. If the burn of GALA purchased on the platform happens, the supply of GALA could be reduced significantly. This supply shock could lead to massive gains for the cryptocurrency as more and more people buy in-game assets.
Gala Games may not be a well-known cryptocurrency investment yet, but it could have significant potential. With blockchain technology, a growing library of games, and alliances with significant developer teams, it may be worth considering a small investment into GALA. As always, remember that investing in cryptocurrency is high-risk, and it is essential to do your own research and never invest more than you can afford to lose.