Gala Technical Analysis and Price Prediction – Will GALA Surge 40x in 2024?

The GALA token had a strong bounce back last Monday after a big drop, making it a top altcoin to buy. The question is, what caused this recovery?

In this article, we’ll examine Gala Games from both fundamental and technical perspectives, outlining potential price targets for the next 6-12 months and discussing strategic buying opportunities.

In addition to this Play-to-Earn crypto, we’ll also explore an emerging crypto with a Learn-to-Earn model called 99Bitcoins and its potential for explosive growth at launch.

Gala Games’ recent bullish news fuels GALA token surge

The recent bounce back of the GALA token matches Gala Games’ news about raising the Gala Gold membership fee to $100 and upgrading GalaChain’s security.

Raising the Gala Gold membership cost helps keep the VIP community exclusive and shows Gala’s plan to reward its most dedicated members.

Gala Gold membership fee increase to $100

Gala Games, known for its games, music, and film projects, has announced that the Gala Gold membership fee will rise from $50 to $100. Originally priced at $10, this VIP club offers lifetime access to exclusive benefits. Raising the membership cost aims to keep the community exclusive and high-quality.

Gala Gold sets apart the most dedicated members from casual users. Membership provides access to special Discord channels for announcements, sneak peeks, discussions, and events.

Members also get direct interactions with company leaders and early access to information, often before it becomes public. The club creates a close-knit community that helps shape and improve Gala’s offerings.

Additionally, VIP members occasionally receive free NFTs, which can include in-game items and unique digital assets. These NFTs are given based on a snapshot of current members, so only those who paid by the snapshot date receive these exclusive items.

GalaSwap API upgrade

Besides raising the Gala Gold membership fee, GalaChain will upgrade the GalaSwap API starting August 1, 2024. This upgrade will make the signature process for API operations more consistent by accepting only one specific signature for each operation.

Users must update their signing code to match the new signature format, or they will encounter errors like “S value is too high.” This security upgrade follows a security breach two months ago, where $23 million worth of GALA tokens were minted and sold without authorization.

However, this update is not in response to current vulnerabilities but aims to strengthen GalaChain’s security. Users should review the updated GalaSwap API documentation and adjust their systems to meet the new requirements.

The support team is available to help with this transition and ensure a smooth update process. As Gala Games and GalaChain evolve, attention is on the GALA token, which is rebounding. The 24-hour trading volume has surged by 27.61% to $61.99M, indicating growing interest in the token as it recovers from a recent decline.

GALA price prediction

Gala Games is a play-to-earn platform where players earn cryptocurrency through gameplay. The platform shows promise, currently having a market cap of around $785 million and a price of $0.02. In the past, Gala reached a peak price of $0.83 with a market cap of about $5 billion.

However, with an increase in circulating supply, reaching the previous all-time high might be challenging. A more realistic target would be a market cap of $3.5 to $4 billion, potentially pushing the price to $0.08 to $0.10.

Analyzing the charts, Gala appears relatively stable. The weekly timeframe suggests a bullish market structure. The 0.5 Fibonacci retracement level, around $0.03, is a crucial indicator; breaking this level could signal a significant upward trend.

For potential buying opportunities, the current price level seems undervalued, making it an attractive entry point for long-term investors. Potential price targets include a return to the previous high at $0.08 (a 4.2x return), a mid-term target around $0.18 (a 9.2x return), and a more ambitious long-term target of $0.39 (a 19.4x return).

99Bitcoins presale ends in less than a week

The presale for 99Bitcoins Token ends in less than a week. Early investors have just a few days left to buy $99BTC tokens at a low price before they become available on the open market. It’s like getting a backstage pass to a concert before tickets go on sale.