Gala Games Crypto Price Prediction November
Disclaimer: The Industry Talk section contains insights from crypto industry players and is not part of the editorial content of Cryptonews.com.
The Gala Games token starts today and has pumped over 15% in the last 24 hours. Is the play-to-earn sector paving the way to recovery?
According to Coinmarketcap, Gala Games is now trading at $0.042 with a market cap of $297 million. Will the Gala Games pump and what alternative options might be stronger for the rest of 2022?
Gala Games Crypto Price Prediction
The vibrant and immersive Gala Games ecosystem is booming today as the bulls manage to push the price back above $0.042.
It’s no surprise that after reaching critical resistance at $0.0492 earlier today, there has already been a roughly 13.1% retracement.
As we can see, the price of Gala Games rose all the way up to $0.049 and the daily candle now has a long wick attached to its body reflecting a huge selling pressure.
It is also worth noting another important data point from August where price also came close to being overbought on the relative strength index, although the price at that particular point was higher but had the same greedy feeling around it.
On a macro scale, the Gala Games crypto is still trading in a giant falling wedge and has a key level of support at $0.03892 that it could test one more time before potentially exploding.
A solid entry for the Gala Games would have been around October 20th where the price was around $0.032 and also momentarily oversold on the relative strength index.
Now, retail traders may be tempted to FOMO and chase the green lights, potentially leading to a big mistake.
While Gala Games may deliver strong returns over the next few years (next crypto bull run), price action may remain weak and unpromising for the rest of 2022 unless Bitcoin takes a serious u-turn above $30,000.
Gala game video analysis
Gala Games is an exciting ecosystem and NFT platform, but zooming out on the price charts still reflects that GALA is in a major downtrend, consistently producing lower-higher and lower-lower at the same time.
It will take a lot of accumulation to push prices back up to previous records.
Calvaria stronger alternative?
The recent pumps from play-to-earn and Metaverse tokens reflect that there is still a huge amount of value and demand for crypto games and NFTs.
As Bitcoin continues to consolidate and trade sideways, many investors are turning their eyes to altcoins and the next potential 10x pre-sales like Calvaria.
Calvaria is an exciting P2E battle card game where players can earn and upgrade their cards to become the ultimate force on the battlefield.
What gives Calvaria so much upside potential is that it is currently in pre-sale and has raised $817,835 during a crypto bear market.
Currently, 1 USDT buys 50 RIA tokens (the original token of Calvaria), but when the presale raises $1.35 million, the price will go up and 1 USDT will only get 40 RIA tokens.
Tokenomics is also extremely bullish and the maximum supply is a very low 1 billion tokens, this allows the price to potentially reach somewhere between $0.50-$1 depending on the success of the launch.
Calvaria also has many more unique selling points and has a competitive edge over other P2E battle card games. This creates more desire to invest and means that there is a good chance of 10x in public sales.
Being an early investor can bring benefits as the price can be very low compared to when it is publicly launched and distributed on centralized or decentralized exchanges – you can use Tamadoge as an example which recently made a 19x in a crypto bear market.
Those interested can click here to examine the white paper and the Calvaria ecosystem.
Visit Calvaria now
