GALA - realistic bull prediction?

[JamesDaniel90]

Hi all,

I have been in Gala for a while now but have recently been reading they have added a lot to their supply which will now limit how well they can do next bull run.

Their all time high is £0.56 which they reached in November 2021 and I started investing with the expectation they would at least get back to this price but I have read a few times now that it will struggle to reach that price again.

I am fairly new so don't fully understand it all if someone could explain?

[Yogee]

Get someone good at technical analysis if you really want a more realistic prediction but that's kinda rare to find now and you'll probably have to pay the exceptional ones. There are things you could do on a fundamental level like checking out the platform and the community. Find out if there are still active gamers there or if the team has enough fund for rewards to keep these players. A happy or an optimistic community is usually a good sign. Put more effort digging these information and you'll have a better idea where the project is going.

[jossiel]

Well, these projects are really unpredictable in terms of development. Even if something they've shown good enough yet there could be changes that won't be favorable to the investors.

IMHO, if you're into investing with these altcoins and you're just hoping that the price will be back to its ATH without doing some research and analysis.

You'll really find yourself into thinking that you've probably made a wrong decision.

[JamesDaniel90]

Well, these projects are really unpredictable in terms of development. Even if something they've shown good enough yet there could be changes that won't be favorable to the investors.

IMHO, if you're into investing with these altcoins and you're just hoping that the price will be back to its ATH without doing some research and analysis.

You'll really find yourself into thinking that you've probably made a wrong decision.

I do not need it to go back to all time high to see good returns as my average buy in is only 3p. I just thought it would and it still can I just heard a few saying it won’t lately due to the increased supply.

We are still in a bear market and too early to tell.

[X-ray]

It's impossible to go back again to the ATH if there will be more tokens to be unlocked soon. You can see it through CMC if this time gala has 43% of its supply already distributed to the circulating supply. That means there are still 57% remaining to be distributed to the circulating supply (locked)

It will be also giving impact to the price of gala in long term. You will be seeing the price will be adjusting its supply. It will be dropping even more with the unlock of more tokens.

The new unlocked tokens will be actually distributed to the market. You must be careful when taking this as long term investment.

[bittraffic]

The token has reached its bottom and the token could still go up in the bull run if it's not going to die. There is just no assurance that it can surpass its ATH. Many tokens behaved this way even the tokens back in 2017 bull run didn't go well in 2021 including the XRP which was constantly being hyped.

If you have to hold, it then hold it. It's all up to you especially if you have it at the price of £0.56, that's terribly a wait for you.
If the supply already is disappointing to you, it's all up to you still.

[@sriyan]

Hi all,

I have been in Gala for a while now but have recently been reading they have added a lot to their supply which will now limit how well they can do next bull run.

Their all time high is £0.56 which they reached in November 2021 and I started investing with the expectation they would at least get back to this price but I have read a few times now that it will struggle to reach that price again.

I am fairly new so don't fully understand it all if someone could explain?

You mentioned that the Gala has added a lot to its supply. It likely means that the total supply of Gla tokens has increased. So it will affect the price dynamics of the token, depending on various factors such as market sentiment, demand, and overall market conditions.

Also, there may be other reasons as well.

1. Market speculations
2. Investor Sentiment
3. Project developments
4. Partnerships
5. Regulatory changes

[jossiel]

Well, these projects are really unpredictable in terms of development. Even if something they've shown good enough yet there could be changes that won't be favorable to the investors.

IMHO, if you're into investing with these altcoins and you're just hoping that the price will be back to its ATH without doing some research and analysis.

You'll really find yourself into thinking that you've probably made a wrong decision.

I do not need it to go back to all time high to see good returns as my average buy in is only 3p. I just thought it would and it still can I just heard a few saying it won’t lately due to the increased supply.

We are still in a bear market and too early to tell.

Yeah, still too early to say.

The signal for the altcoins bull run is likely the sign that bitcoin bull run is approaching. But we don't know this time if it's going to be the first time to be seen or it's going to be the other one.

As long as you can endure this market and you haven't sold and there's a good volume that you can see within it, there's still hope. I just wish you can recover from it.

[Xal0lex]

So far GALA is doing poorly, but at the beginning of the year there was a good chance to earn in the medium term. If you buy now, there is a chance to earn something. Those who bought in 2021 at 40-60 cents should be patient, because it may happen that this coin will never show the same price values again. Among altcoins, it is quite common to find assets that get stuck in a certain price range for a long time.

[o48o]

Get someone good at technical analysis if you really want a more realistic prediction but that's kinda rare to find now and you'll probably have to pay the exceptional ones. There are things you could do on a fundamental level like checking out the platform and the community. Find out if there are still active gamers there or if the team has enough fund for rewards to keep these players. A happy or an optimistic community is usually a good sign. Put more effort digging these information and you'll have a better idea where the project is going.

Pure technical analysis doesn't do much if issuance rate is too high or has some messed up distribution model. Like i don't have any idea what Gala's dynamic distribution model is but from what OP said they added a lot of tokens lately. That can mess up any charts, like releasing all bounty hunters tokens, advisor, or developer tokens in a short time. There's no liquidity that could handle too much free tokens. No one wants to be a market maker when you know your limit orders are being eaten in a second while there's no bottom in sight.

[JamesDaniel90]

The token has reached its bottom and the token could still go up in the bull run if it's not going to die. There is just no assurance that it can surpass its ATH. Many tokens behaved this way even the tokens back in 2017 bull run didn't go well in 2021 including the XRP which was constantly being hyped.

If you have to hold, it then hold it. It's all up to you especially if you have it at the price of £0.56, that's terribly a wait for you.
If the supply already is disappointing to you, it's all up to you still.

I don't have it at 56p, that is the all time high price.

My average price is 3p so am just debating when I should look at selling if its at 6p for a 2x or hope it reaches around 20p again which would almost be a 7x for me.

I just wanted to be realistic and not expect all time high prices if its unlikely to happen now.