After a massive drop since November 28, 2021, the GALA coin is now back on its feet and it has surged by about 20% today.
Today’s price hike is not propelled by any major news and it is expected that the dip has hit bottom; meaning the coin is prepping for a takeoff.
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To help crypto investors eyeing to invest in the GALA coin, Invezz has produced the following brief article to help explain what GALA coin is and also assist them with the best places to buy it.
To find out more about this coin, continue reading.
Best places to buy GALA coin
As GALA is such a new asset, it’s yet to be listed on major exchanges. You can still purchase GALA using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy GALA right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for GALA
Now that you’re connected, you’ll be able to swap for 100s of coins including GALA.
What is Gala coin?
The GALA coin is the native token of the Gala Games blockchain network.
If you have not heard of Gala Games, it is a platform where gamers can play blockchain games and buy or sell in-game NFT assets. Gamers also influence which game should be developed or should get funding by voting.
The GALA token is used as a utility token within the network to buy NFTs and facilitate transactions.
Should I buy GALA coin today?
If you a looking to invest in metaverse cryptocurrency after the recent crypto market plunge, then GALA is a great choice. GALA has started roaring back after the dip.
It is however important to note that investing in cryptocurrencies is extremely risky because of their price volatility.
GALA price prediction
Though it is difficult to provide a decisive price prediction of the GALA coin, after the recent dip, its price is expected to pull a bullish correction and possibly trade above $0.5 by the end of January.
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