Gala Games Price is Giving Back Some Gains So Maybe It's Time to Consider This Crypto Web3 Game Alternative
In recent days, GALA's price has been on the rise, thanks in part to a highly-publicized partnership with Hollywood stars Mark Wahlberg and Dwayne "The Rock" Johnson. This partnership helped push the price of Gala Games's crypto Web3 game token up by an impressive 150% in the first 10 days of January alone.
However, GALA's price is currently experiencing a decrease of 9.25% for the day. Despite this minor setback, many investors are closely watching the cryptocurrency and making GALA price predictions for where it may head next as it goes through a normal period of retracement due to buyer exhaustion.
Gala Price Prediction and Technical Analysis
Exponential Moving Average (EMA) and GALA's Price
The current price is trading above both the short to long-term EMA which suggests a bullish outlook for the long-term future. Additionally, the recent crossover of the 20-day EMA with the 50-day EMA, with the 100-day EMA as the next potential target. It is considered a positive signal when the EMAs are arranged in a bullish alignment, which can affirm the bullish trend further.
How Relative Strength Index (RSI) Could Impact GALA Price
After trading in oversold levels for the past three days and reaching a peak of 87.50, a retracement could bring the RSI down all the way to 70 for a potential price consolidation. As of writing, GALA RSI is at 76.21.
GALA Price Prediction and Moving Average Convergence Divergence (MACD)
GALA's MACD is still in a bullish crossover position and has been for the past nine days. The indicator is still well above the zero line, however, and with today's open red candle, the histogram has indicated a slight decrease in separation between the MACD and the signal line. Overall, the bias from the MACD indicator is still bullish.
Support, and Resistances of GALA Price
After getting rejected from the resistance range of $0.04330 to $0.04442 for two consecutive days, crypto Web3 game token GALA's price is sitting at $0.03776 as of writing--down by 9.25% for the day.
Plotting a Fibonacci Retracement Level from GALA's recent swing reveals the possible support level in which the price might possibly bounce. FIB 0.382 at $0.03733 is a potential support while FIB 0.5 at $0.03315 perfectly coincides with the resistance range of $0.03134 to $0.0383.
Alternative Crypto Web3 Game Project Worth Considering
In the world of blockchain-based gaming, Gala Games has been a well-known player for some time. However, recent market conditions have caused the price of its token, GALA, to take a dip, and there is certainly no guarantee the price will head back to its recent highs anytime soon. As a result, investors may be on the hunt for new opportunities in the Web3 space that haven't already seen most of their gains. One such project that's worth considering is MEMAG, the world's first mobile-focused Web3 gaming guild.
Meta Masters Guild ($MEMAG)
Meta Masters Guild (aka MMG) has a mission to build high-quality, blockchain-integrated mobile games that will form a decentralized gaming ecosystem, allowing members to earn rewards in exchange for their contributions.
The core of this ecosystem is a single currency, the Meta Masters Guild token ($MEMAG), which will be used in all MMG games. In-game rewards called "Gems" can be converted to $MEMAG and players will have the option to cash out or reinvest in the ecosystem in various ways, according to the company's litepaper. The system is designed to incentivize players to invest both their time and money into the ecosystem, ensuring they are fairly compensated for their investment.
A Fun and Sustainable Gaming Experience for Crypto Web3 Games
Fun is the top priority at MMG and the company pledges not to let the blockchain integration, tokenization, and earning mechanisms get in the way of what really matters--an interactive and fun gameplay experience for the player.
Sustainability is another important aspect, the creation of a sustainable economy model requires a stable player base, and the players need a fun and engaging game for them to continue playing.
MMG introduces Play and Earn (P&E) gaming in the crypto Web3 game space, which aims to provide high-quality, fun games that players will want to spend money on, and then give them opportunities to earn money back and be compensated for the value they provide to the ecosystem. Unlike the traditional play-to-earn (P2E) concept which is flawed, where the focus is only on earning, P&E offers a holistic approach of playing and earning both.
By providing a high-quality, engaging gameplay experience and a sustainable economy model, MMG hopes to attract and retain a large player base. As more players join the ecosystem, the value of the Meta Masters Guild token is expected to increase, providing even more earning opportunities for players.
Ownership and Community in Crypto Web3 Games
One of the key features of MMG's ecosystem is that players truly own in-game assets. All in-game assets are owned, verifiable and tradable on the Ethereum blockchain. This allows for decentralization of the ecosystem, which in turn increases incentives for players to buy these assets, as they are aware that these assets are 100% tradable, unchangeable and under their control.
Community engagement is also a major focus for MMG. Multiplayer games thrive on their community and the company wants to ensure that their community is with them every step of the way. Players' voices will help shape the future developments of the ecosystem and MMG will be proactive in engaging their community and involving them in decision-making.
This approach helps to create a strong sense of ownership and community among players, which is expected to further drive the growth of the ecosystem and the value of the Meta Masters Guild token.
Problems with the Gaming Industry
The gaming industry is one of the most predatory industries today. Huge gaming corporations own the rights to all our favorite titles, but they often fail to make games to a proper standard. They employ predatory monetization techniques and make billions every year, while the core player base, which makes these games so special, sees zero of this money come back to them. These corporations tend to ignore their community's feedback despite the community being the foundation upon which all great games are built.
MMG aims to fight against these practices by creating a decentralized and fair ecosystem that puts the player first. They believe that an open in-game economy will significantly increase the amount of investment into a game and that web3 games will vastly eclipse traditional games in terms of the trading volume of their in-game economies. MMG's ecosystem is built on transparency, fairness and community engagement which is the opposite of the predatory practices in the traditional gaming industry
Upcoming Crypto Web3 Games on Meta Masters Guild
MMG is set to launch their first title, Meta Kart Racers, which is a PVP racing game built for mobile devices. Players will compete in the Meta Kart World Championship, where they can earn rewards in the form of Gems, which can be converted to MEMAG.
The game features high-quality graphics, immersive gameplay, and a variety of unlockable characters and items. More games are in the pipeline, each of them will be having unique features and gameplay style to cater to different kind of audience.
A New Era of Gaming Innovation for Crypto Web3 Games
Meta Masters Guild (MMG) is the future of gaming, a revolutionary concept that brings together high-quality mobile games and blockchain technology to form a decentralized gaming ecosystem. MMG allows players to earn rewards for their contributions, and truly own and control in-game assets.
By prioritizing fun gameplay and sustainability, MMG is creating a fair, transparent and engaging gaming experience that puts the players first. With the launch of Meta Kart Racers and more games in the pipeline, MMG is on its way to revolutionize the gaming industry.