Gala is a platform for building games, virtual worlds, and social experiences. The following are key points regarding the project's potential and risks:
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The vast majority of Gala tokens are held by large investors (1st pic) who is holding above 0.1% of the circulating supply (equivalent to 7,5m GALA or 150k USD). More than half of them started buying from 1 years ago (2nd pic) when prices were significantly lower. This indicates they view Gala as a promising project and plan to hold long-term. 84% of investments are now out of money and 83% of them are large holders who could provide price support.
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Gala's investors include reputable venture capital firms with a decent track record of successful exits (3rd pic). However, some of these firms may lack experience in the blockchain sector specifically. I have not found any information about their investment in other blockchain projects.
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$GALA plans to launch a new version on May 15 with upgrades including a token burning mechanism and plus annual halving of new token issuance on 21 July every year. These aim to reduce supply inflation.
In summary, Gala's long-term holders, venture backers, and upcoming upgrades indicate potential for a turnaround. However, the project also faces challenges like its investors' inexperience in blockchain. For investors, here is a good area to buy and a dollar cost averaging approach can help manage risks when buying at current price levels. Show Less
