GFAL crypto price is gaining momentum as investor interest increases in the project. Games For A Living was launched in March 2023 with high ambitions. Many analysts have high hopes for GFAL coin due to its working products and strong team.
There has been a decrease in demand for web3 gaming tokens in the last 18 months. Many projects that were trading at insanely high valuations in 2021 are in a slump right now. The high token emissions are diluting the market capitalization for the holders. GFAL crypto is one of the latest play-to-earn projects in the space with a very low market cap.
What Is Games For A Living (GFAL)?
GFAL token is the native asset of the Games For A Living ecosystem. The project has a lot of similarities to the popular gaming project, Gala Games. The team intends to develop a layer 1 blockchain for games for a smooth and swift onboarding of the gamers.
According to the project’s official website, the GFAL ecosystem currently consists of 4 different blockchain games. These games are Elemental Raiders, Diamond Dreams, Jump Pump, and Soccer Legends. Due to the rapid development of the ecosystem, GFAL crypto price is currently almost 400% up from its presale price of $0.004.
GFAL Crypto Price Maintains Bullish Outlook
There has been a steady increase in the holders of GFAL coin since its launch. The cryptocurrency currently boasts more than 7,000 holders on the Binance Smart Chain. This shows that crypto enthusiasts are accumulating the tokens anticipating a bullish price action in the coming months.
GFAL crypto price prediction will remain bullish as long as the coin holds $0.013 support level as shown on the following chart. A breakdown below this level may trigger a major sell-off in the new gaming token. Another factor to be considered is the upcoming token unlocks which would release million of new coins in circulation. With a total supply of 10 billion coins, $1 price target seems to be a bit unrealistic.
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