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Gala Music price

Gala Music priceMUSIC

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Price of Gala Music today

The live price of Gala Music is $0.03345 per (MUSIC / USD) today with a current market cap of $0.00 USD. The 24-hour trading volume is $3.16M USD. MUSIC to USD price is updated in real time. Gala Music is 5.96% in the last 24 hours. It has a circulating supply of 0 .

What is the highest price of MUSIC?

MUSIC has an all-time high (ATH) of $0.2974, recorded on 2023-12-12.

What is the lowest price of MUSIC?

MUSIC has an all-time low (ATL) of $0.02642, recorded on 2024-08-05.
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Gala Music price prediction

What will the price of MUSIC be in 2025?

Based on MUSIC's historical price performance prediction model, the price of MUSIC is projected to reach $0.05938 in 2025.

What will the price of MUSIC be in 2030?

In 2030, the MUSIC price is expected to change by +6.00%. By the end of 2030, the MUSIC price is projected to reach $0.1667, with a cumulative ROI of +414.34%.

Gala Music price history (USD)

The price of Gala Music is -85.77% over the last year. The highest price of MUSIC in USD in the last year was $0.2974 and the lowest price of MUSIC in USD in the last year was $0.02642.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h+5.96%$0.03154$0.03400
7d+3.71%$0.03080$0.03435
30d-4.69%$0.02732$0.04362
90d+16.18%$0.02732$0.05573
1y-85.77%$0.02642$0.2974
All-time-0.77%$0.02642(2024-08-05, 115 days ago )$0.2974(2023-12-12, 352 days ago )

Gala Music market information

Market cap
--
+5.96%
Fully diluted market cap
$4,706,391.42
+5.96%
Volume (24h)
$3,158,911.56
+12.91%
Market rankings
Circulation rate
0.00%
24h volume / market cap
0.00%
Circulating supply
0 MUSIC
Total supply / Max supply
140,701,188.47 MUSIC
-- MUSIC
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Gala Music ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

About Gala Music (MUSIC)

What Is Gala Music?

Gala Music is a decentralized music platform launched in 2023. It is designed to revolutionize the music industry by leveraging Blockchain technology. Built on GalaChain, Gala Music aims to provide artists with greater control over their music and offer fans a more rewarding and interactive experience. By eliminating traditional intermediaries, Gala Music ensures fair revenue distribution and fosters direct engagement between artists and their audience.

The platform empowers musicians by allowing them to maintain full ownership of their intellectual property and set their own terms for distribution and pricing. Fans benefit from a seamless, ad-free listening experience and the opportunity to earn and use MUSIC tokens within the ecosystem. With support from iconic musicians like Snoop Dogg, Jordin Sparks, and Earl Sweatshirt, Gala Music is poised to create a more equitable and vibrant music industry.

Resources

Official Documents: https://music.gala.com/Gala_Music_Whitepaper.pdf

Official Website: https://gala.com/

How Does Gala Music Work?

Gala Music operates by turning songs into NFTs (non-fungible tokens) using the ERC-1155 standard on GalaChain. This ensures higher transaction throughput and low fees, making it cost-effective for users to transact these NFTs. The platform categorizes users into three main groups: artists, listeners (including track owners), and node operators (Jukebox operators).

Artists can sell their tracks through a tiered rarity system, starting with the most exclusive Signature Edition tracks and progressing through Pioneer, Limited, Standard, and Open Editions. This system builds excitement and provides a structured pathway for artists to release and monetize their music progressively. Fans can purchase these tracks, gaining true ownership and the ability to host them on Jukebox nodes to earn revenue based on the track's popularity.

Node operators, known as Jukebox operators, host music tracks and share in the revenue generated by these tracks. They ensure a minimum uptime of 20 hours, making hosted music available to the platform's users. Track owners who operate a Jukebox can retain 100% of the revenue from their music, enhancing their earning potential. The platform also offers various engagement opportunities, including exclusive events and loyalty programs, to strengthen fan-artist relationships.

What Is MUSIC Token?

MUSIC is the native token of the Gala Music platform, integral to its economy and operations. With a total supply of 1 billion tokens, MUSIC is used for purchasing songs, merchandise, and increasing the capacity of player nodes. It plays a crucial role in the platform's financial activities, encompassing both active and passive earning opportunities for users.

MUSIC tokens are earned by streaming songs on the platform, engaging in promotional activities, and participating in the platform's ecosystem. Fans can redeem their tokens for exclusive items, experiences, or trade them on supported exchanges. The token's utility extends to enhancing node operations, where it can be used to increase the number of songs a node can host, ensuring scalability and flexibility for Jukebox operators.

What Determines Gala Music’s Price?

The price of Gala Music (MUSIC) is primarily determined by the principles of supply and demand within the blockchain ecosystem. As a Web3 platform, Gala Music utilizes decentralized technology to create a dynamic and transparent market for its tokens. The latest news, market volatility, and trends in the cryptocurrency charts also significantly influence the token's price. Investors often look at these factors to make informed decisions about the best crypto investments for 2024 and beyond.

Market volatility and cryptocurrency risks play a crucial role in shaping the price prediction of the MUSIC token. The token's value can fluctuate based on the platform's performance, user engagement, and overall adoption of decentralized music streaming. Staying updated with the latest news and analyzing cryptocurrency charts can help potential investors understand market trends and make strategic decisions, considering the potential rewards and risks associated with investing in MUSIC tokens.

For those interested in investing or trading Gala Music, one might wonder: Where to buy MUSIC? You can purchase MUSIC on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

How to buy Gala Music(MUSIC)

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Use a variety of payment options to buy Gala Music on Bitget. We'll show you how.

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Gala Music news

Bitget Will List Gala Music (MUSIC). Come and grab a share of 1,111,120 MUSIC!
Bitget Will List Gala Music (MUSIC). Come and grab a share of 1,111,120 MUSIC!

We are thrilled to announce that Gala Music (MUSIC) will be listed in the Innovation and Web3 Zone. Check out the details below: Deposit Available: Opened Trading Available: 16 August 2024, 11:00 (UTC) Withdrawal Available: 17 August 2024, 12:00 (UTC) Spot Trading Link: MUSIC/USDT Activity 1: PoolX

Bitget Announcement2024-08-15 11:00
More Gala Music updates

FAQ

What is the current price of Gala Music?

The live price of Gala Music is $0.03 per (MUSIC/USD) with a current market cap of $0 USD. Gala Music's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Gala Music's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Gala Music?

Over the last 24 hours, the trading volume of Gala Music is $3.16M.

What is the all-time high of Gala Music?

The all-time high of Gala Music is $0.2974. This all-time high is highest price for Gala Music since it was launched.

Can I buy Gala Music on Bitget?

Yes, Gala Music is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Gala Music guide.

Can I get a steady income from investing in Gala Music?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Gala Music with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Where can I buy Gala Music (MUSIC)?

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Cryptocurrency investments, including buying Gala Music online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Gala Music, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Gala Music purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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MUSIC
USD
1 MUSIC = 0.03345 USD
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Bitget Insights

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