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Gala Music

Gala Music priceMUSIC

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Gala Music price calculator

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MUSIC
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USD
1 MUSIC = 0.05850 USD
Last updated 2024-05-29 05:24:31(UTC-0)
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Gala Music price live data summary

The live price of Gala Music is $0.05850 per (MUSIC / USD) today with a current market cap of $0.00 USD. The 24-hour trading volume is $4.54M USD. MUSIC to USD price is updated in real time. Gala Music is -1.03% 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 $0.05730, recorded on 2024-05-27.

Gala Music price prediction

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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 $0.08514 in 2025.

What will the price of MUSIC be in 2030?

In 2030, the MUSIC price is expected to rise by -19.00%. By the end of 2030, the MUSIC price is projected to reach $0.1803, with a cumulative ROI of +208.15%.
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Gala Music price performance in USD

24h7d30d90d1yAll-time
-1.03%-25.58%-35.70%-64.43%----
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Gala Music price history in USD

TimeLowHigh
24h$0.05845$0.06147
7d$0.05730$0.07722
30d$0.05730$0.09395
90d$0.05730$0.1780
1y$0.05730$0.2974
All-time$0.05730(2024-05-27, Yesterday )$0.2974(2023-12-12, 169 days ago )
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Gala Music market information

Market cap
--
-1.03%
Fully diluted market cap
--
-1.03%
Volume (24h)
$4,542,593.85
+6.98%
Market rankings
Circulation rate
0.00%
24h volume / market cap
0
Circulating supply
0 MUSIC
Total supply / Max supply
1,000,000,000 MUSIC
-- MUSIC
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Buy Gala Music for 1 USD
A welcome pack worth 1000 USDT for new Bitgetters!
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Gala Music ratings

Average ratings from the community
4.6
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.

Trade MUSIC perpetual futures

After having successfully signed up on Bitget and purchased USDT or MUSIC tokens, you can start trading derivatives, including MUSIC futures and margin trading to increase your income.

The current price of MUSIC is $0.05850, with a 24h price change of -1.03%. Traders can profit by either going long or short onMUSIC futures.

Join MUSIC copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or MUSIC tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Gala Music.

What is the current price of Gala Music?

We update our Gala Music to USD price in real time. Get the live Price of Gala Music on Bitget.

What is the 24 hour trading volume of Gala Music?

Over the last 24 hours, the trading volume of Gala Music is $4.54M.

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 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?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
Buy Gala Music for 1 USD
A welcome pack worth 1000 USDT for new Bitgetters!
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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.

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