Gifto Continues Consolidation as Curve Dao and BNX Surge in Value
• Gifto (GFT) has a market capitalization of $115,463,053 and is currently trading at $0.115386.
• Despite the declining crypto market, some coins have performed well such as Curve Dao and Binary X (BNX).
• GFT’s price is in consolidation phase but it could reach $0.15 by the end of Q1 2023 if its moving averages cross.
Gifto (GFT) Market Summary
Gifto (GFT) currently has a market capitalization of $115,463,053 based on its circulating supply of 1 billion GFT tokens. At the time of writing GFT is trading at $0.115386, with a 24-hour trading volume of $114,697,643 and has increased by 0.60% in the past 24 hours but has declined by -5.50% over the past 7 days.
Gift Price Prediction
The price of Gifto has been in a bearish move since reaching its all-time high of $0.96 in July 2018 due to the fall of FTX crypto exchange headed by Sam Bank Fried. Since then it’s been consolidating and if it breaks out from this pattern it can reach resistance level at $0.1578 which puts our prediction for GFT reaching around $0.15 towards the end of Q1 2023 into perspective.
The crypto market experienced a surge in January but seems to have been searching for retracement since the start of February causing most altcoins to display red figures and resulting in a decline below 1 trillion market capitalization line again..
Despite this falling trend some coins still show signs that they’re potentially sound investments such as Binary X (BNX). BNX has shifted focus to developing decentralized video games and creating popular play-to-earn games such as CyberDragon or TripleDrop resulting in an increase interest from investors which caused its value increasing by over 55% within 7 days and over 140% since 2021 started!
It seems that despite the current bearish trend there are still coins performing well making them potential sound investments so be sure to do your own research before investing!