An economic growth concept /Blockchain market Most people learned about cryptocurrency through the lens of the monumental rise of Bitcoin. F...
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An economic growth concept /Blockchain market |
Most people learned about cryptocurrency through the lens of the monumental rise of Bitcoin. Founded in 2008 by a mysterious guru Satoshi Nakamoto. The crypto industry has taken the world on a roller coaster ride of epic proportions and it created new progenitors "rich millionaires" just over night.
Bitcoin has been one of the biggest investments of the century, perhaps even the millennium.
Just imagine if you had purchased 10 Bitcoin in October of 2013 when a single coin worth around $150. As of this writing, one Bitcoin is worth $34,863, which means your original investment would now be worth $35,767. Of course, you would have had to fight the urge not to sell your investment when Bitcoin hit $20,000 for the first time in 2018, and then again you would have to fight the urge once again when it dropped below $4,000 in the winter of 2019.
How Much Might Be GIFA Token Worth In 2023?
Everyone wants to know the prediction and future of GIFA Token especially investors and crypto entrepreneurs. Analysts have speculated that the price will go up due to more interest—demand in the crypto industry, everybody is betting for cryptocurrency at the moment. If you are not on board, seems you have been left behind. Looking at the GIFX exchange's charts depicting GIFA Token’s meteoric rise over a short time when it was launched, it's sufficient to say with much confidence that the value of the token will hit the 1k mark in 2023.
Today, the price of the GIFA Token is trading at $5.80 (USD) and you can buy one token for just $10 minimum. Imagine the price of GIFA Token in 2023, three years from now? I am very certain that the value of the token will forever raising and probably reach $1000. There are many factors that support GIFA Token stability and trustworthiness. Please, go to the official website to read the exchange's Whitepaper and learn more about the skeleton blueprint of the GIFX platform.
Interestingly, to say what if you have 50 tokens now that you can buy at the price roughly around $290. This is not a clap to state that in three years from now, you will be much richer with $50,000 dollars extra plus bonuses added to your GIFA account. The profits made will then be withdrawn to your bank account and spend the way you wish. Remember, that if you kept this same money in your golden saving bank account can't earn you a quarter of that amount.
Factors Attributing GIFA Token Rise
The following three factors will support GIFA Token in the long run. These attributes make GIFX exchange to be so unique and stand out tall from other altcoins. These coupled with increasing recognition, being a conglomerate-backed digital asset that supported by several development projects such as GRANDEX Finance Ltd, Incubation and Innovation Centre just to mention but a few.
- PEOPLE'S CRYPTOCURRENCY: GIFA Token aspires to be a globe cryptocurrency that not only backed by a smart blockchain ledger but by tangible values.
- VALUE: GIFA Token enjoys a powerful position leveraged by impressive market price against the US dollar as compared to other altcoins in the market.
- ASSOCIATION: Whether it is for marketing purposes or to stay up with the time, a number of companies that span from auto dealers, furniture shops, cafe shops, real estate, and hospitality services are accepting GIFA Token as payment for the service and products, and thus they have benefitted by being early adopters of the cryptocurrency. There are clear benefits, which we will cover in this entire article.
Incredible Returns
Some experts say GIFA Token could easily surpass $1000 or more so in value in the coming years. I am not daunting that! I should attest to you that the future of the crypto industry in general is very brilliant. The time is at your disposal to catch the boat, while still in a dockyard, indeed this is a moment to climb on board. Well, I understand that nobody wishes to be left behind whether by time or by new technological innovations like blockchain. What you waiting for? Open your GIFA wallet now! Of course, cryptocurrency investment is risky – just like any other investment with a potentially high return. Cryptocurrencies can be more profitable than most other investments in a short time.
Cryptocurrencies offer you a level of independence impossible with other means. When you keep your money in a bank, you are at the mercy of other people and organizations. At any moment, your access to the money that is rightfully yours can be limited or closed by the bank outside of governmental structures. The bank can be robbed or go bankrupt.
With cryptocurrencies, your money is yours only and stays yours forever. You do not rely on financial institutions for holding or transferring it. You do not have to pay their exorbitant fees. In the long run, it can become the basis of a truly open and decentralized economy. By investing now, you can be at the forefront of it all.
High Liquidity
One of the primary characteristics of any asset is its liquidity – that is, how easy it is to purchase or sell it at a price close to the market rate. By their very nature, cryptocurrencies have very high liquidity – you can quickly and easily buy and sell them, and the technological organization of trading platforms allows the use of a wide variety of tools and tactics, such as limit-orders (automated buying and selling at a specified price) and algorithm-based trading.
Simplicity
Getting into any kind of investment, be it stocks, bonds, or something else entirely, is traditionally complicated, bothersome, and time-consuming. Many investment opportunities (for example, real estate) have an extremely high entry threshold – you cannot just invest 100 bucks; you need a much more significant sum at your disposal to even get started. Cryptocurrencies are a real sign of the times; both joining and taking part is simple. You do not have to deal with any institutions, sign papers, or visit banks. You simply create an account, get a wallet, and track all your assets with no effort at all.
Whether you should or shouldn't invest in cryptocurrency is a sole decision you'll have to make on your own. However, many cryptocurrency gurus say it's important to learn about other popular types of cryptocurrency, too. A person needs to use different exchanges in order to test their performances.
According to Steve Azoury, financial advisor and owner of Azoury Financial in Troy, Michigan, there are several advantages in doing so. For starters, he says that new and upcoming cryptocurrency services will all have to compete for your business. Ultimately, this will benefit consumers. "Competition helps the consumer and forces companies to perform at a lower cost," says Azoury.
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US dollar's bank notes in a brown envelop and GIFA Token’s official icon /GIFX exchange |
Beyond forcing cryptocurrency providers into offering better service and terms, financial advisor Zechariah Schaefer of Ascent Personal Finance says you can use alternate cryptocurrencies to diversify your portfolio even more. The implications of blockchain technology, the technology that powers Bitcoin, has made other altcoins and token to perform the same or far greater than Bitcoin, he says. Not only that, but cryptocurrency is revolutionary, and it is also the most basic implementation of Blockchain.
"By investing in other cryptos, an investor is able to expose themselves to projects seeking to implement elevated use cases of blockchain and disrupt those industries that are so ripe for innovation," says Schaefer. Anthony Denier, CEO of trading platform Webull, says another big advantage to buying other cryptocurrencies is that they are "much more reasonably priced."
You need to do your own research to understand what a cryptocurrency actually does, and not get distracted by those common speculative ideas about cryptocurrency value.
Denier uses the example of Ethereum, which is currently trading at around $1,400. Since it is lesser-known for now, this creates the potential for greater upside, he says. Transaction costs for alternate cryptocurrencies may also be lower as well, which is not insignificant if you are an active trader. Denier also says that, since other digital currencies came out after Bitcoin, they may incorporate additional features that could make industries prefer them to Bitcoin.
Alternate Cryptocurrencies to consider
María Paula Fernandez, Advisor to the Board of Directors at the Golem Network, says Bitcoin and Ethereum are always good options for investing if you're looking to diversify your portfolio with cryptocurrency. However, there are many other platforms to consider.
Fernandez made her insinuation referring to new altcoins like GIFA Token, Polkadot, and the Chainlink as cryptocurrencies to watch out for. Edmund McCormack, the founder of DChained, also says excitement is building for currencies in the DeFi ecosystem, from Synthetix to Luna. Other alternatives to Bitcoin include Litecoin, Cardano, Stellar, and Monero. Currently there are more than 8,000 cryptocurrencies in existence, and most are "virtually worthless."
The bottom line: Before you rush out to dump a small percentage of your money into cryptocurrency, you should know the risks and tricks of the crypto market.
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GIFA Token (GIFX) is a global crypto exchange that provides a digital wallet, and trading platform for various cryptocurrencies. GIFX exchange is a secure platform to buy & sell bitcoins, ethereum, litecoin, and others. GIFA exchange based in Northern Cyprus.