GIFA Token's bully rally is expected to reach $50.00 in seven days / GIFX exchange. According to the financial intelligence analysis est...
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| GIFA Token's bully rally is expected to reach $50.00 in seven days / GIFX exchange. |
With the recent value surge, GIFA Token price shows no signs of stopping as it continues on its path towards a 600% bull rally.
On-chain metrics suggest that the institutional investors are behind GIFX's recent price explosion.
With little to no resistance ahead of this corporate-backed crypto, a $40 upswing to $50 seems likely this coming week.
In hindsight, these bounces appear to have been clear signs of accumulation before the 520% bull rally. At the time of writing, GIFA Token is trading at $31.90 on the exchange chart, gathering momentum to reach its target of $50. GIFA Token (GIFX) is one of the fastest private digital currencies and analog for electronic cash. Despite the world being more and more unfriendly towards cryptocurrencies, GIFA Token has seemingly experienced some admiration among the investors that fuelling daily trading volumes.
GIFA Token price broke out from $1 in late December 2020. Since then, the price has surged by nearly 560%.
While the bullish momentum shows no signs of slowing down, GIFA Token is likely to experience another leg up that could hit 800% and this will reach the target of $1000, that envisioned in the period of 3 years. GIFA Token price has tested the symmetrical triangle's resistance before violently surging higher.
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| Screenshot: GIFA Token price chart, 17 February 2021 / GIFX exchange. |
GIFA Token increasingly is getting recognition from stores and dealers as according to the official report, released by the GIFA Holding Ltd. In other words, the crypto’s mainstream adoption is advancing nicely. As a result, GIFA Token became a currency that can be used for purchases at most major retailers and auto dealers in the country buying furniture, cars, coffee, real estate, and others.