GIFA Token (GIFX) is cruising among the 20 largest cryptocurrencies with a market capitalization above $50 billion, sitting between Bitcoin ...
Two months ago, GIFA Token price topped the chart and fell 86% lately. It has been a staggering development for the high-flying cryptocurrency so far. Despite its recent pullback, GIFA Token remains up 890% since its launch in October 2020 when it was only worth $1.00 (USD). Investors who bought the token at the right time should expect a good return of investment (ROI) at the end of the day.
Long-term potential
It marked the humble beginning of a new GIFA Token price structure forming through these days and building a symmetrical triangle for steadfastness improvement, refining the trends with the recent market volatility. GIFA Token remains one of the better cryptocurrency assets investors can buy today. GIFA Token is a digital asset with plenty of upside potentials. With the current price market swings, bullish investors may capitulate the best buying window of the dip.
Today when I last checked the chart on www.gifatoken.com GIFX was trading at $25.44, which is a sign of moving in a positive direction. The corporate-backed crypto is at its highest momentum since April, a notable recovery, however, the crypto asset has yet to convincingly break through resistance and most importantly, close above – the $100 mark.
We’ve seen the price face resistance earlier in April when it was trading around $542 what was then an all-time high, and now investors would really eager to see a stronger increase to feel optimistic about the price recovering and possibly pushing onto $1,000 and beyond. We’ve actually seen a lot of interest from institutional investors who are eager to buy in as they find these levels as a slightly more palatable entry point.
GOOD NEWS! GIFX exchange will open the trading platform to all users on 18 June, just 3 days to go from now. The platform will connect traders and it supports various cryptocurrencies bitcoin, ethereum, tether, dogecoin, ripple, litecoin, and other digital assets.
Bitcoin could rebound back to $50k
The world’s No. 1 crypto, Bitcoin (BTC) makes positive moves to the previous highs as reclaims $40,000 on Monday. The bitcoin price is once again surging, pulling the rest of the crypto market up with it. At last check, bitcoin price had climbed more than 12% and was changing hands around $40,631, which would mark the highest level since late May, according to FactSet data.
Bitcoin's gain is still far from its mid-April peak near $65,000, but bullish investors would view the recent price run-up as constructive and potentially auguring well for bitcoin values in the longer term. Bitcoin has been in a downward correction since May 19. On June 12 and June 13, BTC price retested the $35,000 support which resulted in a rebound above the current support. The rebound catapulted the coin to rally to $39,000 resistance. Thanks to Elon Musk, who announced that Tesla will accept bitcoin again and the positive news from El Salvador that made bitcoin official legal tender last week.
The moves in crypto come as stocks are under pressure in early trade as investors await a key update on Wednesday from the Federal Reserve about its inflation outlook. The Dow Jones Industrial Average the S&P 500 index and the Nasdaq Composite Index were all struggling for altitude but holding near record-closing highs.
Meanwhile, other crypto-assets were also climbing in sympathy with bitcoin, perhaps. Ether coins on the Ethereum blockchain were up more than 8%, changing hands at $2,546.22, and meme asset Dogecoin was up about 7% to trade near 33 cents.