{"id":375873,"date":"2023-02-16T09:43:09","date_gmt":"2023-02-16T14:43:09","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=375873"},"modified":"2023-02-27T13:36:46","modified_gmt":"2023-02-27T18:36:46","slug":"gft-price-prediction","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/gft-price-prediction","title":{"rendered":"Gifto (GFT) Price Prediction: Gifto in Consolidation Phase as Curve Dao and BNX Continue the Surge in Value\u00a0"},"content":{"rendered":"

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<\/span> $0.115386,<\/span><\/a> with a 24-hour trading volume of $114,697,643. The token’s price has increased by 0.60% in the past 24 hours but has declined by -5.50% over the past 7 days.<\/span><\/p>\n

GFT\/USD Technical Analysis <\/span><\/h2>\n

The price of Gifto has been in a bearish move since reaching its all-time high of $0.96 in July 2018. The price has experienced a series of bearish moves escalated by the fall of the FTX crypto exchange headed by Sam Bank Fried.<\/span><\/p>\n

Since the crash of FTX, the price of GFT has been consolidated, trading along the 200-day moving average. The trading volumes are strongly bearish, indicating the price to move further south.<\/span><\/p>\n

\"GFT<\/p>\n

Should the crossing of the moving averages take place, the price of GFT must break out of the consolidation to the next resistance level at $0.1578. Therefore we predict that GFT will reach $0.15 towards the end of Q1 of 2023.<\/span><\/p>\n

Curve Dao and BNX Perform Well Despite the Crypto Market Falling Again<\/span><\/h2>\n

The crypto market experienced a significant surge in January. Still, it seems to have been in search of a retracement since the start of February, with a sudden fall that has resulted in a close to 5% decline. Most significant altcoins display red figures, and the market capitalization has fallen below 1 trillion.<\/span><\/p>\n

Despite the current market conditions, some coins still perform well, making them potentially sound investments. Here are a few examples.<\/span><\/p>\n

Binary X(BNX)<\/span><\/h3>\n

The official token of BinaryX, BNX, has experienced a significant upsurge, with its value increasing by over 55% in the past week and over 140% since the start of the year. Despite the falling market, the token has attracted increased investor interest, resulting in a rise in trading volume in the last 24 hours.<\/span><\/p>\n

BNX has shifted its focus to developing decentralized video games and is now a prominent GameFi and IGO platform. The token has created popular play-to-earn games such as CyberDragon and CyberChess, which are hosted on the BNB chain and have a strong community of over 100,000 coin holders and 30,000 monthly active wallets.<\/span><\/p>\n

In exciting news, BinaryX recently announced that it plans to expand its range of games and split its token BNX in 2023. This move was decided upon through a <\/span>DAO vote<\/span><\/a>, which received overwhelming support from the community. 99.5% of voters agreed to the token split, indicating a high confidence level in BinaryX and its plans for the future.<\/span><\/p>\n

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📢Updates on Token Split❗️❗️<\/p>\n

🎮We will pause some of our games for token split migration starting from Feb 17, 2023<\/p>\n

💫Thank you all for ur continuous support of #CyberDragon<\/a> and #CyberChess<\/a><\/p>\n

⬇Check below for Maintenance Time details: pic.twitter.com\/R4wqLQhky1<\/a><\/p>\n

— BinaryX (@binary_x) February 16, 2023<\/a><\/p><\/blockquote>\n