• Gifto (GFT) currently has a market capitalization of $115,463,053 based on its circulating supply of 1 billion GFT tokens.
• The crypto market experienced a significant surge in January but it seems to have been in search of a retracement since the start of February.
• Despite the falling market, some coins such as Binary X(BNX) and Curve Dao still perform well, making them potentially sound investments.

Gifto (GFT) Price Prediction

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. 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.

Technical Analysis

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. 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 that the price may move further south if these moving averages cross one another which could lead to prices reaching up to $0