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GIFA Token Price Spikes Over $922.58 In 24 Hours

GIFA Exchange — GIFA Token price spikes over +15.42%, breaking another new record making from its previous $620 in August...

GIFA Exchange —

GIFA Token price spikes over +15.42%, breaking another new record making from its previous $620 in August 2021. GIFA Token (GIFX) returned to its top-level on 26 April 2022 after a price rise of nearly +15.42% to $922.58 in a 24-hour, confirming that buyers appreciate the bullish rallies for GIFA Token.

GIFA Token price trends have witnessed some fluctuations over the past months while still maintaining stable metrics that propelled the Nonfufble token to a new all-time high. Analysts were stunned by the bullish GIFX price recovery as more investors joined the network. Hopefully, we are going to see a massive increase by the end of 2022 that will allure more buyers than sellers in this evolving technology.

As big players enter the project, GIFA Token’s value recently hit an all-time high. The new peak indicates that a high number of investors supporting the GIFX community which helps strengthen the GIFX brand against any vulnerability and jeering for its rewards in the future. As the GIFA Token network becomes more secure and stable, soon we will see big institutions join the GIFX blockchain.

GIFA Token accelerates crypto adoption and is regarded as an inflation hedge, an asset that holds value and preserves the purchasing power of the money invested. GIFA Token is backed by multi-million physical assets with a value pegged to the price of USD. Despite price turbulence, that may fall sharply and markets liquidity withdrawals, GIFA Token proponents have all hailed the significance of holding GIFX as an inflation hedge and a classic store of value asset, thanks to its maximum supply cap of 20 billion and living up to its reputation as digital gold. 

Interestingly, the rising of the crypto prices also reveals capital inflow into the industry as a whole, which analysts compare to the gold rush of the 1880s. The overall cryptocurrency market rose more modestly by around 5 percent following the news of Mr. Elon Musk’s Twitter takeover by paying $44 billion. Musk has sprung the crypto market trend that had seen its market cap slide from above $2.1 trillion to below $1.8 trillion since the start of April. The price of Dogecoin (DOGE) has also surged more than 30 per cent after Elon Musk’s takeover of Twitter. The meme-inspired cryptocurrency reached above $0.16 on Tuesday morning. 

Mr. Musk, who is a vocal crypto advocate and dogecoin investor, has said he will make cryptocurrency a priority on Twitter. Dogecoin has spiked 19% at 0.00008547 since its all-time low, however, it still needs a big bull run to cross its record all-time high of 0.00008547, which is more than 77% less than the current price of Dogecoin. At the time of publishing, Dogecoin was trading at $0.1644, which is a massive jump of +32.18% in a 24-hour trading period.

With the sudden price surge of Dogecoin, the Shiba Inu competitor that was recently added to GIFA Exchange has managed to flip the chart to make a whipsaw move and spillover. SHIB price looks set to tank another level as bulls cannot materialize a follow-through and make new highs to show conviction in markets, giving encouragement to sidelined investors. Expect to see a drop back below the red descending trend line that will trigger a drop towards $0.00002150, or roughly 11%.

Meanwhile: Bitcoin (BTC) formed a triple bottom at around $38,000 and showed a minor pullback on Tuesday. It was one of the worst performers this month and lost nearly $10,000 as macro sentiment weakens. The demand for riskier assets decreased in hopes of aggressive rate hikes by the Fed. The rising oil prices and other sentiments such as geo-conflicts in Ukraine could affect the market. 

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