Gifto’s price rise also came with an unexpected volume increase of 180% which may have been behind the gains in the last 24 hours.
After experiencing its recent spike in price and trading volume, Gifto is now a trending coin on Coinmarketcap, meaning there will be traders keeping their eye on the coin to see what it does next.
According to Coinmarketcap, Gifto has achieved some innovations since its launch in 2017, such as having “the largest crypto wallet for mass market use, the highest active user blockchain game, and other mass consumer applications. Gifto Chain and Wallet is developed by global contributors across technology, operations, partnerships, and community.”
Designed as a way to give crypto gifts, the Gifto chain is “agnostic” meaning that “all tokens can be used to redeem gifts on the platform, not just GTO.”
Where to buy Gifto
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
CedarFX is an eco-conscious broker offering 0% commission trading on 170+ assets, including Forex, Cryptocurrency Pairs, Stocks, Indices and Commodities. With up to 1:500 leverage, no-fee transactions and low spreads, traders can make the most of their funds. CedarFX also offers an Eco Account option to support tree planting and sustainability projects.
Why are traders looking to potentially buy Gifto right now?
After being virtually dormant for almost four years, the recent interest in Gifto is surprising.
The highest volume of trading activity has been on Binance which has seen the majority of the trading liquidity at 83%.
Confidence is currently “high” for long positions, according to Coinmaketcap’s “confidence indicator”
This is despite some reservations for the project, after all, what use is a crypto gift platform in a world of NFTs and plenty of options for sending funds cheaply and quickly? Nevertheless, the increased trading volume and price rise may afford savvy investors opportunities for finding profit from this trending coin.