• 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 has been in search of a retracement since the start of February with a sudden fall that has resulted in a close to 5% decline.
• Despite the current market conditions, some coins still perform well like Binary X(BNX), which has increased by over 55% in the past week and over 140% since the start of the year.

Gifto (GFT) Market Overview

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.

Crypto Market Retracement

The crypto market experienced a significant surge in January but has 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.

Performing Coins

Despite the current market conditions, some coins still perform well making them potentially sound investments such as Binary X(BNX). The official token of BinaryX, BNX, has experienced an upsurge increasing by over 55% in the past week and over 140% since the start of 2021. BNX shifted its focus to developing decentralized video games and is now one popular GameFi and IGO platform generating play-to-earn games such as CyberDragon and others.

Technical Analysis for Gifto (GFT)

The price of Gifto (GFT)has been bearish ever since reaching an all-time high back in July 2018 when it was valued at $0.96 USD due to several bearish moves including those caused by FTX crashing headed by Sam Bank Fried resulting into consolidation along 200 day moving average with bearish trading volumes indicating further south movement if crossing occurs resulting into breaking out from consolidation towards next resistance level at around $0.1578 USD thus predicting that Gft will reach said value towards end Q1 2023 .

Conclusion

In conclusion we can see that despite current state within crypto markets there are still performing coins such as BNX where investors have shown interest leading to increase in trading volume and overall growth for said coin while for Gifto (GTF) technical analysis indicates further south movement should crossing take place breaking out from consolidation towards resistance level near around $0.1578 USD toward end Q1 2023