GTO Coin Price Prediction: What to Expect?
The value of Gifto is expected to rise to $0.019158 by November 7th, 2022. The present sentiment signifies the bearish status, yet the Fear and Greed index seems a little bit cautious with 30 (Fear). Gifto has had 12 green days over 30 days of a month, around 40%. It has 3.9% price volatility within the same period. So, it might not be a good time to buy this coin now.
GTO Price Prediction 2023, 2024, and 2025
In terms of altcoins, we need to take critical technological innovations and trends into consideration to have a highly accurate forecast. As shown in the table above, elements like internet growth, google growth, etc. contribute to Gifto price forecasts.
If things go as expected, the GTO price will be $0.295413 in 2025 following the growth of Facebook. Meanwhile, it can be $0.058230 if Gifto follows the Internet growth.
What Are Gifto’s 50-Day, 200-Day Simple Moving Averages (SMA) and 14-Day Relative Strength Index (RSI 14)?
The trading of Gifto is now below the 200-day SMA and it has shown the SELL signal for the last 108 days since July 18th, 2022. Also, Gifto’s price is below the 50-day SMA, signaling SELL for the last 44 days since September 19th, 2022.
Moreover, the death cross has overwhelmed the Bitcoin market for 269 days since February 06th, 2022 while a golden cross recently took place on November 15th, 2021.
Coincodex uses its technical indicators that generate insights into the value of Gifto for the forecast of a drop to $0.020285 by December 03, 2022, in the 200-day SMA. Meanwhile, the short-term 50-day SMA shows the expected estimation of $0.018456 in the same period.
Besides, the RSI momentum oscillator is now at 45.91. It means that the GTO market is neutral at the moment. A little side note for those who have little knowledge about RSI is that it is a popular indicator to show the status of a cryptocurrency — being oversold (below 30) or overbought (above 70).
What Are the Key Price Levels of Gifto?
The classical pivot point (P1) shows the value of $0.018801 on November 03rd, 2022. Gifto has a support level of $0.016108 as the strongest and a resistance level of $0.021301 as the strongest.
Gifto Correlation
Gifto price has a positive correlation with the top 10 coins such as Decred, Curve DAO Token, Ethereum Classic, Oasis Network, and ApeCoin by market capitalization with the value of 0.252. Meanwhile, it has a negative correlation with some currencies such as ABBC Coin, Chain, Trust Wallet Token, Chiliz, Binance Coin, etc.
Being positively correlated with Gifto indicates the movement of a currency having a statistically significant weight to lead in the same direction. Being negatively correlated means that Gifto has an opposite direction from the coins/currencies.
The History of Gifto’s Price Performance
It is useful for forecasting through the patterns of growth or decline when looking at the history database of Gifto. By looking at Gifto’s data in the past, you can draw many practical insights into its next move in the future. That is why you cannot only make a GTO price prediction 2025 but also a GTO coin price prediction 2030.
FAQs
What is Gifto?
Gifto is a decentralized protocol for the creation and exchange of virtual gifts on the Ethereum blockchain. It is a proud product of the Asian Innovations Group.
What is the GTO Coin Price Prediction Based on?
It is possible through the consideration of both on-chain and off-chain metrics, and the support of technical indicators. The key point is to deep dive into Gifto’s past price performance. Besides, you can add the market sentiment as a helpful gauge to see whether investors are thinking about Gifto — is it better or worse in the future?
Yet, you should not expect 100% accuracy in Gifto price forecasting. There are still unpredictable factors that can change the situation in the blink of an eye. So, the best way is to carefully conduct market forecasting with powerful tools but still keep track of the market for timely action.
Is GTO a Good Investment?
In the short-term view, Gifto might not be a great deal to invest in as its price dropped 63.79% in the last 1 year. Moreover, the volatility of Gifto’s prices and the crypto crash now are other factors for your consideration. Yet, if you want to hold GTO for a longer term, it can have a better future as the coin’s three-year performance is 27.81%.
What is the Fear and Greed Index?
The Fear and Greed Index clarifies the current sentiment of the market. Specifically, it shows the feelings of the overall market through numbers. The scale ranges from 0–100 which goes from extreme fear to extreme greed.
Based on an individual trading style, some traders take a prevalent negative sentiment as a chance to earn higher through bigger bets. The Fear and Greed index is close to trading psychology but instead of guessing or assuming, you can draw insights into the market participants’ minds through numbers.
This index uses many metrics to gauge the market sentiment such as volatility, trading volume, social media sentiment, etc.
What is the Gifto Death Cross?
The death cross is a chart pattern showing Gifto’s recent price weakness. Specifically, this term indicates the decline of a short-term moving average. The popular moving averages are the 50-day and the 2000-day.
What is the Gifto Golden Cross?
The Gifto golden cross signifies the short-term moving average crosses above the long-term one. It has a bullish pattern from a crossover with the Gifto’s short-term moving average. For example, the 15-day moving average breaks the 50-day moving average or resistance level.
What Will It Be Like in the GTO Coin Price Prediction 2025?
According to the tech sector growth forecast of Coincodex, the GTO price will be in the range of $0.056768 and $0.295413. It indicates a rise of 1,467.93% if things follow the best scenario by 2026.
How to Read Gifto Charts and Forecast Its Price Movements?
Traders prefer candlestick charts as they generate more information and insights than a simple line chart. Thus, you can observe the patterns of Gifto price action through different granularity.
For instance, you can pick the 5-minute candlestick chart for insights into short-term price movements while choosing a weekly candlestick chart for the identification of long-term trends. The common candlestick charts include 1-hour, 4-hour, and 1-day charts.
The color of the candle should be in your consideration, also. A green candle signifies that the closing price is higher than the opening price. Meanwhile, a red candle shows us the opposite — the closing price is lower than the opening one.
Which Factors Impact the Price of Gifto?
The Gifto prices are profoundly impacted by supply and demand. The fundamental events like block reward halving, hard forks, or the latest protocol leave noticeable effects. Also, the regulations and adoption by corporations and governments can change the GTO coin price.
Besides the traditional forecasting methods, many traders also monitor the activity of GTO “whales” that control dominant amounts of GTO in the market. Combining all the influential factors, you can draw a whole landscape of Gifto price movements and then enhance the accuracy of Gifto price forecasts.
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