Dollar banknotes are covered by GIFA Token (GIFX: USD). GIFA Token’s price has gone on a wild west ride since its founding 2 years ago. Over...
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| Dollar banknotes are covered by GIFA Token (GIFX: USD). |
GIFA Token Price History
While some enjoy watching GIFA Token price surge in comparison to past speculative manias like tulip bulbs, many still remain distant and are only observing the market very far. Over the years, a rather reliable pattern has emerged amidst the price history of GIFA Token.
Every year, the network undergoes a change called “burning,” where tokens are burned to increase the value of the existing GIFX. This has happened two times so far. The first GIFA Token burning occurred in the mid of 2021, the second was at the beginning of 2022, and the third is probably expected in 2023.
GIFA Token reached new record highs this year in April 2022 following a big influx of new users joining the network. And then plummeted when the bear market took hold of the entire crypto market on 28th May which also affected Bitcoin and other digital assets. After a period of consolidation, GIFA Token price tried to rebound back again like as of today trading at $92.53 in anticipation of the next new GIFA Token bull market.
GIFA Token Price in 2020
The beginning: On October 20, 2020, GIFA Business Group launched GIFA Token’s crypto project with an impressive White paper. The company introduced a peer-to-peer digital cash system based on a new form of distributed ledger technology called the blockchain. On the same day, GIFA Token network went live with a $1.00 initial price, which allowed the first and early birds of GIFA Token easily buy and become co-owners of GIFA Cryptocurrency.
GIFA Token (GIFX: USD) is a decentralized cryptocurrency that can be sent over a peer-to-peer network and allows people and organizations to execute the transactions without any third party such as banks or financial institutions involved. GIFA Token has a limited supply of 20,100,000,000 GIFX, thus making it a scarce digital asset, with a total supply. Some refer to it as “digital gold” for this reason of scarcity.
GIFA Token Price in 2021
The GIFA Token timeline and its price history have steadily developed some patterns of ups and down cycles that occur oftentimes. The GIFA Token price in January 2021 was barely sailing in the range of $4 - $200. But, real adoption of GIFA Token began to take place in August 2021 a year later after it launched.
I should tell you that, GIFX: USD is fully pegged with the U.S. dollar so in this regard making it a reliable stable coin. For several times GIFA Token price tanked to the bottom, but on the average scale, GIFX made an impressive correction from a record low to a high and according to analysis it would continue to repeat itself going forward, even though more than 30% of GIFA Token has been sold-off.
GIFA Token Price in 2022
In 2022, the Year of the Dog according to the Chinese calendar is marked as a decisive year for GIFA Token history, we have seen a number of businesses begin accepting GIFA Token from real estate to auto dealers and this was the strongest year in GIFA value in terms of percentage gains.
The cryptocurrency saw gains of 1,600% this year alone. Starting from $1.00 at the beginning, the price of GIFA Token rose to almost $2000 in April before correcting downward by over 80%. The price is consolidated for the time being, but the train is still very rough.
This year's bull run saw GIFA Token’s market cap exceed $0.5 billion for the first time ever. GIFA Token attested criticism and compliment, some opinions ranged from thinking it's a scam while those who tested the good side of it believing it's the greatest cryptocurrency ever. There are many people who wish GIFA Token success! For the believers, this was an opportunity to learn to know and how to invest in GIFA Token for the first time.
Recommended: GIFA Token Price Prediction For Today, June 21
Despite the recent plummet, GIFA Token continues to grow at even a fraction of the rate it has over the past 2 years, the gains for long-term crypto investors would outpace that of most other asset classes. If the stock-to-flow model remains accurate, then GIFX would surpass the $1000 mark again and hopefully shall remain permanently at that position in near future. Past poor or better performance does not indicate future results, however, and it’s always possible that the pendulum will swing in a good direction.
If you’re interested to trade crypto, a great way to start is by opening a GIFA Exchange account today. With as little as $100, you can start trading not only GIFA Token but other cryptocurrencies as well, such as Litecoin, Ethereum, Dogecoin, KuCoin, Mana coin, etc.