The only problem is that the fundamentals of this project seem trash to me. Of course I could be totally wrong, and virtual gifts on social media platforms will turn out to be the new big thing, but.. Well, let's just say I'm not buying it.
Anyway, once true altseason hits none of this will matter anyway, as people will be aping into anything that hasn't exploded yet really, therefore I can easily see the price of Gifto back at previous highs from this year (~about +300% from here)
Although +2500% sounds insane and should not be treated as an ultimate target, there's a lot of positive factors indicating potential for upward pressure.
1) Symmetric triangle (continuation pattern) 2) Long period of accumulation 3) 5th wave hit local support, lower trendline and highest volume node 4) OBV still rising
!! RE-CLAIM of 0.506 IS ESSENTIAL !!
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About Gifto:
Gifto is a decentralized gifting protocol based on the Ethereum blockchain and a virtual gifts market place. Gifto will first serve UpLives' 60,000 broadcasters to receive gifts from millions of followers from other social media platforms such as Facebook, Instagram, YouTube, and others.
Source: cryptopotato
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looks like this breakout is programmed, the only question is when 👀👀