Crypto value predictions: Filecoin, Gifto, Safemoon

• Filecoin value went vertical on Friday amid issues about its utility.

• Gifto misplaced momentum because the rebrand hype died.

• Safemoon was left behind within the meme token rally.

Cryptocurrencies had a blended efficiency this week because the US greenback index (DXY) continued rebounding and as regulators intensified their actions. Bitcoin quickly soared to over $25,000 for the primary time in six months. Listed below are the highest crypto coin predictions for the weekend, together with Filecoin (FIL), Gifto (GFT), and Safemoon (SFM).

Filecoin value prediction

Filecoin had a spectacular week because it jumped to the very best degree since September 2022. It has risen by over 250% from its lowest degree in 2022 at the same time as issues about its utility proceed. Protocol Labs, its creator, even introduced some layoffs lately.

Filecoin managed to cross the essential resistance level at $5.81, the earlier year-to-date excessive. The coin has additionally jumped above the 25-day and 50-day transferring averages and shaped a cup and deal with sample.

Due to this fact, there’s a chance that the coin will preserve its bullish momentum within the coming days if bulls handle to push it above the present degree. Such a transfer will deliver the following resistance degree to $10, which is far increased than the place the coin is right this moment. A drop under the assist at $5.81 will invalidate the bullish view.

Tips on how to purchase Filecoin

Binance

Binance is likely one of the largest cryptocurrency exchanges on the planet. It’s higher suited to extra skilled traders and it gives numerous cryptocurrencies to select from, at over 600.

Binance can be identified for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, similar to; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.

Purchase FIL with Binance right this moment

OKX

OKX is a prime cryptocurrency change which gives over 140 cryptocurrencies to put money into.

OKX takes buyer safety very severely, they retailer nearly all of their shoppers’ funds in chilly storage, and the change is but to be hacked.

On prime of this, the change gives very low charges and prospects may even use their crypto as collateral for loans on the platform.

Purchase FIL with OKX right this moment

Gifto value prediction

Gifto is a blockchain community within the gifting house. GFT, its native token, has had a blended efficiency in February after it rebranded from GTO. Initially, the token value surged to a excessive of $0.186 as individuals grew to become acquainted with it.

These features had been short-lived because the GFT value crashed by greater than 51%. Because it crashed, Gifto managed to maneuver under the important thing assist degree at  $0.098. It then retested this degree, signaling that bears are gaining momentum. The 50-period and 25-period transferring averages made a bearish crossover. Due to this fact, the token will probably proceed falling as sellers goal the important thing assist at $0.050.

Safemoon value prediction

Safemoon value was comparatively calm this week at the same time as different meme cash like Floki Inu and Dogelon Mars jumped as we wrote right here. The token rose to a excessive of $0.00027 after which shortly pulled again. On the hourly chart, the coin has shaped an ascending channel proven in blue. It has moved barely above the decrease facet of the rising channel on the hourly chart. 

The worth is hovering on the 38.2% Fibonacci Retracement degree. Due to this fact, Safemoon value will probably proceed rising as consumers goal the higher facet of the channel at $0.00027.

SFM chart by TradingView

Tips on how to purchase Safemoon