Gifto (GFT) experienced a massive price rally in the early hours of Friday’s trading session.
GFT’s bearish speculations followed a delisting announcement by Binance.
Binance announced it would delist GFT and four other tokens from its platform.
GFT, the native cryptocurrency of the Gifto Web3 blockchain protocol, experienced a sharp price rally during Friday’s trading session. After hitting a daily low of $0.007070, GFT surged 181% to a high of $0.015191, according to TradingView data.
This surprising rally comes despite bearish market sentiment and external challenges that Gifto has faced. Notably, GFT was one of the few cryptocurrencies that did not benefit from Donald Trump’s election victory, as its price remained relatively stagnant with minimal volatility.
Binance Delisting Adds to GFT Pressure
During this period of price stagnation, Binance announced its decision to delist GFT from its platform. GFT joined other tokens, including IRIS, KEY, OAX, and REN, as part of Binance’s periodic evaluation of its listed assets.
Read also: Delisting Drama: Binance Pulls the Plug On GFT, IRIS, KEY, OAX, REN
In a blog post, Binance stated that …
The post Gifto’s GFT Token’s 181% Rally Raises Questions About Market Maker Influence appeared first on Coin Edition.
