Seedify.Fund (SFUND): Why is this unique crypto rallying?

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Seedify.Fund (SFUND): Why is this unique crypto rallying?

 Seedify.Fund (SFUND): Why is this unique crypto rallying?
Image source: © Sasha85ru | Megapixl.com

Highlights

  • Fund (SFUND) crypto primarily acts as a blockchain gaming incubator and launchpad.
  • The Seedify crypto on 4 August was witnessing a rally of over 20.33% and a volume gain of over 30% at 7:00 AM (GMT+1), according to CoinMarketCap.
  • Thanks to the rallies, the Seedify crypto was trading at US$2.79 with a trading volume of US$38,16,855 over a day, according to CoinMarketCap.

Seedify.Fund (SFUND) crypto primarily acts as a blockchain gaming incubator and launchpad, which enables developers and incubators to gain access to funding and partnership building to drive the future of gaming and blockchain.

Along with the feature of having an NFT marketplace, it represents itself as the first platform across the industry that offers a gaming-and-metaverse-asset-centric NFT marketplace known as Seedify NFT Space. The users of the platform stand a chance to earn reward points and collect NFTs by playing games through the Seedify platform.

The Seedify crypto on 4 August was witnessing a rally of over 20.33% and a volume gain of over 30% at 7:00 AM (GMT+1), according to CoinMarketCap.

Why is Seedify rallying?

The Seedify seems to be rallying the back of the news of its stakers being eligible for the NFT Launchpad’s INOs. The stakers stand a chance to win by staking in various NFT projects at mint prices!

Besides, the SFUND token has also been doing well over the past month. The Seedify crypto has already amassed gains of over 139% in the past 30 days or so, according to CoinMarketCap. The momentum seems to have continued with the protocol gaining over 63% in the last one week alone.

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A look at the charts would reveal that the momentum is getting stronger.

 Image credit: Trading View        

The RSI of the Seedify crypto was witnessing an increased market activity as it stood at 80.90 during the intraday trading.

Even the MACD indicators showcased the similar trend as it was above the signal line with it showcasing to be getting stronger

Seedify crypto’s price performance

Thanks to the recent rallies, the Seedify crypto was trading at US$2.79 with a trading volume of US $38,16,855 over a day, according to CoinMarketCap. But despite the rally, it is still far off from its all-time high mark of US$16.79 which it had achieved during the November bull run. The 281-ranked crypto was enjoying a live market cap of US$9,24,10,085 with a maximum supply of 10,00,00,000 SFUND coins.

While the rallies have been impressive, as a market participant, it’s important to understand that one can never take the eye of the market. One has to do proper market research in order to understand the market before investing.

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Seedify.Fund (SFUND) crypto primarily acts as a blockchain gaming incubator and launchpad, which enables developers and incubators to gain access to funding and partnership building to drive the future of gaming and blockchain.

Along with the feature of having an NFT marketplace, it represents itself as the first platform across the industry that offers a gaming-and-metaverse-asset-centric NFT marketplace known as Seedify NFT Space. The users of the platform stand a chance to earn reward points and collect NFTs by playing games through the Seedify platform.

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