GameSwift (GSWIFT) price keeps on making new highs as the narrative of crypto gaming remains hot. The social media influencers are shilling this coin like it’s the next big thing. However, the rally already seems overextended and a pullback seems to be on the cards.
There has been an increased investor interest in crypto gaming projects since last month. This is because of the social media hype around the narrative. However, most of these gaming coins are still lagging in adoption.
As per Coingecko, GameSwift relatively has a low market capitalization compared to most gaming cryotocurrencies. In case of a major influx of fresh capital, the coin has good upside potential. However, a low market cap also makes it more prone to volatility.
GSWIFT currently has a circulating supply of 56,135,745. This is far less than the total supply of almost 1.4 billion coins.
Technical analysis gives us a few key levels on the chart. If the price gains strength above the resistance of $0.41, GameSwift price prediction will become very bullish. However, in case of a drop below this level, the next major demand zone lies below $0.30.