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Seedify fund price analysis, we will analyze past price movements through charts and technical indicators. We will determine support and resistance levels and guide investors in buying and selling decisions.
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What is Seedify?
Seedify.fund (SFUND) is a decentralized seed funding incubator and launchpad platform. Specifically focusing on the blockchain-based gaming sector, Seedify aims to support developers through seed funding and launchpad. The Seedify ecosystem includes an NFT launchpad for gaming and metaverse assets and the first game-focused NFT market, which carries the name Seedify NFT Space.
The SFUND token is the native cryptocurrency of the Seedify platform and is created on the BNB Chain (BNB).
SFUND token holders have the opportunity to participate in private sales and initial offerings of projects funded by Seedify by staking their tokens. Token distribution to Seedify launchpad participants takes place according to the nine levels of participants. While the distribution is made by lottery for first-level participants, guaranteed shares are allocated to participants from the second to the ninth level. The levels of participants are determined based on the amount of SFUND they stake and the duration of staking.
Staking SFUND offers stakers the opportunity to receive reward tokens from projects chosen and supported by Seedify. Also, to vote on projects through the Seedify.fund DAO, it is necessary to stake SFUND tokens.
The Seedify (SFUND) project was established by Turkish entrepreneur Levent Cem Aydan in 2021. Levent Cem Aydan has over 10 years of entrepreneurial experience and has been interested in the blockchain sector since 2012. During this time, he has invested in blockchain startup projects.
SFUND Token
The total and maximum SFUND token supply is 100,000,000. The SFUND token distribution is planned as follows:
- 50%: Fund pool reserve
- 16%: Team and founder reserve
- 10%: Marketing and development fund
- 9%: Liquidity mining programs
- 7%: Community rewards
- 6%: Initial fund pool
- 2%: Initial operations pool
What makes the Seedify (SFUND) project unique?
The Seedify platform supports promising blockchain games by offering Initial Game Offerings (IGO). It provides funding for projects selected by Seedify.fund DAO, helps them create player communities, and develop marketing strategies. The Seedify community has the opportunity to acquire tokens of upcoming projects before they are listed on exchanges and can also benefit from staking rewards on the Seedify.fund platform.
An important feature of Seedify is that the SFUND token is not inflationary. While SFUND token stakers are rewarded with tokens of projects funded by Seedify, new s tokens are not produced. The supply of SFUND tokens is limited to 100 million.
Critical Resistance in SFUND
Upon examining the Sfund chart with a weekly candlestick structure, we observed that the support zone formed on July 5, 2021, still functions as a strong support even after exactly 812 days. This region can be considered as a clear support line. After completing the bottom formation, price fluctuations occurred in the resistance level range on July 26, 2021. Then, after exceeding the $0.6685 level, it reached the $2.3578 level with a fast rise in 56 days, with an increase of 345%.
At the moment, Sfund, which found resistance at the $2.3578 level, is moving in a quality waiting for the performance of Bitcoin. Furthermore, if Bitcoin can find support above $38,000 or quickly rises to the $39,000 level, Sfund could break through this resistance line towards the $3.1399 level. However, if Bitcoin cannot overcome the resistance of $38,000, it is likely to face selling pressure. In this case, we think that Sfund could experience a relaxation towards the $1.9241 level, but we should not forget that this region is an intermediate support level.
It is important to mention that the nearest solid support for Sfund is at the $1.4497 level. Briefly, if the general market continues positively, the next target could be seen to be around $3. However, if the market follows a negative course, a fall to around $1.5 can be observed.
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