GMMT Flat at $2.81 – Breaking Out or Just a Blip?

Giant Mammoth Chain operates on its exclusive blockchain technology, merging everyday services with blockchain features.

Users within the Mammoth ecosystem can accumulate tokens via Project Play-to-Earn (P2E), engaging in daily life and leisure activities (L2E, Life to Earn). They can earn these tokens through activities like shopping and participating in other transactions.

Regarding its price projection, experts project a future price of $3.33 for Giant Mammoth, indicating an 18.865% surge within a year. If you invest $100 now, your anticipated ROI could be $118.865 by next year.

However, the potential for a bullish trend relies on volume fluctuations, market cycles, and equivalent coins.

Is Giant Mammoth GMMT Market Draining Optimism Among Investors?

Giant Mammoth (GMMT) has exhibited downward and upward movements since it became tradable in January. As of 04:55 AM EST, its value is $2.81, reflecting a modest increase of 0.30% over the past 24 hours.

However, this slight price appreciation isn’t visible in its trading activity in the same period. It now holds a trading volume of over $1.6 million, representing a 26.20% decline in 24 hours. 

Despite its positive price performance, Giant Mammoth has encountered challenges over the last seven days, resulting in a decline of 2.26%. Additionally, GMMT displays bearish indications this week, potentially presenting an opportunity to BUY at a low price.  

Over the previous 30 days, the price of GMMT has dipped by 3.9%, causing it to lose $0.096991 from its former value of $2.91. Within the last three months, the price has dropped by 5.34%, removing $0.158837 from its previous value of $2.97 over the same period.

GMMT Chart Suggests a Potential Surge in the Coming Weeks

The market for Giant Mammoth has been stunted over the past few weeks due to a lack of significant trading activity since its launch in January. The chart above depicts a continuous decline in the value of Giant Mammoth after it hit a resistance point at $2.83.

Meanwhile, it’s also vital to consider the support level established at $2.78. This support level has prevented a substantial decrease in the token’s value over the previous days.

As such, Giant Mammoth may continue to exhibit limited price fluctuations in the upcoming days, awaiting a significant market event that could catalyze a price shift.

Despite this prevailing condition, specific technical indicators, like the Moving Average Convergence Divergence (MACD), suggest the potential for a bullish upturn in the upcoming days.

The MACD line is still above the signal line with bold green histogram bars. Also, the RSI at 48 hints at a decline toward the oversold region. A trend reversal will likely occur once the price enters this region, pushing the asset upwards again. 

Moreover, several cryptocurrency experts retain an optimistic outlook regarding the token’s future trajectory, envisioning a peak price of $3.70 by 2023 end. However, this optimistic outlook stems from today’s decreasing bearish movement, as evident on the two-hour price chart. 

Giant Mammoth Sponsorship and Daily Services Offering Could Be All Investors Would Need

Giant Mammoth has focused on enhancing the global quality of life by merging blockchain technology with everyday services. Its unique strategy aims to capture investors’ attention, who will actively contribute to its growth through adoption.

To achieve this goal, the platform has established partnerships that can increase its visibility, thus attracting the interest of both traders and investors. A notable instance of such collaborations is the upcoming Token2049 Singapore Web3 event, scheduled for September 2023.

With this promising involvement, Giant Mammoth may record increased investor engagement, leading to a higher valuation for its native GMMT token.

Giant Mammoth Alternative – Sonik Coin

Sonik Coin is a new ERC-20-based token built on Ethereum, drawing inspiration from SEGA’s iconic Sonic the Hedgehog franchise. Venturing into the world of meme coins, Sonik Coin brought a distinct blend of wit and allure, aspiring to carve its niche in the intricate crypto landscape.

Its presale model is transparent and equitable as half of the total token supply is designated for public sale, with no allocation for the team.

Sonik Coin is emulating the successes of meme coins like HarryPotterObamaSonic10Inu, which achieved a $200 million market capitalization within 100 days.

Only Up from here. Strong community.https://t.co/e6b4GigQsY

TG https://t.co/XZN0XF6t7c

1M soon. #BitcoinCash #BCH #BTC pic.twitter.com/j4RgdlgIZY

— HarryPotterObamaSonic10InuCash (@hpos10iceth) August 19, 2023

With the Sonik presale countdown underway, interested participants are encouraged to leap into this project.

To secure the presale price of $0.000014, link your wallet on the Sonik website to complete your purchase. But remember, you’ve ‘gotta go faster’ to ensure you take advantage of the opportunity.

Buyers should have USDT or ETH ready to acquire the tokens. After the presale ends, Sonik Coin will become available on the decentralized Uniswap exchange.

Also Read:

Wall Street Memes – Next Big Crypto

• Early Access Presale Live Now
• Established Community of Stocks & Crypto Traders
• Featured on BeInCrypto, Bitcoinist, Yahoo Finance
• Rated Best Crypto to Buy Now In Meme Coin Sector
• Team Behind OpenSea NFT Collection – Wall St Bulls
• Tweets Replied to by Elon Musk