Bitcoin

Gorilla Price Prediction: GORILLA Meme Coin Soars 10%, But Traders Rush To Buy This Competitor Before It’s Too Late

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The Gorilla price has surged 10% over the last 24 hours to trade at $0.00717 as of 12:00 a.m. EST.

The recent streak of pumps has placed the meme coin on CoinMarketCap’s list of top trending coins this week.

Gorilla Price Prediction: Will Gorrilla Keep Pumping?

Analyzing 2-hour GORILLA/USDT charts we see that the Gorilla price action is depicted through red and green candlesticks, indicating bearish (down) and bullish (up) periods respectively. This displays a somewhat volatile trading period. The PPO line is relatively flat, suggesting that there may not be a strong trend in either direction.

On the other hand, the Money Flow Index (MFI) is at 63.91, which is relatively high and typically indicates that the market is bullish but not yet in the overbought region. However, the looming overbought conditions warrant caution of a correction in the short term.

Looking at the Auto Pitchfork Tool, a tool consisting of parallel trend lines that set the potential support and resistance levels for the price, we see the price has been trading within the pitchfork, bouncing between the median line (the centre trend line) and the outer boundaries, later bridging outside the Pitchfork support. This indicates a potential bullish reversal or continuation of the Gorilla price with the support having been broken.

2-hour GORILLAA/USDT chart | Source: TradingView

Meanwhile, investors are flocking to buy the Sponge V2 meme coin before its imminent launch in anticipation that it will repeat the 100x gains of its predecessor, $SPONGE, last year.

Crypto analyst and YouTuber Jacob Bury, with over 27,000 followers, ranks SpongeV2 among the best presale investments for 2024.

An Attractive Meme Coin Alternative To Gorilla

Sponge V1 achieved a market valuation of one hundred million dollars and accumulated over 13,000 holders, prompting Tron founder Justin Sun to buy tokens that are now worth about $90k.

All holders of $SPONGE have been migrated to Sponge V2 on the safer Polygon network after the official retirement of Sponge V1 on Feb. 5. 

The V2 project introduces exciting new features such as staking tokens on Sponge V2, which presently earn an incredible 1,702% APY. This stake-to-earn initiative gives investors who might have missed entry into the Gorilla price pump another chance to earn big.

However, among the new features to be introduced by Sponge V2, play-to-earn (P2E) gaming is the standout. The team plans the launch of a new game, Sponge Racer, which has free and paid versions that enable players to take part in races to earn token rewards.

Crypto YouTuber Bury says Sponge V2 has the potential to 100x again on launch.

With Sponge V2 gearing up to list on major exchanges, time is running out to buy its tokens.

To join the presale, visit the official Sponge V2 website and link your digital wallet to swap your ETH or USDT for V2 tokens. A bank card can also be used to buy directly.

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