GORILLA Surges 50% But Experts Say This Meme Coin with 100X Performance Could Be the Best Cryptocurrency to Buy Right Now.

adminMarch 5, 2024

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The price of Gorilla has surged 50% in the past 24 hours, trading at $0.007385 as of 6 a.m. ET, with trading volume surging 496% to $4.8 million.

While the token’s price surge appears to have a lot to do with the ongoing cryptocurrency market rally led by Bitcoin, its developers released a beta version of Gorilla Launchpad on February 29th.

🚨 The beta version of Launchpad is live on our website! 🚨
You can preview the progress of the beta Gorillapad here: https://t.co/irkSbcJXUL
Our hard-working developers are close to completing the final version. This will start soon! 🍌
Gorilla Pad… pic.twitter.com/UgnbEdMMSa
— gorillatokenio (@gorillatokenio) February 29, 2024

So-called Gorillapad said that although the full version has not been released yet, the team is working tirelessly to bring it to you as soon as possible. Anticipation of what’s to come is likely partly behind the token’s rise.

Gorilla Price Prediction

Gorilla’s price surge can be traced to several factors, including the fact that it is a meme coin. This means that this coin belongs to a group of cryptocurrencies that generally perform very well in all kinds of market conditions. When times are favorable like these, meme coins tend to thrive, and that’s exactly what’s happening with GORILLA.

Speaking of favorable market conditions, Bitcoin continues its pre-halving rally and is now very close to its 2021 ATH.

The hype has even extended to altcoins, which is another reason why Gorilla prices are soaring. Add in the excitement about the upcoming launchpad and it becomes clear why the token is performing as well as it has.

But now traders are interested in what will happen next, which is why many are turning to technical indicators. The Bollinger Bands of the GORILLA token have expanded significantly over the past 12 hours compared to what was seen on February 2nd. This is a very bullish sign and good news for traders.

gorilla price

However, the project’s Relative Strength Index (RSI) recently entered deep into overbought territory, reaching 84.03. It has since fallen to its current value of 66.51, which is much closer to the neutral zone but still quite high.

RSI action shows that the decline has stalled, suggesting that the bulls are outpacing the bears.

Demand for GORILLA tokens remains strong although some traders have moved to take profits. However, it is clear from the token’s chart that the $0.0080 resistance is a strong barrier and the token is struggling to break through it.

However, considering that the market is still controlled by the bulls, Gorilla is likely to break this resistance in the next few hours and potentially rise further to $0.0090 and maybe even reach $0.01.

Alternatively, if buying pressure drops, the token could fall as low as $0.007 or even as low as $0.005. However, current technical indicators suggest that Gorilla still has room to grow. However, caution is needed as this rally is driven by fundamental factors rather than technical factors.

A promising alternative to gorillas

Currently, one of the most promising alternatives to Gorilla is a new token called Green Bitcoin (GBTC). This is a project that introduces Gamified Green Stake, which allows for exponential rewards and up to 100% token bonuses.

Introducing Green Bitcoin: A revolutionary yield prediction token.
Join the Gamified Green Stake platform where your predictions can turn into profits!
Website: https://t.co/dG5cEeCtRs
Telegram: https://t.co/bWanoe0vHv pic.twitter.com/eXuGQBkxio
— GreenBitcoin (@GreenBTCtoken) December 3, 2023

Green Bitcoin offers a unique opportunity in the cryptocurrency world, allowing users to earn big profits by predicting Bitcoin trends. This allows beginners as well as cryptocurrency veterans to make money by changing their market insights or simply following their intuition.

So far, the project has caught the attention of many cryptocurrency enthusiasts because it combines the legacy of Bitcoin and the eco-friendly blockchain of Ethereum.

Interested parties are rushing to purchase the project’s tokens in a pre-sale already underway, which has helped Green Bitcoin raise $1.7 million, selling tokens for $0.5742 each.