Gorilla Token Price Drops By 6% As the IDO Launchpad’s Launch Gets Closer
There was a 6% decline in the price of Gorilla over the past 24 hours, and it currently stands at $0.00518. The trading volume increased by 214% to reach $3.3 million during this period.
However, despite the recent drop, the price of Gorilla has surged by 67% in the past 14 days. This upward momentum is due to the rise in anticipation of the launch of the IDO Launchpad and advancements in cross-chain trading.
Will the team live up to the expectations of the new features?>
Gorilla Price Trades Below The Lower Boundary Of The Ascending Triangle
The price of Gorilla has undergone a significant rise since the beginning of February, facing resistance around the $0.00824 mark. This stability has led to the formation of an ascending triangle pattern in the price movement. However, the price has now dropped below the lower boundary of the triangle. It is currently trading below the 50-day Simple Moving Average (SMA) at an immediate resistance level of $0.0062, and above the 200-day SMA, thereby indicating potential for a price reversal.
Gorilla Price Prediction
By the short-term analysis, the Gorilla price is most likely to rebound and test the $0.0082 mark again, aiming for $0.01. However, $0.0044 may act as a cushion against downward pressure. The launch of Sponge V2 is attracting heightened interest, and it has the potential to mirror the success of Sponge V1, which skyrocketed 100x after launch.
Buy Sponge V2 Before Exchange Listings
Sponge V1 gave investors 100x returns on their investments. If you missed that surge, there is still an opportunity to earn big with Sponge V2, which is set to launch soon on major exchanges.
Upon its launch, Sponge V1 had a huge following, garnering over 13,000 holders, who rallied its market capitalization to $100 million. The token was also listed on more than ten major exchanges, including BitMart, Toobit, and LBank. However, Sponge V1 was discontinued earlier this month, with its holders transferred to the more secure and cost-efficient Sponge V2 on the Polygon Network.
Stake $SPONGE V2 For 195% Annual Rewards
Sponge V2 has new features like the play-to-earn (P2E) gaming, enticing new investors and players. The development team is set to launch Sponge Racer, a game that will feature both a free version and a paid version, offering the opportunity to race and earn token rewards. Stake your Sponge V2 tokens to earn an impressive 195% annual percentage yield (APY).Crypto analyst Jacob Bury says that Sponge V2 has the potential to 100X at launch. You can buy and stake your Sponge V2 tokens to earn an impressive 195% annual percentage yield (APY). To join the presale, visit the official Sponge V2 website and link your digital wallet to swap your ETH or USDT for V2 tokens. You can also buy directly using your bank card
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.