The post New Meme Coin Gorilla Token Pumps 70% While Analyst Predicts $MK to be the Next Pepe appeared first on Coinpedia Fintech News

The newly launched meme coin Gorilla is taking the market by storm after climbing over 70% in one day. While it has undergone a correction since, it remains up 237% this week, drawing analysts to give their take on where it could be headed. However, traders are even more bullish on Meme Kombat after it surged past $2.1 million in its presale.

Gorilla Token Pumps With Analyst Predicting 5x

Gorilla is currently priced at $0.001165, down 61% from its 22 November all-time high (ATH) of $0.003218. However, it saw a notable uptick in market interest earlier today as its price rose to $0.0018, a 70% increase from hours earlier.

Although there has been a sell-off since, the pump illustrates the explosive nature of Gorilla, which is evident in its price increase of over 200% this week.

Analyst DeeZzow recently predicted that Gorilla’s next market cap target should be $5 million. Currently, Gorilla has a $900K market cap, giving room for more than a 5x to reach the target.

DeeZzow’s bullishness was shared by the project’s broader community, with the Gorrila team pointing out it took a spot on DEXTool’s trending list.

The market’s bullishness is also apparent on CoinMarketCap, where users expressed their support for Gorilla. 

One commentator who goes by Adrian bk suggested that Gorilla is a “movement toward financial freedom,” likely referring to the project’s broad DeFi ecosystem.

Meanwhile, Henderson Lyons commented that the project’s IDO launchpad is a “game-changer,” with its advanced features and comprehensive support setting it apart from its competition.

Ultimately, the reason for Gorilla’s explosive trajectory is that it aims to be more than just a meme coin. It comprises several cutting-edge DeFi tools like a DEX, an IDO launchpad, an NFT collection, and a cross-chain swap feature.

It also features a promising roadmap focusing on marketing and ecosystem expansion.

Also, its team announced its short-term plans, focusing on raising awareness through exchange listings and partnerships with influencers and key opinion leaders (KOLs).

That said, it is important to consider that Gorilla has already pumped and is now undergoing a pullback. Despite its efforts to build a DeFi ecosystem, all its tools are already adequately available in the market, meaning it does not serve a real purpose. This indicates its upside may be limited, and its hype may die down.

On the other hand, the new meme coin-crossed-GambleFi project Meme Kombat provides a groundbreaking new use case and is backed to 10x by analysts.

GambleFi Meme Coin Meme Kombat Raises $2.1M and Offers 443% Staking APY

Meme Kombat is a promising new project which has raised over $2 million in its presale. The trending crypto combines the viral allure of meme coins with the emerging crypto casino trend, compelling analysts to draw exciting predictions.

Essentially, Meme Kombat enables users to gamble on the outcome of AI-generated battles between popular meme coin characters. New seasons will be released regularly, containing the industry’s most trending new figures, along with new battle modes and new rewards.

According to Jacob Bury, Meme Kombat could be 10x after its presale. Bury references its solid use case, compelling tokenomics, doxxed team, and meme coin allure as reasons it could explode. Moreover, the analyst previously referred to Meme Kombat as the “Next Pepe coin.”

Meanwhile, Youtuber Crypto Boy recently labelled it a “100x presale project.” While its potential remains to be seen, current parabolic market conditions combined with its riveting use case and solid fundamentals all indicate a bright future.

As per Jacob Bury’s analysis, another factor driving Meme Kombat’s potential is that it boasts a doxxed and KYC’d team. This is a significant advantage over other meme coin projects, often criticized for lacking transparency and security.

Currently, the Meme Kombat presale is priced at $0.214, but buyers must act fast, as its price will rise to $0.225 in five days.

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Filed under: Bitcoin - @ November 25, 2023 4:56 pm