Gold (GOLD) Price Prediction: Will GOLD Hit $0.35 per Token by 2024?

Join Our Telegram channel to stay up to date on breaking news coverage

In what seems to be an unending mushrooming of meme coins, GOLD Token enters the scene to “make meme coin great again.” After going live during the start of the Asian trading session on Sept. 21, the GOLD price rallied more than 28,000% to the current level of $0.2220.

The token appears to have achieved instant popularity in the meme coin sector, ranking number 1 on the top gainers list on Dextools.io today.

Top Gainers on DEXTools — **Source**: *DEXTools*

GOLD’s market capitalization has already crossed the $4.5 within 12 hours of its launch. Its trading volume is at $3.5 million and a liquidity of $248,000. Also, its total supply is similar to that of Bitcoin (BTC) at 21 million tokens, with 7,116 transactions already processed as of press time

According to data from Etherscan, a Block Explorer and Analytics Platform for Ethereum, the token now has over 960 holders.

700 holders and $2m+ in volume since launching 3 hours ago. Maybe something? $gold #goldcoineth

Missed #Bitcoin ? Don't miss #GoldCoin pic.twitter.com/8Rz0X06dek

— Gold Coin (@GoldCoinETH) September 21, 2023

DEXTools’ GoPlus security audit has not identified any concerning aspects of the token’s smart contract, giving the Gold Token a DEXTscore of 88/99.

On September 21, a few moments after its launch, the team behind $GOLD announced that the token was live as it embarked on aggressive marketing for the new crypto.

https://twitter.com/GoldCoinETH/status/1704636247795490860?s=20

According to its official website, Gold Token is an Ethereum-based meme coin that is being brought to the public without undergoing a presale. It also claims that it offers low taxes and engages in liquidity pool burns. These burns will likely boost the long-term value of the GOLD tokens.

The developers claim to be a “small self-funded team focused on community and blockchain technology.” Their names are listed as Leo, Peter, Ales, and Max, on the website.

As GOLD adds to the myriad of meme coins in the market, the crypto community is waiting to see where its price will go from here. Here is a short analysis of Gold Token’s price action so far.

Gold Token At Risk of Further Losses in the Near Term

The GOLD/USD five-minute chart shows an ongoing correction in the price. The $0.20 provides immediate support, with $0.25 acting as immediate resistance. The short-term sellers are booking profits on the latest rally to $0.25. If this continues, the support at $0,20 may give in, initiating a drop toward the $0.15 psychological level.

GOLD/USD Price Chart

GOLD Price Chart - Sept 21 — DEXTools Chart: GOLD/USD

The Relative Strength Index (RSI) is moving sharply from the middle line. The price strength at 47 suggests that the sellers have begun taking control of the price, adding credence to the grim outlook.

On the upside, if the support at $0.20 holds, demand pressure from this level would push the GOLD price first toward the $0.26 significant support and later to the $0.322 swing high. A climb higher would place the Gold token price on a path to new price discoveries, with a move to $0.35 being the next logical move.

GOLD Alternatives

Bitcoin BSC (BTCBSC) is a new BEP-20 token built on the BNB Smart Chain aimed at providing the same opportunity the pioneer crypto Bitcoin (BTC) presented to investors in April 2011 when it was going for less than a dollar.

BTCBSC is currently in presale, with one token going for $0.99. The presale has been a massive hit among crypto investors, with the team behind this project raising over $4,000,000 to achieve their soft cap target.

https://twitter.com/Bitcoinbsctoken/status/1704799670118039638?s=20

The project’s remarkable traction can be attributed to its advantages compared to the original Bitcoin (BTC). Unlike BTC, which operates on the Bitcoin blockchain, Bitcoin BSC is built on Binance’s BNB Smart Chain, bringing several key benefits.

Buyers of the $BTCBSC coin expect to realize a sizeable profit when it lists, but its staking properties mean it is also attracting long-term investors who want to earn passive income.

As such, interested investors must watch the project’s website to see how they can get hold of the remaining tokens. The hard cap target is $6,125,000, with the soft cap accounting for 65% of the presale token allocation – which has already been achieved. But it could be only days before the hard cap is reached and an opportunity for 10x or 100x gains missed.