Join Our Telegram channel to stay up to date on breaking news coverage
The Grass price surged 14% in the last 24 hours to trade at $1.54 as of 4 a.m. EST on trading volume that dropped 12% to $318.53 million.
While Grass is among the better-performing cryptos on a 24-hour basis, its weekly performance has soared 91%.
Its recent surges came after the project unveiled the launch of Stage 2 of its network on October 31.
Stage 2 of the network is here.
Together, we’ve set the stage to reclaim the public web. Imagine a world where every web search is routed through the Grass Network.
The focus is now on capturing the web by building a user-owned map of the internet. The next season introduces… pic.twitter.com/tvBHWkSJ87
— Grass (@getgrass_io) October 31, 2024
Grass Price Prediction
Following the project’s second attempt to reach and overcome the barrier at $1.9, the GRASS price was once again rejected, although this time, a support at $1.5 managed to stop its drop, whereas the previous rejection sent GRASS down to $1.35.
On top of that, the start of the new week has seemingly brought the start of a new bullish wave, which is already affecting the popular token. Grass’ Bollinger bands have widened again, partially because the price was pushing the lower band down during the rejection. Now, however, the price has separated from the lower band and is already back to the middle point between the two lines.
As another sharp surge appears to be starting, the Grass price is likely to return to the upper band in hours to come and start pushing it further up.
While the Bollinger bands are sending bullish signals, so does the project’s Relative Strength Index (RSI). The popular metric has spiraled down to the start of the oversold zone at the value of 30, and is now ready to go back up again. In fact, at the time of writing, it has nearly reached the neutral value of 50.
As the bulls continue to join in, it is likely that the RSI value will continue its increase, and alongside it, the price is likely to rise as well. With that being the case, Grass has a solid opportunity to return to the resistance at $1.9, and potentially even grow up to $2, or beyond.
However, there is also a possibility that traders will rush in to take profit once the RSI hits the value of 70, so anyone interested in buying GRASS should be prepared for another rejection at that point.
Promising Alternative To Grass
Another crypto that’s surging right now is Pepe Unchained (PEPU), one of the most successful presales ever after raising over $24.5 million.
The project has impressed numerous experts, including Jacob Crypto Bury, a YouTuber with over 43.3k subscribers. He says it looks like the next 10x crypto.
The idea behind Pepe Unchained is that it will free, or unchain, the original meme coin from its clunky Layer 1 Ethereum blockchain and take it into the future.
While PEPE is stuck on the slow and expensive Ethereum network, PEPU has created its own Layer 2 blockchain that allows it to be faster and cheaper than PEPE.
In addition, the project is more than just a meme coin — it is building an entire ecosystem, complete with a native block explorer, bridge, and DEX. It’s even offering developers grants to help speed up and enhance the development of its own blockchain..
In other words, PEPU looks like a PEPE alternative that has an actual chance of challenging and possibly overcoming the original.
In the meantime, the project’s tokens are for sale at just $0.01219 each. Buy before a price hike in less than 2 days to ensure the best price.
Related Articles:
- Fastest-Growing Crypto Presale Pepe Unchained Ends Soon
- How to Buy Pepe Unchained – $PEPU Presale Review
- 5 Best Meme Coins to Buy Now With Huge Potential for 2024
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage