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GT Protocol’s price jumped 10% in the last 24 hours and has surged 50% over seven days to trade at $2.52 at 5 a.m. on trading volume that soared 44%.
The token hit a weekly high several hours earlier only to pare gains.
GT Protocol is a newly launched crypto that has added listings in the past few days on platforms that included MEXC, Poloniex, BitMart, and HTX, making it more widely available. It was earlier listed on platforms including KuCoin, Bybit, Gate.io, PancakeSwap, and Hotcoin Global.
GT Protocol Price Prognosis
GT Protocol’s price has seen quite a bit of volatility in the last 24 hours, heading from $2.13 to $2.88 as it bounced higher and lower.
Technical indicators such as Bollinger bands show that there is still high demand for the token, which has left the bands quite wi.
On the other hand, the token’s RSI score is currently in a neutral area after previously reaching the overbought zone, which could mean that the price might drop further as traders take profits.
With the bullish and bearish signals mixed, chances are that the price will remain volatile for a while longer.
However, with the majority of the market currently trading in the green, this is another positive sign for the short-term future of GT Protocol’s price.
The token will likely keep fluctuating between a support at $2.25 and a resistance at $2.50. However, if the resistance happens to break, the next one at $2.75 will be the real challenge, as the token never managed to truly turn it into a support.
Promising Alternatives to GT Protocol
Traders who feel GT Protocol’s main pump has passed might consider instead a meme coin called Sponge V2. As the name suggests, this is a new version of a highly popular meme coin called Sponge, which launched in 2023.
That token saw a massive pump upon launch, and now, the developers have created Sponge V2 with the intention of making it bigger and better than the original.
The project is currently offering users to bridge from V1 to V2 simply by staking SPONGE today to earn Sponge V2 tokens instead. Furthermore, users can buy and stake Sponge V2 directly and get special bonuses.
The total amount staked and bridged so far has reached $3.77 million. As for purchasing the new token directly, it can be done with ETH, USDT, or with your credit or debit card.
Huge milestone alert, #SPONGERS! 🔥
There are now over 6 billion $SPONGE tokens staked with a value of $3,958,206.14! 🤯
Our holders are enjoying an impressive current APY of +250%. 🚀
Join us and absorb the damp!! 🧽🧽💦💦#SpongeV2 #Crypto #Web3 #Alts #100x pic.twitter.com/llxFF0hfby
— $SPONGE (@spongeoneth) January 26, 2024
With SpongeV2 due to list imminently, act fast to buy it here.
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