Is It Too Late To Buy GROK?: Grok Price Soars 10% As This 2.0 Meme Coin Offers A Last Chance To Buy

0
13

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

The Grok price has soared by 10% in the past 24 hours to trade for $0.0115 as of 08:05 a.m. EST on trading volume that plunged 20%.

Grok has the benefit of being closely associated with Elon Musk. “Grok has the strongest connection to Elon Musk than any other meme coin,” says X user @langtuphongnhiz. ”Floki took inspiration from Elon, but Elon has posted five separate Grok memes already.”

Grok Price Prediction

The Grok price is trading with a bullish bias, with noticeable higher lows on the one-day timeframe for the GROK/USDT trading pair. The position of the Relative Strength Index (RSI) above the mean level of 50 is a bullish sign. This is accentuated by the Awesome Oscillator (AO), which is in the positive territory, increasing the odds for a further upside.

If the RSI produces a higher high, accompanied by a flip of the Grok price above the 50% Fibonacci placeholder at $0.0120, the uptrend for the Grok price could be sustained.

Noteworthy, the Grok price is sitting on strong support downward. This is due to the 20-, 50-, and 100-day Exponential Moving Averages (EMA) at $0.0112, $0.0114, and $0.0110 levels respectively. Any efforts by the bears to push the Grok price down would be countered by buying pressure from these buyer congestion levels.

For confirmation of the intermediate trend (uptrend on the daily timeframe), the bulls must haul the Grok price above the peak of the market range at $0.0163. In a highly bullish case, the gains could extrapolate for the Grok price to reclaim the $0.0261 range high. This would denote a climb of nearly 125% above current levels.

Traders waiting to take long positions on GROK should probably wait for the Grok price to flip the $0.0163 blockade into support. This would be reinforced by the RSI producing a higher high, to confirm a growing bullish trend.

Grok Price

Tradingview: GROK/USDT 1-day chart

Converse Case

On the other hand, if early profit booking commences, the Grok price could drop. A slip below the $0.0100 psychological level would encourage more sell orders from spooked holders. A lower low below the $0.0076 base would mark a trend reversal, potentially reinforced by a lower high on the RSI.

For the bullish thesis to be invalidated, however, the altcoin must break and close below $0.0065 support on the one-day timeframe.

Even as Grok climbs, other investors are pivoting to Sponge V2, which is offering a last chance to buy before it goes live on top-tier exchanges. Crypto analyst and YouTuber ClayBro anticipates up to 100X in returns once this happens.

Promising Alternative To GROK

Sponge V2 comes after the first version was phased out by the development team. The discontinuation opened the door for $SPONGE holders to transition into a more secure V2 on the Polygon network.

Sponge V2 is an upgraded version of its predecessor, promising bigger rewards and a more robust ecosystem.

The migration to the Polygon network allows the project to use the features of the MATIC chain to offer lower transaction fees and faster transactions to its users. Sponge V2 also leverages the momentum of the meme coin trend, with the team capitalizing on the excitement surrounding meme-based cryptocurrencies.

The platform has a staking option through which investors can earn a passive income by staking $SPONGE V2 tokens, with an impressive 340% annual percentage yield (APY) on the Polygon network and 163% on the Ethereum network.

The yield reduces every day, though, making now the best time to buy. So far, upwards of 9.888 billion SPONGE tokens have been locked on the staking dashboard.

Sponge V2 P2E Game

You can also earn through the platform’s play-to-earn game (P2E), Sponge Racer, where you get to engage in racing competitions and earn token rewards.

The P2E game is an initiative that merges gaming elements with cryptocurrency rewards, broadening its audience while delivering additional value to token holders. This is expected to drive further demand for Sponge V2 and ensure its long-term sustainability.

Sponge launched at $0.000025 last year, and with the V2 price now at $0.001576, the price has skyrocketed 6,303%.

If you buy now, you stand to benefit from the impact of new listings on top-tier exchanges that are expected to come soon.

Visit the Sponge V2 website here.

Also Read:

Smog (SMOG) – Meme Coin With Rewards

Smog tokenSmog token
  • Airdrop Season One Live Now
  • Earn XP To Qualify For A Share Of $1 Million
  • Featured On Cointelegraph
  • Staking Rewards – 42% APY
  • 10% OTC Discount – smogtoken.com

Smog tokenSmog token


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


Credit: Source link

ads

RELATED ARTICLESMORE FROM AUTHOR

LEAVE A REPLY

Please enter your comment!
Please enter your name here