GORILLA Surges 200% in a Day: Why Are Investors Aping In?

Gorilla (GORILLA) has gained significant attention in the crypto community, marked by its substantial price movements.

On Monday, amid the broader rally among meme coins, GORILLA surged by around 200%. While it has since trimmed some gains, the cryptocurrency is still up by more than 36% over the past day, according to data by CoinMarketCap.

Since its launch in late 2023, GORILLA is up by a staggering 4,670%. However, the meme coin, currently trading at $0.01116, is still down by 53% compared to its all-time high of $0.02414 recorded in late November 2023.

Key Takeaways

  • Amid a broader rally in meme coins, GORILLA recorded a 200% increase in a single day.
  • Since its inception in late 2023, GORILLA has seen a phenomenal rise of 4,670%.
  • GORILLA differentiates itself by integrating viral meme appeal with tangible utility through its developing ecosystem of tools and decentralized applications.
  • The anticipation surrounding the launch of Gorilla Pad and Gorilla Swap has been a critical factor in fuelling GORILLA’s recent price surge.
  • Projections for GORILLA’s future prices vary, with some analysts forecasting significant growth, potentially reaching as high as $0.25 by 2030.

Why Does GORILLA Matter?

GORILLA is a relatively new meme coin that aims to distinguish itself by merging appeal with utility. The token was fair-launched as an ERC-20 token on Uniswap on November 9, 2023. It has since managed to find its way across some popular crypto exchanges, including BitMart and MEXC.

The GORILLA price chart from November 2023 to March 2024.
The GORILLA price chart from November 2023 to March 2024. (CoinMarketCap)

 

The Gorilla coin aims to be more than just another meme-driven phenomenon by offering a suite of tools and decentralized applications (dApps) that promise real-world utility and a comprehensive ecosystem for its holders.

Some of these are already operational, while others are in the pipeline, aiming to enhance the utility and appeal of the GORILLA token.

One of the standout features is the Gorilla Pad, a multifaceted IDO launchpad that supports projects on both Ethereum and Binance Smart Chain (BSC). It’s currently in the beta phase, offering a platform for new projects to launch without any upfront fees.

The Gorilla Pad also imposes a 5% tax on all sales, with half of these proceeds funneled back into the GORILLA ecosystem for purposes such as buybacks, liquidity enhancements, and listings on centralized exchanges (CEXs).

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Why is GORILLA Surging?

The recent surge in GORILLA’s price is part of a broader meme coin rally that has led to substantial gains across various tokens. Specifically, GORILLA and BONK have experienced impressive rallies, with other more established meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) surging as well.

The community’s anticipation of the IDO Launchpad’s launch and enhancements in cross-chain trading has further prompted excitement around the project.

In a recent post on X, the team announced that “developers are working tirelessly to deliver our revolutionary Gorilla Pad Launchpad as soon as possible.”

They also shared some preview testing on the Binance Smart Chain mainnet. “As you can see, the platform boasts seamless execution of purchasing a presale, performing emergency withdrawals, and gaining insight into the intricate workings of a project presale setup,” the team wrote.

Furthermore, the project’s Gorilla Swap, a cross-chain exchange platform likely to support Ethereum and BSC, is in development. The platform aims to offer advanced trading features, including stop-loss limits and artificial intelligence (AI) powered trading, enabling users to replicate the investment strategies of successful traders across multiple blockchains.

The Future of GORILLA: Latest Price Forecasts

GORILLA has found increasing popularity with an approach that includes merging appeal with utility. The token has further gained momentum as of late with the broader rally in the meme coin market.

Nevertheless, in the immediate future, Techopedia expects Gorilla to maintain upward momentum. As a result, our GORILLA price prediction for 2024 is a high of $0.1050 and a low of $0.014, with an average price of $0.0650.

The year 2025 is marked by optimism, largely fueled by the Bitcoin halving in 2024. Within the GORILLA ecosystem, significant developments, including the potential mainnet launch of projects and the addition of new protocols, are expected to catalyze price momentum.

The Techopedia forecast for 2025 anticipates a high of $0.1585, a low of $0.0785, and a median price of $0.1040. Looking further ahead, the projection for 2030 outlines a high of $0.25, a low of $0.1975, and an average price of $0.2255.

Meanwhile, other analyses are also largely bullish. For one, at the time of writing, DigitalCoinPrice suggests a gradual ascent that could see the token surpass the $0.10 mark by 2031, stabilizing around $0.11.

On the more conservative side, CoinCodex predicts a modest increase, with GORILLA reaching up to $0.041343 in 2025 and slightly decreasing to $0.037452 by 2030.

BeInCrypto forecasts a steady linear growth for GORILLA, with its price expected to fluctuate between $0.01143349 and $0.01355517 by 2026. CoinArbitrageBot offers an optimistic outlook, projecting a 170% rise in GORILLA’s value to reach $0.021606 by 2025.

The Bottom Line

GORILLA is an emerging meme coin that has not only captivated the attention of the crypto community but has also laid down a roadmap toward realizing practical value within its ecosystem.

The token has seen significant price movements, bolstered by innovative features like Gorilla Pad and Gorilla Swap. Looking ahead, analysts project optimistic forecasts, with some predicting substantial growth by 2030.

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Ruholamin Haqshanas
Cryptocurrency journalist

Ruholamin is a crypto and financial journalist with over three years of experience. Apart from Techopedia, he has been featured in major news outlets, including Cryptonews, Investing.com, 24/7 Wall St, The Tokenist, Business2Community, and has also worked with some prominent crypto and DeFi projects.  He holds a Bachelor's degree in Mechatronics. Ruholamin enjoys reading about tech developments, writing, and nature-watching