Gorilla token up 140%, analysts bullish on Meme Kombat

Gorilla, a low cap meme coin, is up by over 140%. Meanwhile, Meme Kombat is also gathering momentum as its presale hits $7.7 million.

“Gorilla Pad” drives price

Gorilla recently announced the release of Gorilla Pad, a launchpad on the BNB Chain

The move extends the utility of Gorilla meme coin. So far, the project supports a play-to-earn (P2E) game and an NFT collection.

Following this news, GORILLA rose by 140% in 24 hours.

Gorilla has a market cap of $3.6 million market and an average daily trading volume of $5 million.

DEXScreener data shows that there were 287 buys and 102 sells, generating decent trading volume as of Jan. 31.

Supporters, including drcryptomind, expect more gains in the days ahead.

Decillizer, an analyst, forecasts the token to reach $0.05 in the days ahead.

But while market sentiment is bullish, traders must remain aware of the token’s fickle nature. 

Gorilla has posted sharp gains in the past only for prices to pull back aggressively.

Meme Kombat presale hits $7.7 million

As Gorilla trends higher, Meme Kombat, a platform for users to gamble on AI-generated fights between meme coin characters, is firm.

Players can watch the battles in the project’s augmented fight arena, providing a fun and gamified twist on existing crypto-gambling projects.

Moreover, its meme coin allure adds a unique perspective to the projects.

Meme Kombat has numerous game modes, including single-player, multiplayer, and side-betting.

It will also launch different seasons with new characters, rewards, and battle modes.

Users play using MK token, adding utility.

Holders can also stake for a 120% APY. However, this high yield will decrease as the staking pool grows.

The Meme Kombat team is publicly known. Moreover, the platform’s smart contracts has been audited.