Gekko HQ Crypto Price Prediction: Why Is It Increase 260%?
By:C, FionaThere has been a lot of buzz on crypto Twitter about a new cryptocurrency called Gekko crypto. The astonishing 260% increase in Gekko’s price over the past day has piqued the interest of many traders. Crypto aficionados, however, remain baffled as to the true cause of the boom.
Since Gekko crypto outperformed other cryptocurrencies on Tuesday, investors’ attention has switched there. The meme coin’s surprise rise coincides with Bitcoin‘s new all-time high price. When the price of Bitcoin rises, it usually causes a wave of buying to occur in other cryptocurrencies.
The most up-to-date report on Gekko states that the token can now be purchased using the widely used cryptocurrency trading platform Crypto.com. As a result of recent price growth, the market cap of the gecko-themed currency has risen to $284 million. A memecoin with such a big market valuation seems unrealistic.
The current increase has taken the Gekko index to a new record high. From its Uniswap offering price, this is a gain of 1,400%. The largest DEX now has more than $3.5 million in liquid supply of the coin.
Despite the upward trend in price, there are only 746 Gekko cryptocurrency wallets on the Ethereum network. More than $8 million worth of memecoin has traded hands at Uniswap in the previous 24 hours.
Gekko HQ Coin Price Prediction
Memecoin’s price is too variable for accurate forecasting. Gekko’s price prediction will continue to be positive so long as the price is over $0.000000840. At the current levels, however, all holders are already in the black, therefore it may not be worthwhile to chase the continuous pump.
Memecoins like Gekko may be hurt the hardest by a sudden drop in Bitcoin’s price. However, as is the case with memecoins, another bullish leg cannot be ruled out at this time. The Gekko HQ coin craze is just getting started, but if influential people on Twitter start promoting it, it might really take off.
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Why Trade Crypto Futures on BTCC
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