Grass Surges 10% As This PEPE Upgrade Closes On $24M In Presale

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The Grass price surged 10% in the last 24 hours to trade at $1.13 as of 5 a.m. EST on trading volume that skyrocketed 38% to $238.88 million.

The project’s surge during came as most cryptos are falling, perhaps because of the launch of Stage 2 of its network. Grass claims that its goal is to set the stage to reclaim the public web and create a world where every web search is routed through the Grass Network.

In other words, it wishes to capture the web by creating a user-owned map of the internet. It’s also hinted at future developments such as more rewards, new product releases, and more.

Stage 2 of the network is here.
Together, we’ve set the stage to reclaim the public web. Imagine a world where every web search is routed through the Grass Network.
The focus is now on capturing the web by building a user-owned map of the internet. The next season introduces… pic.twitter.com/tvBHWkSJ87
— Grass (@getgrass_io) October 31, 2024

The project has 2.8 million users from 190 different countries, and launched one of the most widely distributed airdrops on Solana’s network.

Grass Price Prediction

In the last seven days, the project’s price went up by around 40%, from $0.8646 to the resistance at $1.20. A major part of this leap happened in the last 24 hours, when the price jumped up by 10%, although the project did see a correction to $1.11 since then, as the bearish sentiment started catching up to it.

The big question now is where will GRASS go from here, and what will happen to its price next. Right now, the project’s price is approaching the support at $1.1, but certain technical indicators suggest that GRASS might see a recovery in the near future, possibly after reaching this support.

The project’s Bollinger bands have seen a sharp narrowing a few hours ago, after which they started expanding again. This is a positive signal that suggests that a trend change might be coming over the next few hours. For the time being, the price is still stuck to the lower band, pushing it further down, but positive signals are beginning to emerge.

Another one can be seen in the project’s Relative Strength Index (RSI) value, which reached the oversold zone a few hours ago, only to go up to the neutral zone as traders started buying the dip. However, many have seemingly decided that this was too early to move in, so they took profit quickly, causing the RSI to drop to the oversold area again.

Now, the metric is showing new sign of growth, suggesting that the bulls might be trying to take over the market again, and potentially continue their behavior from last month.

So far, November has brought a bearish wave to the crypto industry, but there is no reason for this to continue for long. In fact, falling prices are likely to trigger a strong recovery before long, so anyone looking for good opportunities for short-term gains should keep an eye open.

Promising Alternative To Grass

Investors looking for diversification options might want to consider another project with strong momentum like Pepe Unchained (PEPU), one of the biggest meme coin ICOs of the year after raising $23.9 million.

Its popularity comes from the hype surrounding the combination of advanced technology and one of the meme coin sector’s most popular entities: Pepe the Frog.

The original Pepe managed to become the third-largest meme coin by market cap, after all, and this is a crypto stuck on Ethereum’s network and limited by its own technical shortcomings.

PEPE has slow transactions, high fees, and the inability to scale, and it still outperformed every other meme coin but SHIB and DOGE.

Pepu Tweet

Now, with Pepe Unchained distancing itself from the ETH network by launching its own Layer 2 chain, it potentially has all the popularity of the original Pepe, with no technical issues to hold it back.

Experts like ClayBro, a major crypto YouTuber with over 130k subscribers, believe that it has at least 10x potential, with some more optimistic investors thinking that it might replace the original Pepe once it goes live.