To start this article, we’ll do a deep dive into the Gekko HQ crypto project. Next, we’ll focus on the project’s token, GEKKO. As such, we’ll begin by examining the GEKKO coin’s tokenomics. And although we are doing a review of the project and its token, our primary focus in this article will be the $GEKKO token price. Hence, we’ll go over the entire asset’s price data using basic TA (technical analysis) to determine important support and resistance levels.
All in all, the information offered herein will help you decide whether or not you should buy $GEKKO. For those of you who may decide to take that path, we’ll even tell you where to do so. Last but not least, we’ll also share some quick tips on how to find crypto like GEKKO before they pump using the #1 crypto trading and blockchain analytics tool, Moralis Money. After all, once you’re able to find up-and-coming crypto utilizing this tool, you’ll be able to make some great profits!
Exploring the Gekko HQ Crypto Project – What is Gekko?
The Gekko HQ crypto project is all about highlighting the GEKKO meme coin. Essentially, the project has no specific blockchain use case other than promoting its specific ERC-20 token known as GEKKO. We’ll take a closer look at this cryptocurrency in the following sections.
The project went live on May 4, 2023, indicated by the following X (formerly Twitter) post:
As you can see in the above two images, the project’s official X account and its website both use a specific tone. They both very clearly indicate the Gekko HQ crypto’s memetic nature and aim to create hype around the project. Such a hype-driven approach is quite common for most, if not all, meme-based projects and their tokens. And Gekko HQ is no exception. Moreover, the project went live at the time when the 2023 memecoin season was in its full bloom.
A closer look at the project’s official website and its X account doesn’t offer many details. For example, there’s no whitepaper explaining what the project is all about. However, there are bits of information that do leave some clues. One of these clues is that the project indicates that there are ten other tokens that it “competes” against. So, whenever the project’s market cap surpasses any of those tokens’ market cap, a large amount of GEKKO tokens will be burned (more details below).
Story Behind the Gekko HQ Crypto
Have you heard of Gordon Gekko before? It is the lead character from the movie Wall Street, released in 1987 with a sequel in 2010, played by Michael Douglas.
While the project itself doesn’t clearly state that the team behind it based its meme on that character, the images and project name indicate this might be the case. Also, in some X posts, they even quote Gordon Gekko. Plus, the lizard head is photoshopped on top of Gordon’s body:
That said, we leave it up to you to decide about the exact story behind Gekko HQ.
However, judging by the “Welcome to our HQ” heading on the project’s official website, “HQ” stands for headquarters. Additionally, the project lists three rules to win: “play in the big league,” “be greedy,” and “value information.”
Project’s Roadmap
By this point, you know that the Gekko HQ crypto is a meme project. Thus, all the information on the website or that its social media accounts offer must be viewed with caution. Also, the roadmap that you can find on the Gekko HQ website must not be taken too seriously. However, it does indicate three phases with some specific goals, which you can see in the image below:
The Lizard Army
Anyone holding the GEKKO token is a member of the project’s community. And as you can see in the above-outlined roadmap, this community goes by the name of “lizard army.” Of course, there’s no actual prerequisite of holding $GEKKO to join this community.
Aside from interacting with X posts of the @gekko2hq account, anyone can join the project’s Telegram group:
GEKKO Token Analysis
The GEKKO token is one of many meme coins that went live in the spring of 2023. The exact date of the asset’s minting transaction was executed on May 5, 2023. This is when 200 trillion instances of the GEKKO cryptocurrency went live on the Ethereum chain:
Gekko is a fungible token that follows the ERC-20 token standard. As such, it can be stored in any Ethereum-supported Web3 wallet. To transfer it, one needs a sufficient amount of ETH to cover the transaction-related gas fees.
What makes $GEKKO unique is its tokenomics, which is tightly related to the project’s “hit list.”
GEKKO Cryptocurrency Tokenomics
The above image includes two Gekko HQ crypto project posts offering more details about their hit list. As you can see, the initial hit list (posted on May 10, 2023) included ten crypto assets. However, on July 19, 2023, the project posted an updated list of twelve projects. The updated list targets nine of the initial ten cryptos (excluding Uniswap) and adds three meme coins.
So, these are the crypto projects that Gekko HQ is using as a benchmark to trigger a token-burning event (a.k.a. “the great flippening”):
According to the above-outlined posts, every time the GEKKO cryptocurrency surpasses any of these cryptos by market cap, the anonymous team behind the project will burn 11.66 trillion GEKKO tokens. This commitment introduces a potential deflationary mechanism. Why potential? Because it will be quite a challenge for GEKKO to reach most of these assets.
However, at the same time, this incentivizes the lizard army to spread the hype around the project in an attempt to reach the tokens on their hit list.
So far, GEKKO surpassed LADYS, ELON, and FLOKI. And at GEKKO’s current ATH, it was actually already close to overcoming PEPE. However, there have been only two burning events so far (at the time of writing):
Here’s an overview of GEKKO’s tokenomics:
- Symbol/ticker: GEKKO or $GEKKO
- Token type: ERC-20
- Smart contract address: 0xf017d3690346eb8234b85F74cEe5E15821fEe1f4
- Maximum total supply: 200,000,000,000,000 $GEKKO
- Minting timestamp: May 5, 2023, at 07:53:11 (+UTC)
- Sell/buy tax: 0%
- Token distribution:
- 70% for the “great flippening”
- 30% for liquidity and operations
Price Analysis of the Gekko HQ Cryptocurrency
The above daily GEKKO token price chart included the asset’s entire price action. It indicated that the token started to trade on May 5, 2023, at $0.0000001074. You can also see that there was a massive pump within the first hours of trading, reaching more than 10x above the listing price. However, the price came back down to the $0.00000038-ish region on the same day.
On May 9, 2023, the price tried to make another move up but got rejected at $0.0000005. From there, the price plummeted. Sure, the BTC price was also in a downtrend at the time. However, there was some sort of dump at play, which brought the GEKKO cryptocurrency nearly 99% below its listing price. The asset marked its all-time low (ATL) at $0.0000000004868 on May 25, 2023.
Return from the Dead
Many tokens never manage to recover after such a massive sell-off right after launch. However, the Gekko HQ crypto project survived against the bad odds. In fact, the token’s price increased by nearly 300x on the same day, reaching as high as $0.0000001452.
Following that recovery pump, the price initially retraced to the $0.00000003-ish level. However, from there, it started its climb toward the listing price.
Then, on July 23, 2023, GEKKO started another impressive rally. This might have been sparked by the team’s announcement that they have renounced the contract or that the LADYS flipping took place. Whatever the case, the price ran all the way to $0.00000081-ish in just four days.
However, the level mentioned above served as a resistance, and the price pulled back by approximately 70% over the following 26 days. It found its local bottom on September 11, 2023, at $0.0000002447. The price stayed in that region over the next month.
On October 11, the token showed some positive activity, increasing by more than 30%, just to lose most of that increase on the next day. Over the next ten days, the price was trending mainly sideways in the $0.00000027-ish region. But it was on October 23, 2023, that the GEKKO token pumped again. You can see that latest rally more closely in the hourly chart below:
The price increased by nearly 700% in just 23 hours, and traders with Moralis Money‘s Starter and Pro plans were able to spot this amazing opportunity.
Technical Analysis (TA)
Looking at the two charts above, you can see all the levels of significance. What’s more, the daily chart shows us that, like many other meme coins, the GEKKO cryptocurrency has quite a pump-and-dump nature. However, it looks like the GEKKO price wants to stay slightly higher after dumping compared to other assets that usually plummet after a dump, making lower lows.
Plus, the latest rally took the Gekko HQ crypto’s market cap well above $250 million. As such, the token’s moves are now less likely to be as explosive. Still, billion-dollar market cap meme coins (DOGE and SHIB) tend to move in such a manner.
The above hourly chart also indicated an engulfing bearish candle following GEKKO’s ATH at $0.0000021-ish. Hence, it is more likely to see the asset’s price revisit some of the lower levels of significance before moving further up.
However, judging by the latest rally, Bitcoin’s price appreciation suits GEKKO. So, if BTC continues to move up, the GEKKO token could easily go further. But if we see a Bitcoin retrace next, GEKKO’s price is likely to come down with it.
According to the Fibonacci retracement tool’s most optimist targets (such as the $4.236 extension), based on the initial and second GEKKO pump, $0.0000053-ish and $0.0000027-ish are not out of the picture.
However, the daily RSI is as high as it was at the token’s last peak (see image above).
Should You Buy $GEKKO?
If the short crypto history teaches us anything, it is that meme coins can often outperform tokens with more serious use cases. Plus, given the fact that the Gekko HQ crypto managed to reach a $300 million market cap, it is impossible to ignore $GEKKO.
However, that also doesn’t mean that you should get a bag of it.
Instead, make sure to use the above-offered information to determine if you find this particular meme coin interesting. If you believe that it deserves your further attention, you ought to DYOR. And there’s no better place for that purpose than the Moralis Money $GEKKO token page. It offers all the links and tools you need to answer the above question with confidence.
Plus, on that page, you’ll find GEKKO’s real-time, on-chain metrics (a.k.a. alpha metrics). Explore these invaluable insights on various timeframes to determine what is going on with the asset’s on-chain momentum. In combination with its price, this will tell you whether or not now’s a good time to buy $GEKKO.
So, if your risk tolerance allows you to invest in or trade meme coins, visit that page or use the interactive widget below. By doing so, you’ll be able to decide whether or not you should buy $GEKKO.
Where to Buy the GEKKO Token?
In case you decide you wish to get a bag of $GEKKO, you have several options. Just use the “Market” section on CoinGecko or CoinMarketCap page for that token. There, you’ll find a list of all CEXs and DEXs that offer the relevant training pair, including the trading volume. As such, you can easily pick a market that best suits your goals.
Find Crypto Like GEKKO Using Moralis Money
It’s worth pointing out that the GEKKO cryptocurrency is just one out of thousands of tokens you can explore with Moralis Money. Plus, you can explore tokens across all the leading blockchain networks, not just on Ethereum.
However, researching alts is not Moralis Money’s main superpower. The latter comes in the form of spotting the best altcoin opportunities! And you can start doing that with Moralis Money’s core feature – Token Explorer – for free. However, if you are serious about spotting the best new crypto coins before it’s too late, you ought to lock in a Starter or Pro plan.
To learn more about how to get going with this powerful crypto breakout scanner, make sure to take it for a spin today.
Gekko HQ Crypto – Key Takeaways
- The Gekko HQ crypto is one of many meme coins that were born during the 2023 memecoin season.
- GEKKO’s unique aspect comes in the form of “the great flippening” – the Gekko team’s commitment to burn 70% of the token’s total supply whenever its market cap surpasses one of the assets on Gekko’s hit list.
- The GEKKO token’s market cap has already surpassed $LADYS, $ELON, and $FLOKI.
- $GEKKO’s price has been through a wide range since it started trading on May 5, 2023.
- During the latest rally (October 23 – 24, 2023), the Gekko price increased by nearly 700%.
- To determine if you should buy $GEKKO or not, use the Moralis Money $GEKKO page.
- Go beyond GEKKO and use Token Explorer to find the best altcoin opportunities.
Aside from mastering Token Explorer, we recommend you check out all other Moralis Money features, including its crypto portfolio manager. You should also keep yourself in the game by staying in touch with the latest crypto topics. Hence, make sure to check out our crypto blog. For instance, if you’ve been wondering, “Is DOGE dead?” this outlet has an answer for you.
