GME Meme Coin Skyrockets as ‘Roaring Kitty’ Returns, Dog Meme Coin on the Radar Next
Ethereum-based meme coins are bullish again, energized by the return of Roaring Kitty, the trader known for sparking the GameStop frenzy.
One such ETH-based coin is GME, which is currently experiencing a surge and analysts are now predicting that another token could be the next to make headlines.
This article will provide an analysis of GME’s current price trends and look to see whether an innovative new meme coin, Dogeverse, represents a more promising investment opportunity at this time.
Due to @TheRoaringKitty’s return on Twitter, many #MEMEcoins named $GME were created, please be careful when buying them!
We noticed that on #Ethereum, an insider spent 5.98 $ETH($17.7K) to buy 146.11B $GME(34.73% of the supply) with 21 wallets.
The 146.11B $GME is now worth… pic.twitter.com/XgSiSnvYKr
— Lookonchain (@lookonchain) May 13, 2024
GME tickers have been big business in the meme coin market since Roaring Kitty returned to steward the next bull market, but the one analyzed below is leading the pack by a significant margin—after all, what matters in meme coins is traction.
As GME continues to sit high at Hot #1 on DEXTools, GameStop is currently trading at a market price of $0.00001737 (representing a 24-hour change of +0.98%).
This comes as GME token is in its second day of strong upside potential, with GME price now consolidating above lower support at $0.00000064, the stage is set for a resurgent move to the upside as consolidation holds strong.
(GMEUSDT)
Teasing the possibility of a second rally move, GME must now allure fresh retail capital to enter the trade at a whopping $7.3m market cap.
This suggests a potential decisive 5x return for late-stage investors but offers an unappealing prospect for many traders.
With buy pressure
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