GME and AMC stock surge may impact crypto meme coins, BTC not so much?
GME and AMC push to greater highs on the back of memes as correlations with crypto begin to emerge. This year, stocks like the movie theater chain AMC Entertainment and video game retailer GameStop (GME) have been the vehicle for individual retail traders to show their dissent against the so-called “free market.” Starting in late January and driven by sentiment from Reddit communities such as r/Wallstreetbets, these meme stocks have seen enormous growth this year. GameStop has shown 1,069.80% year-to-date returns, while AMC has shown 1,919.34% gains. At this rate, they should have 2,440%....
Related News
Meme coins marked some of the most prominent growth during the rise of the crypto market in 2021. ROI on investments in digital assets like Dogecoin and Shiba Inu was off the charts when they went from obscurity to being some of the most popular cryptocurrencies. On the flip side of this, meme coins have […]
PRESS RELEASE. Meme coins have been trending for a while now in the crypto space and most of them are animal related. Dogs, in particular, are the most popular meme element used in global meme coin community. From Dogecoin to Shiba Inu (SHIB), the success of numerous meme coins has been witnessed by the vast majority of crypto investors and enthusiasts.
And now, this everlasting trend of using animal as the major meme coin element might just come to an end, with the inception of a new meme created by a prodigy. Recently, random (RND), a 12-year-old primary school....
Meme coins have increasingly become the investment choice for a lot of crypto investors over the last year. Their tendency to return large gains in a short period of time has been one of the major drivers behind their rapid adoption. However, as with anything that carries the potential for high rewards, these meme coins […]
The meme coins have had what can be said to be an amazing year so far. What started with Elon Musk shilling Dogecoin on Twitter has bloomed into a billion-dollar space. Meme coin after meme coin had followed Dogecoin and a good percentage of them had found favor in the market such as Shiba Inu […]
With the rise of NFT’s and alternate cryptocurrencies, meme coins such as Dogecoin (DOGE), Shibu Inu coin (SHIB), and Mona coin (MONA) are becoming increasingly popular. Traders can find all the major meme coins here. But, what is the future of meme coins and what affects their market price? In short, the future price of […]