GameStop-Themed Memecoin Spikes 167% Amidst Latest Bitcoin PlayA memecoin named after GameStop Corp. NYSE:GME skyrocketed about 167% Tuesday breaking out of a falling wedge pattern after the video game retailer adopted Bitcoin as a treasury reserve asset.
Build on the Ethereum blockchain, GameStop Coin (GME) soared 167% in the last 24 hours, dwarfing returns by blue-chip cryptocurrencies like Bitcoin and Dogecoin
The latest uptick widened the coin's monthly returns to an astounding +3778.06%. However, a cursory glance at its trajectory revealed periods of short-term rise followed by sharp collapse, indicating its speculative nature.
Note that the cryptocurrency isn't tied to GameStop in any way but seeks to capitalize on the hype surrounding the meme stock.
Technical Outlook
As of the time of writing, NYSE:GME coin is up 9.92% currently retraced as hinted by the Relative Strength Index (RSI) at 60. With the growing hype surrounding meme coins Gamestop coin is looking poised for a comeback as indicated by the daily chart - the wedge is still in play with a speculated surge to the January high, 2025.
GameStop (gamestop-coin.vip) Price Live Data
The live GameStop (gamestop-coin.vip) price today is $0.000101 USD with a 24-hour trading volume of $1,595,457 USD. GameStop (gamestop-coin.vip) is up 4.09% in the last 24 hours, with a live market cap of $41,512,628 USD. It has a circulating supply of 411,297,484,026 GME coins and a max. supply of 420,690,000,000 GME coins.
