The memecoin GME, inspired by the popular meme-stock company GameStop, has soared no less than 300% in the last 24 hours, according to CoinGecko. As a result, GME broke the $0.01 barrier and reached $0.01366, with its market cap approaching $100 million.
Additionally, daily trading volume increased by 1,000%, exceeding $178 million. This all happened after returning analyst Keith Gill, known online as “Roaring Kitty,” made his first social media appearance in a month.
Gill became famous in 2021 after his reviews on the r/WallStreetMemes forum indicated buy for GameStop shares, which soared shortly after. Upon her return, “Roaring Kitty” shared a screenshot that purportedly showed her purchasing 5 million shares of GameStop for $115.7 million, which made investors perk up.
The trader’s return could cause a new phase of growth in the shares of GameStop, which is a store specializing in games. And if that happens, the play-to-earn (P2E) sector has everything to benefit from this cycle. See the tokens that can generate the biggest returns: In addition to GME, there is also the new presale sensation PlayDoge.
Memecoin GME
GME is a memecoin that pays homage to the 2021 GameStop short squeeze. But in addition to the tribute, she seeks to bring to cryptocurrencies the rising phenomenon that occurred in the company’s shares. And this Monday’s results (3) show that this is already happening.
On May 15, GME reached its all-time high of $0.0219, but the price has fallen sharply since then. However, with the current appreciation, memecoin is only up 32%. Furthermore, with the continued bullish nature, GME price may reach the ATH target with increasing demand in the market.
This is because 24-hour trading volume is exploding at $249 million after gains of 1,221%. If the GameStop phenomenon returns along with the return of Roaring Kitty, the price of memecoin could soar along with it.
Furthermore, memecoin appeared on the Solana network, which is the main host for memecoins in 2024, which could bring even greater potential gains.
Token PlayDoge
One of GameStop’s biggest appeals is game fans’ nostalgia for going to a store and picking out their favorite game. This is the same appeal as PlayDoge, a dog memecoin that is inspired by the famous game Tamagochi. But unlike GME, PlayDoge has an even greater return potential as it is in its pre-sale.
In just one day, memecoin raised US$300,000 and today it has surpassed US$1.4 million, a 300% increase in just four days of pre-sale. All memecoin fans want to have a PlayDoge to take care of and call their own.
Exclusive to smartphones, PlayDoge is a Play-to-Earn (P2E) game, that is, it offers tokens as payment for players to complete certain tasks. You need to take care of a digital puppy by giving it food, water, taking it for a walk and also playing games.
Along with basic activities, your pet can play adventures and complete missions in the style of classic games like Super Mario and Donkey Kong. In return, the game offers rewards paid through the PLAY token, which is precisely the token sold in the pre-sale.
PlayDoge has a total supply of 9.4 billion PLAY tokens, of which 50% (4.7 billion) are available for investors to purchase via pre-sale. And you can purchase the token now through the official website, taking advantage of the appreciation that the success of memecoin can achieve after its launch.
Source: https://www.criptofacil.com/a-volta-do-p2e-token-gme-da-gamestop-sobe-255-em-um-dia/
