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GameStop’s GME Fever Returns: The 4 Best Crypto Tokens to Capitalize on the Hype
On May 13, retail trader Keith Gill (also known as “Roaring Kitty”) made his first post on X (formerly Twitter) since 2021, immediately bringing back memories of GameStop (GME) short squeeze in 2021. Gill famously led other retail investors to buy GameStock’s GME shares, which caused its price to skyrocket, as well as other crypto tokens at the time.
This event also led to the bull run of meme coins in 2021, which caused the prices of crypto tokens such as Dogecoin (DOGE) AND Shiba Inu (SHIB) rise significantly. With Roaring Kitty back in the social media space, her return could spark another rush in the cryptocurrency industry. Therefore, investors should position themselves in these four tokens if they want to make significant gains from this development.
Pepe (PEPE) and Dogwifhat (WIF) will run harder
Meme Coins will undoubtedly be one of the biggest gainers from the hype around Roaring Kitty’s return. This hype is expected to spark another season of meme coins, with this category of crypto tokens experiencing a notable run. Therefore, it is essential to identify meme coins that could outperform others when this happens.
Pepper (PEPPER) AND Dogwifhat (WIF) they appear to be the two major meme coins that will outperform the broader meme coin market, and investors should look to invest in them. Since Pepe (PEPE) and Dogwifhat (WIF) are relatively newer coins, they have more room to move higher than the larger meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB).
The argument for Pepe (PEPE) and Dogwifhat (WIF) as meme coins that will work harder because they are newer is strengthened by the fact that Shiba Inu (SHIB) has seen more gains than Dogecoin (DOGE) during the coin season meme 2021. The most logical explanation is that Shiba Inu (SHIB) was newer than Dogecoin (DOGE) and had more bullish momentum.
It is also worth noting the recency bias among cryptocurrency investors, which means more liquidity will flow into Pepe (PEPE) and Dogwifhat (WIF) than the old meme coins.
Solana (SOL) will be a huge beneficiary
Solana (SOL) is another token that investors should consider investing in. The crypto token will be one of the biggest beneficiaries when meme coin season comes into full force. This is because most of the action will take place on the Solana network as meme coin trading continues to skyrocket. Therefore, the price of Solana (SOL) will rise as traders use the token to pay for transactions and more investors flow into the ecosystem.
As an example, Solana (SOL) capsized Ethereum (ETH)’s on-chain trading volume in the first 24 hours, as users rushed to the network to trade the GameStop (GME) meme coin and other created meme coins after Gill’s return.
There are also over 852,000 active wallets She said to have interacted with Solana (SOL) in 24 hours, with over 112,000 of these wallets being new wallets. This means 15% growth for the ecosystem in just 24 hours.
ETFSwap (ETFS) Outperforms Crypto Tokens Take Advantage of GameStop’s GME Fever
Era reported that the New York Stock Exchange (NYSE) halted trading in GameStop’s GME shares due to volatility resulting from Roaring Kitty’s posts. In other words, the centralized entity prevented traditional investors from taking advantage of GameStop’s skyrocketing price. This naturally angered these investors, who are now looking to trade on-chain, and a perfect solution emerged.
The decentralized finance (DeFi) platform ETFSwap (ETFS) has emerged as the destination for these investors who are simply looking for a more efficient way to trade traditional assets like GameStop (GME) without having to worry about third-party interference. The platform tokenizes and enables on-chain trading of exchange-traded funds (ETFs), meaning investors can easily trade a stock like GameStop without having to go through brokers.
ETFSwap (ETFS) it is also much better than these centralized entities, given its unique offerings. First, the platform offers 24/7 settlement on every trade, which allows investors to redeem their investments at any time instead of waiting for trading hours. Know-Your-Customer (KYC) requirements are also not mandatory on the platform. Therefore, users can rest assured that they will not be subjected to any overwhelming customer verification.
Whereas EFSwap will witness an influx of TradFi investors, the native token of the ETFS platform will benefit greatly from this development and cryptocurrency investors should look to invest in the crypto token.
Furthermore, even before this development, ETFSwap (ETFS) saw its value skyrocket by over 1,000%. This means that the rally that will occur as these TradFi investors inject liquidity into the DeFi platform will be more parabolic.
Cryptocurrency investors looking to invest in ETFSwap (ETFS) can purchase the token in Phase 1 of the ongoing presale. The coin is still for sale at an affordable price $0.00854 but it is expected to double once phase 2 begins. Therefore, this is the lowest price anyone can ever purchase for the ETFSwap (ETFS) token.
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