Memecoins
GME vs Dogecoin: Which Meme Coin Will Reach $1 First in 2024
Among the thousands of cryptocurrencies, Gamestop (GME) came forward, which fought hard against the rest of the market. Furthermore, he also challenged the top brass meme coins like dogecoin, Shiba Inu and others with its 3094% gains. More importantly, it is located on the second largest peak and points to several others. So how high can it go? up to $1? More importantly, can it beat Dogecoin in that race by reaching the goal first? Let’s talk about.
GME price analysis
Gamestop is another trending cryptocurrency that has increased the demand for Solana meme coins. It is currently trading at $0.01487 after a 258% gain in the last 24 hours, with a market capitalization of $98,639,707. GME is recovering after a slight decline following the previous rally on May 15, when it rose to its all-time high of $0.0219. The ATH target is now only 32% away from its current value. Furthermore, given the ongoing bullish nature, GME price could achieve the ATH target with its higher demand in the market. It’s because 24-hour trading volume is exploding to $249,152,739 after gains of 1221%.
Dogecoin price analysis
While GME is rising, Dogecoin maintains its value around the monthly average of $0.16. THE dog based meme coin has the highest demand in the meme coin categories for its years of market dominance. At the same time, he gained community support, including from leaders such as Elon Musk, whose company Tesla accepts DOGE for payment. However, despite this, he is far from his best performance. At the time of writing, Dogecoin is trading at $0.1616 and has gained a 21% increase in its value compared to May, as the previous month had been quite bearish. Furthermore, its trading volume is also increasing, valued at $756,784,435 after a 51% increase.
Which Memecoin will reach $1 first between GME and DOGE?
Dogecoin has years of presence in the cryptocurrency industry, which has helped its investors understand price patterns and growth potential, but this is not the case with GME. Since we have only been in the market for a few months, it is difficult to predict how GME will move next. Furthermore, Dogecoin has already reached a target of $0.7376, which is closer to the $1 mark. Even now, the Dogecoin price it is closer to that than GME.
However, Dogecoin price is quite stagnant and has not moved much from its recent average, let alone ATH. But GME is continuously rising and has achieved a lot in recent months, which also favors the possibility of the meme coin rising to $1.
In conclusion, both GME and Dogecoin have profit potential and could reach the $1 mark. However, GME has a better chance of getting it first than Dogecoin.
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