Memecoins
The best meme coins that will benefit from the GameStop rally this week
Keith Gill, the famous GameStop stock trader known as Roaring kitten, made a notable return to Reddit Inc. (NYSE: RDDT) this past Sunday. His return caused GME stock to nearly double during Monday’s pre-market session. Gill revealed he has a stock portfolio worth over $110 million, placing him among the top “whale” investors.
This spike in GameStop shares has also triggered a surge in meme coins linked to the entertainment company.
Meme coins ride the GameStop wave
Over the past 24 hours, many meme coin projects on different blockchains have seen significant gains for early investors. The meme coin market grew by 2%, reaching approximately $66.8 billion, with a daily trading volume of approximately $5.9 billion.
The biggest winners from GameStop’s surge were meme coins inspired by Wall Street commodities like GME and AMC. For example, GME (Ethereum) increased more than tenfold, while Solana-based GME (GME) increased more than 200% in just 24 hours.
Crypto analysts are predicting a busy week ahead
A well-known crypto analyst named Scofield on Platform Scofield recommended top meme coins with strong fundamentals, such as Dogecoin (DOGE), Dogwifhat (WIF), Pepe (PEPE), Floki Inu (FLOKI), Shiba Inu (SHIB), and Bonk (BONK).
Prominent among these is Floki Inu, which has gained more than 16% in the last 24 hours, to trade around $0.00028 on Monday. With an impressive track record, including around half a billion in total value locked (TVL) and a significant supply shock, Floki Inu is set to be a major beneficiary of the current surge in meme coins.
Also check: GameStop (GME) price looks for another 150% jump after a monstrous 200% rally in the next few days!
Will the meme coin frenzy continue? Only time will tell. Stay tuned for further updates!