Ethereum-based meme coins are bullish again, energized by the return of Roaring Kitty, the trader known for sparking the GameStop frenzy.
One such ETH-based coin is GME, which is currently experiencing a surge and analysts are now predicting that another token could be the next to make headlines.
This article will provide an analysis of GME’s current price trends and look to see whether an innovative new meme coin, Dogeverse, represents a more promising investment opportunity at this time.
Due to @TheRoaringKitty’s return on Twitter, many #MEMEcoins named $GME were created, please be careful when buying them!
We noticed that on #Ethereum, an insider spent 5.98 $ETH($17.7K) to buy 146.11B $GME(34.73% of the supply) with 21 wallets.
The 146.11B $GME is now worth… pic.twitter.com/XgSiSnvYKr
— Lookonchain (@lookonchain) May 13, 2024
GME tickers have been big business in the meme coin market since Roaring Kitty returned to steward the next bull market, but the one analyzed below is leading the pack by a significant margin—after all, what matters in meme coins is traction.
GME Price Analysis: As Roaring Kitty Ignites Waves of New GME Meme Coins – Is this Other Coin Next?
As GME continues to sit high at Hot #1 on DEXTools, GameStop is currently trading at a market price of $0.00001737 (representing a 24-hour change of +0.98%).
This comes as GME token is in its second day of strong upside potential, with GME price now consolidating above lower support at $0.00000064, the stage is set for a resurgent move to the upside as consolidation holds strong.
(GMEUSDT)
Teasing the possibility of a second rally move, GME must now allure fresh retail capital to enter the trade at a whopping $7.3m market cap.
This suggests a potential decisive 5x return for late-stage investors but offers an unappealing prospect for many traders.
With buy pressure left struggling, a glance at the order book reveals only 54% buy pressure in transactions over the past hour despite the excitement surrounding GameStop.
For this reason, smart money investors are shifting their attention to a better trade in the emerging DOGEVERSE project, which has just pulled off an impressive multi-million presale raise and offers retail investors a last chance to get in ahead of major tier-1 CEX listings.
Explore Dogeverse Ahead of Major Tier 1 CEX Listings in Q2 2024
Touted as the “chain traveling Doge,” Dogeverse has multi-chain functionality across major networks like Ethereum, BNB Chain, and Solana making it a versatile contender in the meme coin arena.
With 15% of its 200 billion supply up for grabs, early investors stand to gain significantly after the $15M raise.
The project’s structure and potential for high returns, including a staggering +582% APY return for stakers, underline its ambitious roadmap.
Shit! Wormholed to the wrong place again!
Definitely NOT going there! #Memecoins #Ethereum #DOGE #Crypto #MemeCoinSeason2024 pic.twitter.com/vRgssnVJdd
— DogeVerse (@The_DogeVerse) May 10, 2024
High APY staking has been all the rage recently, and Dogeverse is set to steal all the limelight.
Beyond its playful facade, Dogeverse introduces real utility, offering seamless integration across different blockchain environments – this feature not only enhances accessibility but also adds a layer of convenience for investors.
Click here to take part in the Dogeverse presale
The post GME Meme Coin Skyrockets as ‘Roaring Kitty’ Returns, Dog Meme Coin on the Radar Next appeared first on Cryptonews.