GameStop Corp. (GME), the video game retailer turned meme stock phenomenon, experienced a remarkable 24% surge in its share price today, surpassing popular memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) in market capitalization. The unexpected rally has sparked speculation about the possible influence of "Roaring Kitty," the Reddit investor who played a pivotal role in GME's meteoric rise in early 2021.
Read MoreGalaxy Digital CEO Michael Novogratz has once again reiterated his bold stance on memecoins, labeling them not just as a fleeting trend but as a "cornerstone" of the cryptocurrency industry. This declaration comes amidst a mixed reception from the broader crypto community, with some echoing his sentiment while others remain skeptical.
Read MoreIn recent months, many new memecoins have emerged and gained substantial popularity. Despite these new tokens capturing a significant portion of the market share, Shiba Inu (SHIB) has continued to grow.
Read MoreDogecoin (DOGE) and Book of Meme (BOME) are leading the charge among memecoins in the current crypto bull market, experiencing synchronized surges despite their different launch times.
Read MoreLet's examine how Dogecoin (DOGE) and Shiba Inu (SHIB) stack up against the leading cryptocurrencies in the sector based on their "active addresses."
Read MoreSolana-based memecoins like dogwifhat (WIF), Bonk (BONK), and Popcat (POPCAT) have paused their recent rallies. WIF lost 9.92% of its value in the last 24 hours, while BONK and POPCAT experienced decreases of 7.49% and 11.31%, respectively.
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