The memecoin sector continues to be the most volatile space in the crypto market. The recent performances of GME-related memecoins is...
The memecoin sector continues to be the most volatile space in the crypto market. The recent performances of GME-related memecoins is a case in point, with each of these cryptos recording significant volatility on the charts.Keith Gill, the internet investor better known by his online handle Roaring Kitty, made a much-anticipated return to the spotlight on Friday after a years-long hiatus. However, his comeback livestream wasn’t met with the celebratory surge some expected.
Despite the reversal, GME still ended the week significantly higher than it began. Gill’s return to social media last month, after a three-year silence, reignited the speculative frenzy surrounding GameStop, with the meme stock craze even spilling over into the cryptocurrency world.surged. However, on the back of the market’s latest depreciation, memecoins saw much of their value disappear too.
In fact, CoinMarketCap’s data revealed that the price of the altcoin fell by ‘just’ 18.5% in the last 24 hours. At the time of writing, the token was trading at $0.006843.Himalay is a full-time journalist at AMBCrypto. A Computer Science graduate, Himalay writes about crypto with a special focus on the latest coin-based updates. He is a fan of gonzo journalism, transgressive fiction, heavy metal, and Manchester United.Subscribe to get it daily in your inbox.
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