The post Gamestop (GME) Price Surged 18% Today: Is This The Right Time To Buy? appeared on BitcoinEthereumNews.com.

Gamestop’s popularity peaked during the last month when Roaring Kitty (Keith Gill) disclosed his support for the company. The meme coin had a big rally that time rising to an all-time high of $0.03207  before following a downtrend. The token is now almost 79% away from the ATH, but the price is rising again this week, which might drive it closer. With a surge of 18% in the last 24 hours, the Gamestop price is $0.006789 with a market capitalization of $46,740,898. The network activity is also rising, as it is presently at $27,939,406 after a 10% hike. Why Gamestop Price Is Rising? Since its launch, Gamestop price charts showcase three major rallies, each followed by a complete downtrend, and this is what happened after its June rally. However, as the price began to rise today, it might be a hint towards the upcoming rally. Also Read: Who Is JD Vance? Why Donald Trump Picked Him As The Vice Presidential Candidate? Despite the setdown, the popularity of this token has not plummeted. It is because of its past profiting rallies, maintaining its demand in anticipation of upcoming rallies. Crypto Marekt Recovery The current surge in the Gamestop price is mainly because of the recovery in the market as the user’s sentiments are moving towards greed per fear and greed Index, indicating rising confidence. This increased the trading activity, influencing the crypto price, including GMEs. Additionally, the Bitcoin price has surged to $65.8K, which is quite impressive considering its recent fall below $54K. Bitcoin’s surge has boosted the altcoin’s performance as well. Surge In The Gamestop Stock Price GME meme coin has no connection with Gamestop Corp, a famous video game retailer, but despite that, its price is influenced by the company stock values. The surge in the Gamestop price comes…

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Filed under: News - @ July 17, 2024 12:22 pm