The post Gamestop (GME) Price Soars 95% Today: Hidden Gem of Market Crash? appeared on BitcoinEthereumNews.com.

The earlier Coingape reports revealed that the crypto market crash impacted the overall market today. Beginning with Bitcoin’s drop to $53K, the rest of the altcoins followed a similar downtrend due to increased fear among holders. The prime reason behind this is the US Job reports, which were lower than expectations. Moreover, September is a notorious month, impacting Bitcoin’s growth most years. As the last few days followed this declining trend, most of the cryptocurrencies suffered in the market, except one, Gamestop (GME). In contrast to the market trend, the Gamestop price has soared more than 95% in the last 24 hours, making it the hidden gem of the market crash. Roaring Kitty Influenced the Gamestop Price After Months Keith Gill or Roaring Kitty has an influential power on the GME price despite the token having no connection with the influencer or the Gamestop Stock. However, despite that, the crypto token has always boomed every time Roaring Kitty made a presence, and the same has happened this time. Just earlier, Keith Gill appeared on the internet after a two-month break. He made a simple X post of the Toy Story 2 scene, where Andy dropped Woody, the Cowboy toy, saying, “I don’t want to play with you anymore.” Though the post was simple, the analysts have speculated it as Keith’s indication of dropping his support for the Chewy Stocks, which he supported earlier. However, what is important is that without any connection to Gamestop in this post, the GME stock price surged  8.2% within 11 minutes of the tweet. More importantly, the crypto token Gamestop price also boomed, jumping from $0.002728 to $0.004676 within 30 minutes. However, it did not stop there, as the surge continued, and it reached its highest peak of $0.005512 a few hours ago. With this,…

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Filed under: News - @ September 7, 2024 11:36 pm