Memecoins
GME vs Dogecoin: Which Meme Coin Will Hit $1 First in 2024
Among the thousands of cryptocurrencies, Gamestop (GME) stood out, waging a fierce fight against the rest of the market. Furthermore, he also challenged the summit coins like dogecoin, Shiba Inu and others with its gains of 3094%. More importantly, it sits on the second largest peak and points to many others. So how high can he go? up to $1? More importantly, can it beat Dogecoin in this race by reaching the goal first? Let’s discuss it.
GME Price Analysis
Gamestop is another trending cryptocurrency that has increased the demand for the Solana Coins. It is currently trading at $0.01487 after a 258% gain in the last 24 hours, with a market cap of $98,639,707. GME is rising after a slight decline following its previous rally on May 15, where it hit its all-time high of $0.0219. The ATH target is now only 32% of its current value. Additionally, given the still bullish nature, GME Price could achieve the ATH target with its increased demand in the market. Indeed, 24-hour trading volume explodes to $249,152,739 after gains of 1,221%.
Dogecoin Price Analysis
While GME is rising sharply, Dogecoin maintains its value around the monthly average of $0.16. THE coin based on a dog has the highest demand in parts categories even for its years of market dominance. At the same time, he gained community support, including from leaders like Elon Musk, whose company Tesla accepts DOGE for payment. However, despite this, he is far from his best performances. At the time of writing, Dogecoin is trading at $0.1616 and its value is up 21% from May, with the previous month being quite bearish. Additionally, its trading volume is also on the rise, valued at $756,784,435 after a 51% increase.
Which Memecoin will reach $1 first between GME and DOGE?
Dogecoin has had a presence in the crypto industry for years, which has helped its investors understand price trends and growth potential, but GME has not. Since it has only been a few months in the market, it is difficult to predict how GME will move next. Additionally, Dogecoin has already reached a target of $0.7376, which is closer to the $1 mark. Even now the Dogecoin Price is closer to this compared to GME.
However, the price of Dogecoin is quite stagnant and hasn’t moved much from its recent average, let alone the ATH. But GME is constantly rising and has accomplished a lot over the past few months, which also favors the possibility of the meme coin reaching $1.
In conclusion, both GME and Dogecoin have profit potential and could reach the $1 mark. However, GME is more likely to reach it first than Dogecoin.
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