GameStop Price Crashes, Buy The Dip Or Sell GME? This Solana Meme Coin ICO Raises
GameStop Label Crashes, Aquire The Dip Or Promote GME? This Solana Meme Coin ICO Raises
Factual over one week on from legendary GameStop investor Roaring Kitty’s abrupt return to social media for the first time since 2021, the GameStop (GME) tag has crashed, with retail investors asking whether now frequently is the time to receive the dip or sell GME.
The GameStop tag rallied as excessive as $65 closing Tuesday but has since crashed help to $22.
That leaves it barely 20% above its ranges from sooner than Roaring Kitty’s return.
Roaring Kitty changed into as soon as a leading figure in the 2021 meme stock craze, one day of which duration GME changed into as soon as a leading stock.
The 2021 meme stock craze changed into as soon as viewed by many as a retail investor-led movement in opposition to Wall Boulevard hegemony.
Hopes live excessive amongst retail investors that Roaring Kitty’s return would possibly well catalyze a brand new meme stock season.
US Presidential candidate Robert F Kennedy even announced on Monday that he had invested $24,000 in GME.
BREAKING: US Presidential candidate Robert F. Kennedy Jr announces he has bought shares of GameStop, $GME. pic.twitter.com/QblIrW6mMj
— The Kobeissi Letter (@KobeissiLetter) Also can fair 21, 2024
But macro situations seemingly don’t warrant a repeat of 2021 meme stock mania.
The US authorities isn’t at designate handing out stimulus cheques.
And whereas US fairness markets are pushing on to new tale highs, curiosity rates live at multi-decade highs.
Contemporary years of inflation plus excessive curiosity rates luxuriate in attach a predominant squeeze on retail investor spending firepower.
Also, there’s appropriate motive to be bearish on the GameStop tag. GME is an inflationary asset – the corporate closing week announced a brand new stock sale.
What’s this? GameStop plans to sell forty five,000,000 shares of GME (approx. $900M at new prices)? How convenient! They’re fully no longer attempting to exit scam this pump or something else! They’re DECENTRALIZING the shares! How altruistic! 😂 pic.twitter.com/jpez9ZB96k
— Autism Capital 🧩 (@AutismCapital) Also can fair 17, 2024
Within the intervening time, the corporate continues to bustle at a loss and cut again jobs because it struggles with e-commerce opponents.
GME Merchants Must aloof As an alternate Steal into tale Meme Coins
Merchants making an are attempting to compose speculative bets on resources that can well stare broad market hype-driven beneficial properties can assemble greater than GME.
As renowned above, the outlook for the GameStop tag isn’t necessarily appropriate because it has putrid fundamentals and is inflationary.
Its also got a bloated market cap of round $6.5 billion.
For a company that maybe isn’t price something else in true life, that’s doubtlessly a in point of fact nice overvaluation.
And that reduces the likelihood of something else extra than 5x beneficial properties this bull cycle.
Merchants brooding about GME must as a change mediate crypto meme money.
Top meme money adore Dogecoin, Shiba Inu and Pepe are seemingly to continue to develop as crypto abilities is adopted.
Alternatively, their bloated market caps counsel that they also luxuriate in restricted room for upside.
Fortunately, new meme money are popping up on daily foundation. Whereas most are scams or pump-and-dumps, savvy merchants would possibly well even be ready to issue hidden 100x gem stones.
One such coin that analysts at Cryptonews are very bullish on is Solana meme coin ICO Sealana (SEAL).
Sealana (SEAL) – The Simplest Solana Meme Coin ICO Upright Now
South Park-themed Seal chilly spicy movie persona Sealana has been producing broad excitement since launching its presale.
The brand new Solana meme coin ICO aspects an overweight, Solana meme coin trading degen seal called Sealana.
The loveable seal mascot has already attracted over $2.35 million in funds from early investors.
Necessary search records from is no longer surprising given the stable traction Sealana has been getting one day of socials.
Sealana has already garnered over 5,000 X followers, besides to over 5,000 on Telegram.
#Sealana and his closest bros are stormin’ the Capitol to defend all #Crypto patriots, Sealana and his $SEAL troops are fightin’ for our appropriate to Lambos 🏎️, Gains 💸, and FREEDOM!! 💪🦭
Stand with Sealana! Be a part of the #Presale, 💵 and restore the primitive glory of #Memecoins!💥 pic.twitter.com/Sv1fGVm8ry— Sealana (@Sealana_Token) Also can fair 20, 2024
Sealana’s advertising and marketing and presale success is paying homage to the as we divulge launched Solana meme coin Slothana (SLOTH).
Slothana raised over $15 million in a the same presale. Alternatively, it then went on to pump to a market cap of over $100 million, as per DEXTools.
Presale investors were up over 5x within appropriate just a few days of the token’s delivery. That extra than would possibly well seemingly be anticipated from the GameStop tag in the shut to future.
SLOTH also appropriate launched on the end-ten crypto alternate HTX. This would well outcome in a brand new push greater in its tag as new retail investors flood in.
Amid rumors that the Slothana and Sealana groups are associated, merchants will hope SEAL’s success suits SLOTH’s.
If Sealana can quick stable alternate listings put up-delivery adore SLOTH, it will simply be the simplest new Solana meme coin ICO to receive appropriate now.
Y’all listen up!📢
When #Sealana acknowledged “MAKE AMERICA GREAT AGAIN”, he intended we gotta discontinue buildin’ that god darn wall! 🧱🇺🇸
Creatin’ a land of prosperity where all American $SEALS can shoot weapons🔫, drink pressure🛻, and leave the trailer park slack!🏚️🚀
Be a part of the #Presale, earn some… pic.twitter.com/GldZlorvvB— Sealana (@Sealana_Token) Also can fair 17, 2024
Merchants can aquire their SEAL by connecting their web3 pockets on Sealana’s respectable web sites with SOL, ETH, USDT, or USDC. Sealana can be on hand for hang by strategy of card.
Aquire Sealana Here
Disclaimer: Crypto is a excessive-possibility asset class. This text is supplied for informational functions and doesn’t checklist funding advice. Chances are you’ll well lose all of your capital.
Source : cryptonews.com
