GameStop is a very traditional video game store chain in the United States. It recently gained prominence with its stock rising 182% due to a meme.
Investor Keith Gill, known as Roaring Kitty on social networks, caused a stir when he published the publication after years of hiatus. The meme reproduced an image published by GameStop itself a few months earlier.
This was enough to reignite investor interest, which led to GameStop shares rising in value. In this context, several meme cryptocurrencies were also valued, such as PEPE, FLOKI, APU and MOG.
What are meme coins?
Meme coins, known as memecoins, pay homage to or reference memes. They can be inspired by images, videos, jokes and other content from viral posts, without much pretension.
The focus of meme coins tends to always be community engagement around the subject of origin, even when there is an ecosystem behind the project. Users are encouraged to share materials and content, boosting the reach of coins.
Is it worth investing in meme coins?
A meme currency tends to fluctuate a lot in price, rising and falling suddenly. It is common for the price to increase due to a post from a public figure, such as Elon Musk, a well-known cryptocurrency enthusiast, for example.
Therefore, they are very speculative assets and represent a certain level of risk for investors. On the other hand, they have great potential for appreciation and profit.
The tip is to be careful and not invest all the money in these projects. Allocate capital according to your risk profile to take advantage of the potential of memecoins without incurring financial losses.
GME Token
The GME token has no relationship with the North American gaming network GameStop. However, because it has the same name as it, it was boosted by the company's rising share prices.
It operates on the Ethereum blockchain. The price soared and aroused the interest of investors, who began to turn their attention to this asset.
Follow the GME quote in real time
If you are also interested in GME coin and want to invest in it, it is worth following the price to know the ideal time to make the purchase or sale.
The simplest and most effective way to do this is to follow the charts made available by NovaDAX and updated in real time. They allow you to compare asset prices more accurately and make more informed decisions, with great chances of profiting from your investments.
In addition to real-time charts that allow you to monitor market movements, NovaDAX offers a series of facilities for investors, such as the most advantageous order book on the market and zero-fee transactions.
There are more than 300 cryptocurrencies listed so far. Negotiations are clear, transparent and very secure. Therefore, you can buy and sell cryptocurrencies without fear on NovaDAX.
Invest in GME on NovaDAX
Do you want to invest in the GME token safely, practically and easily? It is already listed on the NovaDAX platform and can be added to your cryptocurrency wallet.
Invest in one of the meme coins with the greatest chance of appreciation in the future! Create a free account at NovaDAX and start trading in the cryptocurrency market right now.
