Economy 13-05-2024 22:03 10 Views

GameStop Icon “Roaring Kitty” Posts For the First Time Since 2021 – Are These 5 Meme Coins the Next GME Stock?

Iconic retail stock trader/investor “Roaring Kitty,” who rose to fame during the 2021 meme stock surge, just posted on X for the first time since 2021, igniting a surge in the excitement that a new meme stock/meme coin trading season could be inbound, and with traders feverishly hunting for meme coins that could be the next GME stock.

GameStop icon Roading Kitty—Keith Gill in real life—posted a meme about “locking in.” The implication could be that Roaring Kitty is about to refocus on his trading.

— Roaring Kitty (@TheRoaringKitty) May 13, 2024

GameStop was last up 70% on Monday, with GME reaching around $30 as per Yahoo Finance. Roaring Kitty was a major champion of beaten-down stock GameStop prior to its stunning 2021 pump.

Roaring Kitty’s GameStop position is thought to have surged to as much as $50 million in 2021 at its peak.

Other popular stocks during the 2021 meme stock craze also picked up. AMC Holdings (AMC) was up 45% on Monday.

The return of Roaring Kitty hasn’t just sparked excitement in meme stock markets. Indeed, there has been a surge in risk-taking activity in across the crypto meme coin space.

Scores of meme coins related to Roaring Kitty, Gamestop, and the 2021 meme stock craze are pumping.

Roaring Kitty (KITTY) was up 21,000% in 24 hours, as per DEXTools. Wall Street Bets (WSB) was up 4,500%. And GamgeStop (GME) was up 2,200%.

None of these meme coins have any official connection to the original persons/communities/companies. They are purely just borrowing the name.

Additionally, none of these meme coins, beyond their 2021 meme stock craze links names, have any real utility or prospect of long-term growth.

Traders looking for the next GME stock should check out these meme coins instead.

Are These 5 Meme Coins the Next GME Stock?

Dogecoin (DOGE)

Dogecoin (DOGE) jumped 9% on Monday as traders grew excited that it could be the next GME stock.

Dogecoin is the largest and oldest meme coin by market capitalization and was last near $0.1550.

The meme coin’s market cap is a whopping $22.2 billion.

But many think DOGE will one day reach $1, which would see its market cap swell to over $140 billion.

Investors willing to ride the DOGE rollercoaster could be looking at 6.5x gains if $1 is reached.

That might not be as impressive as GME’s 2021 gains. But Dogecoin remains one of the best meme coin bets.

Shiba Inu (SHIB)

The second largest meme coin in crypto, Shiba Inu (SHIB), is another good bet for the next GME stock.

SHIB was last up 7.5%, eyeing an upside break from a pennant structure.

That could reignite a quick surge back to March highs above $0.000045.

Shiba Inu could be the next GME stock if it can break this pattern. Source: TradingView

That would be a near 100% rally from current levels near $0.000024.

Like Dogecoin, Shiba Inu (SHIB) has a dedicated, massive community with over 3.8 million followers.

As a result, it is likely to stay a major player in the meme coin space in the long term.

Wood! Happy #MothersDay to all the #ShibArmy moms – two legs or four!
You’re the heart and soul of our pack

— Shib (@Shibtoken) May 12, 2024

Slothana (SLOTH)

Since its recent launch, an exciting new Solana meme coin called Slothana (SLOTH) has seen an amazing start to life.

The Sloth-themed meme coin has grown 550% since its May 1 launch and has a market cap near $100 million.

It’s LAMBO TIME for the $SLOTH community! Let’s take a look back at the past 7 days as $SLOTH presale buyers make 300% gains.

100m $SLOTH Tokens Burnt, totaling 5% of supply and $3m
Liquidity locked with Streamflow Finance
Organic listings on multiple…

— Slothana (@SlothanaCoin) May 13, 2024

Slothana seeks to replace its Sloth-themed meme coin predecessor Slerf (SLERF), which at one point had a market cap of nearly $500 million.

But Slerf has since dropped back to $145 million. Slothana could soon take the crown as the biggest Sloth meme coin.

As meme coin risk appetite returns, it could become a multi-billion-dollar coin. Slothana is a good bet for the next GME stock.

Dogeverse (DV)

Another exciting meme coin with novel cross-chain capabilities called Dogeverse (DV) is available in presale.

Dogeverse is a multi-chain spin on Dogecoin, launching on the six most used blockchains, excluding Bitcoin, with multi-chain bridge capabilities.

There are a host of chains out there vying to be the go-to destination for meme coin launches – Dogeverse plans to fit the bill by being present on all chains that matter.

Get on the degen train before it rides into the wrong #Wormhole!#DOGE #Memecoins #Altcoins #Solana #Base #Ethereum

— DogeVerse (@The_DogeVerse) May 6, 2024

The multi-chain meme coin has raised more than $15 million so far.

Potential investors don’t have long to buy before launch. If Slothana’s success is anything to go by, they had better get in quick. Dogeverse could be the next GME stock.

Keep in touch with developments on the project’s X/Twitter and Telegram.

Visit Dogeverse Here

Wiener AI (WAI)

A new meme coin presale called Wiener AI (WAI) is staking itself as potentially the next GME stock.

The Sausage dog-themed meme coin offers a suite of handy AI trading capabilities and has already raised over $1 million.

Interested investors may want to move quickly, as the WAI price will rise when the presale reaches $1.7 million.

Currently priced at $0.000706, investors are buying WAI at a market cap of under $50 million and could be looking at gains of 100x or more if WAI becomes a market leader.

20% of the supply has been allocated to staking rewards, and investors are currently earning a massive 566% APY, as per the project’s official website.

How staking your $WAI feels.

— WienerAI (@WienerDogAI) May 9, 2024

At this rate, investors can double their initial presale investment in just over one month.

Buy WAI Here

The post GameStop Icon “Roaring Kitty” Posts For the First Time Since 2021 – Are These 5 Meme Coins the Next GME Stock? appeared first on Cryptonews.

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