Dogecoin

COIN

GameStop

Shiba Inu

<p><strong>Keith Gill, the ‘Roaring Kitty,’ stirred the crypto space with his comeback and lifted GameStop Stock to 74.40% in a single day.&nbsp;&nbsp;&nbsp;&nbsp;</strong></p>
<p>A post from Keith Gill’s account seeks the attention of traders and investors as the GameStop (GME) stock surged 74.40% in a single day. The retail trader hinted at his comeback by posting a meme on X, indicating at a big memecoin rally.&nbsp;&nbsp;&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="strong-the-comeback-of-the-meme-stock-guru-strong"><strong>The Comeback of the Meme-Stock Guru</strong></h2>
<p>On May 13, Keith Gill, who went dark on social media on June 19, 2021, publicly appeared through a tweet on X. As he was at the center of the GameStop saga in 2021, his comeback influenced the meme-stock market, especially the GameStop stock.&nbsp;&nbsp;</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="zxx" dir="ltr"><a href="https://t.co/YgjVqtgcNS" rel="noopener noreferrer nofollow">pic.twitter.com/YgjVqtgcNS</a></p>— Roaring Kitty (@TheRoaringKitty) <a href="https://twitter.com/TheRoaringKitty/status/1789807772542067105?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 13, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
<p>Over 10K comments and 23.3 Million views on the tweet showcase his popularity in the meme-stock market. The tweet spiked GME stock price, hitting over $30.45 after a surge of 74.40% in a day.&nbsp;&nbsp;</p>
<p>The influence of the same is observed on other memecoins, including Dogecoin (DOGE), Pepe (PEPE), and Shiba Inu (SHIB). Curb, crypto enthusiasts took to X to discuss the sudden boom in the memecoin world.&nbsp;&nbsp;</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$GME</a> + MEME COIN SUPER CYCLE<br><br>to those saying "bruh what does <a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$GME</a> moving have to do with <a href="https://twitter.com/search?q=%24crypto&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$crypto</a> &amp; Meme Coins"<a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$GME</a> arguably kick-started the 2020 meme run<br><br>profits flew from <a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$GME</a> -&gt; <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a> (see chart)<a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$GME</a> pumping is hugely bullish/risk-on MEME COIN SUPER CYCLE.. RUN IT! <a href="https://t.co/NXQDjzxQPH" rel="noopener noreferrer nofollow">pic.twitter.com/NXQDjzxQPH</a></p>— Curb◎ (@CryptoCurb) <a href="https://twitter.com/CryptoCurb/status/1790098212587508104?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 13, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
<p>Curb compared different <a href="https://www.thecoinrepublic.com/2024/04/22/newly-announced-solana-presale-memecoins-abandoned-in-a-month/" target="_blank" rel="noopener noreferrer nofollow">memecoins</a>, including GME, DOGE, PEPE, etc., and hinted towards a next big memecoin rally.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-is-it-the-meme-stock-time-again-strong"><strong>Is It the Meme-Stock Time Again?</strong></h3>
<p>Gill’s post sparked the memecoin market and spiked a few coins’ prices. GEM, a meme token utilizing GameStop’s name, logo, and ticker, experienced a rise of 318.0%, reaching $0.01113 in a single day.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<p>At the press time, DOGE recorded a spike of 6.5%, hitting $0.1523, whereas SHIB reached $0.00002382 after a 5.3% rise. In the same way, PEPE was trading at $0.00001071 after a 21.6% surge in a day.&nbsp;&nbsp;&nbsp;</p>
<h3 class="wp-block-heading" id="strong-expectations-from-the-q1-2024-earning-report-strong"><strong>Expectations From The Q1 2024 Earning Report</strong></h3>
<p>As GameStop stock outperformed, investors and traders expect something positive from the upcoming earnings report. GameStop’s Q1 2024 earning report is expected on 5 June 2024 with an estimated earning of $0.09 in negative and over $1.045 Billion in revenues.&nbsp;&nbsp;</p>
<p>However, the Q4 2023 earnings and revenue report wasn’t up to expectations, documenting a drop of 25.42% in earnings.</p>

Is GameStop the Dogecoin of the US Stock Market?

Table of Contents

Thecoinrepublic.com

Other articles published on May 14, 2024

Bitcoin price loses steam, but futures markets forecast upside above $70K

Cryptocurrencies That Will Soon Change the World and Make You Rich

19 Million XRP Tokens Transferred: What's Next for XRP?

Joe Biden Orders Ousting Of China-Backed Crypto Mining Firm Near US Missile Base

Binance Extends Backing For PEPE, WIF, ENA, WLD & Others, Price Rally Ahead?

The cryptocurrency market is experiencing a turnaround, is it the right timing to position oneself?

Join our free newsletter for daily crypto updates!