GameStop price surges 143% as Roaring Kitty reveals $586 million GME holdings and this Dogecoin 2.0 pre-sale rockets to $3 million.

adminJune 8, 2024

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GameStop price has surged 143% in the past 24 hours. Traded for $0.02927 As of 4:04 a.m. EST, trading volume had increased 348% to $341 million.

The surge in GME price came after Keith Gill, popularly known as X’s Roaring Kitty, provided an update on a large bet on GameStop stock. Gill’s stock and options positions are now worth a combined $586 million, according to a new screenshot posted on Reddit.

Roaring Kitty, DeepFuckingValue updates GameStop. $GME location.
He is currently worth over $586 million and has gained 219% year to date. pic.twitter.com/OM7nMayCvZ
— Unusual_Whales (@unusual_whales) June 6, 2024

He also announced a YouTube live stream today, Friday June 7th. Since his post, GME stock has risen 47% for the Solana-based company. meme tokenwhich also uses the GME ticker, jumped more than 143% and hit an all-time high (ATH).

Gil, known for his pivotal role in the 2021 GameStop short squeeze, created a craze in the memecoin market by posting on social media for the first time in three years last month.

GME was able to surge above a symmetrical triangle pattern as bulls used the $0.01493 support level to push the token to a new ATH of $0.03189. gecko terminal It shows.

GameStop Price Prediction – Will there be a new ATH?

GameStop price chart analysis Source: GeckoTerminal.com — GMEUSD Chart Analysis Source: GeckoTerminal.com

GameStop price bulls were able to leverage the symmetrical triangle that formed in early June to continue pushing the price of the token above the $0.01493 support level.

GME is trading well above its 50-day and 200-day simple moving average (SMA), with the 50-day SMA acting as an immediate support level at $0.01493.

Moreover, the Relative Strength Index (RSI) shows that investors are currently in a buying frenzy, with RSI surging above the 50 midline and into the 70 overbought territory (currently at 76).

Moving Average Convergence Divergence (MACD) is also bullish, with the blue MACD line crossing the orange signal line, forming a bullish crossover. With the green bar on the histogram forming above the neutral line, GME is currently showing positive momentum and could move towards a new ATH.

Key technical indicators suggest that GME will surge to a new ATH above $0.050 as long as the bulls keep the price action above the $0.01493 support level.

However, with RSI and MACD showing very overbought levels for the asset, investors may start booking profits, which could push GME back into the support zone slightly.

As the price of GameStop soars, money is pouring into pre-sales of a new DOGE derivative called PlayDoge. Off to an explosive start, PLAY has already raised more than $2.9 million in just 10 days of launch.

PlayDoge presale raises over $2.9 million

PLAY A mobile-based Play-to-Earn (P2E) game that transforms DOGE memes into Tamagotchi-style virtual pets, allowing users to earn $PLAY tokens.

The project’s mascot, PlayDoge, is a virtual dog that serves as a peer-to-peer companion. Through a P2E mechanism, this project allows players to earn rewards by caring for their pets. Users can also take their pets on adventurous trips and earn $PLAY tokens in the process.

Don’t think like a ghost #viceroy Or you will die 👻
Feed your Doge, get rewards and level up. No mazes, just fun!#Ticketing It’s released! 🙌#playdoji #P2E #memecoin pic.twitter.com/Fp2sFwycpj
— PlayDoge (@PlayDogeGame) May 31, 2024

PlayDoge is a project that operates on the BNB Smart Chain created by Binance, the world’s largest cryptocurrency exchange. This provides transaction efficiency and ensures seamless integration of gaming activities.

Token holders can: Stake $PLAY Earn an impressive Annual Percentage Yield (APY) of 108%.

According to YouTube cryptocurrency analyst Jacob Bury, $PLAY could potentially rise 10x after launch.