There is a recent shift in the meme stocks, while Gamestops and AMC entertainment are performing high, the Roaring Kitties (ROAR)as anticipated by Keith Gill - an Online Persona are stepping the pedestal with upward momentum. Meme coins like Roaring Kitty (ROAR) saw 175% jump in the last week and so are the case of many popular meme tokens in the market.
The anticipation is high for the meme tokens as its expectations are not just doubling, but five times and more doubling against the prominent U.S. dollar. GME, AMC, and Meme Coins markets are flooded with an explosive range of collectibles. Keith Gill's Roaring Kitty Reappearance and Cryptic X are in real life gaining vital investments.
The very initial upward wave was noticed on 14th May 2024. Gamestock and AMC entertainment holdings increased by 75% and 89%. Eventually the Roaring Kitty’s return in the market, didn't face any pullbacks. The video that Roaring Kitty shared left the community buzz with interpretations and decoding.
In the GME frenzy formerly known as SEC, the Chairman Jay Clayton shared his disapproval of the surging hype. From the enormous discussion related to smal investments, and prices drop, the argument was not fairly acknowledged by all. He says this surged up value is bothering him and it also makes him mumble over different levels. This trading mechanism is certainly an investment but a lot closer to gambling. This not only awes Clayton but even if we dig a little deeper and keen - does a Tweet have so much emphasis on investments, Is that the mere investment trigger? - Let's also investigate this perspective.
From the recent data, 22% increased in just two days, the AMC is wailing high with 223% higher than the U.S dollars in the same timeline. This excitement in crypto is very contagious and has reached to several meme coins such as GME, AMC, and Roaring Kitty swirl in surging value in the market.
Without any second thought, this surge has also encouraged Roaring Kitty to release new meme coins. The Wall Street Network has betted on the rise of the speculation to land somewhere around 1,121%.
Can't miss the stats, the ROAR rose upto 175% and the whole of the meme coin market increased by 5.6%. The trend also had a new launch from Solana called the Kitty coin, which witnessed an immediate jump to 130%.
The other meme coin PEPE has also yielded 12% profit in those 24 hours. But the surge from $0.0000118 per coin has dropped by 4%.
This trend has brought new space and possibility for similar meme coins that are undervalued. However, we will have to accept the fact that the surge in the value of the market can never get them close to overcoming the liquidity issues faced by meme coins in general. This makes them volatile and brings the feeling of temporary change.
Meme coins are spreaded long and wide across different cults, genres and more, but what's the potential of it? If that ponders a lot then its import you will have to track its scale and wave. This will help us understand where the bars are growing and sliding. The future that you see is what is real, this can grab you inside meme coin investments, meme coin creations and a lot more opportunities exploring the sector and nesting on the same.
As far and wide our possibilities spread and we look upto the growth the opportunity we expect will eventually create with new trends and technology in this web3 space. Meme coins are a mere example. Just as comical, funny and collectible, now their concepts, ideas, utility and technology revolving around it are more wider and massive.
Hence the bottom line is your call, either you just watch, or write, or create or not give a damn!