Meme coins surge after social media post by Roaring Kitty, sparking a potential ideological shift in the crypto market.
This echoes the GameStop short squeeze, suggesting a retail investor movement challenging traditional finance.
New meme coins emerge, inspired by GameStop and cats, with some experiencing significant price jumps.
In a recent analysis by Crypto Banter, a significant development is explored, transcending the cryptocurrency market and representing a broader ideological shift. The study focuses on a resurgence sparked by an X post from Roaring Kitty, alias Keith Gill, known for his role in the GameStop short squeeze.
Gill’s X post signals a return to prominence, reigniting faith in meme coins and suggesting potential significant impacts on the crypto market.
Return of the Memecoins!
Within the span of a mere 24 hours, we witnessed a remarkable surge in the realms of Floki, Pepe, and Dogecoin, all propelled by the winds of social media. But this surge wasn’t confined to the microcap arena alone. Data unveils a broader narrative, showcasing significant upticks in larger tokens like Pepe (PEPE), Floki (FLOKI), Popcat (POPCAT), and Mog (MOG), each witnessing a meteoric rise of up to 30% within the same timeframe. It was a clear signal that the crypto markets had shed their lethargy, embracing risk once more after weeks of stagnation.
Drawing parallels to the GameStop revolution, where retail investors challenged Wall Street hedge funds, Crypto Banter suggests that this movement could be even more substantial, with implications for both the altcoin and meme coin markets.
Here Are Your Top 10 Meme Picks for the Season
GME Coin
A cryptocurrency inspired by the GameStop stock frenzy, symbolizing resistance against traditional financial systems. Interestingly, A trader turned $30,000 into over $500,000 with Solana GME memecoin after Roaring Kitty’s return, as per Arkham Intelligence.
GMEWIFHAT
A close cousin to GME Coin, this variant adds a quirky twist with the inclusion of a hat, perhaps hinting at a playful divergence within the meme coin universe.
Kitty Coin
A cryptocurrency is featuring a cat as its mascot, appealing to fans of cat memes and internet culture. KITTY is up +150.44% in the last 24 hours, ranking 3104 by market cap.
GameStop Wif Hat
Another riff on the GameStop phenomenon, this meme coin’s surge of 47,000% in just one day underscores the fervor surrounding these thematic cryptocurrencies.
Keithwif
Similar to GameStop variations, this coin features a character named “Keith” wearing a hat, adding diversity to the meme coin ecosystem.
Dog Memes Coin
While not explicitly named, the analyst suggests that dog-themed meme coins may exist but could underperform compared to cat-themed meme coins, reflecting internet culture preferences.
Popcat Coin
This coin likely features the “Popcat” meme with a mug, adding humor and relatability to its branding.
Toshi Coin
A cryptocurrency named after a fictional or real character associated with memes or internet culture.
CatCoin
Similar to Kitty Coin, Cat Coin is also showing promising signs. As expected, cat coins will do better than Dog-themed coins in this rally.
Tooker
Lastly, he is bullish on Tooker which may represent a fictional or real character tied to memes or internet culture, possibly with political undertones or specific ideological connections. Tooker is now trading at USD 0.062389 with a 24-hour volume of USD 3,249,289.
Ready to jump on the meme train? Which coin has your eye
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