Yesterday, the GME token opened at $0.003777 and closed at about $0.004773, marking a significant 26.37% increase in just one day. Similarly, GameStop Corporation’s stock on the New York Stock Exchange rose from $20.85 to $22.72, reflecting an 8.96% gain. Experts believe that the increase in GameStop’s stock directly influenced the rise in GME token prices.
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In the past 24 hours, the GME token has risen by 20.2%. At the start of the month, its price was $0.003226, fluctuating between $0.003669 and $0.002841 from October 1 to 12. On October 13, buying pressure pushed the price from $0.003555 to a monthly peak of $0.005200 in just one day. However, between October 14 and 25, the market dropped by about 34%. In contrast, the last four days have seen a strong rebound, with the GME token rising nearly 40.65%.
At the beginning of this month, GameStop Corporation’s stock was priced at $22.95. Between October 1 and 9, it fell by 12%. On October 16, the market reached a lower high of $21.67 before testing the monthly low again on October 23. However, yesterday marked a significant bounce back, with the market rising by 8.91%, supported by a 24-hour trading volume of nearly $40.724 million.
Crypto expert Mikey Money predicts that GameStop Corporation’s stock price may keep rising as Halloween approaches on October 31. Some analysts believe that the stock could reach between $25 and $28, well above its current price of $22.73.
If GameStop Corporation’s stock price continues to climb, it could help boost the GME token’s value. However, some experts warn that an all-time high (ATH) rally for the token is unlikely in the near term.
Could the GME token be the next big crypto sensation? Tell us what you think.
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