Gamestop Stock Price Prediction – Will GME Reach $1?

As the cryptocurrency market battles to recover from the recent repeated crashes, which have led to lethargic price moves for the biggest cryptocurrencies, Bitcoin and Ethereum, the community needed some enthusiasm to break through the “boredom.” GameStop (GME), whose value surged by more than 1800% recently, has ignited a renaissance for meme coins. Will the Solana-based memecoin reach $1 in 2024 as investor interest in it grows?

What is GameStop (GME) Meme coin?

As a nod to the GameStop saga, Solana’s GME meme coin represents the underdog’s strength and the spirit of defiance against financial behemoths. It embodies a shift in the online community, illuminating the shared conviction and encouragement that characterized the GameStop frenzy.

Memecoin avoids having power concentrated in the hands of a select few by virtue of its decentralized and democratic nature, which it maintains through its open and honest operations. The January 2021 GameStop short squeeze was a watershed moment for retail investment, giving small-scale investors the confidence to challenge Wall Street.

A community may define its future via collective will and goals, and the GME memecoin is a reminder that the power of the people is greater than the power of the people in authority.

Why GameStop (GME) Memecoin Is Pumping?

Return of Roaring Kitty Drives GameStop to Near 3-year Highs

On Monday, Keith Patrick Gill, better known online as Roaring Kitty, took to Twitter once again. The legendary 2021 short squeeze of GameStop stock was inspired by the financial expert who was a prominent contributor on the forum r/wallstreetbets.

Stocks in iconic companies like AMC and GME have been rekindled by the famed trader’s unexpected return after a nearly three-year absence. Market activity on the New York Stock Exchange came to a standstill due to the NYSE: GME’s 150% gain in the past two days. There have been 24.6 million views on X for the Tweet from the seasoned trader.

Gamestop Price Analysis

The value of one GameStop currency, GME, surged by 3011.05% in the previous few days, hitting a new all-time high of $0.02063, before tumbling by 22.11%. Despite the ups and downs, GME is still at $0.01611 with a market size of $110.9 million, ranking 395th among cryptocurrencies on CoinMarketCap.

The 24-hour trading volume for the token was $183.8 million, indicating a significant degree of trading activity. Based on the total quantity of 6,885,214,218 tokens in circulation, GME’s fully diluted market cap reveals the potential impact of market movements.

Gamestop Stock Price Prediction

The price movement of highly volatile assets, such as NYSE: GME, is notoriously difficult to predict. Regardless, the stock has soared to its greatest level since June 2021 because to the recent rally. When compared to its April lows, this represents a rise of about 400%.

There have been several rejections in the past, and the price is currently trading above the $48 resistance level. If bulls are able to turn this level of resistance into support, the Gamestop stock price prediction might turn quite bullish. If the price reaches $85 barrier, bulls may feel confident enough to attempt a short squeeze.

Even though memecoin is all the rage, not many cryptocurrency analysts have predicted where its value will go from here. For 2024, $0.019853 is the average that several analysts have predicted; for 2025, $0.028191; and for 2030, $0.18636. But there are other analysts who predict that GME will rise in price to $0.4433 in 2024, $0.7614 in 2025, and $1.98 in 2030.

Memecoins and GameStop stock have risen since Keith Gill’s comeback. Due to reduced short holdings, analysts are uncertain if it will cause events similar to those in 2021 to unfold again. Consumers might not act in the same manner now that their financial situations are different. Some in the crypto community are hoping for a return to the retail trading frenzy, but others are more wary of the speculative dangers involved. Though Robinhood and similar platforms may entice new purchasers, it is wise to exercise caution.

Conclusion

In 2024, it’s hard to imagine GameStop (GME) Meme Coin reaching $1. The coin’s popularity has skyrocketed thanks to meme stocks, but if price projections hold, it could not be able to reach $1 in the allotted time. It is also unclear whether such a price milestone is achievable in the near future due to the regulatory landscape, unpredictable market dynamics, and retail trading enthusiasm regarding meme currencies.

How to Trade Crypto Futures on BTCC?

Now you can trade BTC on  BTCC. BTCC supports a diverse selection of cryptocurrencies for trading. This includes popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and others. BTCC also offers products such as crypto, gold, and tokenized stocks to help investors rationally allocate their assets.

1. Register an Account

Join BTCC now and get up to 10,055 USDT when you deposit and trade. Click the button below to sign up now.

2. Deposit Funds

Once your account is set up, you’ll need to deposit funds into your BTCC account. BTCC may offer various deposit methods such as bank transfers, cryptocurrency deposits, or other payment options. Choose the method that works best for you and follow the instructions provided to deposit funds into your account. BTCC mainly offers USDT margin and future trading. Therefore, you need to buy USDT  before trading.

How to Buy Tether USDT Guide

3.How to trade BTC?

Here are the steps to trade BTC on BTCC

1) First, tap “Futures” on the website homepage

2) Select a product you would like to trade from the list here. BTCC currently offers daily and perpetual futures

3) Check time to settlement.  The settlement time of these futures type is different, you can check the time for settlement for each product here.

4) After choosing product, you can decide whther you would like to buy or sell it.  You only need to own USDT to trade USDT-margined futures.  That is to say you can sell BTCUSDT futures without owing any BTC Coin.

5) Then select your order type, and choose your leverage.

If you choose Limit or SL/TP order, you will need to enter your order price here.

Enter the quantity or choose the percentage under the quantity field.

You can also set up stop loss or take profit targets to limit losses or maximise earnings.

6)After everything is set up, Buy or  Sell to play your order. A confirmation window will show up,  check if all info is correct and click [Confirm] to open the position.