Gamestop vs FLOKI; Which Meme Coin To Buy For High Returns

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Gamestop vs FLOKI; Which Meme Coin To Buy For High Returns – Crypto News

Published

1 year ago

June 20, 2024

Dripp

Meme-based cryptocurrencies have been part of the crypto industry for more than a decade. More importantly, it is quite popular among investors for its quick gains and low value. In this category, both the new and the old meme coins have their share to make a market capitalization of $47.6 Billion. This year specifically, investors were more inclined towards meme coins as many offered high returns like the Gamestop, FLOKI, PEPE, and many others. With that comes the question of which meme coin between Gamestop and FLOKI will make high gains in the future.

In this blog, let us analyze the price performance of Gamestop and FLOKI to determine which meme coin to buy for high returns.

Gamestop Price Analysis

Gamestop’s price rally is on a declining spree after setting an all-time high record of $0.03207 just thirteen days ago. At the time of writing, GME price is $0.008465 and has moved 74% from the ATH, following the bearish market conditions. It has a market capitalization of $58,427,817, ranking 559 on CoinmarketCap, and a trading volume of $40,106,695.

Even in such a short span of five months, GME has created quite a community where 100% of its supply is in circulation, and 55,878 holders have it in their portfolio. As Dogecoin has its support from Elon Musk, Gamestop also has the support of Keith Gill (Roaring Kitty), a popular influencer and the reason behind this meme coin’s rally to ATH.

Overall, GME has 53.6% gains since launch, which has dropped quite heavily due to its downtrend.

FLOKI Price Analysis

FLOKI is one of the popular dog-themed meme coins following Dogecoin and Shiba Inu. It has been part of the crypto industry for more than three years now, offering 4929% of gains in total. Just like Gamestop, FLOKI has also created a new all-time high of $0.0003462 fifteen days ago. Now, it has moved 47% away, and the FLOKI price is $0.0001818 after 6% gains in the last 24 hours. Moreover, it ranks 52nd for a market capitalization of $1,738,101,092 with a trading volume of $246,865,868.

In the three-year interval, Floki Inu peaked heavily once in 2021 and twice this year in March and June. The period between 2021 and this year’s March rally has been quite bearish for FLOKI, which heavily impacted the holders. However, the number of these holders has surged quite a lot in the last year, but in recent there has been a decline, indicating decreasing demand for this meme coin. Around 77,709 addresses hold the FOKI token, utilizing almost the total supply of 9.6 Trillion.

Between Gamestop And FLOKI, Which One To Buy?

Gamestop and FLOKI both had their peaks just recently and are facing downtrends, but FLOKI has begun the recovery. Moreover, Floki Inu has been part of the crypto industry for longer and has built hype and demand around itself, which can offer long-term gains. However, GME is new and has built the image of quick gains, not to forget the following falls.

As of now, both these options are fine to be part of any crypto investor’s portfolio, but one serves the best in the long term and the other in the short term. The individual can buy the one based on their trading style and requirements. More importantly, the trends keep changing, especially for meme coins, and proper technical analysis is necessary to make any investing decision in the crypto market.

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