GME vs Dogecoin: Which Memecoin Will Hit $1 First In 2024

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GME vs Dogecoin: Which Meme Coin Will Hit $1 First In 2024 – Crypto News

Published

1 year ago

June 3, 2024

Dripp

Among the thousands of cryptocurrencies, Gamestop (GME) has come forward, putting up a tough fight against the rest of the market. Moreover, it has also challenged the top meme coins like dogecoin, Shiba Inu, and others with its 3094% gains. More importantly, it is on the second-biggest peak and indicates many more. So how high can it rise? up to $1? More importantly, can it beat Dogecoin in that race by achieving the target first? Let us discuss that.

GME Price Analysis

Gamestop is another trending cryptocurrency that has increased the demand for the Solana meme coins. It is presently trading at $0.01487 after a 258% gain in the last 24 hours, with a market cap of $98,639,707. GME is surging after a shallow decline following its previous rally on the 15th of May, where it rose to its all-time high of $0.0219. The ATH target is now just 32% away from its current value. Moreover, with the ongoing bullish nature, GME price might hit the ATH target with its increased demand in the market. It is because the 24-hour trading volume is exploding at $249,152,739 after 1221% gains.

Dogecoin Price Analysis

While GME is surging, Dogecoin is maintaining its value around the monthly average of $0.16. The dog-based meme coin has the highest demand in the categories of meme coins for its years of dominance in the market. At the same time, it has gained community support, including from leaders like Elon Musk, whose company Tesla accepts DOGE for payment. However, despite that, it is far away from its best performances. At the time of writing, Dogecoin is trading at $0.1616 and has gained a 21% increase in its value over May, as the month before that was quite bearish. Moreover, its trading volume is also rising, valued at $756,784,435 after a 51% surge.

Which Memecoin Will Hit $1 First Between GME & DOGE?

Dogecoin has years of presence in the crypto industry, which has helped its investors understand the price patterns and growth potential, but that is not the case with GME. As it’s been only a few months in the market, it is hard to predict how GME will move next. Moreover, Dogecoin has earlier achieved a target of $0.7376, which is closer to the $1 mark. Even now, the Dogecoin price is closer to that compared to GME.

However, Dogecoin’s price is quite stagnant and hasn’t moved much from its average recent, not to even talk about the ATH. But GME is continuously rising and has achieved a lot in the last few months, which also favors the possibility for the meme coin to rise to $1.

In conclusion, both GME and Dogecoin have the profit potential and might achieve the $1 milestone. However, GME has a higher chance of attaining it first than Dogecoin.

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