This signal kicked off Altcoin Season 2021 and now it's back! What is that mysterious signal?
Keith Gill (nickname: Roaring Kitty) has returned to X after nearly 3 years of absence. Gill has declared war on Wall Street giants who are short selling GameStop (GME) shares on the brink of bankruptcy in 2021.
With support from the Reddit community, GME stock price has increased nearly 40 times in just a few months. This wave also spread to the crypto market, especially the memecoin group, helping many altcoins increase in price strongly from January 2021.
With Roaring Kitty returning, the community expects this to be the starting signal for the 2024-2025 altcoin season and open up opportunities to increase assets many times over in the following months.
It's too early to confirm Altcoin season, but we're already starting to see Reddit communities unite in FOMO to buy memestock. Cash flow from memestock is also likely to be shared through memecoins and altcoins in the near future if this upward price momentum is maintained.