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📰 GameStop (GME) Frenzy Spreads Into Crypto Meme Coins, Caution Ahead?📰 ➡️ FOMO buying into the GameStop ($GME) meme coin costed three investors thousands of dollars. Analysts advise caution from falling into meme coin trends. The recent frenzy in GameStop (GME) has spread across the cryptocurrency market, especially in the meme coin sector. As the US CPI numbers came in line with the market expectations, a strong rally ensured across all meme coins, especially the top players such as PEPE. Strong Meme Coin Party Amid GameStop Frenzy In Q2, the memecoin sector has outpaced all others in the crypto market, reported on-chain data provider Santiment. Assets such as $PEPE (+100%), $PONKE (+96%), $MAGA (+80%), $TURBO (+78%), etc. have experienced significant surges. Over the past week alone, meme coins have seen a staggering 136% increase in trading volume. Within the meme coin sector, the PEPE Coin has been one of the most outperforming altcoins while hitting a new all-time high earlier this week. What’s more interesting is that the GameStop (GME) meme coin, based on the Solana blockchain, witnessed a 4,000% rally in the last two days. Note that this meme coin has nothing to do with the GameStop company whose stock has registered a 200% gain in the last three trading sessions. Thus, investors need to be more careful while trading the $GME meme coin. In the last 24 hours, the $GME meme coin price has dropped by nearly 50%. Red Flags for Investors On-chain data provider Santiment reported that the frenzy surrounding Gamestop and AMC has significantly influenced the crypto sphere, largely due to shared speculative tendencies. These two companies are currently dominating discussions across cryptocurrency platforms. These spikes often precede shifts in market direction, offering opportunities for astute traders to capitalize on. However, bets made on FOMO could cost dearly to investors. On-chain data provider Lookonchain cited three such traders who lost thousands of dollars by trading in FOMO. Other market analysts are not not quite positive on meme coins.

📰 GameStop (GME) Frenzy Spreads Into Crypto Meme Coins, Caution Ahead?📰

➡️ FOMO buying into the GameStop ($GME) meme coin costed three investors thousands of dollars. Analysts advise caution from falling into meme coin trends. The recent frenzy in GameStop (GME) has spread across the cryptocurrency market, especially in the meme coin sector. As the US CPI numbers came in line with the market expectations, a strong rally ensured across all meme coins, especially the top players such as PEPE. Strong Meme Coin Party Amid GameStop Frenzy

In Q2, the memecoin sector has outpaced all others in the crypto market, reported on-chain data provider Santiment. Assets such as $PEPE (+100%), $PONKE (+96%), $MAGA (+80%), $TURBO (+78%), etc. have experienced significant surges. Over the past week alone, meme coins have seen a staggering 136% increase in trading volume. Within the meme coin sector, the PEPE Coin has been one of the most outperforming altcoins while hitting a new all-time high earlier this week. What’s more interesting is that the GameStop (GME) meme coin, based on the Solana blockchain, witnessed a 4,000% rally in the last two days. Note that this meme coin has nothing to do with the GameStop company whose stock has registered a 200% gain in the last three trading sessions. Thus, investors need to be more careful while trading the $GME meme coin. In the last 24 hours, the $GME meme coin price has dropped by nearly 50%. Red Flags for Investors

On-chain data provider Santiment reported that the frenzy surrounding Gamestop and AMC has significantly influenced the crypto sphere, largely due to shared speculative tendencies. These two companies are currently dominating discussions across cryptocurrency platforms. These spikes often precede shifts in market direction, offering opportunities for astute traders to capitalize on.

However, bets made on FOMO could cost dearly to investors. On-chain data provider Lookonchain cited three such traders who lost thousands of dollars by trading in FOMO. Other market analysts are not not quite positive on meme coins.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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📈 Major Bullish Statement About Shibarium Coins Issued by SHIB Team Rep📈 ➡️ The official marketing lead of the Shiba Inu team, Lucie, has taken to her account on the X social media platform (formerly known as Twitter) to issue an announcement about the SHIB, BONE and LEASH price behavior she expects to see during a hypothetical approaching altcoin season. She explained, for crypto beginners, what an alt season is and revealed the main drivers that cause it to happen. Lucie believes that it is “a fantastic opportunity” for Shibarium, its main coins SHIB, BONE and LEASH, and for the Shib army as well. Alt season explained to SHIB army Bitcoin As it happens, the unique features of Shibarium can attract the attention of a wider cryptocurrency community and its adoption would enhance the ecosystem. A higher trading volume of Shibarium tokens would ensure an increase in liquidity, and trading these tokens would become easier. Lucie assured the community that an alt season is not only about taking profits off the table, but it is also “a chance to showcase #Shibarium’s potential and cement its place in the crypto world.” Here's when Lucie expects alt season to happen Once investors holding Bitcoin see it surging to new highs, they begin to sell to lock in profits. Afterwards, having withdrawn money from the paramount crypto, they begin to invest it into altcoins – they are cheaper to get and promise bigger potential profits. They also begin to look for a cryptocurrency with major potential in the near future. Altcoin prices begin to surge, surpassing Bitcoin’s growth.
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