Roaring Kitty, the iconic retail stock trader and investor, recently posted for the first time since 2021, reigniting excitement in meme stock and meme coin trading. As traders anticipate a new meme stock season, many are searching for meme coins that could be the next GME stock. GameStop, championed by Roaring Kitty during the 2021 meme stock surge, saw a 70% increase in its stock price on Monday to around $30, with Roaring Kitty’s position reportedly reaching $50 million at its peak in 2021.
The return of Roaring Kitty has not only sparked interest in meme stock markets but has also led to a surge in risk-taking activity within the crypto meme coin space. Several meme coins related to Roaring Kitty, GameStop, and the 2021 meme stock craze are experiencing significant gains. For traders seeking the next GME stock, exploring these meme coins could be an enticing prospect, with potential for high returns in a volatile market.
Dogecoin (DOGE), the largest and oldest meme coin by market capitalization, experienced a 9% increase on Monday, leading traders to speculate that it could be the next GME stock. With a market cap of $22.2 billion, Dogecoin has the potential to reach $1, which would significantly boost its market value. Investors willing to ride the volatility of DOGE could see substantial gains if $1 is reached, making it a promising meme coin to watch.
Shiba Inu (SHIB), the second-largest meme coin in crypto, is also considered a strong contender for the next GME stock. With a dedicated community of over 3.8 million followers, SHIB has the potential to rally to new highs, presenting an opportunity for investors to capitalize on its growth. Another promising meme coin, Slothana (SLOTH), has seen a remarkable start since its launch, growing 550% and garnering a market cap near $100 million. With the potential to become a multi-billion-dollar coin as meme coin appetite returns, Slothana is attracting significant attention.
Dogeverse (DV), a meme coin with cross-chain capabilities launching on the six most used blockchains, excluding Bitcoin, has raised over $15 million in presale. With multi-chain bridge capabilities, Dogeverse aims to be present on all chains that matter, offering investors a unique opportunity to participate in the meme coin space. Additionally, Wiener AI (WAI) is positioning itself as the next GME stock, offering AI trading capabilities and a significant staking reward program for investors. With the potential for massive gains and attractive staking rewards, Wiener AI presents an exciting opportunity for those looking to diversify their meme coin portfolio.
In conclusion, the resurgence of interest in meme stocks and meme coins, fuelled by the return of Roaring Kitty, has drawn traders back to the market in search of the next GME stock. With a variety of meme coins experiencing significant gains and offering unique features, investors have a range of options to explore in this volatile and high-risk asset class. As always, it is essential to conduct thorough research and exercise caution when investing in meme coins, as they can be highly speculative and subject to extreme price fluctuations.
