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The GameStop price surged 143% in the last 24 hours to trade at $0.02927 as of 04:04 a.m. EST on trading volume that skyrocketed 348% to $341 million.
The jump in the GME price came after Keith Gill, popularly known as Roaring Kitty on X, provided an update on his massive bet on GameStop stock. A new screenshot posted on Reddit shows that Gill’s stock and options positions are now valued at $586 million combined.
Roaring Kitty, DeepFuckingValue has updated his GameStop, $GME position.
He is worth now over $586 MILLION, with a 219% gain so far. pic.twitter.com/OM7nMayCvZ
— unusual_whales (@unusual_whales) June 6, 2024
He also announced a YouTube livestream for today, Friday, June 7. After his post, GME shares saw a 47% increase as the Solana-based meme token, which also uses the GME ticker, jumped over 143% to reach a new all-time high (ATH).
Gill, known for his pivotal role in the GameStop short squeeze in 2021, sparked a frenzy in the meme coin market last month after he posted on social media for the first time in three years.
GME has been able to soar above the symmetrical triangle pattern as the bulls use the $0.01493 support level to push the token to a new ATH at $0.03189, data from GeckoTerminal shows.
GameStop Price Prediction – A New ATH Incoming?
The GameStop price bulls have been able to capitalize on the symmetrical triangle formed at the beginning of June to keep propelling the token’s price above the $0.01493 support level.
GME trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), with the 50-day SMA acting as the immediate support level at $0.01493.
Moreover, the Relative Strength Index (RSI) shows that investors are currently in a buying frenzy, as the RSI soars past the 50-midline level to the 70-overbought region, currently at 76.
The Moving Average Convergence Divergence (MACD) is also bullish, with the blue MACD line crossing over the orange signal line, forming a bullish crossover. With the green bars on the histogram forming over the neutral line, GME is currently on a positive momentum, which could push it to a new ATH.
The main technical indicators show that GME is set to soar to a new ATH above $0.050, as long as the bulls maintain the price movement above the $0.01493 support level.
However, with the RSI and MACD showing that the asset is highly overbought, investors may start booking profits, which may push GME slightly back to its support zone.
As the GameStop price surges, so, too, are funds pouring into the new DOGE derivative presale called PlayDoge. In what has been an explosive start, PLAY has already amassed over $2.9 million in funds raised in just 10 days since its launch.
PlayDoge Presale Raises Over $2.9 Million
PlayDoge (PLAY) is a mobile-based play-to-earn (P2E) game that transforms the DOGE meme into a Tamagotchi-style virtual pet, which allows users to earn $PLAY tokens.
The project’s mascot, PlayDoge, is a virtual dog that acts as a P2E companion. Through its P2E mechanics, the project allows players to earn rewards by caring for their pets. Users can also take the pet on adventurous journeys, earning $PLAY tokens in the process.
Don’t ghost your #Doge or it’ll die 👻
Feed your Doge, earn rewards, and level up. No mazes, just fun!#Presale has launched! 🙌#PlayDoge #P2E #Memecoin pic.twitter.com/Fp2sFwycpj
— PlayDoge (@PlayDogeGame) May 31, 2024
PlayDoge is a project that functions on the BNB Smart Chain, created by the world’s largest crypto exchange, Binance. This give it transaction efficiency and ensures the seamless integration of gaming activities.
Token holders can stake $PLAY to earn an impressive annual percentage yield (APY) of 108%.
According to Jacob Bury, a crypto analyst on YouTube, $PLAY could potentially soar 10X after its launch.
You can buy $PLAY tokens for $0.00504 each. With a price hike coming in less than two days, buy soon to lock in the best deal.
To join the presale, buy $PLAY from the official website here using BNB or USDT. You can also use a bank card.
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