Did you know GameStop’s (GME) cryptocurrency is priced at $0.003666 right now? Despite its low price, the digital asset has a market cap of $25.24 million. In the past 24 hours, it saw a trading volume of $10.75 million1. This shows the growing interest and movement in the GME cryptocurrency space.
Recently, the GME coin’s price went up by +4.25%, showing signs of an upward trend1. But its past performance is mixed. In the last 30 days, it gained +37.47%. However, it dropped -34.63% and -47.26% over the past 60 and 90 days, respectively1. This makes the GME coin’s journey quite unpredictable for both traders and investors.
It’s key to keep up with the latest GME coin price trends and market movements. For both experienced traders and those new to cryptocurrency, understanding these ups and downs is crucial. This knowledge can help you make smarter investment choices in GameStop’s cryptocurrency.
Key Takeaways
- The current price of GME coin is $0.0036661.
- GME boasts a market cap of $25.24 million and a 24-hour trading volume of $10.75 million1.
- GME coin experienced a +4.25% price increase in the last 24 hours1.
- In the past 30 days, GME appreciated by +37.47%, while it fell by -34.63% over 60 days, and by -47.26% over 90 days1.
- Staying updated on GME cryptocurrency trends is essential for informed investment decisions.
Understanding GameStop (GME) Cryptocurrency
The GameStop cryptocurrency, called GME Coin, is making big waves in the world of digital money. It started with the well-known video game store, GameStop. This has caught the eyes of both gamers and investors.
What is GME Coin?
GME Coin is a new type of money for the gaming world. It links gamers with new financial chances. It uses technology called blockchain to let players earn, trade, and use it. You can find GME Coin on many places online to buy it. This makes it easy and useful for people.
History and Development
GameStop wanted to improve its business by entering the digital currency world. That’s how GME Coin started. It quickly got popular, with over 15,000 people owning it in just a week. By March 2, 20242, more than 20,000 people had it. On January 28, 20243, it became easier to trade GME Coin because of a new option on Raydium.
Market Position and Ranking
GME Coin quickly became a big name in the crowded crypto market. On June 7, 20242, its value hit a record of nearly $149 million after a huge price jump. Right now, it’s trading a lot, with a value over $134 million. This places it at the 570th spot based on size. It’s growing fast but also sees big price changes.
Looking closer, GME’s success comes from its active community and smart moves. This has boosted its value and how much it’s used.
GME Coin Price: Current Value and Trends
Right now, the GME Coin is priced at about $19.514. Cryptocurrencies like this one can change in value quickly. It’s important for those interested in investing to keep up with these shifts. By looking at the GME coin chart, you get to see how its price moves.
Recent Price Movements
In the last day, GME Coin’s price fell by 0.71%4. This past week, it dropped by 4.69%, showing a downward trend4. Over the month, it’s down by 13.29%, marking a tough period for the coin4. Despite this, the coin’s value has grown by 10.66% in the past year, showing promise for the future4. The GME coin chart gives a clear picture of these changes.
Historical Performance
The GME Coin hit its highest value of $120.75 on January 28, 20214. This peak was due to a lot of trading and excitement among investors. It hit its lowest at $0.64 on April 3, 2020, showing how unpredictable it can be4. Knowing its past performance helps investors plan for what might come next. Also, being aware of its high volatility rate of 2.87% is important for predicting sudden price changes4. The GME coin chart is a great tool to track these historical details more closely.
Market Capitalization and Volume
Currently, GME Coin’s market cap is around $8.32 billion, putting it at a strong position in the crypto market4. Its trading volume is another key aspect, showing how often the coin is bought and sold. On average, GME’s volume is about 11,924,495, indicating frequent trading activity5. Checking the GME coin chart keeps you updated on these figures and helps with comparison.
Also, GME Coin’s beta coefficient is 1.2. This means it’s riskier than other market options but can offer greater rewards4. Regularly looking at the GME coin chart aids investors in keeping up with important data. This way, they can make well-informed decisions during their investment journey.
Where and How to Buy GME Coin
Buying GameStop’s GME Coin can be exciting when you know the right steps. We’ll look at top exchanges for GME, give a buying guide, and talk about safety tips.
Popular Exchanges for GME
You won’t find GME Coin on Binance. But, Coinbase and Gate.io do offer it for trading6. These platforms let you buy GME Coin using cards or SWIFT bank deposits7. Important places to buy GME Coin include:
- Coinbase
- Gate.io
- MXC
Step-by-Step Buying Guide
- Sign Up for an Exchange: Pick an exchange like Coinbase or Gate.io and create an account.
- Add Funds: Put money into your account using a card or SWIFT bank deposit7.
- Select GME Coin: Go to the trading area on the exchange and pick GME Coin. Check the trading pairs like GME/USDT7.
- Make a Purchase: Select an order type (Market or Limit) and buy your GME Coin7.
For those preferring decentralized ways, the Solana network’s trust wallets are a good choice. First, purchase SOL on Binance and move it to your Trust Wallet6. Choose a DEX that supports your wallet and swap your SOL for GME tokens6.
Security Considerations
Security is key with crypto. Stick to reputable exchanges and wallets like Metamask for DEX7. Watch out for scams and use GameStop’s official smart contract address6. Turn on two-factor authentication (2FA) and keep your private keys secret.
Follow these guidelines and safety tips for a smooth GME Coin purchase on a trustworthy exchange.
Latest GME Coin News
In today’s fast-moving digital currency world, staying updated with gme coin news is essential. The gme cryptocurrency is priced at $ 0.003617. It has a 24-hour trading volume of $ 13.77M8. This shows the coin’s active nature and its role in the cryptocurrency market.
GME’s market cap is now $ 24.90M8, making it a key player in the digital currency field. The circulating supply of GME is 6.89B8, identical to its total supply. This points to the coin’s extensive circulation and broad use.
GME reached its highest price at $ 0.031511 on June 7, 2024. Its lowest was $ 0.000411 on May 1, 20248. With a 37.77% rise in the last month8, the coin shows promise for profit and investor interest. GME is available on 20 exchanges, like gate.io and MEXC8.
Looking at the bigger picture, GameStop’s market cap is $8.321 billion. Its 52-week trading range is $9.95 to $64.83, with an average of 11,924,495 shares traded9. GameStop has $4.2 billion in cash and a debt/equity ratio of 12.17%9. These numbers shed light on GameStop’s financial state and affect how investors see the gamestop cryptocurrency.
The latest in gme cryptocurrency is linked with GameStop’s strategic moves and the market’s overall conditions. Keeping up with gme coin news helps make informed choices in this lively market.
GME Coin Value: Factors Influencing Its Price
The value of GME Coin depends on market supply, demand, and what investors feel. It’s important to know these factors if you’re thinking of investing or trading GME Coin.
Market Supply and Demand
The supply and demand rule is vital to the gme coin price. With the crypto market over $2 trillion, small changes in coin availability matter a lot10. There are eight times more tokens than coins, making supply and demand even trickier10. Mostly, Ethereum and Binance Smart Chain host these tokens, covering 85% of this space10.
Investor Sentiment
How investors feel plays a big part in GME Coin’s market movement. Successful cryptos like Dogecoin (DOGE) and Shiba Inu (SHIB) show how social media and community support can drive investment11. The value of GME Coin is also shaped by its unique features, marketing, and the current market mood11. The story of the Axie Infinity Shard (AXS) token, which spiked then dropped dramatically, shows how fast investor sentiment can change10.
Comparing GME Coin to Similar Cryptocurrencies
Looking at GME Coin’s place in the cryptocurrency world is key. We compare it to others to see how it stands. This helps us understand its performance, uses, and market position.
One point of comparison is with meme coins like Dogecoin and Shiba Inu. Dogecoin’s market cap is $14.42 billion, priced at $0.09854. Shiba Inu’s market cap is $7.97 billion at $0.00013512. GME Coin’s place is shaped by its unique support and community.
GME Coin also stacks up against utility tokens. Decentraland (MANA) and The Sandbox (SAND) are big in the metaverse. Early 2023 numbers had Decentraland at $735 million and The Sandbox at $772 million13. This shows GME Coin is in a tough race and must innovate to stand out.
Smaller altcoins like Bonk and Floki also create competitive spaces. They have market caps of $1.19 billion and $1.17 billion, respectively12. Their lower prices present different investment options within the GME Coin market.
Market cap is vital when looking at gaming tokens. Axie Infinity (AXS) is at $746 million, and Enjin Coin (ENJ) is at $288 million13. GME Coin uses GameStop’s strong brand to gain an edge in the market.
Here’s a comparative table that highlights the market capitalization and prices of various notable cryptocurrencies:
| Cryptocurrency | Market Capitalization | Price |
|---|---|---|
| Dogecoin (DOGE) | $14.42 billion | $0.09854 |
| Shiba Inu (SHIB) | $7.97 billion | $0.000135 |
| Bonk (BONK) | $1.19 billion | $0.00001709 |
| Floki (FLOKI) | $1.17 billion | $0.0001223 |
| Decentraland (MANA) | $735 million | N/A |
| The Sandbox (SAND) | $772 million | N/A |
| Axie Infinity (AXS) | $746 million | N/A |
| Enjin Coin (ENJ) | $288 million | N/A |
This comparison highlights GME Coin’s unique place. With a solid background and active support, it aims at a broad market. This insight aids in smart investment and strategy choices.
GME Cryptocurrency in the Market: Key Metrics
Looking at core metrics shows the strength of GME Coin’s place in the market. You see important signs like liquidity and trade volume. These points show how much people are interested and how stable and healthy the market is.
Liquidity and Trade Volume
Liquidity is about how easily GME Coin can be bought or sold without changing its price much. If a coin has high liquidity, it means it’s easier for people to buy or sell without hassle. A notable increase in gme coin exchange activities shows this clearly. This rise in liquidity usually means more people are trading, showing strong investor interest14.
For example, when GME Coin trades a lot during busy times, it shows a big interest. This is a good sign for gamestop cryptocurrency because it means more people are getting involved. Trade volume tells us how much of the coin is being traded and helps explain market behavior15. If there’s a lot of trading, it means people are really interested and believe in the coin14.
Why do these metrics matter? They can change how stable the coin’s price is and how people feel about it. For example, if a lot of trades happen suddenly, it could mean big changes for the coin’s price15.
Knowing how gme coin exchange liquidity and trade volume connect helps anyone looking to invest. By understanding these metrics, you can decide better on how to handle your investments. It’s about making smarter choices about where to put your money.
To stay in the loop, keep watching the GME Coin Chart and market news. Watching these regularly helps you get the market mood. This can lead you to make better choices about your investments.
Analyzing the GME Coin Chart
Studying the GME coin chart is key for traders to decide wisely. By using technical analysis tools and knowing price patterns, one can see what might happen next with prices. Now, the price of GME stands at $0.003625. It rose by 4.77% in one day and fell by -14.77% in one week16.
Technical Analysis Tools
Technical tools are vital to predict where the market will go. The Bollinger Bands put GME at $0.0084, close to its top limit, which might mean it won’t rise much more17. The Relative Strength Index (RSI) hints at strong momentum with a value of 56.7417. The Moving Average Convergence Divergence (MACD) also supports a growth outlook17.
Price Patterns and Predictions
Spotting price patterns on the GME coin chart can help with smart trades. Past data suggests GME might reach $0.023 by 2026, growing by 85.50%16. Future price guesses look good too, with a rise to $0.03581 expected in 203016 and a high of $0.4162 by 204017.
These predictions show that even with possible lows, like a drop to $0.0004065 in 2024, GME has a bright future. Its price could soar to $0.109 by 20301617. This highlights why it’s crucial to keep a close eye on the GME coin chart for good investment chances.
GameStop’s Strategy and Its Impact on GME Coin
GameStop’s strategy is very important for the future of its cryptocurrency, GME Coin. The company’s actions and news often influence the price and how investors feel. These factors directly affect the market.
Corporate Moves and Announcements
Recent moves by the company have greatly affected the value of GME Coin. For instance, a legal issue with CEO Ryan Cohen made GameStop’s price drop 3% in a day. The GME Coin’s value also went down18. GameStop’s earnings dropped to $798.3 million from $1.16 billion last year, showing a big drop19. However, with over $4.1 billion in cash, GameStop can handle market ups and downs and keep investors calm19.
News, like the actions of meme stock promoter Roaring Kitty, are important too. Roaring Kitty’s comeback in May caused GameStop’s stock to jump 74.40% in one day18. These events can make the GME Coin’s market go up or down.
Community and Ecosystem Support
The community’s support and the larger ecosystem are key for GME Coin’s direction. When Roaring Kitty shared he owned nine million GameStop shares, it pushed the stock higher. His unrealized gains reached $85 million20. This kind of news makes investors more confident, helping GME Coin do better.
Efforts by the community to back GameStop have helped GME Coin stay strong. For example, Reddit has played a big role in catching people’s interest in GameStop’s stock19. Community involvement is vital for keeping interest in GME Coin alive.
The support goes further than just investor actions; it includes talking about the company’s plans for the future. This strong support from the community is essential. It gives GME Coin the stability and drive it needs. With this ongoing support, the GME cryptocurrency is on track to be a big name in the digital currency world.
Buy GME Coin: Best Practices
Getting into GME Coin investment requires knowing the best moves. We’ll share key points for both timing the market and long-term strategies. These tips will guide you to wise investment choices.
Timing the Market
Choosing the right time to buy GME Coin can increase your profits. Cryptocurrencies are very unpredictable. It’s important to keep up with market trends and price changes. Use detailed guides and recent market analysis to pick the best investment moments21. Sites like Binance and Coinbase provide current data that’s very helpful for this.22
Long-Term Investment Strategies
Building a strong long-term plan means doing lots of research and checking on your investments often. Don’t put all your money in one place. Keep an eye on GameStop’s actions as they can affect GME Coin’s value21. For extra safety, keep your GME Coins in a private wallet, not on an exchange22.
It also helps to know how to buy GME Coin on platforms like BYDFi. This involves creating an account, getting verified, adding funds, and buying the coin. Each platform might have different steps, but following these essentials will protect your investment22.
Risks and Challenges Associated with GME Coin
Investing in GME Coin comes with significant risks. A major concern is its volatility. The value of GME Coin can change wildly. For example, it once dropped more than 50% in one day. It also soared over 1800% in three days when Roaring Kitty made a comeback23. These swings in price show the risks of GME Coin. They can be worrying for those seeking stable investments.
Volatility and Market Risks
The value of GME Coin is very unpredictable. This reflects the risks of investing in cryptocurrency. In 2021, GME’s price jumped from $4 to $81. Then, it fell down to $10 by 202423. This isn’t just about GME Coin. The whole meme coin market went up to $55 billion. It reached a daily trade volume of $10 billion23. This shows how uncertain these investments can be.
Regulatory Concerns
The rules around cryptocurrencies also pose big challenges. Europe is planning new rules for “authorized stablecoins”24. Also, big companies like Fidelity International are moving towards using blockchain. This shows more people are using it but also brings up more rules24. Investors need to keep up with these changes. They could really impact the value of GME Coin.
Overall, GME Coin could bring high returns. But, the risks and rules around it need careful thought and attention. Knowing these issues is key before investing in GME Coin. Be ready for its price to go up and down a lot.
For more info on how these challenges affect the crypto market, check out this article on the regulatory scene.
The Future Outlook for GME Cryptocurrency
The future looks bright for GME coin, with positive price trends and growth outlooks ahead. It is now valued at $0.00362 but is expected to climb significantly in the future25.
Projected Price Trends
Experts believe the gme coin price will go through big ups and downs over ten years. By 2026, it might hit a high of $0.0121, averaging around $0.010925. Come 2027, predictions say it could double, reaching $0.0158 to $0.016425.
Looking further, its value might exceed $0.0379 by 2031. There’s even talk of it hitting $0.0706 by 203325.
Growth Opportunities
Many factors make GME cryptocurrency’s future look hopeful. Experts think it could grow by 1,903.43% to 203026. GameStop’s smart moves and community support are key. Come September 2024, we might see a 5.70% price bump to $20.6326. Then a 64.80% jump to $32.16 by 202526.
For long-term investors, GME cryptocurrency promises good news. Its past performance and expected growth suggest big returns. This knowledge can help investors make smarter choices.
Check out GME price forecast for more on price predictions and insights26.
Community and Developer Support for GME Coin
The gme cryptocurrency has grown quickly due to strong support from its community and developers. The GameStop (GME) token made a whopping 5,500% profit in just a month, showing how much its backers believe in it27. Also, a tweet from Keith Gill, or TheRoaringKitty, caused the GameStop token’s price to jump by 200%, pointing out the influence of key community figures27.
In the past month, the GME token’s value rocketed by over 700% thanks to the hard work of its developers28. They keep the project fresh and exciting. For example, when Gill announced a live stream on YouTube, the price of GME tokens soared by over 500%. This shows the big impact that developers and community actions have on the token’s value27.
Important numbers also show how crucial an active community and dedicated developers are. GME’s trading volume spiked by 374.48% in just 24 hours because of high participation and support from the community29. Moreover, GameStop’s RSI was at 78.68, indicating a market driven by enthusiastic community action27.
Looking ahead, the future for gme cryptocurrency seems bright, fueled by ongoing support from both the community and developers. Predictions say it might go up a lot in 2024, possibly reaching $0.015, which would be a 3.5x increase from its current average28. This strong backing from both sides ensures GME Coin will keep innovating and thriving.
Conclusion
As you explore the world of cryptocurrencies, keeping up with the gme coin price and trends is crucial. The GameStop cryptocurrency has seen huge price changes. For example, it went up by 1600% and then fell by 45% in one day. This shows how unpredictable it is30. Knowing about these ups and downs can help you make smart choices when buying gme coin.
The supply, demand, and how investors feel about GME Coin greatly affect its value. At one point, trading volumes soared by 374.48%, but then dropped to 3%30. Watching these factors is key to guessing where the market will go next.
GameStop’s jump into digital currency opens doors for both current and future investors. Predictions say the GME Coin could range from $0.0001 to $0.020 by 2025. And it might hit between $0.00001 to $0.030 by 203031. Such possibilities and challenges make it vital to stay informed and understand GameStop’s cryptocurrency fully. This way, you can navigate this exciting but uncertain market with confidence.
