- GameStop’s stock surge sparks renewed interest in altcoins, recalling the 2021 rally pattern.
- GME’s value jumps 73.68%, boosting its market cap and attracting investor attention.
- Indicators show strong buying pressure and bullish momentum for the GME token.
Retail investor darling GameStop (GME.N) has seen its stock soar for the third consecutive day as posts from Keith Gill, known as “Roaring Kitty,” have sparked chatter about his return to the forefront of the meme stock frenzy. This surge has reignited interest in the potential ripple effects on the cryptocurrency market, particularly altcoins.
As reported by Watcher Guru, GameStop’s stock outshined Bitcoin’s annual returns in a single day on Wednesday. This impressive performance has brought back memories of the 2021 meme stock rally. During that cycle, an altcoin surge followed the GameStop short squeeze. Historical chart patterns suggest a similar setup might be forming, raising hopes among crypto enthusiasts.
Experts Eye Altcoin Surge
Crypto analyst CryptoAmsterdam highlighted this potential in a May 14 post on X (formerly Twitter), pointing out that the GameStop event catalyzed the 2021 altco…
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