With the entry of new meme coins like GME into the market, the competition for old favorites like Dogecoin has become more intense. Which of these two will be able to reach the $1 mark first? Let’s take a closer look
.
GME Price Analysis
Gamestop (GME) is standing out in the cryptocurrency market, challenging not only Dogecoin but also other meme coins such as Shiba Inu. Currently, GME is trading at $0.01487 after an increase of 258% over the past 24 hours, with a market capitalization of $98,639,707. After a slight downturn, GME reached its all-time high of $0.0219 on May 15. This all-time high is now only 32% away from the current value. In addition, with the current upward trend, the price of GME could reach its all-time high target thanks to the growing demand in the market. Trading volume over the past 24 hours exploded to $249,152,739,
an increase of 1221%.
Dogecoin Price Analysis
While GME is rising sharply, Dogecoin is holding its value around the monthly average of $0.16. This canine-themed meme coin has the highest demand in the meme coin category thanks to its long market presence and community support, including leaders like Elon Musk, whose company Tesla accepts DOGE as payment. However, despite this, Dogecoin is still far from its best performance. Currently, Dogecoin is trading at $0.1616 and registered a 21% increase in its value in the month of May, after a bearish period. In addition, trading volume is increasing, valued at $756,784,435 with
an increase of 51%.
Which Meme Coin Will Reach $1 Between GME and DOGE First?
Dogecoin has years of presence in the cryptocurrency industry, which has helped investors understand price patterns and growth potential, something that cannot be said for GME, which has only been on the market for a few months. In addition, Dogecoin has already reached the $0.7376 target in the past, getting closer to the $1 mark. Currently, the price of Dogecoin is closer to that level than
GME.
However, the price of Dogecoin is quite stagnant and hasn’t moved much from its recent average, not to mention an all-time high. GME, on the other hand, is constantly on the rise and has reached many goals in recent months, which favors the possibility that this meme coin
will reach $1 first.
In conclusion, both GME and Dogecoin have profit potential and could hit the $1 milestone. However, GME has a higher chance of achieving it sooner than Dogecoin
.