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What is GmeStop (GME)?

GmeStop basic info

Name:GmeStop
Ticker:
Introduction:

What is GameStop (GME)?

GameStop (GME) is a meme coin that pays homage to the GameStop short squeeze in 2021. This meme coin captures the raw energy and immense support that retail investors demonstrated during the GameStop mania, channeling it into a digital asset that symbolizes collective belief and defiance against financial giants. It embodies the spirit of that historic rebellion and the power of the underdog.

How GameStop (GME) Works

To fully appreciate GME, it's crucial to understand the GameStop short squeeze that inspired it. In January 2021, a group of retail investors on Reddit's r/WallStreetBets forum noticed that GameStop, a struggling video game retailer, was heavily shorted by institutional investors. Short selling involves borrowing shares to sell them at a high price, with the intention of buying them back at a lower price to pocket the difference. However, if the stock price rises instead, short sellers face potentially unlimited losses.

Recognizing this, the retail investors began buying GameStop shares en masse, driving up the stock price and causing a "short squeeze." As the price soared, short sellers were forced to buy back shares at much higher prices to cover their positions, further driving the price up. This created a feedback loop that pushed GameStop's stock from around $20 to nearly $500 in a matter of days.

The GameStop saga was a watershed moment for retail investing. It demonstrated the power of collective action and highlighted the vulnerabilities of established financial institutions. Retail investors, often dismissed as "normies," showed that they could stand up to Wall Street and, in some cases, outsmart it.

GME captures the essence of the GameStop rebellion. It is a digital representation of the community-driven movement that challenged financial giants. By leveraging the Solana blockchain, GME ensures fast and secure transactions, making it accessible and efficient for all users.

At its core, GME is a decentralized and democratic cryptocurrency. Unlike traditional financial systems where power is concentrated in the hands of a few, GME distributes power among its holders. This decentralization aligns with the principles that drove the GameStop short squeeze: a belief in the power of the collective and a desire to democratize finance.

The driving force behind GME is its community. This meme coin thrives on the collective will and aspirations of its members. Every holder of GME is a part of a larger movement, a digital force that shapes the future of the coin and its underlying principles. This sense of community is reminiscent of the solidarity seen during the GameStop saga, where individual investors united to challenge the status quo.

GME Goes Live on Bitget

As GME continues to grow, it stands as a testament to the power of the people. It is a symbol of hope for those who dream of a different financial landscape, one where the masses have a voice and a stake. The coin's community-driven approach ensures that it remains a dynamic and evolving entity, shaped by the collective actions and decisions of its members.

Trade GME on Bitget to be a part of the historic financial rebellion now!

How to Trade GME on Bitget

Listing time: May 14, 2024

Step 1: Go to GMEUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell

Trade GME on Bitget now!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

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Current price:
All-time high:$0.03207
All-time low:$0.0004008

GME supply and tokenomics

Circulating supply:6,885,214,000 GME
Total supply:6,885,214,218 GME
Max supply:0 GME
Market cap:$26.71M
Fully diluted market cap:$26.71M

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Buy GmeStop for $1Buy GME now

What is the development prospect and future value of GME?

The market value of GME currently stands at $26.71M, and its market ranking is #886. The value of GME is not widely recognized by the market. When the bull market comes, the market value of GME may have great growth potential.

As a new type of currency with innovative technology and unique use cases, GME has broad market potential and significant room for development. The distinctiveness and appeal of GME may attract the interest of specific groups, thereby driving up its market value.

What will the price of GME be in 2025?
Based on GME's historical price performance prediction model, the price of GME is projected to reach $0.006767 in 2025.
What will the price of GME be in 2030?
In 2030, the GME price is expected to change by -3.00%. By the end of 2030, the GME price is projected to reach $0.009894, with a cumulative ROI of +145.97%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of GME and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is GME worth investing or holding? How to buy GME from a crypto exchange?

If you want to buy GME, the following information may be helpful for your investment decisions:
In the last 7 days, the price of GME has fallen by -22.21%, leading to negative returns for most GME investors. The market is currently pessimistic about the price trend of GME.
It is important to note that the current price of GME has retreated by -87.91% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether GME is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in GME or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of GME, if you want to buy or sell GME, you can consider Bitget for your trading needs. The best place to buy GME is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in GmeStop has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy GmeStop. Here's a step-by-step guide on how to buy GmeStop on Bitget.

How to get GmeStop through other methods?

Using cash to buy GmeStop is not the only way to obtain GmeStop. If you have the time to spare, you can get GmeStop for free.
Learn how to earn GmeStop for free through the Learn2Earn promotion.
Earn free GmeStop by inviting friends to join Bitget's Assist2Earn promotion.
Receive free GmeStop airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to GmeStop through Bitget Convert, Bitget Swap, or spot trading.

What is GmeStop used for and how to use GmeStop?

The use case of GmeStop may expand as the crypto market and the project itself develop. Currently, you can use GME to achieve the following goals:
Arbitrage by trading GME: Since GME is a frequently traded cryptocurrency, the price of GME is always fluctuating. Earn more GME by buying low and selling high on the exchange. Bitget spot market provides a variety of GME trading pairs to fully meet your needs.
Earn by staking GME: You can also generate income through financial management methods such as staking GME or lending GME. Bitget Earn offers a variety of financial products designed to help you earn more income from your GME.
Send or pay GME: If you want to give GME to your friends, a charity, or a fundraiser, or you want to pay someone with GME, you can quickly and easily send GME to the recipient through their payment address.
You can also go to the official website of the GmeStop project to learn more about the use cases of GME. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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