Global #Dogecoin

GameStop Corp. (GME), the video game retailer turned meme stock phenomenon, experienced a remarkable 24% surge in its share price today, surpassing popular memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) in market capitalization. The unexpected rally has sparked speculation about the possible influence of "Roaring Kitty," the Reddit investor who played a pivotal role in GME's meteoric rise in early 2021.

Galaxy Digital CEO Michael Novogratz has once again reiterated his bold stance on memecoins, labeling them not just as a fleeting trend but as a "cornerstone" of the cryptocurrency industry. This declaration comes amidst a mixed reception from the broader crypto community, with some echoing his sentiment while others remain skeptical.

The memecoin market, known for its volatile nature and often driven by social media trends, has rebounded strongly after a week-long corrective phase. Leading the charge are Dogecoin (DOGE), Pepe (PEPE), and Bonk (BONK), demonstrating a renewed investor interest in these digital assets.

Dogecoin (DOGE) experienced a 2% dip in the past 24 hours, with its price falling to $0.1416. This represents a substantial 10% decrease within a week. DOGE's decline comes as the broader cryptocurrency market faces a 2.5% downturn, following Bitcoin's drop to just over $67,000 overnight.

The cryptocurrency market has seen a growing trend in the popularity of meme coins—digital currencies that start as internet jokes or viral memes. Dogecoin and Shiba Inu are notable examples, experiencing significant value increases driven by social media buzz and investor fear of missing out (FOMO).

Move over Dogecoin and Shiba Inu, there's a new frog in town – and it's hopping mad (with joy)! The memecoin Pepe defied the recent crypto slump this weekend, experiencing a surge in trading while the rest of the market remained stagnant.