News Formal

Roaring Kitty returns, putting meme stocks and memecoins back into focus

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 36 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 53%

Companies Nachrichten

Equities,Markets,People

The return of 'Roaring Kitty' has shaken up the equities markets, but could memecoins be next?

The return of “Roaring Kitty” has boosted several so-called meme stocks in the U.S. markets this morning.

Around this same time, traders began piling into Dogecoin, which was trading under $0.01 a share in January 2021 and crossed the $0.50 mark that May before falling back. DOGE currently trades at $0.15. “Crypto is often criticized for not having use cases for the average Joe, and that is a fair comment,” Bus said during a speech at BUIDL Asia in Seoul In March. “But memecoins actually have been successful, consistently, in bringing people on-chain.”

Today, crypto makes up a significant portion of Robinhood’s business. In the first quarter of 2024, crypto trading volumes increased 224% year-over-year to $36 billion. Equity trading volumes rose 40% year over year to $225 billion.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 464. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

GameStop Stock News: Roaring Kitty meme sends meme stocks soaringIt was the meme heard ‘round the world. On Sunday, May 12, Keith Gill posted a meme on X (formerly Twitter) of a man leaning forward in his seat, which is normally used by video game enthusiasts to mean a situation is getting serious.
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »

Return of Roaring Kitty Sends Meme Stocks Into ChaosGameStop, AMC, and Trump Media surged on Monday as a tweet from r/wallstreetbets' most popular Redditor signaled a return to meme stock mania.
Herkunft: Gizmodo - 🏆 556. / 51 Weiterlesen »

Roaring Kitty is back, and so are meme stocksThe man at the center of the pandemic meme stock craze returned to the social platform X for the first time in three years and sent prices of those stocks surging overnight. Keith Gill, better known as “Roaring Kitty,” posted an image on Sunday of a man sitting forward in his chair, a meme used by gamers when things are getting serious.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »