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 Berita

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.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 464. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

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.
Sumber: FXStreetNews - 🏆 14. / 72 Baca lebih lajut »

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.
Sumber: Gizmodo - 🏆 556. / 51 Baca lebih lajut »

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.
Sumber: AP - 🏆 728. / 51 Baca lebih lajut »