We are already scouting for the most promising altcoins to invest in after Kip Herriage, a partner at Vertical Research Advisory, urged GameStop to allocate $2.5B into Bitcoin.
During an appearance on Fox News, Kip Herriage suggested that GameStop’s Ryan Cohen should consider investing at least half of their $5B into Bitcoin:
‘At least $2.5B should be directed towards Bitcoin right now. The challenge for Ryan Cohen is that he should have made these moves one or two years ago, when Bitcoin was trading between $30K and $50K.’
This isn’t the first time Kip Herriage has voiced this view.
In December 2024, he urged Cohen to emulate Michael Saylor’s MicroStrategy, which currently holds over half a million $BTC.
This news may be enough to invigorate new crypto ventures like Solaxy ($SOLX) and Bitcoin Bull Token ($BTCBULL).
GameStop is Cooking Up Something Major, Potentially Boosting Top Altcoins Soon
Speculation about GameStop’s substantial investment in Bitcoin has been rife, especially after Ryan Cohen revealed a $1.3B convertible bond plan for Bitcoin.
Despite the encouraging news for the cryptocurrency market, GameStop’s stock plummeted by 25%, falling from nearly $29 to just above $21 in a single day. This drop was attributed to several factors, including investor apprehension regarding the investment.
Additionally, Wedbush analyst Michael Pachter remarked that GameStop’s Bitcoin investment isn’t likely to yield results similar to those of MicroStrategy. This is primarily due to the company’s already inflated stock prices:
‘With GameStop trading at over 2x its cash reserves, it’s improbable that converting cash into Bitcoin will enhance its premium further,’ Pachter commented in a note to clients.
This information comes just days after GameStop announced its move to add $BTC as a treasury reserve asset, emphasizing the company’s clear pro-crypto stance.
Nevertheless, GameStop’s performance following a Bitcoin investment shouldn’t significantly influence the crypto market’s reaction. Regardless of whether GameStop’s stocks surge or plummet, the Bitcoin bull remains resilient.
Consequently, we anticipate that the most promising meme coins will make a notable impact this year. Here are three of the most exciting contenders.
1. Solaxy ($SOLX) Enhancing the Solana Network to Reduce Fees
Solaxy ($SOLX) serves as a Layer 2 enhancement for the Solana ecosystem, aiming to address some of the fundamental challenges of Solana’s infrastructure, particularly its transaction speed, high fees, network congestion, and failure rates.
The Solaxy upgrade intends to bundle transactions for infinite scalability, minimizing downtime during network crashes while supporting seamless chain activity during peak congestion times.
Users will enjoy lower fees and quicker transaction confirmations as the roadmap milestones are achieved.
$SOLX qualifies as a meme coin with substantial real-world functionality, leveraging value from both realms. The token currently trades at $0.001678, with the presale raising over $28M so far.
Stakers benefit from an attractive APY of 144%, which is expected to decrease as more participants join the staking pool. If there were ever a coin with potential to skyrocket in 2025, Solana’s first Layer 2 certainly fits the bill.
2. Bitcoin Bull Token ($BTCBULL) Provides Holders Long-term Bitcoin Airdrops
Bitcoin Bull Token ($BTCBULL) is emerging as one of the most exciting altcoins and crypto projects available, as it offers investors Bitcoin airdrops.
This meme coin is predicated on the belief that Bitcoin will surpass the $1M threshold, fostering hype and uniting the community to support that goal.
To achieve this, the project offers various advantages for investors, including Bitcoin airdrops at critical $BTC price milestones ($150K, $200K), and a significant $BTCBULL airdrop when $BTC hits $250K.
Given this, Bitcoin Bull Token transcends being merely a meme project; it possesses legitimate utility by championing Bitcoin and assisting it in appreciating in value.
The presale is currently at $4.2M with a token price of $0.002435 and a staking APY of 99%. If you’re considering buying $BTCBULL, now is the moment. Our price prediction estimates a potential increase to $0.00835 by year-end (a 243% rise from the current price).
3. Keyboard Cat ($KEYCAT) Promising Impressive ROI with Strong Chart Performance
Keyboard Cat ($KEYCAT) is the creation of Charlie Schmidt, inspired by his cherished cat Fatso, which he filmed ‘playing piano’ back in 1984.
The meme gained rapid popularity, leading to numerous imitators over the years.
Although purely a meme project without real-world utility, Keyboard Cat has thrived over decades in the digital sphere and has been present in the crypto market for over a year.
Additionally, its chart performance has shown a consistent upward trend (15.4% lifetime growth) since inception, featuring several substantial spikes along the way.
The most substantial spike occurred in November 2024, when $KEYCAT surged from $0.005094 to $0.0151, marking a remarkable growth of 196%.
Another upward trend is currently underway, with the token seeing a 38% increase in just the past 24 hours.
Will GameStop Ignite the Crypto Market?
If Ryan Cohen chooses to heed Kip Herriage’s suggestion of acquiring $2.5B (or more) in Bitcoin, the entire crypto market could see a significant surge.
GameStop’s interest in Bitcoin has clearly progressed beyond mere discussions, as the company is making tangible efforts to realize its investment objectives. This suggests we might be on the verge of a bull run sooner than anticipated.
Keep an eye on promising upcoming crypto ventures like Solaxy ($SOLX) and Bitcoin Bull Token ($BTCBULL), as favorable developments may be on the horizon.
Remember, this is not financial advice. Always take the time to DYOR (Do Your Own Research) prior to investing and ensure you have a solid risk management strategy before engaging in the crypto space.
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