Like memecoins on blockchain networks, GameStop stock is returning to its normal range. 📉 On May 14, GME shares increased the gaming retailer's market value to $14.91 billion. This range was last seen in November 2021.
Now with a market cap of $6.57 billion, this represents a loss of $8.34 billion for GME investors. However, year-to-date, GME stock has significantly outperformed the S&P 500 (SPX) benchmark, at 11.85% versus 31.67%.
The question on everyone's mind is, could another meme stock rally happen again? 🤔 What do you think? We are waiting your comments!#cryptocurrency#blockchain