Polygon & Avalanche Up 10% in Q4: Can GameStop Memes Presale Break Internet With Musk Hype?
Ripple's triumphant stand against the SEC reignited the crypto flame following a chilly season. Yet, by September 2023, the market touched a low, with volumes across spot and derivatives plummeting to $1.4 trillion — a stark 60% drop from the previous year.
Historically, Q4 has been a beacon of hope, and true to form, Bitcoin has surged by over 7%. Fueling the optimism, Polygon (MATIC) and Avalanche (AVAX) kicked off October with a bang, boasting a 10% gain in just a week.
Interestingly, the 2021 internet sensation GameStop Memes (GSM) is clawing its way back to social media hype in the form of crypto presales. Let’s take a deep dive into crypto news updates and unravel the mystery.
Polygon 2.0 Hype Vs AVAX’s Grip On SocialFi
Polygon as always is making strides in the crypto world. Its latest updates emerge as a beacon of hope for its ecosystem. For instance, the activation of POL contracts on the Goerli Testnet not only shows Polygon's unwavering progress towards its 2.0 version but also promises a more sophisticated token mechanism.
Amid the shadows of the market's recent lows, this advancement by Polygon hints at a brighter future, potentially driving the coin's 10% uptick since October began. The introduced proposals, especially around the token-burning mechanism and POL's new role as the primary gas and staking token, suggest an intention to create a more deflationary, high-demand token model.
While Polygon is making strategic moves, Avalanche is winning the hearts and attention of people with SocialFi, but its declining revenue raises concerns.
As the realm of social finance expands, Avalanche's foray into the SocialFi sphere is epitomized by dApps like StarsArena, which has taken the crown as the fastest-growing application on the platform. This momentum further garners support from Trader Joe's, another rising star in the Avalanche ecosystem, evidencing a trend of promising growth.
However, like a sudden cold front, Avalanche's overall activity experienced a chilly downturn, reflecting a decrease in daily active users and overall transactions. This downtrend affected key metrics, such as Total Value Locked and DEX volumes, casting clouds over Avalanche's bright horizon.
In 2023, while top cryptos dipped, meme coins like DOGE, SHIB, and PEPE soared, amassing a combined market cap of $17 billion by October. The origin? The 2021 financial upheaval was instigated by r/wallstreetbets, where GameStop Memes skyrocketed from $17.25 to over $500, reshaping traditional finance perceptions. And now it ventures into the crypto presale with more hype than ever.
GameStop Memes Presale: A New DeFi Era
The GameStop Memes Presale has been stirring waves in the crypto community, with whispers suggesting a potent connection to the Wall Street Memes Team. Now, what makes this connection noteworthy?
Well, it's worth remembering that the Wall Street Memes Team masterminded a staggering $25 million presale triumph in September 2023. Their marketing acumen is nothing short of legendary, managing to catch the ever-elusive gaze of Elon Musk, who found their content irresistible enough to retweet.
This isn't the first rendezvous between Musk and GameStop Memes either. Rewind to 2021, and it was Musk who played a pivotal role in magnifying GameStop Memes' presence, making it a sensation overnight with a simple tweet to his 43 million followers.
If the murmurs turn out to be true and the Wall Street Memes Team is indeed pulling the strings behind the curtain, then the crypto universe might be on the brink of a seismic shift. Aspiring investors, both seasoned and novices, would do well to keep their eyes glued to the presale website. Given the history and the hype, the moment the presale goes live, it's poised to be a digital gold rush.
Three Titans, One Future
GameStop Memes brings its own allure, with whispers of its association with the formidable Wall Street Memes Team and their knack for virality. Each entity, in its own right, represents a facet of the crypto world's potential.
While Polygon and Avalanche seem to be shaping the structural and functional aspects of blockchain, GameStop Memes stands as a testament to the power of community-driven narratives. As these entities continue to develop, they collectively paint a promising picture of crypto's multifaceted future.
Join GameStop Memes:
Website: https://gamestmemes.com
Twitter: https://twitter.com/GameStopMemes
Telegram: https://t.me/GameStopMemes
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