GameStop (GME) stock has surged by 100% pre-market, coinciding with bullish signals observed in prominent cryptocurrencies.
Bitcoin (BTC), Dogecoin (DOGE), and Chainlink (LINK) are all showing positive momentum.
The crypto market has made a strong start to the week, with GameStop (GME) leading the gains with a 100% increase in pre-market trading. Bitcoin (BTC) and JasmyCoin (JASMY) are also among the top performers.
Analysts are pointing to bullish charts in several altcoins, including Bitcoin (BTC), suggesting a potential surge in the crypto market. Doctor Profit, a renowned analyst, predicts a bullish pennant for BTC, with a target of $86,000.
Dogecoin (DOGE) has drawn attention due to its prolonged sideways movement, which has historically preceded rapid upward surges. Analyst CryptoKaleo believes DOGE has a high conviction and could potentially outperform Bitcoin (BTC) in the current cycle.
Chainlink (LINK) holders are also expressing optimism following the announcement of 12 new integrations across six prominent blockchains.
In related news:
- BlockDAG's recent software update has resulted in a 750% surge in the value of its BDAG token.
- FLOKI has outperformed several other cryptocurrencies, taking the top spot on LunarCrush's AltRank.
- The memecoin PEPE has reached a record high market capitalization, raising questions about its potential impact on other memecoins like DOGE and SHIB.
- The recent liquidation of Chainlink tokens has sparked speculation about its future trajectory.
- Analysts predict a potential bullish move towards $18 for Chainlink based on favorable market trends.