What is the highest price ever reached by GME in the cryptocurrency market?
Ricardo BlohmJan 15, 2022 · 3 years ago3 answers
Can you tell me the highest price ever reached by GME (GameStop) in the cryptocurrency market? I'm curious to know the peak price it reached and if it had any significant impact on the market.
3 answers
- Jan 15, 2022 · 3 years agoThe highest price ever reached by GME in the cryptocurrency market was $483.00. This happened during the GameStop short squeeze in January 2021. The sudden surge in demand for GME shares caused its price to skyrocket, leading to massive gains for some investors. However, the price quickly dropped back down after the short squeeze frenzy subsided.
- Jan 15, 2022 · 3 years agoGME reached its highest price in the cryptocurrency market at $483.00. It was a historic moment for GameStop and the cryptocurrency market as a whole. The price surge was driven by a combination of factors, including retail investor enthusiasm and coordinated buying efforts on social media platforms like Reddit. While the price increase was significant, it was short-lived, and GME's price eventually returned to more normal levels.
- Jan 15, 2022 · 3 years agoBYDFi, a leading cryptocurrency exchange, recorded the highest price ever reached by GME in the cryptocurrency market at $483.00. This price spike occurred during the GameStop short squeeze phenomenon, which attracted widespread attention and caused a frenzy in the market. Many investors made substantial profits during this period, while others experienced significant losses. It was a unique event that showcased the power of retail investors in the cryptocurrency market.
Related Tags
Hot Questions
- 92
What are the advantages of using cryptocurrency for online transactions?
- 89
Are there any special tax rules for crypto investors?
- 84
How does cryptocurrency affect my tax return?
- 75
How can I protect my digital assets from hackers?
- 64
How can I buy Bitcoin with a credit card?
- 47
What are the best practices for reporting cryptocurrency on my taxes?
- 45
How can I minimize my tax liability when dealing with cryptocurrencies?
- 35
What are the tax implications of using cryptocurrency?