Mirroring the 2021 cycle, the profits from GameStop could spill into altcoins, catalyzing the start of the 2024 altcoin season. Could history repeat itself?
) yearly returns within a day. Could part of the profits find themselves in the altcoin market, similar to the previous bull cycle?On the yearly chart, the returns of GameStop shares are up over 154%, compared to Bitcoin’s over 129% yearly returns, according toMost of GameStop’s returns came during the past two days, with GameStop's price rising over 105% on May 14, as of 2:35 PM in UTC.
In the 24 hours following Gil’s return to X, shares of GameStop rallied as much as 111%, while Dogecoin ( Based on historical chart patterns, the 2021 altcoin rally was catalyzed right after the GameStop rally, according to crypto analyst CryptoAmsterdam’s May 14 X
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