GameStop, a leading video game retailer, is currently mulling over exploring crypto actively in the latest market development. The firm is exploring the next asset class while weighing in on use cases of cryptocurrency deployment in its vast gaming business. The news has led the GME stock to note a high-value surge, with its stock rising 20% and more. Will such cryptocurrency investments help GME make significant headway in the global game markets? Let’s find out.
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GameStop Mulls Over Cryptocurrency: What’s Happening?
GameStop is currently weighing the pros and cons of embedding cryptocurrency in its video game retailing strategy, CNBC confirmed. The video game giant is currently thinking of investing in alternative asset classes, possibly exploring Bitcoin and other crypto assets to bolster its presence in the market.
Citing three sources, CNBC shared that the official confirmation is yet to arrive; however, the firm seems to be in the process of gauging a befitting use case to embed crypto in GME’s video game retail strategy.
GameStop’s CEO Ryan Cohen was earlier documented meeting Michael Saylor, former CEO of MicroStrategy (now Strategy). The news of Gamestop exploring crypto has already helped GME stock soar to new highs, rising 20% in the process.
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GameStop Stock Prediction
With the rising cryptocurrency narratives, GME’s cryptocurrency stint is not surprising but is deemed a welcoming move on X. Per CoinCodex, GME is eyeing a high price spot of $31, which it may achieve around May 2025.
“According to our current GME stock forecast, the value of GameStop shares will rise by 22.78% and reach $31.91 per share by May 14, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 39 (fear). GME stock recorded 13/30 (43%) green days with 8.67% price volatility over the last 30 days. Based on the GameStop stock forecast, it’s now a good time to buy GME stock because it’s trading 17.55% below our forecast, and it could be undervalued.”
By the end of the year, GME stock may seek a stabler stock outlook, trading at $27 in the process.
“According to our current GME stock forecast, the value of GameStop shares will rise by 0.59% and reach $ 26.14 per share by December 31, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 39 (fear). GME stock recorded 13/30 (43%) green days with 8.67% price volatility over the last 30 days.
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