GameStop, the OG-Meme Asset, Outperforms Shiba Inu and Dogecoin in 2023

GameStop saw a positive turn after almost two years as it recorded a profit in their latest quarter. Although their net sales slightly decreased from $2.25 billion to $2.23 billion in the previous year's fourth quarter, the company managed to earn $48.2 million or 16 cents per share in contrast to last year's loss of $147.5 million or 49 cents per share.

As a result, the value of the company that sells video games saw a significant increase. Specifically, on March 22, its worth went up by 35.24% and finished at $23.87. The good news continued the next day before trading began with a rise of approximately 0.6% and a current price of $24.01.

GameStop has caused quite a stir lately, with everyone talking about it. LunarCrush, a social intelligence platform, reported that GameStop has been incredibly popular this week, experiencing the second-highest level of social activity across all stocks. Moreover, GameStop's social engagements per hour have soared to 18.93 million, and it has received around 2.45k mentions per hour.

Check Out: Major Japanese Platform Set to 'Deal With' Shiba Inu (SHIB) The article is informing readers about a Japanese exchange that is planning to support the cryptocurrency, Shiba Inu (SHIB). The term "handling" has been changed to "deal with" to provide more clarity for English speakers who may not be familiar with the term "handling."

One thing worth mentioning is that there is still a lot of excitement surrounding Shiba Inu. As of yesterday, the number of people talking about SHIB on social media hit a new quarterly high, with over 47,880 contributors. However, Dogecoin's social media presence isn't doing as well. In the last week, the amount of times it's mentioned, how involved people are with it, its overall popularity, and how many people are contributing have all dropped by 13-18%.

Additional Reading: Organizations Sell Off Bitcoin and Ethereum Worth $126 Million, but Invest in Solana and XRP

The Year-to-Date Status of Meme-Assets

GameStop's recent increase in stock value has resulted in year-to-date earnings of approximately 38.7%. In contrast, those who invested in meme coins have not seen as significant a return on investment. The cryptocurrency market experienced a turbulent start to the year with many changes occurring. Unfortunately, the optimistic trend subsided soon after, causing the market to undergo a period of decline.

As of now, the SHIB investors have seen an increase of around 33.7% in their portfolio during this year. On the other hand, the numbers for Dogecoin are not so good and are currently at around 8.6%. Thus, the OG-meme asset GameStop is still leading the race for now.

Check out this article about SHIB tokens and who has burned the most of them!