GameStop Price Alert: Are NFTs and Cryptos Enough to End Bear Market?

Published by
The Street

By Bret Kenwell GameStop stock has been under a ton of pressure lately. However, the market is selling the news on its NFTs and crypto plan. Forget the employment report. GameStop (GME) – Get GameStop Corp. Class A Report wanted the spotlight on Friday, which helped vault it higher by more than 20% at the open. Driving the gains is the company’s new plan to leverage NFTs and cryptocurrencies. From an earlier piece on TheStreet: “It looks like GameStop’s launch in crypto is going to start with trying to be a leading marketplace for gaming NFT’s,” Hedgeye Risk Management analyst Jeremy Mclean sa…

Read More