Trending Coins – WSM’s new meme token raises $9 million in pre-sale

The billionaire has long had a reputation as a cryptocurrency influencer. According to experts, the value of coins marked by the attention of the richest man in the world is rapidly increasing.

It is impossible not to admit that Wall Street Memes stand out very favorably among other similar projects due to their tokenomics. The issue of WSM is 2 billion coins, and all of them will be available to users. The developers do not support the policy of closed sales.

Instead, 50% of the coins are allocated for pre-sales, another 30% will be used for rewards, and only 20% will go to the listing.

In addition, it is known that especially for subscribers of the project in social networks, as well as for holders of the WSM token, the brand has prepared a special gift – a free distribution of new coins. In the process of airdrop, $50 thousand worth of coins will be distributed among the participants.

Meme trend: why do investors invest in meme coins?

Since the first meme coin appeared, they have become so numerous that they even managed to form a separate niche in the cryptocurrency market. Developers of such koins do not lose their inspiration thanks to funny images that spread across the internet on a daily basis.

Meme coins usually do not have any great value and in practice do not have any real use. However, these facts do not make them less popular at all. Even more so – certain assets continue to grow in value, bringing profits to their holders. The main secret of the success of meme cryptocurrencies lies in the interest of community members in these coins.

The most vivid example of a successful meme token is Dogecoin, whose official patron is the same Ilon Musk. His Twitter post about this cryptocurrency went viral, which allowed the coin to significantly skyrocket in value. Now Dogecoin is one of the leaders of the meme token segment, and its market capitalization exceeds $8.5 billion.

Increased demand for meme tokens

Traders and investors continue to show great interest in meme coins primarily due to the increased degree of volatility and the possibility of rapid growth of their rate. Quite a few cryptocurrency market participants are increasing their profits by trading popular meme coins.

Currently, these virtual assets are returning to the peak of popularity again, attracting the attention of users every day and even outperforming conventional cryptocurrencies in many ways.

If at some point it becomes clear that a certain meme currency is very popular in the community, developers may decide to scale the ecosystem of their projects. Then new features appear, which contributes to a significant expansion of the coin’s capabilities. Thus, a meme token can gain real utility and be used as an investment tool in the long term.

Not only the increased degree of volatility, but also the direct human factor is of great importance for the formation of the value of such coins. Many investors regularly worry about passing up a decent offer. This fear of missing out (FOMO) effect pushes them to buy new assets.

Another plus of meme crypto projects is the emergence of large communities around them, which later often leads to the formation of large-scale ecosystems.

But still, we cannot but recognize that cryptocurrencies, the emergence of which was inspired by Internet memes, are considered a good investment tool only if the potential investor conducts a thorough study of market sentiment. Before investing money in them, it is crucial to make sure that the coin is really worth it.