Wall Street Memes rakes in $4 million in presale – early investors rush to buy tokens

Wall Street Memes

Wall Street Memes, a meme cryptocurrency, managed to raise $4 million in a short period of time. More than $100,000 was raised in the first day of the presale. Investors are in a hurry to buy WMS token at the early stages of the presale, as the value will increase in the future.

The project team plans to raise $30.577 million in investments. 50% of tokens will be distributed during the presale. The remaining amount will go to listing and operating expenses.

The Wall Street Memes project has excellent prospects. Analysts positively evaluate this cryptomem, and investors willingly invest in it. It is one of the most promising new products of 2023.

Why has meme currency become popular?

The success of cryptomemes is a vivid example of the fact that not everything in this world lends itself to the usual logic. Cryptocurrency tied to funny pictures becomes popular without any technological sophistication of the product itself. This popularity is achieved due to the positive emotions that influence the mass distribution of memes.

Suffice it to mention the cryptocurrency PEPE. This meme with the image of a green frog attracted many people around the world. The token, which started trading at a low price with 10 decimal zeros, was quickly reduced to 7. The value of this crypto token increased by more than 1000%.

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Once listed on the Coinmarketcap exchange, PEPE reached a turnover of $30 million within a day. Reaching a high of $0.0000000789, this meme lost about 40% in value. However, PEPE still remains one of the most popular cryptocurrencies of this group.

Dogecoin is considered to be the most successful meme coin. At first, the creators themselves did not take it seriously, because it was released as a joke, a parody of Bitcoin. But representatives of the cryptocurrency community were enthusiastic about this asset.

A new life Dogecoin gave Ilon Musk, who spoke positively about this coin. The words of the famous billionaire attracted attention to DOGE. Cryptomem instantly skyrocketed in price and entered the top 20 in terms of capitalization.

Tamadoge (TAMA) coin is also worth mentioning. The project is based on the idea of an NFT game with a popular pet. Participants need to grow their virtual dog and prepare it for competitions.

The creators offered the opportunity to make deals with in-game items and tokens of the project. As a result, Tamadoge was able to attract the attention of gamers, traders and investors.

According to analysts, the popularity of any meme currency is due to two factors. First, it is due to the successful development of the crypto market as such. Secondly, the reason for this is the memes themselves.

Funny images spread very quickly on the Internet and attract a lot of attention. As a result, investors are starting to purchase these assets.

Wall Street Memes are a new force in the community

The WSM project has a very large community of fans. More than 1 million people are subscribed to the official Wall Street Memes page.

The project team is seriously working with social media and messengers. As a result, engaged people joined WSM via Telegram, Twitter and Discord. Ilon Musk also tweeted with this meme, creating additional intrigue around the project.

On the one hand, the billionaire is known for his sympathy for meme cryptocurrencies. On the other hand, he quite rarely supports any particular asset, which makes WSM stand out among other novelties of this group.

A strong community, a positive assessment of experts, a favorable outlook – all this points to great prospects for the new crypto meme. The number of those wishing to join the project continues to grow.

Is it worth investing in WSM?

The positive background around WSM makes you seriously talk about this cryptocurrency. Analysts recommend considering the option of investing in tokens. It is worth including promising new products in the portfolio, which just includes Wall Street Memes.

It is best to purchase such cryptocurrency during the presale period. At the moment, the price of the token is $0.0271. At further stages of the presale, it will grow to $0.0377.

After listing on exchanges, the price will increase further. According to statistics, this happens with most successful projects. Therefore, experts advise investing in the early stages of presale, when there is an opportunity to buy cryptocurrency at a lower price.

WSM is a meme asset with growth prospects. The project is based on the fascinating history of Wall Street. When this theme has been used in the world of cryptocurrency, it has turned out to be a success.

For example, in 2021, the Wall St Bulls NFT set sold out in 32 minutes. In total, these collections have generated $3.3 million since launching on the OpenSea platform.

ChatGPT predicts that WSM will soar to $0.15 after the listing, which is much higher than the starting price of the 1st stage of the presale ($0.025). Perhaps the forecast of this service is too optimistic, but the positive assessment coincides with the opinion of many analysts.

To buy this cryptocurrency now, you need to connect a wallet on the project platform. Then you can choose the payment method: ETH, USDT or BNB. There is also an option for acquiring assets with a bank card.

Attractiveness of WSM

The success of the project is largely due to a successful marketing strategy. The WSM team skillfully uses the history of the Wall Street community to promote the modern cryptomeme.

Once upon a time, enterprising individuals were able to make a fortune trading unprofitable stocks. These businessmen would buy up cheap securities and sell them after the value had risen. The paradox was that these stocks did not have any real value. But the ingenuity of entrepreneurs proved stronger than the traditional financial model.

The legacy of the Wall Street movement is still expressed today. Like Gordon Gekko and company, today’s investors can get rich on the same “worthless assets”. At the same time, cryptomemes have even less economic utility than stocks from the 1980s.

Today, members of the WSM project invest in original business memes. This community is gaining impressive momentum, and the cryptocurrency is showing excellent pre-sale performance.

Memes have become an integral part of modern culture. Cryptocurrency tied to these original pictures inexplicably attracts the attention of investors.

Of course, not all memes are successful and bring good returns. However, some coins can skyrocket in value. It is possible that WSM will be among them.

Strategy of earning on WSM

Before buying WSM, it is recommended to decide on the following aspects:

  • Amount to invest
  • Features of the strategy
  • Portfolio formation

Despite the positive assessment of the project by experts, it is impossible to know for sure whether the cryptocurrency will be successful or not. Therefore, it is worth allocating to WSM the amount that is not afraid to lose.

Next, you should decide on a specific strategy: when and for how long the client invests in this cryptocurrency. He may want to buy it now in order to sell it immediately after listing, or he will keep the token for a longer period of time. There can be many different options here.

In addition, it is worth minimizing the risks of cryptocurrency investments – include not only WSM, but also other assets in your portfolio. These can be BTC, ETH, promising altcoins, as well as other novelties with high potential. A balanced crypto portfolio will help protect your investments.

Wrapping up

New cryptocurrencies are constantly appearing on the market. But only a small fraction of projects have a good future.

WSM token is one of the most promising cryptocurrencies of this season. The first week of presales, during which almost $4 million was raised, indicates a high interest in the meme-coin on the part of investors. According to analysts, the token should noticeably increase in value by the end of the presale.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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