The new Wall Street Memes project, which has already made a lot of noise in the crypto community, has no plans to give up its position despite the general market sentiment. The WSM token presale collects hundreds of thousands of dollars daily thanks to speculative traders. They intend to turn it into the next successful meme coin with at least 100x value gains.
As the WSM presale moves rapidly from stage to stage, the meme coin market is gripped by the FOMO effect – the fear of missing out on the gains. So far, the $WSM presale has already raised an impressive $8.5 million. The coin is currently priced at $0.0295. Its price will gradually increase during the next stages.
There are 30 of them, so it is likely that the set target limit of $30,577,000 will be reached long before the scheduled completion of the presale in the fourth quarter of 2023. The emergence of major players in the coming days could speed up the process.
The cryptocurrency everyone is talking about
Wall Street Memes has established itself as one of the most talked about coins of the season. Leading crypto publications are calling it the next PEPE, which, let’s remember, has already grown by 7000% in the first weeks after its launch. It is likely that Wall Street Memes may even surpass the PEPE record, given the hype that accompanies the pre-sale. When the coin appears on exchanges later this year, it could well grow by 100x.
A detailed study of the Wall Street Memes website and familiarity with the project’s community confirms these predictions. Thanks to the strong support of a huge community, Wall Street Memes stands out among other meme coins that often emerge as a temporary trend.
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With over 1 million subscribers, the Wall Street Memes community creates a solid foundation for meme coin growth and development. Since it is the hype and strength of the community that determines the success of meme coins, Wall Street Memes has all the necessary components for success. Additionally, it’s worth noting that the Wall Street Memes community is mostly made up of investors and traders.
The advantage of $WSM is its solid tokenomics
The main strength of $WSM is its elaborate tokenomics. It is designed to overcome one of the most difficult problems of meme coins – their short lifespan.
Most such assets serve only as a tool for quick profits. They suddenly appear on the horizon and just as abruptly disappear. This scenario was repeated by PEPE, whose value fell by more than 90% from the maximum mark in just a couple of weeks. The project’s story seems to be nearing its end.
To overcome this trend, Wall Street Memes has introduced a solid tokenomics model, in which 30% of the total amount is allocated to reward the community. The creators of the project plan to hold regular drawings and distribute assets among the participants. This is how they motivate investors to hold on to their tokens despite unstable market conditions.
Thus, the planned WSM airdrop gives a unique opportunity to get additional coins to everyone who is active in the various social channels of the project. Owning and trading WSM tokens also provides the right to participate in the airdrop.
Wall St Memes has unique qualities that make it an attractive investment proposition. First of all, the project stands out with a massive community spanning multiple social platforms. The real-life user base serves as a solid foundation for rapid development and progress.
A significant impact on the project’s success has been the attention to the project from well-known personalities such as Ilon Musk.
The strong support from the community also increases the likelihood that Wall St Memes will be listed on major cryptocurrency exchanges. This is crucial for future growth and success as it increases visibility and accessibility to a wide audience. Taking all these factors into consideration, it can be concluded that WSM could be the leading meme of the year. This in itself is a tremendous accomplishment.
Is WSM repeating the history of PEPE?
The cryptocurrency world recently witnessed an exciting success story when one trader turned a modest $263 into $13 million thanks to the Pepe coin. It burst into the market and shook up the meme-coin sphere. Its capitalization crossed the $1 billion mark within just 20 days of its launch. The price of the coin soared 7000% in just 17 days.
It is not surprising that those who managed to sell the meme-coin at the peak of its value managed to literally make a fortune. However, not everyone managed to do it. In a few days, the price of PEPE fell to a minimum again.
Analysts predict Wall Street Memes a much longer success, because WSM differs from PEPE in several important aspects, including the support of a huge community and well thought-out tokenomics. Time will tell whether WSM will become the king of meme-coins. The value of the coin is growing every day, bringing profits to early investors.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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