XRP forecast for August 2023 and an alternative with strong growth potential

According to experts, Ripple’s asset had every chance for rapid growth after the court victory. Instead, the announcement that XRP is not a security caused a lot of discussion among market participants. As a consequence, the price of the token did increase, but after some time went down. The reason was the decision of the US Securities and Exchange Commission to challenge the judge’s conclusion.

Now there is a surge of XRP sales on the market. Many traders have decided to get rid of the asset under pressure. It is noted that today investors are putting money into a new promising token XRP20. Its presale has already attracted more than $2.7 million.

Alternative to XRP – Wall Street Memes

While the market of the oldest cryptocurrencies is experiencing stagnation and dependence on the decisions of regulators, investors are increasingly paying attention to new meme coins. For example, this spring one trader invested about $200 in the sensational meme coin PEPE and earned more than $10 million after the token’s price spiked.

Wall Street Memes is considered the next meme coin that has the potential to repeat this story. This is evidenced by two factors: over a million followers on the project’s social networks and over $23.9 million raised in the current pre-sale. Now you can buy WSM token for $0.0334, at the final stage the cost will rise to $0.0337.

Interestingly, Wall Street Memes is based not just on a viral picture, but on the ideology of fighting against institutional investors and speculators. The project’s team is connected with Reddit community of private investors, who unraveled the schemes of large companies and pamped the shares of GameStop store. As a result, the brand’s securities went up several times in price, and large hedge funds playing unfairly on the downside were shut down. So in its memes, the new project mocks the market and its unfair play.

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By the way, these memes are reposted and liked by Ilon Musk, and we know what his influence is on the popularity of digital assets.

Investors are also attracted by the fair presale: most of the coins will be available at the presale, with the team keeping no inventory.

Speaking of the team, the developers already have experience in creating commercially sought-after assets. In 2021, they released an NFT collection called Wall St Bulls, which sold for over $2 million in just half an hour.

Therefore, WSM has a good chance of falling under the requirements of exchanges such as Binance, which could lead to a sharp rise in the coin. As a reminder, the presale is moving towards its final stage, and Wall Street Memes can now be purchased for $0.0334.

Pros of Wall Street Memes:

• Perhaps one of the largest social media communities around the new meme coin.
• Low price that will rise by the final phase of the presale.
• Experience of the team and high chances of listing on major exchanges.

Forecast of the XRP rate from experts

The situation with the token of the company Ripple can be called quite ambiguous. It is not the first time that the asset experiences a significant fluctuation in price against the background of external pressure.

The first significant change was recorded in 2018, when XRP suddenly crossed the threshold of $3.84. At the same time, in 2014 it could be bought for only $0.0028. A few years passed, and now the price of one XRP is $0.616 (according to the information portal CoinMarketCap).

Now, with the July 2023 court hearing between Ripple and the U.S. Securities and Exchange Commission (SEC), the price of the asset has started to vary again. The reason was the accusation brought against the developers. The fact is that they are suspected of selling securities under the guise of digital currencies. It is not surprising that against the background of a serious trial there was a sharp decline in the price.

Author: Saifedean Ammous, an expert in cryptocurrency economics.