The world of meme coins is witnessing a fervent surge in demand for high-growth tokens, particularly those capable of achieving extraordinary price surges. With Dogecoin and Shiba Inu’s lackluster performance, traders are seeking alternative meme tokens that possess the potential for explosive growth. Wall Street Memes (WSM) has rapidly emerged as the next global meme coin phenomenon, amassing an impressive $1 million in just two days. Market analysts are already predicting that WSM will replicate the bull rally of Pepe, generating substantial profits for its investors. In this article, we delve into the strengths of the WSM project and explore why numerous traders are rallying behind this token.
Wall Street Memes Hits $1 Million Mark – Can It Outshine DOGE & PEPE?
Wall Street Memes, the internet’s trendiest investing group, recently introduced its flagship meme coin, the Wall Street Memes token. As is the norm for the WSM group, this token is turning out to be a remarkable success. Launched on May 26th, the WSM token has already exceeded the $1 million milestone, completely selling out its second stage of the presale. Currently priced at $0.0256, the token is expected to surge further as demand continues to skyrocket.
Wall Street Memes is rapidly filling the void left by Dogecoin’s sluggishness, which now trades 90% lower than its all-time high of $0.74. Concerns are mounting that Doge may have reached its maximum potential. While the global cryptocurrency market cap experienced a 2.5% expansion in the last 24 hours, DOGE only managed a mere 0.8% surge during the same period.
The sideways price movement of Dogecoin makes it highly unlikely for the token to ever breach the $1 mark, which was once considered a certainty. To reach the $1 trading price, the token would need to surpass a total market cap of $139 billion. Even DOGE rallies fueled by Elon Musk’s influence have been limited and short-lived. Although Dogecoin witnessed a surge when Musk changed his Twitter logo to the Doge symbol, it quickly corrected itself when Twitter reverted to its blue bird logo.
In terms of growth prospects and profitability, the Wall Street Memes token appears to be more aligned with Pepe rather than Doge. WSM’s strong performance during the presale and its widespread social media buzz resemble Pepe’s astonishing 8000% surge after its launch. Pepe coin generated immense profits for traders, turning small investors into millionaires. Experts anticipate a similar price explosiveness from WSM once the token is listed on various exchanges.
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Wall Street Memes Token Receives Significant Community Support – Binance Listing in Sight? The Wall Street Memes token is a prime candidate for listing on several Tier 1 exchanges, including Binance and Coinbase. Its primary strength lies in the popularity and financial expertise of the Wall Street Memes group.
The group gained global recognition in 2021 when it inspired the historic GameStop short squeeze and the subsequent explosive bull run of GME and AMC. This event witnessed a small army of internet traders successfully challenging and overcoming established financial institutions.
The WSM group aims to bring the same sense of community strength to the cryptocurrency market and dominate the meme coin season. The group has already achieved successful ventures in the Web3 space. In 2021, WSM sold out its popular Wall St Bulls NFT collection within 32 minutes, generating over $2.5 million. Additionally, it launched Bitcoin Ordinal NFTs in May 2023
Furthermore, the WSM token is fully driven by its community, much like Pepe. It emphasizes its commitment to user adoption through its community-first tokenomics. Unlike many other projects, the entire supply of WSM tokens is available for investors, with no separate allocation to teams or private sales.
During the presale, 50% of the total 2 billion token supply is made available, while 30% is allocated for community rewards. Centralized and decentralized exchanges will each receive 10% of the tokens, ensuring liquidity in the market.
To further enhance user adoption, the project has initiated a $50,000 WSM airdrop. Investors can participate by completing simple steps on the Gleam.io platform to register for the airdrop. Five lucky token holders will be selected and rewarded with $10,000 worth of WSM tokens each.
Similar to Pepe’s success in securing a listing on Binance due to its strong community and impressive bull rally, experts believe that WSM will also be listed on several Tier 1 centralized and decentralized exchanges following its launch. In certain aspects, WSM may even have an advantage over Pepe.
A recent report highlighted that while Pepe experienced 8000x growth, it did not receive significant support from retail investors. However, thanks to the reputation and social media army of one million strong built by the WSM group, the WSM token is not expected to face similar challenges.
The surge of the WSM token shows no signs of stopping after surpassing the $1 million milestone. Investors have a limited opportunity to join the WSM bandwagon early and acquire tokens at a low price. Users can obtain WSM tokens by swapping Ethereum (ETH), Tether (USDT), or Binance Coin (BNB). Additionally, tokens can be purchased through bank cards.
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