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The mainstream crypto market gives few reasons for hope, as it continues to reel from the SEC lawsuits. It has impacted a wide range of cryptocurrencies, including meme coins, which were one of the best-performing assets of this year. Established and emerging meme coins are in limbo after a steep crash.
Given that there is no point in buying these tokens in the current scenario, investors are thinking long-term. They are investing in emerging presales that can bring them significant returns later this year rather than plowing money into saturated assets.
The hottest crypto presale of this season is Wall Street Memes. The meme coin is smashing through its presale stages, as investors hoard the tokens in bulk in anticipation of a wild bull run later this year.
Wall Street Memes presale shows no signs of a slowdown
Wall Street Memes presale momentum is gaining, as it crosses the $6.5M milestone at the time of writing. The setback in the broader market seems to have not affected the presale progress. In fact, it could be argued that investors have found a haven in the meme coin presale during tough times.
Much of the faith in the presale has to do with the underlying community that has launched the token. Wall Street Memes token is a meme coin extension of a community of the same name. It needs no introduction. You must have come across its posts several times in the past, given that even tech mogul Elon Musk has.
While some industry analysts believe that Elon Musk’s interactions with the community fuel the meme coin’s momentous early success, there is definitely more going on.
Visit Wall Street Memes Website
A meme coin backed by one of the liveliest communities online
Meme coins are assets that depend on community strength primarily. For example, Dogecoin was launched as a joke on crypto culture. But as the concept behind the token started gaining attention, people across the crypto community came together, talking about it. In a period of a few months, it went viral and became a global phenomenon.
Today, Dogecoin is the world’s 8th largest cryptocurrency by market cap.
Although the meme coin hasn’t been rewarding investors with impressive returns for a while now, it still has a large online community of more than 3.8M members on Twitter alone. Shiba Inu is another striking example. Despite the fact that both these tokens went on to integrate relevant utilities in their later development phases, they continue to draw in community support to maintain large market caps.
A recent example of the meme coin phenomenon is Pepe, which astonished the market with a steep climb to $1.6B and four-digit returns within a few days of going live. Interestingly, Pepe broke into the market with the bold statement that it didn’t have any utility or purpose. Investors trusted the project nevertheless and cashed in on its bull run. Although the Pepe hype is slowly dying, it proved the explosive strength of the meme coin mania for the first time in 2023.
Wall Street Memes is widely believed to be the next in line to explode.
Not just a fleeting crypto sensation
Wall Street Memes has all the right elements to kindle the next big meme coin mania. According to top crypto publications, the token can jump anywhere from 20X to 30X in the initial days of its launch.
But the question is whether it can retain community support and secure a position on the meme coin chart without any utility.
A closer look at the Wall Street Memes tokenomics proves that it can. The project has set aside a sizable 30% of its supply for community rewards. It will launch attractive giveaway contests and airdrops from time to time to support its price. The first of these many community-building programs is now live with $50,000 up for grabs.
The contests will encourage investors to hold on to their tokens despite the ups and downs in the larger market and help the project maintain a healthy market cap. Wall Street Memes has the potential to enter the top-3 position on the meme coin chart within a month of going live, dethroning Pepe.
It will have to wait much longer to occupy the second or first positions. However slim, it’s a possibility, with the project being backed by one of the most thriving online communities. Given that the $WSM is a meme coin extension of the community and not the other way around like most meme coins, it has a robust foundation.
Another factor that solidifies the long-term relevance of the project is Elon Musk’s multiple engagements with the online community. The memes are quirky and hilarious. So that’s not a surprise.
— Wall Street Memes (@wallstmemes) June 13, 2023
How to get into the $WSM mania early on?
It’s pretty simple. You can buy $WSM tokens for heavily discounted prices at the ongoing presale before it lists on exchanges. The presale is divided into thirty stages with a gradual price hike until the hard cap of $30,577,000 is hit. So the earlier you buy the presale tokens, the higher the discounts.
The $WSM presale supports purchases in ETH, BNB, and USDT. In case you’re new to the crypto market, check out the option that supports purchases using a bank card.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
