The Wall Street Memes ($WSM) presale is moving ahead at a rapid pace as FOMO fuels to new levels within the meme coin community. The predictions of $WSM overthrowing Pepe from the third position on the meme coin chart have catalyzed the demand for the presale token.
It is now selling for heavily discounted prices that can potentially set investors for 25X-30X returns in the fourth quarter of 2023.
Wall Street Memes Has Better Prospects than Existing Meme Coins
In less than two weeks of entering the presale market, Wall Street Memes Token has become a crypto sensation. Holders of established meme coins like DOGE, SHIB, and PEPE are buying into the presale to reap the benefits of its large growth potential.
Obviously, DOGE, SHIB, and PEPE have saturated as their recent performances go on to show. Not that they are doing particularly bad, but they can’t hope to replicate the bull runs they climbed during their prime. To put it in other words, established cryptocurrencies better suit conservative investors who are looking for returns that are slightly above fixed deposits or stocks.
Although Pepe is a relatively new crypto and has more steam left, it is already saturated with a $440M market cap. And yes, it can balloon back to a $1.6B market cap and possibly do even better. But not a lot. At least, not with returns that satisfy speculative traders. DOGE and SHIB, on the other hand, can awaken the spirits of long-term holders and strategic traders with 30-40% returns.
The rallies will be sprinkled randomly throughout the year. That said, we can’t rule out the chances of downtrends, either. As more meme coins enter the market, it will be hard for meme coin captains to substantiate their market relevance. And who knows, Elon Musk may turn his attention to these new meme coins. The signs are already here.
A Community-Powered Cryptocurrency
We have seen the market spawn many meme coins based on fleeting trends. A good example is Elon Musk’s tweets. A few weeks back, he made a nod to Milady NFTs on his Twitter account, and ta-dah!
Within hours, traders were rushing to hoard half a dozen of meme coin babies that acknowledged the tweet. Soon after, they dumped these tokens after pocketing two-digit and three-digit returns. Although they are long dead, these flimsy tokens go on to prove the rich possibilities within the crypto market.
Wall Street Memes is a cryptocurrency that combines meme coin hype and community strength. It is important to note that the community wasn’t created overnight based on a fleeting sensation. Instead, it is a meme coin extension of the global Wall Street Memes community.
Introducing $WSM – yep, we’ve gone and done it.
The community token that’s flipping the Wall Street Memes game upside down! 🐂We have 50% of the #Token supply up for grabs in the #Presale and 30% set aside for rewarding our community.🔥
Let’s make some serious waves together,… pic.twitter.com/fH2TMGmglZ
— Wall Street Memes (@wallstmemes) May 27, 2023
If you are a social media user, you must have come across the popular memes created by the community. They are witty and insightful, and often take digs at centralized financial institutions and their hollow policies. With creative posts that ensure consistent engagement, the community has grown to over 1 million over the years. So it doesn’t come as a surprise that not even Elon Musk is immune to the whimsically amusing Wall Street Memes.
In 2021, the team launched its first NFT collection titled Wall St Bulls on Ethereum. This was during a time when brands and celebrities were racing to jump on the NFT and metaverse bandwagon. The NFT collection capitalized on the hot trend and the epic popularity of its community. It was sold out within 32 minutes! In 2023, the team is back in the crypto market. This time with a meme coin that can give “generational wealth” to early investors.
“The little guy challenged Wall Street in the infamous GameStop fiasco of 2021, and the legacy of those brave Wall Street Bets heroes endures until today. Borne out of that movement is Wall Street Memes – the ultimate expression of the internet’s triumph over rampant capitalism,” declares the official website.
Hilarity and Virality Combined
Wall Street Memes token’s large growth potential lies in its virality and global community power. Elon Musk’s engagement with the memes certainly helps. But the project can perfectly do well without them. And therein lies its difference when compared to meme coins like Dogecoin. Despite having “no utility,” it stays relevant and sustains its value through viral memes and a crypto reward system.
A whopping 30% of the total supply is set aside for community rewards. The first airdrop of the program is now live with $50,000 up for grabs.
The presale of $WSM is divided into thirty stages with a gradual price hike. The hard cap is $30,577,000. So you can still benefit from its low discounts. However, make sure you enter the presale early as it is likely to sell out ahead of schedule judging by the current progress. A whale invasion, especially with the prices of DOGE and SHIB giving no reasons for hope, is also a possibility.
A 25X-30X jump from the presale price is a modest prediction for $WSM in the month that follows the initial exchange listing. But it can do much better with a 7000% explosion toward the end of the year, given the solid community strength.
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