As the Pepe bull run comes to a halt, another meme coin has taken the crypto community by storm. Wall Street Memes ($WSM) presale went live to a grand reception last week, cashing in on the epic popularity of the Wall Street Memes movement.
It is now past $1.7M and on its way to crossing the $2M milestone.
This doesn’t come as a surprise, since the community has a history of selling out its first NFT collection, Wall St Bulls (on Ethereum), within 32 minutes in 2021. Judging by the overwhelming traffic to the presale, $WSM is headed for a bigger explosion.
What Exactly is Wall Street Memes, and What’s the Big Deal?
Wall Street Memes, as the name gives it away, is a meme coin project. It can be best explained as an extension of the Wall Street Memes movement, which has a large community of over 1 million followers across different social media platforms. The community has birthed some of the most viral memes themed around the idiosyncrasies of Wall Street and capitalism.
Even Elon Musk has engaged with the community.
Literally
— Elon Musk (@elonmusk) March 18, 2023
The project is straightforward about its mission. It doesn’t make any futile promises. It has no product in development, apart from merchandise featuring the memes and the community. The token has no underlying purpose or utility. If $WSM becomes a global phenomenon, it might be adopted as a payment currency on online platforms, similar to Dogecoin and Shiba Inu. But as of now, there is no planned utility for the token.
“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.
The meme coin’s goal is to allow “holders to potentially get rich while still enjoying the top-tier meme content created by the Wall Street Memes team”. In essence, $WSM’s value lies in the strength of the robust community behind it. The large meme movement has avid followers from around the world. The community has helped the coin win large-scale exposure in the initial stage of the project launch.
Meme and meme coin communities are known for their virality and global coordination. As a result, the presale hype will grow in the coming days, as more crypto investors learn about the project and realize its speculative potential.
Top crypto analysts predict $WSM to enter the top-3 crypto chart in the second half of the year with a market cap that crosses $3B, overthrowing Pepe. And if it manages to sustain the hype and expand the community, it can dethrone Shiba Inu toward the end of the year.
Are Useless Coins Really Useless?
An analysis of the crypto market over the years reveals that hype is money. Speculative trading, when exercised with caution, can bring generational wealth to investors. But you need to pick your assets judiciously to take advantage of the steep bull runs.
For example, BTC and ETH have generated multifold returns for early investors. If you have your eyes on one-digit or two-digit returns, these assets are still excellent options. But there is no point in holding them in the hope of replicating the previous rallies.
Fun and adventurous investments like meme coins, on the other hand, are your best bets to take advantage of the intense crypto market volatility. But again, there is no point in holding established meme coins like Dogecoin, Shiba Inu, or even Pepe now. They are at their saturation points with $10B, $5B, and $500M market caps.
Pepe price overview, CoinMarketCap
Many believe that the lukewarm performance of high-cap cryptos is temporary. But it can be seen as an inevitable price correction to make way for emerging cryptocurrencies. While established cryptocurrencies struggle to hang on, new market entrants are making triple-digit profits for investors. And these are not necessarily utility tokens. Purely speculative shitcoins like Pepe have broken records by climbing 5000% within days of going live.
Greed is Good – How to Buy Wall Street Memes Tokens?
The historic performance of the meme coin market hints at the large growth potential of $WSM. Being backed by one of the biggest online communities, the token is brewing a 7000% explosion for Q4, according to industry analysts. The community is larger than the most popular meme coin communities today. More importantly, it is one of the few crypto projects that can penetrate a traditional internet community.
Wall Street Memes has made 50% of the supply available at the presale. Early investors can buy the token for heavy discounts using ETH, BNB, USDT, or bank cards before it lists on DEX. Here is how:
- Go to the official $WSM presale page.
- Fund your wallet with any supported cryptocurrency and connect it to your preferred chain.
- Use the presale widget to swap your currency for $WSM.
- If you prefer plastic, order $WSM tokens to your wallet using your bank card.
The presale is divided into multiple stages. Each new stage will be priced a little higher than the earlier. So make sure you buy $WSM early to take advantage of the discounts.
$50,000 Airdrop is Now Live
Wall Street Memes has launched an airdrop with $50,000 up for grabs as part of drawing attention to the ongoing presale. The contest is divided into five stages with a $10K prize pool in each. You can participate in the airdrop by completing a few easy steps.
- Follow WallStMemes on Twitter,
- Join WallStMemes on Telegram,
- Visit WallStMemes on Instagram,
- Join the WallStMemes Discord community,
- Sign up using Blaze,
- Submit your wallet address,
- Visit the website.
The $50,000 Airdrop Competition will be live throughout the presale.
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.
