As the meme coin mania continues to rage, 1000x meme tokens are seeing a strong surge in demand. With Dogecoin and Shiba Inu’s underwhelming performance, traders are looking for alternative tokens with the potential for explosive price growth.

The Wall Street Memes token is quickly becoming the next global meme coin phenomenon after raising $1 million in a record 2 days. Analysts are already backing WSM to mirror Pepe’s bull rally and generate heavy profits for investors. In this article, we look at the strengths of the WSM project and why so many traders are backing this token.

Wall Street Memes Hits $1 Million – Will It Outperform DOGE & PEPE?

Internet’s trendiest investing group Wall Street Memes recently announced their flagship meme coin, the Wall Street Memes token. Like every other initiative from the WSM group, the token is turning out to be a remarkable success. Launched on the 26th of May, the WSM token has already surpassed the $1 million milestone, selling out its second stage of the presale. It is currently priced at $0.0256 and is expected to surge as demand continues to skyrocket.

Wall Street Memes is quickly filling in the vacuum created by Dogecoin’s sluggishness, which is trading 90% down from its all-time high of $0.74. Investors are worried that the explosive Doge has maxed out its potential. While the global crypto market cap expanded by 2.5% in the last 24 hours, DOGE surged by a mere 0.8% over the same period.

The token’s sideways price movement has made it extremely unlikely that it will ever breach the $1 mark once considered a surety. The token would have to surpass the total market cap of $139 billion to hit the $1 trading price. Even Elon Musk-induced DOGE rallies have been limited and temporary. While Dogecoin surged when Musk changed the Twitter logo to the Doge symbol, it soon corrected heavily when Twitter reverted to its blue bird logo.

In terms of growth prospects and profitability, the Wall Street Memes token looks to be closer to Pepe than Doge. WSM’s strong presale performance and social media buzz are reminiscent of Pepe’s 8000% surge after launch.

Pepe coin generated millions of percentages in profits for traders, turning small traders into millionaires. Experts are expecting similar price explosiveness from WSM after the token launches on various exchanges.

Visit Wall Street Memes Presale

Wall Street Memes Token Receives Strong Community Support – Binance Listing Next?

The Wall Street Memes token is an ideal candidate for several Tier 1 exchange listings, including Binance and Coinbase. Its biggest strength is the popularity and financial expertise of the Wall Street Memes group.

The group gained global fame in 2021 when it inspired the historic GameStop short squeeze and the explosive GME and AMC bull run. It is one of the rare incidents when an army of small internet traders took on established financial institutions and won.

The WSM group looks to bring the same community strength to the crypto market and dominate the meme coin season. The group already has had a few successful forays in Web3. In 2021, WSM sold out its popular Wall St Bulls NFT collection in 32 minutes, netting over $2.5 million. It also launched Bitcoin Ordinal NFTs in May 2023. The WSM token will look to capitalise on the brand value and the user base the community has already built in the Web3 space.

Similar to Pepe, the Wall Street Memes token is a fully community-driven project. It highlights its commitment to user adoption through its community-first tokenomics. The entire WSM token supply is available for investors, with no separate allocation to teams or private sales.

50% of the total 2 billion token supply is available during the presale, while 30% is allocated to community rewards. Centralized and decentralized exchanges will be allotted 10% of the tokens each to maintain liquidity.

The project looks to further boost its user adoption through a $50k WSM airdrop. Investors can complete a few easy steps on the Gleam.io platform to register for the airdrop. 5 lucky token holders will be selected and rewarded $10k WSM tokens each.

Just as Pepe received a Binance listing due to its strong community and explosive bull rally, experts believe that WSM will be listed on several Tier 1 CEXs and DEXs after launch. In certain aspects, WSM may even have an advantage over Pepe.

A recent report highlighted that while the token generated 8000x growth, it received no backing from retail investors. Due to the WSM group’s reputation and its 1 million strong social media army, the WSM token is not expected to face similar problems.

The WSM token is not stopping its surge after hitting the $1 million milestone. Investors have limited opportunity to jump on the WSM bandwagon early and purchase the tokens at a low price. Users can acquire the WSM token by swapping ETH, USDT, or BNB. Alternatively, they can purchase the token through bank cards.

Visit Wall Street Memes Presale

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Filed under: Bitcoin - @ May 29, 2023 7:51 pm