While mainstream cryptocurrencies deal with the hardships of dealing with regulatory pressures, memecoins have been surging in 2023. These types of tokens offer investors exciting prospects of significant returns. 

Among the memecoin-craze of this year, two currencies stand out as one of the most promising new coins of the season. 

WallStreetmemes, the new crypto inspired by the vastly popular subreddit r/WallStreetBets is among one of the most popular new tokens. Ready for its ICO, the currency counts on an already vast and diverse following in order to drive its prices upwards.

On the other hand, the Golden Inu Token has been standing out for its continuous efforts towards building a community around a useful and prosperous currency. The project is still ready for its ICO on the Ethereum Blockchain — but the original $GOLDEN token on the BNB Chain has withstood the test of time, currently boasting as the most profitable memecoin of June with an astounding 636% returns for holders.

This makes the $WSM and the ERC-20 $GOLDEN ICOs one of the key events in the memecoin market in 2023. Both currencies are expected to generate a lot of commotion and potential for returns after its launch. 

However, this begs the question: “Which of these tokens sound more promising?” 

While WallStreetMemes offers a large following, Golden Inu’s continuous efforts towards offering features and enhance the value of $GOLDEN make it one of the contenders for best new token of the year.

WallstreetBets ($WSM): Comedy Over Utility

With its large community, the token relies heavily on humor and hype, attracting investors with its meme-centric appeal. 

The token enjoys strong community support and has experienced success during its presale, suggesting the potential for a surge in value driven by its humorous nature.

However, WallstreetBets falls short in terms of concrete plans for software development and utility. Taking a look at the project’s roadmap shows no signs of meaningful projects and applications that could make $WSM useful. 

In fact, WallStreetMemes tokenomics claims it will invest 50% of its funds in marketing campaigns. This showcases a lack of direction in the project, who will most likely bank on name value alone in order to grow.

Investors should be wary as the market has seen the rise of incredibly popular tokens in the past, and ultimately the lack of competency towards truly creating a decentralized ecospace made many of them fail miserably.

Golden Inu Token: Unleashing the Power of Utility

Taking the spotlight in the memecoin market, the Golden Inu Token sets itself apart from its competitors with its focus on utility and real-world applications. Since its launch on the BNB Chain, the token has experienced a staggering 1000% growth within a mere two weeks, showcasing its immense potential.

The dedicated development team behind Golden Inu Token has already launched multiple applications, including an exclusive dashboard for tracking news and reports. 

Moreover, the token is ambitiously developing a Play-to-Earn game called “Golden Inuverse” and planning captivating NFT collections. With a current valuation of $0.000000000006 on the BNB Chain token, and a low market cap, Golden Inu Token stands out as a gem with unparalleled potential for significant returns.

The True Potential of $GOLDEN Token’s ERC-20 Version

The project is currently offering a presale that allows investors to purchase the new Ethereum Blockchain token at a discount. This investment had the potential to return up to 1000% yields for early buyers. 

The cryptocurrency’s founder, “Golden Takeishi (@3TC)” claims that the token is expected to see at least 25% returns overnight after its Uniswap launch on July 12. However, given its tremendous success and the popularity that such tokens experience after being added to such a platform — the potential for results is unprecedented, and investors are eagerly anticipating the outcome.

 

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Filed under: Bitcoin - @ July 7, 2023 6:00 am