The presale of $WSM (Wall Street Memes) is moving ahead at an unprecedented pace as FOMO fuels despite the SEC turmoil. With most assets plunging, investors are moving their funds to promising new cryptocurrencies that are awaiting launches later this year.
Not surprisingly, most have found a haven in Wall Street Memes, which is backed by a robust 1-million community with a global foothold.
According to industry analysts, the meme coin will surpass Pepe to claim the third spot on the meme coin rankings in the last quarter of 2023. The potential returns range from 25X-30X this year whereas it can climb anywhere up to 100X in 2024 as the token proves its market relevance.
$5M raised and you’re still hating pic.twitter.com/GFel7M72bX
— Wall Street Memes (@wallstmemes) June 7, 2023
$WSM is Cashing in on the Market Turbulence
To begin with, Wall Street Memes exhibits more promising prospects compared to existing meme coins. That is substantiated by numbers. The $WSM presale has generated a whopping $5,494,998.41 in the last few days and is about to enter the 12th stage at the time of writing.
Within a span of two weeks since entering the presale market, Wall Street Memes Token has drawn massive attention within and outside the crypto community. In fact, holders of established meme coins like DOGE, SHIB, and PEPE are eagerly joining the presale, aiming to take advantage of its substantial growth potential. The presale comes at attractive price discounts.
Needless to say, DOGE, SHIB, and PEPE have reached saturation points, as evident from their recent lukewarm performances. Although they have successfully managed to stay relevant all these years, they are unlikely to replicate the significant bull runs they experienced in the past.
While high-cap cryptocurrencies are better suited for conservative investors seeking returns slightly above bank deposits or stocks, adventurous investors are on the hunt for new cryptos like $WSM. They have larger rooms for growth than high-cap cryptos. That translates to higher returns within a specified period of time.
Even Pepe pales in comparison to $WSM even though both were launched within a few weeks’ difference. Pepe’s rapid rise to a $1.6B market cap was followed by a cascade of sell-offs, which has taken it down to a $440M market cap as of early June. Things are predicted to get much worse as the SEC turmoil grips the market.
In addition to a larger room for growth, $WSM gives investors the advantage of time.
A Community-Powered Meme Coin
While most meme coins grow after the meme coin project is announced, Wall Street Memes is an exception. The community has been in existence since 2019 and is spread among over one million people from around the world. The meme coin $WSM is an extension of the Wall Street Memes movement.
To give you a better perspective on the community’s foothold, look at this meme.
Many celebrities, including Elon Musk, are a fan of the community and have interacted with it multiple times in the past. Can that help the price of the token? Yes, if the sporadic rallies of Dogecoin in the last few years are any evidence. But that is just one of the factors that fuel the WSM hype.
We have witnessed the emergence of numerous meme coins inspired by fleeting trends this year, from Miladys meme coin to No Meme and many more. Not that it’s a bad trend. Because these tokens went on to make multifold returns for early investors. But they are also short-lived.
Wall Street Memes, on the other hand, plans on staying in the market for the long run. It is not launched to capitalize on the meme coin hype and then fade into obscurity. Instead, it is eyeing the third position on the meme coin chart in the initial phase and the second soon after.
While the project has not mentioned any relevant utility in the roadmap as of now, it is likely to change next year. The token’s wild popularity will also help its integrations into online websites as a crypto payment, similar to DOGE, BTC, and ETH.
Buy $WSM Before It’s too Late
The ongoing Wall Street Memes presale is the cheapest entry to the meme coin. Since it is also one of the fastest presales this year, meme coin investors don’t have much time. The presale will hit the hard cap of $30,577,000 in a few weeks’ time. But the earlier you join the presale, the higher the discounts.
You can join the presale using a crypto wallet funded with adequate ETH or USDT. If you’re new to the market and prefer card transactions, the platform gives that option as well.