It has only been a few weeks since the Wall Street Memes ($WSM) presale went live.
The euphoria around the project is visible on social media platforms. The presale is already past the $23M milestone, out of a targeted $30M.
If the growing traffic is any sign, $WSM is kindling a bigger explosion than Pepe this year.
Why is Wall Street Memes all over the internet?
Wall Street Memes is a meme coin extension of the Wall Street Memes movement. The community of over 1 million followers is mostly made up of investors, traders, and business leaders.
Even if this is your first time hearing about the community, you must have seen some of its viral memes. They are mostly based on the idiosyncrasies of capitalism.
One of the key highlights of the meme coin token is that it is straightforward about its mission. Instead of making grand promises, it makes it clear that the token has no underlying purpose or utility.
Wall Street Memes is a pure meme coin project without any product in development. It is solely built on community power.
But we can’t rule out the possibility of the token being adopted by online platforms as a payment currency if it becomes a global phenomenon like DOGE and SHIB. But that’s for later. There is no planned utility for the token as of now. And therein lies its strength.
How far can virality take a project?
The question is crucial in understanding the explosive potential of Wall Street memes.
It allows “holders to potentially get rich while still enjoying the top-tier meme content created by the Wall Street Memes team”. Tapping into the large meme movement that has avid followers from around the world, $WSM has won large-scale exposure in a short space of time.
In fact, it is one of the fastest and biggest presales of 2023.
The excitement is pulling the token launch to an earlier date than scheduled.
While meme and meme coin communities are known for their virality and global coordination, it remains to be seen how sustainable they are.
But an analysis of the crypto market over the years reveals that useless cryptos are not exactly useless. Hype is money and speculative trading, when executed judiciously, can nurture value and bring a fortune to early investors.
But of course, that requires a diligent analysis of the project. The market, being crowded with meme coins and shitcoins, requires users to make their picks intelligently to take advantage of steep bull runs and escape equally steep crashes.
According to industry analysts, $WSM has the potential to enter the top-3 crypto chart in the second half of the year with a market cap that surpasses $3B.
If the community continues to make its presence felt on social media platforms, it won’t be long before $WSM dethrones Shiba Inu, which currently boasts a $5B market cap.
The waning interest in high-cap cryptos pumps $WSM
Although high-cap cryptos like BTC, ETH, XRP, MATIC, and ADA have generated multifold returns for early investors, they lack luster today. They have also minted some millionaires when they were young. But investors who are looking to replicate these performances are going to be extremely disappointed.
Yes, they can give you one-digit or two-digit returns if you hold them long enough patiently. They are considered blue-chip cryptos without high risk. And as a result, new investors prefer to take their plunge into the crypto market with high-cap cryptos.
Dogecoin 1-year price action, 11 Aug 2023, CoinMarketCap
When it comes to meme coins, Dogecoin and Shiba Inu are considered blue-chip cryptos. That is interesting because they are neither useful nor volatile anymore. It wouldn’t be outrageous to call them balloons awaiting a burst.
They will shed value throughout the year to come to a more realistic number that justifies their community strength. Shiba Inu, in particular, has a bumpy road ahead this year.
Their poor performance makes it easier for fun and adventurous meme coins like $WSM to come forward. Why? Because they are your best bets to take advantage of the intense crypto market volatility that is equally loved and hated.
While Pepe has already proven its worth with a 5000%+ surge, $WSM is still in the presale stage. It can kindle a Pepe-like explosion, but with more vigor, factoring in the $1M+ community behind the project. Since there is no point in holding on to established meme coins like Dogecoin, Shiba Inu, or even Pepe, the $WSM launch will be a bigger phenomenon than the presale.
High-cap meme coins have reached their saturation points. $WSM, on the other hand, has a bright road ahead.
Is it too late to buy Wall Street Memes tokens?
Hungry investors are hoarding $WSM in anticipation of the biggest meme coin explosion this year. Both retail and whale interest in the project is growing. (A whale recently purchased WSM for 460 ETH.)
Investors who are looking to enter the project at the cheapest and most profitable point should join the presale early to take advantage of the discounts.
The project has made 50% of the supply available at the presale. It supports purchases in ETH, BNB, USDT, or bank cards before it lists on DEX.
A detailed purchase guide is provided on the website.
Other altcoins to buy now
An analysis of the historic performance of the meme coin market reveals that $WSM is positioned to reward investors generously this year. Being backed by one of the biggest internet communities, $WSM can kindle a 100X explosion in a few weeks. It won’t be long before the presale sells out, and the token begins its exchange listings.
Wall Street Memes is one of the few projects that has managed to capture the attention of traditional investors into the crypto market. And that explains the massive momentum of the ongoing presale.
But you need not limit your crypto portfolio to $WSM. Presale tokens like yPredict (YPRED), and Launchpad XYZ (LPX) are also good options. Although WSM will beat them in the short term, they have higher long-term growth potential.
1. yPredict (YPRED)
YPRED is a Web3 coin that has seized massive attention from the crypto and trading communities this year. An AI ecosystem designed for crypto traders, experts, and quantitative analysts, it has large market relevance and growth potential.
The fact that financial markets have lost their statistical edge due to the overwhelming use of trading bots and algorithms underscores it. We need apps like yPredict to rescue the market from the herd mentality and bring robust projects back into the limelight.
The platform’s curated price predictive models, being crafted by top AI specialists, quantitative analysts, and experts, are reliable. You can subscribe to the models using YPRED tokens. Or, you can simply hold YPRED tokens to access the basic features.
The presale is past the $3.4M milestone at the time of this writing.
2. Launchpad XYZ (LPX)
Another cryptocurrency that vouches for the massive growth potential of Web3 is Launchpad XYZ. Although Web3 is the future, traditional users find it a complex place to navigate. As a result, the massive investment and revenue opportunities in the industry don’t reach the audience it deserves.
Lowering the entry barriers to Web3 is the need of the hour. This is the mission that drives Launchpad – a Web3 hub that features a wide range of tools and modules that introduce high-yield crypto, NFT, gaming, and metaverse opportunities to laymen and experts alike.
⭐️ Quality is paramount
Discover how our #LaunchpadQuotient elevates the trading experience, keeping you one step ahead
Secure your spot today 🚀
👉 https://t.co/6qHqqRBG7F#LaunchpadXYZ #Web3 #CryptoCommunity pic.twitter.com/iHwRD6d53J— Launchpad.xyz (@launchpadlpx) August 9, 2023
Reliable data and insights are the key highlights of the platform.
