The retail investing community is abuzz with excitement as Wall Street Meme’s newly launched $WSM meme coin continues to gain traction. In the span of just a few days, $WSM has skyrocketed, currently sitting at three times its presale price. In addition, the token’s 24-hour trading volume has surpassed other top meme coins like Pepe and Shiba Inu.
At the start of the weekend, $WSM saw a 56% increase, reaching $0.071 with a market capitalization of $142 million. Early presale buyers are reaping the benefits, enjoying a nearly 3x gain from the 183% price surge. These investors are anticipating that the price will reach $0.10, potentially within the next few hours. Those who bought $WSM during its launch on exchanges like OKX are also experiencing a return of over 100%.
$WSM has attracted attention as it consistently trends as one of the top gainers on platforms like DEXTools and Coinmarketcap. This rapid surge in price can be attributed to Wall Street Memes’ announcement of its upcoming product release and a token buyback program set to launch in October. The project, which aims to democratize finance and take on Wall Street, already has the support of a 1.1 million-strong social community that emerged from the meme stocks movement.
Adding to the project’s credibility is the interaction it has had with Elon Musk’s X (formerly Twitter) account. There are even rumors circulating that Musk may have invested in $WSM. Unlike many other meme coins that lack utility features, $WSM offers staking utility out of the box, which has further incentivized buying interest.
The news of the upcoming product launch and the token buyback program has boosted demand for $WSM. The launch of a product tied to the $WSM token would enhance its utility and potentially increase its demand. Additionally, the buyback program would gradually decrease the token’s supply, making it more scarce and increasing the value of the remaining tokens.
In terms of trading volume, $WSM has surpassed other popular meme coins like Shiba Inu and Pepe. Currently, $WSM has a 24-hour trading volume of $79 million, outperforming Shiba Inu’s $74 million and Pepe’s $70 million. As more traders enter the market, other major exchanges will likely take notice. There have already been rumors of a Binance launch, and with the explosive start to trading, a Binance listing seems increasingly likely.
The team behind Wall Street Memes has set a goal of achieving a $1 billion valuation, but this may even be conservative considering the token’s utility and the lack thereof in other meme coins like Doge and Pepe. Even Shiba Inu, which has seen impressive returns for early investors, has struggled to establish a utility layer. Since its launch, $WSM has been listed on exchanges like OKX, Huobi, MEXC, BitMart, LBank, and Coinex.
The more exchanges $WSM is listed on, the easier it becomes for retail investors to buy the token, creating a positive cycle that drives up the price. Furthermore, $WSM offers yield-bearing utility, allowing token holders to stake their tokens and earn an annual percentage yield of 37%. This passive income stream, coupled with the potential for capital appreciation, makes $WSM an attractive investment option.
To further engage the community, Wall Street Memes is currently hosting a $50,000 airdrop competition, which traders can enter online. With news of Wall Street Memes spreading rapidly throughout the crypto space, it’s only a matter of time before it catches the attention of Elon Musk. Overall, with a mystery major product launch on the horizon, $WSM is the latest coin sparking interest in the crypto world.
While opportunities like Wall Street Memes may be rare, there are other coins that could potentially experience stellar launches. Meme Kombat ($MK) is one such coin, offering a unique meme character battling platform where players can bet on the outcome. The project is currently in presale, and investors can purchase Meme Kombat tokens with ETH, BNB, or USDT.
Another promising project is Bitcoin Minetrix, which offers a genuinely unique use case by providing a decentralized cloud mining solution. By staking the $BTCMTX token, users can earn credit, which can then be used to mine Bitcoin. This eliminates the need for cash transactions and ensures an efficient and secure mining process for retail investors. The project has already raised nearly a quarter of a million dollars in a short period.
It’s important to note that investing in cryptocurrencies carries significant risk, and the projects mentioned in this article are not financial advice. Conduct thorough research and be aware that there is a potential to lose all invested capital.