Inspired by how the little guy challenged Wall St in the GameStop short print, Wall Street Memes (WSM) is one of the newest meme tokens, currently on pre-sale.
The bull run for the GME and AMC stock price in 2021 has inspired several new crypto projects and an entire internet meme subculture. Crypto has its own version of meme stocks – meme coins – with traders always looking for the next Dogecoin to explode when spotted by Elon Musk, the next Shiba Inu, or most recently the next Pepe around the world. surpassing market by tens of thousands of percent.
Does $WSM have what it takes to be the next big crypto? This Wall Street Memes token price forecast assesses the project’s roadmap and future upside potential.
Prior to the launch of its new crypto token, the Wall Street Memes community itself was based on an Instagram and Twitter community and a legacy NFT project. Its main accounts are:
It also has a separate Twitter and IG for NFT-focused posts, and a recently launched Discord and Telegram, the preferred platforms for new crypto projects. Before it was created to organize the presale, Wall Street Memes already benefited from an existing support of one million followers.
It continues to launch new NFT projects including Bitcoin Ordinal NFTs in May 2023 and with meme coins being the most exciting assets of the year, it announced its WSM coin presale soon after.
Wall Street Memes Price Prediction 2024
Our resident crypto analyst reviewed the Wall Street Memes presale on its launch day, shortly after it raised its first $100,000 which took a matter of minutes.
He compares to some recent meme coin presales, including Love Hate Inu (LHINU) which pumped several folds on exchanges before a correction.
In 2023, Wall Street Memes managed to complete one of the most successful pre-sales – raising more than $15 million. In September 2023, the token conducted its initial exchange offering.
WSM Token Price Prediction for Future Years
Although volatile and high-risk, often having a post-ICO crash, many crypto experts have said that meme coins are one of the easiest ways to make money with cryptocurrency, as it is an inefficient market . They can do what other crypto-assets cannot – make exponential profits in a matter of days, as Dogecoin, Shiba Inu and Pepe (PEPE) have most famously shown – along with Floki Inu, Wojak, Turbo and many more.
For example, earlier this year Altcoin Sherpa tweeted a thread to his 195k followers:
They are kind of like the original NFT in many ways. Meme coins are built around a simple idea that is easy for people to understand (eg a dog). You don’t need a big brain to understand it and you don’t need to go through complicated steps to work with it (eg DeFi). We all want to get rich and get rich fast. What better way than to do it with meme coins?
While warning that some meme tokens are scams, kickbacks or just low utility, he said they could have “500x” upside potential or more.
They can then come back with 90% or deeper – making early investment the best bet, at the pre-ICO, IDO or IEO stage, during pre-sale rounds if they are open to the public.
For example, the Pepe price corrected 80% after an explosive bull run well above what GameStop shares achieved, making many holders millionaires. Even the Ethereum price rebounded by 95% at one point (from $1,440 to $80) before setting new all-time highs.
The most upside potential tends to be realized by following the trading mantra of buy low, sell high and stick to well-established projects with a reliable team.
Wall Street Memes draw on their experience of launching successful NFT projects – which did not defraud investors and still exist today. Wall St Bulls NFTs have 3,532 owners according to OpenSea.
In 2022, @MacnBTC tweeted to his 414k followers:
Someone with a $10,000 portfolio should not focus on buying $ETH and $BTC, but instead aim to get whitelisted in NFT projects and gamble on dogecoins going either x50 or -100%.
His sentiment is similar – that DOGE-themed cryptos, or meme tokens in general, can have 50x potential and also fail completely. This is on average a high profit potential, as long as you adopt a risk management strategy – eg. to keep a diversified portfolio and not invest too much in one crypto project.
See our list of crypto presales for some other options to invest in early. We rank the Wall Street Memes presale our top pick right now because it is at its earliest stages and history in the NFT and meme space.
The Wall Street Memes tokenomics is highlighted in the video above, with 100% available to the community – including 50% sold during the WSM presale, 30% for future community rewards and 20% for CEX and DEX liquidity.
Setting aside no team credentials can protect against a problem faced by a similar project – Wall Street Baby (WSB). After claiming to be the official token of the Wall Street Bets Reddit, insiders from the $WSB project team dumped a large portion of the WSB token supply on the market, causing a 90% crash in the Wall Street Baby -price caused.
Best place to buy Cryptos
Although the Wall Street Memes token is not yet listed on Binance, it has high prospects for a potential listing due to its popularity among investors.
Binance offers many cryptos for trading, giving users access to popular and emerging digital assets. The platform caters to beginners and experienced traders by offering basic and advanced trading interfaces, including spot, margin and futures trading.
The platform also focuses on security, using trusted practices such as two-factor authentication (2FA), cold storage of assets and an insurance fund to protect user funds.
User-friendly mobile app: The Binance mobile app is highly regarded for its usability, allowing users to trade, manage their portfolios and access other services.
Binance’s Peer-to-Peer (P2P) trading platform allows users to buy and sell cryptos directly with each other, supporting multiple payment methods. This feature particularly benefited regions with limited access to traditional banking services.
Binance is known for its competitive fee structure, charging a standard 0.1% for both producers and consumers. This rate can be further reduced by using BNB to pay for fees or by achieving higher GDP levels based on trade volume.
Binance offers staking services, which allow users to earn rewards by holding certain cryptos. The annual percentage return (APY) varies depending on the asset and the length of strike, providing an additional income stream for investors.
Visit Binance
Do not invest unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Closure
A conservative Wall Street Memes price prediction could be WSM testing the $100 million market cap level, which recent new meme coin institutions we reviewed such as Sponge and Tamadoge have reached. In the most bullish case, Pepe still has a market cap of ~$600 million even after its deep correction, and two meme coins are in the top fifteen cryptocurrency assets – SHIB valued at $5 billion and DOGE in the top ten with a market capitalization of $10 billion .
Having an established community leads to more holders rather than short-term traders looking to make an early profit and move on to the next asset. NFT investors also typically hold their digital assets for a longer period of time, and many of the Wall St Bulls NFT community may have formed the early investors in $WSM.
The project is also building publicity with a $50,000 airdrop hosted on the outreach platform Gleam.io, which will be shared among five winners.
Disclaimer: The Industry Talk section contains insights by players in the crypto industry and is not part of the editorial content of Cryptonews.com.
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