In the thrilling rollercoaster ride that is the crypto market, new meme token VADER has swooped in with a captivating 25,000% gain since being paired with Wrapped Ethereum (WETH) on Uniswap. Despite an impressive 40% surge in value within the last 24 hours, the coin has stirred up quite the controversy. DEXTools categorizes VADER as a ‘scam’, pointing towards a multi-blacklist setup by token creators to thwart selling, essentially impeding retail investors from profit.
Yet amid this suspicion, there’s a glimmer of opportunity for crypto aficionados; a new token on the block. The Wall Street Memes (WSM) presale gestured potential, having already amassed over $13.7 million. This signifies the expectation of a substantial rally upon its exchange listing.
While shady operations like VADER may taint the overall perception of new meme tokens and altcoins, a beacon of legitimacy comes in the form of WSM. It boasts a robust online presence, solidified by an ardent community and verifiable digital footprints. Originating from the meme stocks movement that sparked the GameStop and AMC rallies of 2021, WSM has garnered over 250,000 Twitter followers, a clear indicator of its legitimacy.
Holding up well against VADER’s tarnished image, WSM’s growing support base grants it a potential to rally big upon exchange listing and promises longevity. Further augmenting its ethos of community centricity, WSM will have a maximum total supply of two million. With 50% designated for its presale and 30% allocated for community rewards, WSM safeguards against significant dumps or market declines due to creators offloading their holdings.
For those lured by this invigorating venture, there’s the opportunity to take part in the sale. By connecting your crypto wallet to the official Wall Street Memes website, purchasing 1 WSM at $0.033 is possible. With this price projected to hike to $0.0337 by the sale’s conclusion, and WSM’s robust community primed to propel the coin’s value upon its exchange debut, WSM provides a promising contrast to the murky waters of unsavory coins like VADER.
In summary, while the crypto world continues to allure with fascinating opportunities, caution is crucial. As highlighted by VADER and WSM, the landscape is fraught with potential pitfalls and promising prospects. The key is diligent research and mindful investment strategies to navigate this dynamic domain efficiently. Remember, the world of crypto is plagued with high risk; always invest with cognizance and care.
Source: Cryptonews
