The fledgling world of meme cryptos has added another entrant to its ranks, PONZI. The coin, designed as a tongue-in-cheek reference to criticisms of cryptocurrency being nothing more than a Ponzi scheme, has experienced a jaw-dropping rise. A sensational surge of over 1000% since its launch is making traders sit up and take notice. From its launch, PONZI’s price catapulted to a 600% gain in the second hour of trading and has been running strong since, hurling towards a second all-time high (ATH) of $0.007 and currently sitting at $0.004813.
A minor setback stirred the waters as a 66% price retracement left over 300 coin holders countering losses. However, the coin’s strong rebound is drawing more eyes and stirring the pot of speculation on its future trajectory. The crucial question everyone’s asking; will this new DEX token defy odds and unlock another day of gains?
Balancing this unprecedented momentum aside, liquidity issues could throw a wrench into the works. With liquidity standing at merely $90,850, this metric carries a potential hindrance to substantial growth. While the DEX traders navigate choppy waters balancing rewards against extreme risks, they have also been exploring lucrative opportunities from another corner of the crypto universe.
Wall Street Memes has caught attention recently with a crowd-pleasing meme coin presale. This project, expected to be the biggest launch of 2023, has already pooled a staggering $22m. The coin, designed as a tangible asset representing the sentiment of anti-bank investors against Wall Street, has a democratic price of $0.03331. The uncommonly high volume of presale activity is perking up ears, with the potential of unlocking impressive gains for investors.
Wall Street Meme’s intriguing strategy of allocating 30% of token supply as community rewards, and 50% up for grabs in presale, has exploded in popularity. The project’s potential listing on major CEX such as Gate.IO could likely shoot the $WSM token to enviable heights. Evoking the success of the Wall Street Bets NFT collection, this latest offering from Wall Street Memes seems well on its way to create waves.
Like all investments, crypto presents inherent risks, and the potential of losses remains as real as the gains. Yet, innovative financial models like these continue to generate a seismic shift in the way we perceive value. Despite the uncertainties, investors are certainly intrigued, and the dance of gains continues.
Source: Cryptonews
