In a recent announcement, Wall Street Memes coin (WSM) has collected nearly $25 million in its presale, with plans of introducing staking soon. This strategic move places Wall Street Memes at the forefront of bringing financial empowerment to everyday retail investors. The coin’s mission: to monetize the retail investor movement that kicked off in the meme stock frenzy in 2021, granting blue-collared workers a chance at taking on Wall Street head-on.
However, it’s not all fun and games for the WSM team. The upcoming introduction of staking, set to allow token holders to generate a yield from the total token supply earmarked for community rewards, speculates a serious ambience for this nascent coin. Following the conclusion of its current presale stage, anticipated to top $25,928,599, the coin’s price is expected to surge from $0.0334 to $0.0337 in the final presale stage, aiming to reach the hard cap target of $30 million.
While the success of WSM solely depends on the interplay of various crypto market dynamics, if one were to draw comparisons with the likes of Shiba Inu, then potential investment returns could be astronomical.
Cascading back to the community, the WSM coin vies to position itself as not just the biggest presale of 2023, but also the most fair. Deviating from the traditional approach, Wall Street Memes has no behind-the-scenes private sale; rather, the token supply is solely dedicated to its community – 50% for the presale, 30% for community rewards, and the remaining 20% for liquidity.
This coin is gaining traction in the crypto community with influential followers, including the likes of Elon Musk, who has been observed engaging with the Wall Street Memes community on social media. His involvement has led to speculation that he may be the “crypto whale” that invested $1 million in the WSM presale in early August.
As Wall Street Memes’ influence continues to grow, YouTube Crypto Analysts have already started predicting gains for the coin. Prominent analysts, including Zach Humphries and Michael Wrubel, have publicly disclosed their investments in the project. Joe Parys told his 380k YouTube followers that he believes $WSM has strong potential to see 100x returns.
In conclusion, Wall Street Memes is carving out a niche in a market previously dominated by the likes of Dogecoin and Shiba Inu, harnessing the power of retail investors, and offering greater financial inclusion in the volatile world of cryptos. However, investors should proceed with caution and do their due diligence as crypto trading carries significant risks.
Source: Cryptonews
