Over the past few days, the DEX markets have been agog with the buzz created by XTwitter-themed tokens. Notably, BabyX, named following Elon Musk’s controversial rebrand of Twitter to X, shot up by an astonishing 37,000%, leaving traders scurrying. The neonate token was thrust further into limelight following its endorsement by Chinese altcoin influencer, Crypto Angel. Currently, BabyX is trading at $0.0253, marking a gigantic 24-hour change of +38,038% since its roll-out at 3:00 AM on August 23.
Despite its explosive gain eating into the subsequent price action, BabyX continues to spotlight higher highs with a strong technical structure. The token still holds potential with a total market cap of just $2.54 million. But traders with better risk management and patience are veering towards the Wall Street Memes presale, offering an alternative with lesser volatility.
Wall Street Memes, a project spawned out of the anti-bank investing sentiment, has successfully transformed powerful community feelings into a tangible asset and raised over $25 million in seed funding. It now stands to become the most successful meme coin presale of 2023. Investors are increasingly leaning towards $WSM token due to its democratic pricing of $0.0337 that promises lucrative gains post its CEX launch.
An anonymous crypto whale invested $1 million in the Wall Street Memes $WSM presale in August, boosting the confidence regarding its potential ROI. Coupled with the fact that 30% of the token supply is allocated for community rewards and 50% for the presale, Wall Street Memes is steadily growing to appeal to the masses. With a staggering community growth equalling 1 million followers, the token is most likely to witness major CEX listings, thereby maximizing its moonshot potential.
Overall, it appears that the battle between BabyX and Wall Street Memes projects is shaping the future of meme coins in the market. On one hand, BabyX’s sharp rally indicates high risk but massive ROI, while on the other, Wall Street Memes looks to create an anti-bank movement with a promise of substantial gains post the listing. It is advisable for investors to carry out their own due diligence before becoming a part of these potential moonshot projects.
Moreover, a word of caution: though crypto-assets hold bright prospects, they come with significant risks, and investors stand a chance of losing their entire capital. Therefore, proper research and risk assessment are vital while navigating this highly volatile asset class.
Source: Cryptonews
