In a noteworthy spectacle, the meme token BTC2.0 has escalated a jaw-dropping 7,000% within the span of 24 hours. This blazing ascendance has pushed the token’s value to $0.1478, catching the attention of even the most seasoned crypto-enthusiasts. Following the same path as its predecessors, namely PEPE and SPONGE and other ‘2.0’ tokens, BTC2.0 banks on its promise of potential gains in what is currently a bearish market.
However, a word of caution. Despite its justifiable appeal, the longevity of BTC2.0’s success appears questionable at best. The token bears no real connection to the original Bitcoin, and its lack of substantial community, as well as credible fundamentals, weakens the foundation necessary for sustainability within the crypto sphere.
In stark contrast, ‘Wall Street Memes’ (WSM) generates a far more promising impression. Its notable presale of $14 million indicates potential for a strong rally post its exchange listing in the upcoming weeks. While it might be easy to lump WSM and BTC2.0 into the same category of ‘meme’ tokens, their trajectories seem to diverge significantly.
WSM has managed to harness the power of community to its advantage. It has a robust backing with a following of over 252,000 on Twitter and boosts credibility through its association with notable events such as the GameStop and AMC rallies of 2021. Plus, a positive signal of potential stability is the fact that WSM escaped the sudden drops and dumps that often plague new meme tokens.
This does not imply that BTC2.0 is doomed for a sharp downfall, especially considering the attention it has garnered with multiple CEX listings. Nonetheless, the absence of a tangible link with Bitcoin and other lacking attributes seems to signal a potential decline in its future.
It must be noted that due to its massive and sudden gains, the majority of retail traders have likely missed their chance to capitalize on BTC2.0. This, however, is not the case with WSM and other new tokens which are yet to be listed. One WSM is currently available for $0.0313 and the sale will conclude once it hits a price of $0.0337, after which, based on its current performance, a price surge is not entirely out of the realm of possibility.
Investing in cryptos entails substantial risk and these insights are merely informative. The chance of losing one’s capital is undeniably part of the equation. However, staying informed and alert in the ever-changing landscape of cryptocurrency can equip one to navigate the market with a calculated approach.
Source: Cryptonews
