Momentum in crypto markets is showing no signs of slowing down as Hong Kong Inu ($HONG) witnessed an earth-shattering pump of over +50,000%, signalling a return to February’s Chinese narrative. To jog your memory, February 2023 experienced a surge of interest for Chinese-linked crypto projects as Beijing greenlighted Hong Kong’s crypto ambitions, with projects like NEO (the ‘Chinese Ethereum’), Filecoin (FIL), and Conflux network (CFX) seeing gains upwards of +1,000%.
Following the high-octane meme coin season in April and May, which saw impressive moonshot returns for the likes of Spongebob token and COPIUM, attention seems to be back on the Chinese narrative. The week kicked off with powerful uptrends for CHINA coin (+20,000%) and NIHAO (+40,000%). The latest Asia-themed meme coin, Hong Kong Inu, appears to be designed to tap into the crypto community’s love for the iconic Shiba Inu.
However, this token’s impressive launch faced a -55% retracement this morning after reaching a local high of $0.0009287, as early backers took immediate profit on their substantial gains. Yet, with +$3m market cap and $200k in liquidity along with strong buy pressure, the ride may not be over yet.
Predicting which of the numerous fresh-faced meme coins will be the next big winner in the market is no easy task. However, tools like yPredict, which uses AI for analytics, can help both new and seasoned investors make better decisions. Wall Street Memes (WSM), a token born from the Wall Street Bets Movement, has garnered recent attention from yPredict’s analysis and its ongoing presale.
Unlike other meme coins, Wall Street Memes offers a tangible asset by tokenizing the investor uprising’s sentiment against institutional dominance. Boasting over $2.8m in sales so far, WSM is quickly nearing its target of $3m. Accelerated acquisition of tokens suggests potential for early investors to enjoy over 30% paper gains and further price appreciation once WSM gets listed on major exchanges later this year.
Recognizing the importance of its community, Wall Street Memes has dedicated 30% of its total token supply for community rewards, including a current competition offering a $50,000 WSM airdrop to lucky members. The project’s ongoing traction may lead to listings on top-tier crypto exchanges like Binance, potentially spurring even more growth for the WSM token.
The Wall Street Memes presale presents an intriguing investment opportunity, backed by a successful digital asset launch record and an engaged community. For those considering participation, don’t delay – the presale price is set to increase soon.
Remember, always conduct your research when dealing with cryptocurrency projects as they entail significant risk and volatility.
Disclaimer: The information provided is not financial advice from the publishing author or publication. Cryptocurrencies are highly volatile investments with considerable risk; always do your own research.
Source: Cryptonews
