Lately, most of the news coming out of the crypto market seems to be about meme coins, like the recent Dogecoin (DOGE) pump. The OG meme coin is on the move again, adding almost 10% in the last seven days. The token has been on an upward trajectory since the start of July, but with significant oscillations, causing some experts to express doubt about the sustainability and long-term prospects.
Despite the recent gains, DOGE seems unable to break the resistance level at $0.095, staying below it since May 2022. The perceived ceiling has triggered skepticism in certain insider circles, especially as another prospective meme coin emerged. Wall Street Memes (WSM) has just announced that its presale has smashed the $13 million threshold, reaffirming predictions that it will be the next explosive coin in 2023.
The news was welcomed by the WSM community, more than one million strong, and has already triggered a significant realignment in the market as more and more investors catch wind of this amazing project. One issue that is especially causing them to scramble is the fact that presale is rapidly coming to an end and those who want to catch WSM on the ground floor need to hurry.
Dogecoin Pumps, but Investors Remain Concerned
On the surface, the Dogecoin pump seems like great news, but a deeper look reveals several causes for concern as several analysts have pointed out.
The first one is that DOGE has fallen below the bullish trendline it has held for a long time. This is a clear indicator that something is rotten in the state of Dogemark and careful investors are taking note and preparing for some portfolio shuffle. Despite a clear bearish trend, there simply aren’t enough buyers to support the pump and we can expect a sharp decline in the near future.
The second worrisome fact is that, even though DOGE has gained almost 3% in the last year, it is down 33% compared to Bitcoin. The BTC price is one of the strongest indicators of the overall market’s health and any asset that is falling behind in this metric is clearly signaling distress.
Considering both of these indicators, it becomes obvious that DOGE is in trouble and that buying it at this time wouldn’t be wise. On the other hand, WSM is perfectly positioned to explode once it hits the open market and is currently the best buy on the market.
The Next Explosive Coin – Is Wall Street Memes A New Dogecoin?
Wall Street Memes has all the characteristics of an explosive meme coin. It is popular, it is viral, and it has the backing of a massive online community. But most importantly, it has something that clearly separates it from the rest of the herd – it has a mission.
WSM is a token of the revolution, a badge of honor for the members of the movement that decided to stand up to the Wall Street oligarchy and call them out on their corruption. The GameStop saga revealed to the entire world just how dishonest the system is and what Wall Street moguls are prepared to do to protect it. One positive thing that emerged from the whole fiasco is the Wall Street Memes movement.
With millions of members of r/WallStreetBets backing it, WSM represents a movement that threatens the very core of late-stage capitalism. That spark is what separates it from the rest of the meme coins, mostly designed for shits and giggles and with no deeper purpose. It is the reason why so many experts agree that Wall Street Memes can be the next Dogecoin, even outperforming tokens like Pepe and 4Chan.
Wall Street Memes Presale is firing on All Cylinders
With more than $13 million raised, Wall Street Memes is having one of the most successful presales of the year so far. The popularity of this incredible meme coin is skyrocketing, as we seem to witness a new milestone achieved almost weekly. As the allocated presale supply dwindles, the token is racing towards its first listings on crypto exchanges, forcing investors to commit and jump on the bandwagon before the price explodes on the open market.
Divided into stages, the presale is structured in such a way that each new stage brings an increase in price. This also adds to investors’ anxiety as they try to buy as many tokens as they can and prevent another FOMO event, like most of them experienced with PEPE and especially 4CHAN.
Experienced Team Behind WSM Inspires Trust
Before embarking on the WSM journey, the team behind this revolutionary meme coin launched Wall Street Bulls, an NFT collection that famously sold out in just 32 minutes. With their pedigree firmly established, they were able to leverage their reputation into Wall Street Memes and ensure the community about their commitment. The trust between the developers and the community is a key element that can make or break any crypto project, especially meme coins, and in this case, that link is very strong. It is a solid foundation for the future success of WSM and a sure indicator of its future success.
Conclusion
Even though Dogecoin is pumping, many analysts are expressing doubts about the sustainability of its growth. Several key indicators suggest that the price increase is not based on real market parameters. The lack of buyers and diminishing trading volume are driving the investors away from DOGE and toward the next wonder meme coin, Wall Street Memes.
With a record-breaking presale, WSM is perfectly poised to become the next explosive crypto and make an even bigger splash than PEPE and 4CHAN. Although the clock is ticking, there is still time to get on the ground floor of this extraordinary token and set yourself up for some massive ROI once it hits the crypto exchanges later this year.
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