Pepe Coin (PEPE) and Wall Street Memes (WSM) were two of the most talked about meme coins of 2023 for very different reasons. Pepe Coin single-handedly reignited interest in the meme coin market when it pumped by thousands of percent and made investors millionaires overnight.
Wall Street Memes, on the other hand, was the most anticipated presale a meme coin has ever had, and it raised over a whopping $25 million. Today, though, both meme coins are struggling and losing a lot of their worth. However, a Wall Street Memes Casino airdrop could be about to save the day for both meme coins.
Will the casino prove to be the spark Wall Street Memes need in 2024?
Wall Street Memes (WSM) is a valuable lesson for all crypto investors; there is no such thing as a sure thing in this game. Because, if there were, Wall Street Memes would be one of the best-selling meme coins on the market right now.
As it stands, however, WSM has lost nearly 70% of its value since its launch. This is despite it being one of the most successful presales the market has ever seen. We are not here to talk about the negatives, though, we actually think this is a perfect buy-low spot for WSM, as we are predicting it to make a massive comeback in 2024.
One of the main reasons for this will be the Wall Street Memes casino. For a meme coin, the ecosystem of Wall Street Memes is packed with utility. One of the standout features is its casino which launched late last year.
In the first month of its launch, almost 19k users signed up to the Wall Street Memes casino and that number has been exploding ever since. Considering the very generous 200% first deposit bonus that they offer after sign-up, this is no surprise.
There is plenty to keep customers around, too with over 5k quality casino games, players will always have something new to try out. The casino also has an excellent sportsbook and accepts a number of crypto as payment, including Bitcoin, Dogecoin, Cardano, Solana, Ethereum, XRP, Tether, and, as of just now, Pepe Coin.
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— Wall Street Memes Casino (@wsmcasino) January 23, 2024
How the PEPE airdrop could be the catalyst for a potential rebound
The Pepe Coin airdrop is already having the desired effect on both meme coins. At the time of writing, PEPE is up over 4% today. While the airdrop and casino are great catalysts for Wall Street Memes it should not be forgotten all the other factors the project has going for it.
The reason its launch was so anticipated and its presale raised so much money is because of the Wall Street Memes brand. Born from the aftermath of the Redditors that took on Wall Street in 2021 and bankrupted a hedge fund after bulk purchasing brick-and-mortar stock, Wall Street Meems is on an online anti-bank movement for the little guy.
Their online presence has exploded, and they now have well over 1 million followers across their social media accounts, which include over 300k followers on X (formally Twitter). Despite the meme coin struggling, the account on X has grown by nearly 100k since its presale began, so clearly, there is still an appetite for the product.
It should also be noted that crypto enthusiast Elon Musk is also a fan of their content and has interacted positively with the account on his site, X, on numerous occasions. If he were to take an interest in WSM, you can be sure the meme coin would pump, considering the influence he has over the market.
The last reason we are so high on WSM making a comeback is the project is not standing still. They are doing everything they can to succeed. Staking has been added to the ecosystem to add a layer of security, and buy-back and burn events have and will take place again in the future to create scarcity and increase the token’s worth.
Wall Street Memes airdrop could be the kickstart Pepe Coin needed
It has been a rough start to 2024 for Pepe Coin (PEPE), as it has been in the red for almost all of January. However, as we can see from its 24-hour performance chart on CoinMarketCap, today has been a big bounce-back day. This is likely thanks to the Wall Street Memes airdrop and the fact you can now use PEPE as a payment method for the casino.
While PEPE has been struggling a little as of late, you cannot write the meme coin off due to its cult status. Its explosion last year was one of the most interesting stories to ever happen in crypto, and because of that, Pepe Coin has always remained relevant.
A meme coin’s ability to go viral is crucial, and Pepe Coin still has that. That is why we think it is another meme coin that represents a good buy-low spot.
Conclusion
So, as you can see from our above analysis, we think that in 2024, both Wall Street Memes and Pepe Coin could make significant comebacks. Of the two, we think WSM represents the best investment option. Its ecosystem just has too much going for it not to be a success. Expect it to pump sooner rather than later.
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