The cryptocurrency world has seen the emergence of many types of tokens over the years. However, none have been more intriguing than meme coins. The meteoric rise of meme coins and shitcoins such as SafeMoon, Fegtoken, Dogecoin, and Shiba Inu is evidence of their success.
However, investors are always on the lookout for the next breakout cryptocurrency to divert their investments into. A popular coin being labeled as the next meme coin breakout star is Wall Street Memes ($WSM). Let’s see whether a $1000 investment in $WSM will amount to massive gains going forward.
Wall Street Memes ($WSM): The Breakout Star among Memecoins
Not all meme coins, such as Dogecoin, have an interesting origin story. However, the meme Token has an interesting background, which also makes it markedly different from most other meme coins.
Wall Street Memes Token ($WSM) is a meme coin that was inspired by the famous Wall Street Bets movement and the popularity of “meme stocks” like AMC and GME. While it has no intrinsic value or utility, it aims to reward early investors and create a community of meme followers.
The $WSM token is currently in its presale stage, which started back on Monday, June 6th, 2023, with a hardcap of $30,577,000. It has currently raised $14,226,015.36, which is quite an achievement when it comes to a new meme coin.
At a time when other meme coins such as $PEPE and $DOGE are struggling due to market uncertainty, $WSM has b
een doing the opposite. Its ongoing pre-sale has attracted the attention of several influencers and celebrities, such as Tesla founder Elon Musk and others.
The Origins of Wall Street Memes Token ($WSM)
Not all meme coins have a detailed origin story, but this is not the case with Wall Street Memes Token. In fact, the project was born out of the infamous GameStop shares saga in 2021.
The year 2021 witnessed one of the most remarkable and unexpected financial phenomena in recent memory. It involved the huge short squeeze of GameStop (GME), the video game retailer, and some other securities.
A group of users of the subreddit r/wallstreetbets initiated the short squeeze after discovering that GameStop was heavily shorted by hedge funds and other institutional investors. They bought the stock so much that the price soared to a high of $483 on January 28th, 2021.
This unparalleled event rocked the foundations of Wall Street and challenged the established order of the existing financial industry. The Wall Street Meme Token emerged from this movement as a symbol of the internet’s victory over capitalism. It has tokenized the movement with the help of its native token, $WSM
Wall Street Memes Token: Making a Splash in a Big Way
A huge short squeeze of GameStop (GME), the video game retailer, and some other securities, was one of the most remarkable and unexpected financial phenomena in recent memory.
It happened in 2021, when a group of users of the subreddit r/wallstreetbets bought the stock so much that the price soared to a high of $483 on January 28th, 2021. They did this after discovering that GameStop was heavily shorted by hedge funds and other institutional investors.
The Wall Street Meme Token was a symbol of the internet’s victory over capitalism that emerged from this unparalleled event. It challenged the established order of the existing financial industry and rocked the foundations of Wall Street. With the help of its native token, $WSM, it tokenized the movement.
Wall Street Memes Token ($WSM): Amazing Tokenomics
The main ingredient behind making any meme coin successful is a good tokenomics model. Wall Street Memes ($WSM) doesn’t disappoint in this regard, as it has a transparent tokenomics model that has been explained in detail on the official website.
$WSM is investing a whopping 50% of their resources into marketing in an effort to bring in top ambassadors and expand their social media outreach. They have also allocated 30% of the tokens towards community rewards in an effort to reward their patient supporters.
Additionally, the project has allocated 10% of the tokens towards centralized exchange liquidity to keep the token flow as smooth as possible. Another 10% is allocated towards DEX liquidity. All these moves make sure that almost everyone in the meme-loving community has access to $WSM tokens.
Stand a Chance to Participate in the $WSM Airdrop
To galvanise its community behind the project, $WSM has announced a token airdrop campaign. Launched originally on June 26, 2023, it has already received 35,000 entries. Anyone can stand a chance to become one of the five lucky winners and stake their claim on a $10,000 prize.
To sign up for this awesome campaign, one simply has to head over to the official website and follow the instructions to be in line to receive the massive airdrop awards.
On the Way to a $1 Billion Market Cap: Time to Invest in $WSM?
Wall Street Memes Token is aiming to achieve a massive $1 billion market cap. It is expected to launch with a market cap of around $67 million. This means it will have to appreciate 15 times in value to reach $0.50 after launch.
Analysts believe this is possible, as they believe that a $1000 investment in $WSM today can produce $65,000 in the future. There are enough opportunities to get the tokens at a discount even if one missed the first presale stage.
Conclusion
As meme coins such as $PEPE and $DOGE are starting to lose their value and following, many smart investors are looking. It has a carefully formulated strategy and a good community behind it to experience the upside that analysts have predicted. So join in the meme magic now and invest in $WSM.
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