Pepe Coin, the meme cryptocurrency that has created waves in the past, experienced a 10% surge recently within 48 hours. This comes at a time when regulatory pressure from the U.S. Securities and Exchange Commission has contributed to a sell-off in the market. As the market remains uncertain whether this means the beginning of a rally or a fluctuation, many investors are looking for alternatives such as Wall Street Memes Token (WSM) for more promised gains.
Pepe Price Surges 10%, But Are Investors Missing Out On The Ultimate Meme Coin Of 2023? (WSM)
Check out the Wall Street Memes Token and its potential amid Pepecoin's 20% surge. Read more to understand the potential of holding $WSM in the future.
Pepe Coin’s Fluctuations and Slim Possibility of Rebound - Time to Buy WSM?
The recent price wave that PepeCoin experienced following a significant downturn in its value amounted to an 80% increase in recent weeks. This has raised multiple concerns among investors and analysts. However, the recent increase of 10% has made many optimistic about a rebound.
$PEPE has also attracted negative attention due to reports of a 1 trillion PEPE sell-off, rumoured to be caused by insider dumping. The previous sharp decline in value also led many to doubt the long-term viability of the token and its prospects.
At present, there is a lot of uncertainty regarding the future direction of the meme coin. Investors are better off focusing on other projects that have the potential to deliver consistent profits. This brings us to the Wall Street Memes Token ($WSM).
Wall Street Memes Token ($WSM): Is It Better Than $PEPE?
Pepecoin’s surge has prompted many investors to consider investing in meme tokens again, especially those who are experiencing FOMO over $PEPE. However, when it comes to a better option, there is one: the Wall Street Memes Token ($WSM).
The Wall Street Memes Token ($WSM) has become one of the most successful tokens of the year. By leveraging a massive community behind it, the token is speeding through a highly successful presale at the moment.
$WSM originated as a tokenized revolution against Wall Street corruption and greed. Its roots can be traced back to the infamous GameStop scandal that rocked Wall Street. The main community backing it receives comes from the Reddit group r/wallstreetbets, which consists of smaller investors who exposed the machinations during GameStop’s short squeeze.
The GameStop Scandal and the Origins of Wall Street Memes Token
As mentioned before, $WSM has its origins in the GamStop scandal of 2021. This major financial event involved a massive short squeeze on the stock of American video game retailer GameStop. It was triggered by users of the subreddit r/wallstreetbets, an online forum for amateur traders. They noticed that GameStop was being heavily shorted by hedge funds and other institutional investors.
In an effort to create a surge in demand and price, this group of users decided to buy GameStop shares and options en masse. With time, others soon joined in and held the stock, using slogans, memes, and hashtags on social media platforms.
As a result, GameStop’s price skyrocketed from $17 to $480 at its peak, an increase of more than 2700%. Short-sellers experienced huge losses of $5 billion in total, with some of them closing their positions. Some other stocks, such as AMC Entertainment, Nokia, Koss, and BlackBerry, were also negatively affected.
The event sparked controversy and debate over the role and regulation of social media, hedge funds, market manipulation, and online trading platforms. It also represented the internet’s win over larger investors, which sparked the idea behind Wall Street Memes Token ($WSM).
What Makes Wall Street Memes Token Different from Other Memecoins?
The main differentiator between the Wall Street Memes Token and other meme coins is its mission: to disrupt the traditional financial landscape by empowering everyday investors. It is a mission that unites millions of people around the globe. On the other hand, meme coins such as $PEPE do not have any real-world utility and rely solely on the hype generated by social media.
While the communities behind other popular meme coins are strong, the one behind Wall Street Memes Token ($WSM) is on another level. The Wall Street Bets group has more than a million members, who are more than happy to back this new project. This is a clear advantage of $WSM over other meme coins and serves as a clear indication of its future potential. On the other hand, Pepecoin and its community are dwindling as supporters are slowly leaving the project.
Wall Street Memes Token Experiences Massive Presale
The presale for the Wall Street Memes Token started some time ago and has already raised $8,977,079.4 out of a target of $9,909,000. Currently, $WSM is priced at $0.0298, which will only increase as each stage of the presale gets over. This ensures that early investors will benefit more once the token goes public.
The token will be listed on several centralised and decentralised exchanges once the presale ends. This will be followed by a large campaign to raise awareness and introduce the token to the public. Many analysts expect the token value to explode at this stage, securing a high ROI for all investors involved.
$WSM Has the Most Potential In the Market
Wall Street Memes Token ($WSM) stands tall among other meme coins thanks to a well-defined roadmap and clear vision. Older meme coins such as $DOGE and $PEPE are simply unable to keep up with the new generation of meme coins. They lack focus and are desperately trying to rebrand themselves to stay relevant.
Unfortunately, the majority of their efforts are going down the drain, much to the disappointment of their holders. It is now time for those investors to reconsider their strategies and look elsewhere. The new wave of coins, such as $WSM, outperform others and are fueling a movement that is likely to play a key role in the future of finance.
Conclusion
PepeCoin’s comeback seems like a significant and short-lived one that won't amount to much. The downward path that $PEPE is experiencing is likely to continue. $WSM is breaking all records with its presale and is on its way to becoming one of the biggest tokens of this year.