In just two days, Wall Street Memes (WSM), one of the most anticipated crypto presales of 2023, is set to launch on exchanges, with Binance rumored to be among the top-tier platforms under consideration. WSM aims to capitalize on the meme stocks frenzy and bring that energy to the world of cryptocurrency.
A Community Powerhouse:
WSM has garnered massive attention due to its ambitious plan to merge the meme stocks movement with the crypto space. Backed by a community of over one million financially savvy individuals, including interactions with none other than Elon Musk, the allure of turning modest investments into potential millions has drawn many to WSM.
Exchange Listings Await:
According to the Wall Street Memes website, in three days, the token will see its first tier 1 centralized exchange (CEX) listings. It is strongly believed that at least two of these exchanges rank in the top 10 globally, with Binance being a potential candidate.
Binance's Role:
Binance, despite recent regulatory challenges, is eager to maintain its status as a dominant player in the crypto exchange landscape. As trading volumes across the crypto market have hit multi-year lows, exchanges are fiercely competing for market share. Tokens like WSM, with the potential to generate substantial trading fee revenues, align with Binance's strategy.
Comparing WSM to Pepe:
The recent history of Pepe, which witnessed a nearly 1,000% price surge upon listing on Binance, demonstrates the significant influence a Binance listing can have on a coin's value. Even if Binance isn't the first to list WSM, the involvement of Elon Musk within its community makes it an attractive prospect for the exchange.
Presale Opportunities:
With three days left until the first listings are announced, WSM's presale remains open, offering tokens at what might be their lowest-ever price of $0.0337. Should WSM experience a 10x price pump at launch, a $10,000 investment could potentially grow to $100,000.
Diverse Exchange Listings:
The Wall Street Memes team has expressed its commitment to listing on multiple tier 1 exchanges, ensuring that token holders can anticipate exciting market developments.
The Birth of Wall Street Memes:
WSM emerged from the meme stocks phenomenon during the height of the Covid-19 pandemic. In 2021, retail investors famously challenged Wall Street giants by supporting unconventional stock darlings like GameStop, AMC, and Robinhood, even leading to the bankruptcy of at least one hedge fund.
Building a Rewarding Community:
WSM's vision extends beyond its presale. It aims to create a community rewards-based system, starting with a popular stake-to-earn feature. While additional product releases are shrouded in secrecy, the project's track record suggests substantial plans.
Staking Success:
The Wall Street Memes staking service has garnered immense popularity within the community. Currently, 372 million $WSM tokens have been staked, offering an impressive annual percentage yield (APY) of 54%. This equates to 37% of the tokens allocated to the presale, locked in the staking pool smart contract.
Tokenomics and Marketing Ambitions:
With a maximum token supply of 2 billion, WSM's tokenomics allocate 20% to staking rewards, 20% each to decentralized and centralized exchange liquidity, 50% for marketing, and 30% for community rewards. The project's significant allocation to marketing underscores its ambition.
Proven Marketing Prowess:
WSM's team has already demonstrated its marketing prowess by successfully raising at least $25 million for the project. Over the past couple of years, they have cultivated a vibrant online community and launched successful products, including the Wall Street Bulls Ordinals NFT Collection.
Elon Musk's Influence:
The involvement of Elon Musk within the WSM community adds another layer of credibility. When it comes to meme coin influencers, Elon Musk's interactions hold immense significance. His support has previously propelled coins like Dogecoin to unprecedented heights.
Crypto Community Backing:
With an online community boasting more than one million engaged traders, Wall Street Memes has become one of the internet's most influential retail investing communities. It has a strong presence on Instagram, with its Wall Street Bets account alone amassing 534k followers, alongside others like wallstgonewild and wallstbullsnft.
Bullish Forecasts:
Crypto experts, including prominent YouTubers like Zach Humphries, Joe Parys, and Michael Wrubel, are bullish on WSM. Predictions range from a 10x gain at launch to the potential for WSM to become the next Pepe by monetizing meme stock movements.
The Countdown Begins:
As the excitement surrounding Wall Street Memes intensifies, there is still an opportunity for investors to consider WSM before its price potentially surges upon listing. The token is accessible on the Ethereum blockchain and BNB Smart Chain, with the option to use ETH, BNB, or USDT (ERC-20 or BEP-20).
Remember that investing in cryptocurrencies carries risks, so conducting thorough research and assessing your financial situation and risk tolerance are essential before making any investments. The crypto market is highly volatile, and it's important to exercise caution and diligence.