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Wall Street Memes ($WSM) continued to amaze the crypto community throughout its presale by successfully gathering more than $9.7 million and counting. Even well-known figures like Elon Musk have expressed enthusiasm for the endeavor and spurred people’s desire to invest in the $WSM token.
$WSM: The market’s most popular currency
The Wall Street Memes presale kicked off less than one month ago, and since it was first introduced, the project has had tremendous success in terms of its popularity. Investors have been coming in droves to purchase $WSM tokens, given that they’re being offered at a low price point. See our guide to the best crypto ICOs to invest in here.
Wall Street Memes is yet another memecoin that has seen an increase in demand, and the token is now one of the market’s top investments. At this time, it is being offered for presale. Wall Street Memes, an online brand that claims to have more than one million followers across all platforms, is responsible for the creation of the initiative.
The Wall Street Bets Reddit movement served as the motivation for the creation of the social media brand Wall Street Memes, which debuted that same year (2021). Through the use of the Wall Street Memes token, the team will bring their vision for the movement into the cryptocurrency space.
The same people who came up with the Wall Street Bulls NFT collection have created a new token that allows everyone who was unable to partake in the memecoin craze the first time around to do so once more. See our guide to the best low market cap crypto to buy here.
Wall Street Memes are getting close to the $10 million mark
Wall Street Memes is making rapid progress through its presale phases. This sets it apart from the majority of memecoins, which are vulnerable to strategies known as pump and dump. Already having raised more than $9.7 million, the platform is getting closer and closer to reaching the $10 million mark in terms of total funding.
At this time, the $WSM token can be purchased in a presale for a price of $0.0301. Over the course of the next 48 hours, the price will begin to rise up to $0.0304, and it will continue to rise up in little increments all the way through the presale until it reaches its final price of $0.0337.
Tokens can be acquired on the Wall Street Memes presale website by exchanging ETH or USDT tokens or by using a credit card. See our guide on how to buy $WSM token here.
The popularity of Wall Street Memes has been boosted by celebrity attention
In the cryptocurrency industry, a memecoin is not considered legitimate unless it has the backing of a celebrity or a group of celebrities. Dogecoin was initially conceived as a joke, and various celebrities helped spread the word about its existence. See our guide to the best memecoins to buy here.
— Wall Street Memes (@wallstmemes) June 22, 2023
The Chief Executive Officer of Twitter, Elon Musk, is an outspoken advocate of meme currency, and he has recently become interested in Wall Street Memes. On Twitter, Elon Musk has been highly engaged with the Wall Street Memes, and as a result, many of his followers have shared their thoughts on his remarks regarding the meme project.
The fact that Musk is supporting a memecoin can improve its chances of success, and this has been seen in WSM’s presale. Based on the widespread recognition it has received, Wall Street Memes should be the next currency it invests in if the goal is to make large market gains. See our guide to the best altcoins to buy now here.
However, this has led to a lot of speculation among cryptocurrency analysts about where the $WSM token will end up if it is listed on the prominent CEX and DEX in Phase 2 of the project’s schedule. Both of these exchanges are on the project’s roadmap. See our Wall Street Memes price prediction here.
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