Celsius In A Slump While Wall Street Memes Tops $12.9 Million In Presale

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Celsius is a cryptocurrency platform that offers users high-yield interest on crypto deposits. It was founded in 2017 by Alex Mashinsky and S. Daniel Leon, with the platform headquartered in Hoboken, New Jersey.

Over the years, this platform has offered loans in 40+ fiat currencies and crypto assets. They also have a user database of over 1.3 million and have processed $10 billion worth of loans.

Celsius ($CEL) is the platform’s native token. The token performs various internal functions and is regularly issued to reward users with payouts and interest on their holdings.

Until June 2022, the currency had performed well and stayed relevant in their loans and wallet-style payment services.

However, when Celsius suspended their withdrawals and transfer options due to extreme market conditions, concerns about the currency’s authenticity were raised.

This suspension subsequently led to a decline in the token’s price, and investors within the community started to back out, especially as no resumption time was announced.

Currently, on most crypto exchanges, Celsius is no longer tradable and has been delisted too. Although there have been slight changes in its recent price action, the charts are still reading in the red zones with no uprising in view.

Hence, the currency is in its bearish slump phase with an uncertain future.

Recent Price Action of Celsius (CEL)

Celsius ($CEL) currently trades at $0.1504, with a significant decrease of 10.95% in the last 24 hours. The currency has also plummeted by 27.82% in its trading volume, recording market activities in the sell zone.

Based on historical data, Celsius had positive strides at the beginning of 2023. The coin’s price is still far behind its all-time high and was positioned within the $0.5 to $0.7 range.

It is worth noting that Celsius’s all-time high (ATH) was recorded on June 4, 2021, at $8.05. However, with the fall of 2022, the currency’s value has not been able to reach such high selling points to date.

As of June 4, 2023, exactly two years after the coin’s ATH, the trading price was $0.2348. It opened the day at $0.2304 before adding a few pips to close at that price. Before that day, the coin traded at $0.2056, $0.2077, and $0.2309 on June 1, 2, and 3, respectively.

On June 5, the coin suffered a decline and fell to $0.1899 at the close of the day. It rose to $0.2023 the next day but couldn’t hold its position and returned to the $0.18 mark on June 7.

The decline in the Celsius price continued for days, registering fluctuations at high levels, and significantly dropped to $0.1047 on June 17. This value remains the currency’s least price in the last 30 days.

Moving forward, minute but gradual progress was observed in the daily selling price of the token, recording high significant values three days in a row.

The first was on June 29 at $0.1629, and the second was on July 1 at $0.1961, which accounted for the coin’s second-highest selling price since June 4.

The third was three days ago, when the coin closed at $0.1825 on July 3. These frequent rises and falls in the historical data explain why investors are backing out their numbers from the project.

Probably as a soothing touch for its failures as an ecosystem, the coin has canceled all charges on transactions and is proposing recovery strategies. However, there is news that the firm is moving its altcoins to swap for Bitcoin (BTC) and Ether (ETH) shares.

Also, the lawsuit filed by the Commodity Futures Trading Commission (CFTC) against the network and its former CEO, Alex Mashinsky, may incur adverse effects on investors’ trust in the token. Hence, the likelihood of any surge is not soon, and some experts in the industry entirely agree too.

Investors are even less patient, with tons looking for alternative coins with promising growth. Thankfully, some of these altcoins, and notable ones, like the Wall Street Meme (WSM) currency, are already hitting over $1 million in presales.

Wall Street Memes As Celsius Alternative Hits $13 Million in Presales

Wall Street Memes is a memecoin project with plans of bringing back the historical culture of the original wall street dwellers. The project uses meme power to connect to the crypto industry and unite small-time investors with solidarity.

As another part of its objectives, $WSM concentrates its strength on providing opportunities for early investors while building a community of like-minds.

Most likely attracted by the humor the project utilizes in its campaigns, there has been an influx of people to the project, accruing more than 40 million impressions monthly.

After its presale debut in late May, Wall Street Memes swiftly garnered global recognition among cryptocurrency enthusiasts, pushing the project to surpass the significant milestone of $13 million.

Wall Street Memes distinguishes itself from the many other meme coins that are saturating the market, with an impressive background and expertise.

The individuals behind Wall Street Memes are well-versed in the digital realm, as evidenced by their previous triumph in launching the widely popular NFT collection “Wall St Bulls” in 2021.

This collection astonishingly sold out all 10,000 pieces in a mere 32 minutes, generating an astounding $2.5 million in proceeds for its creators.

Features of Wall Street Memes

The success of the new meme coin $WSM is evident in the impressive $12 million raised during its initial fundraising phase (presale).

Strong community engagement and support could be key to fundraising success.

The meme coin’s team has fostered an active and passionate community, leveraging social media platforms and online forums to spread awareness and generate excitement.

This community-driven approach has encouraged investors to participate and contribute to the coin’s growth.

Furthermore, the groundwork for Tier-1 Centralized Exchange (CEX) listings has been established for Wall Street Memes, as prominent figures like Elon Musk have engaged with the project’s content.

These CEX listings are planned to take place once the presale phase comes to a close. Moreover, the timing and overall market sentiment also play a role in fundraising success.

With the cryptocurrency market experiencing increased attention and interest, investors are actively seeking new opportunities.

The rise of meme coins as a trend within the broader crypto landscape has fueled the hype, attracting seasoned investors and newcomers looking for the next big thing.

$WSM Presale Performance

The presale of $WSM has seen remarkable success, achieving a significant milestone reaching a high of $13 million. The presale stage is divided into 30 rounds, with the project in its 21st stage.

On May 30, 2023, the presale surpassed $1 million in its second round, and a few days later, it secured an additional $2 million, totaling $3 million raised by June 3, 2023.

The project continued its momentum, accumulating $4 million on June 5, 2023, and $5 million on June 9, 2023, indicating an additional $1 million raised in just four days.

This continuous rise indicated the strength of their investor’s confidence and showed a potential opportunity for others yet to invest. The $WSM presale maintained its upward trajectory, reaching $6.2 million by June 14, 2023, and increasing progressively.

This new benchmark of $13 million achieved by the token occurred in the last few hours as the target to reach $13,564,084.06 is in view. The Wall Street token is sold at $0.0310 and will increase slightly in the next stage to a high of $0.0313.

The next stage is in about 24 hours, which leaves some time for newbies to opt in and existing investors to buy more. Greed is good, after all.

As the value of the coin increases, more opportunities are presented for community members to benefit from the projected growth of the coin.

There is active encouragement from the entire Wall Street Memes development team, and media posts are constantly shared for prospective interests to be converted before the official listing.

For more traffic generation to the site, the $50K $WSM airdrop is still ongoing as the team promises to give away $50,000 worth of $WSM tokens to 5 lucky persons.

The steps for participation are simple to follow, as interested individuals are only required to follow the community on their social media platforms, visit the official website, buy some $WSM tokens, and submit proof of purchase. After the token listing is complete, the lucky winners will be announced on the project’s Discord server.

How To Buy $WSM

Buying the $WSM token in presale can be done in three simple steps, and you can buy using ETH, BNB, USDT, or a bank card.

Step 1

Using your preferred blockchain option, send ETH or BNB to your wallet. Then, on the official site where the presale widget is visibly shown, swap your ETH/BNB for $WSM.

Step 2

Using USDT (ERC-20 or BEP-20), select the USDT option on the presale section, then swap your desired amount.

Step 3

You can order your $WSM token to your crypto wallet address via your bank card and get it sent instantly.

Step 4

Refresh your wallet and ensure the $WSM token has been sent.

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