Reasons Kaspa Token (KAS) Is Plummeting While Wall Street Memes Powers On

Updated: 25 July 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Amidst the ongoing crypto market downtrend, the Kaspa Token (KAS) saw a notable decline on July 25. However, despite the current outlook, KAS maintains a seven-day gain of over 19% and displays indications of bullish momentum.

Kaspa Coin Price Action

KAS has shown a bullish trend, surging nearly 20% in the past week and rising over 28% in the last 30 days.

Kaspa (KAS) is priced at $0.033 at 5:10am EST, marking a 13.9% decline in the last 24 hours, indicating a weakened bull rally. However, long-term price trends suggest the possibility of a future price surge.

Technical Analysis of Kaspa

KAS/USDT is approaching the middle band of the Bollinger Bands on the daily chart, indicating a possible price trend reversal.

Also, the moving average convergence/divergence (MACD) is above the signal line, showing that KAS is currently observing an uptrend.

The Relative Strength Index (RSI) at 60.69 indicates KAS buyers are receding as the bears dominate the market, potentially leading to further decline in the next few hours.

Recent Development Within Kaspa Ecosystem

The Kaspa community has launched a crowdfunding initiative for an innovative extension wallet development led by community developers KaffinPX and Not Thomiz.

The objective is to develop a Kaspa extension wallet similar to Ethereum’s popular MetaMask wallet.

The upcoming wallet, compatible with Firefox and Chromium-based browsers, incorporates TypeScript, React, MaterialUI, and WASM technologies. It offers the ability to store addresses of frequent interactions with Kaspa, such as friends, family, or businesses.

The integration of a new extension wallet for Kaspa streamlines transactions, making them effortless and time-saving for users. This enhancement enhances the usability and accessibility of KAS tokens, leading to overall benefits for the coin.

The wallet’s compatibility with popular browsers and advanced technologies is expected to draw more users, driving higher adoption and demand for the Kaspa coin.

Kaspa Alternative

Wall Street Memes symbolize the retail movement challenging Wall Street’s control over financial markets. The $WSM token strives to reward loyal users by becoming one of the largest cryptocurrency groups with significant social engagement.

$WSM is renowned for its intriguing potential in the cryptocurrency stock market, achieved through group efforts.

Wall Street Memes aims to replicate the camaraderie and passion seen during the GameStop short squeeze by utilizing its coin’s strength and social media platforms.

The ERC20 meme coin encourages stock market trolling with memes, aiming to increase its value through social media excitement, FOMO, and community support.

Users can explore DeFi opportunities and enjoy a unique memetic charm with Wall Street memes.

Features of Wall Street Memes

Memetic Nature

$WSM attracts numerous investors and enthusiasts with its friendly and light-hearted memetic character, making it approachable and appealing.

The coin’s memetic nature sparks curiosity and garners significant attention.

NFT Integration

$WSM incorporates NFT integration within its ecosystem, capitalizing on the growing popularity of Non-Fungible Tokens (NFTs).

This offers opportunities for unique digital artwork, collectibles, and gaming experiences, providing added value for token holders.

Wall Street Memes Merchandise

The WSB merchandise fulfills two objectives: fostering unity within the Wall Street Memes community and promoting brand awareness and its mission.

The store offers an array of trendy and expressive items, including T-shirts, caps, sweatshirts, and mugs, available on the Wall Street Memes website’s WSB Merch store.

Wall Street Memes Presale

During its presales stage, Wall Street Memes successfully sold off tokens worth $17.3 million, nearing its hard cap of $18 million.

The $WSM token is now live, starting at $0.0322 per 1 WSM. In the next presale stage, the price will rise by 1% to $0.0325.

How to buy Wall Street Memes?

To purchase Wall Street Memes coins while it is still in its presale, go to its website and follow a few simple procedures outlined below.

Select the preferred crypto wallet – MetaMask for desktop transactions or Trust Wallet for mobile device purchasing.
Transfer funds (USDT, BNB, or ETH) to your wallet. As an alternative.
Visit the Wall Street Memes site, select the cryptocurrency you’ll swap with WSM tokens, and copy the wallet address.
Return to your wallet, click the send button, choose the same cryptocurrency you selected before, paste the wallet address, choose the amount you want to send, and click Send.
To receive MATIC tokens, open your software wallet, click “receive,” select MATIC and copy the MATIC address.
Finally, paste this address into the designated box on the payment received page of the Wall Street Memes website.