Thumper Rumbles Ahead: THUMPER Price Targeted to Surge 80%

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THUMPER was listed on Uniswap decentralized exchange and Dextools.io on September 3. Its price at 5:07 am EST is $0.049, representing an 8% decline in the last 24 hours.

Despite the present drop, the token shows a promising price pattern on the charts and may likely attain a higher price level in the coming days.

THUMPER Hits $0.05 Shortly After Launch

THUMPER recorded a price value of $0.050 a few hours after its listing on Dextools.io, while its trading volume surged by 554%.

Everything on this page now looks beautifull. The great battle begins.

$THUMPERhttps://t.co/WflfieHBat pic.twitter.com/sk4TAETkdk

— Thumper_Token (@Thumper_Token) September 3, 2023

Also, on September 3, the THUMPER/WETH pair featured on the Dextools.io hot pairs list, ranking number three.

Only few hours of launch.

Thumpers out! 🫡 pic.twitter.com/x6XwIZSjbo

— Thumper_Token (@Thumper_Token) September 3, 2023

Its total supply is capped at 6.9 million, making it quite scarce and likely one of the factors boosting its overall value.

Also, according to information from Dextools.io, the 24-hour trading volume is $4.6 million, with 2.19 million tokens locked in liquidity pools representing (31.7%) of the total liquidity.

The strong tokenomics of this ecosystem shows a commitment to retaining long-term value for THUMPER tokens.

THUMPER Tokens Rise Might Be Linked with Disney-Inspired Theme

According to the Thumper token whitepaper, THUMPER is a fun, community-driven token that is ERC-20 compliant and inspired by a Disney character, Thumper, the rabbit.

The goal is to build a supportive community to maximize the token’s potential. THUMPER did not go through a presale but a launch, which the developers claim was fair and transparent.

According to the developers, the token had been audited and thoroughly tested to ensure the safety of its users.

Also, they claim that the contract source code is an exact copy of the original Shiba Inu contract, although it has no burn function attached. Therefore, it is safe to say that the THUMPER token is a memecoin. Although the developers claim its security is verified, no proof exists to support it.

Disney is one of the largest organizations in the entertainment niche. Therefore, THUMPER might be indirectly benefitting from the popularity of the Disney Thumper franchise, although it is not affiliated with the project.

THUMPER’s Retracement Likely Due to Rising Negative Sentiments

Despite THUMPER’s early surge, some adverse reactions from some Twitter users call for caution and deep research.

One user, Benson, referred to it as a scam discouraging users from buying the token. According to a screenshot he displayed, OpenSea and Blockaid flagged THUMPER as potentially suspicious and could make investors lose all their assets of NFTs in their wallets.

scam，dont buy ！ https://t.co/lciMfbcGtC

— 🏆Benson (@benson_btc) September 4, 2023

Also, other users gave similar negative reviews for the project. However, THUMPER token developers stated that with over 200 holders on September 3 after a few seconds of its listing on Uniswap, it means war for competitors in the crypto community.

Thumper already has 265 holders. Only been live on uniswap for exactly 3960 seconds.https://t.co/WflfieH3kV pic.twitter.com/AwDVr5jh3g

— Thumper_Token (@Thumper_Token) September 3, 2023

THUMPER’s next price moves primarily rely on investors’ sentiment and if it recovers from the rising FUD levels.

Today, September 4, THUMPER tokens have over 500 holders with over 900 members in its Telegram channel, signaling increasing adoption despite some negative investor sentiments.

THUMPER Bulls Still Active, Poised To Continue Rally

THUMPER is in an uptrend on the 15-minute timeframe, forming a bullish engulfing pattern with a large green candle after a red candle.

By 2:15 pm EST on September 3, it attained a high of $0.05 for the first time after listing. Also, by 8:00 pm EST, it attained an all-time high value of $0.09, confirming a surge in trading volume as more buyers opened long positions.

However, a decline to $0.04 at 4:45 am EST on September 4 shows that the buyers attempted to take profit as FUD levels and negative sentiments enveloped the market.

The last green candle formed on the 15-minute chart confirms that the buyers are back in control. THUMPER is approaching the upper band of the Bollinger Band, and a break into this region will serve as confirmation for a price rally.

Also, the Bollinger Bands (BB) are expanding, hinting at further price increases for the year.

The Relative Strength Index (RSI) displays a value of 49.15 in the neutral zone. However, the RSI is rising, approaching the overbought region of 70 and confirming a return of the bulls to force another rally.

Also, the Moving Average Convergence/Divergence (MACD) is rising and will likely move above its signal line in the next few hours if the buyers sustain their pressure.

Also, the Histogram bars fade from red, suggesting that THUMPER will still rally again.

THUMPER Support and Resistance Levels

THUMPER had found support at $0.057 after pivoting off the $0.051 support. The trend line suggests that the asset’s price outlook remains bullish despite retracements since its launch on September 3.

THUMPER faces bearish resistance at the $0.064 and $0.071 price levels. Based on its historical price performance, it has previously surpassed these levels and is likely to repeat the same if the buyers sustain their pressure.

A potential entry point for late buyers is the $0.064 resistance level. Once THUMPER breaks above this level, $0.09 is possible, although $0.071 will be the realistic profit target.

THUMPER will likely continue rallying until the RSI indicator drops and retraces to the oversold region 30.

With some uncertainty surrounding THUMPER and its next price moves, users can take advantage of the memecoin season to reap the rewards on the most viral memecoin in the crypto community.

Did you miss THUMPER’s Early Rally? Wall Street Memes Leads Next Crypto Revolution

Wall Street Memes aims to overcome capitalism and provide equal opportunities for retail traders in the crypto market. According to the Whitepaper, the developers believe they can rewrite finance rules by relying on memes.

Are we forgetting that a cargo ship owned by JPMorgan was seized with 20 tons of cocaine on board? pic.twitter.com/cwDdY2DcRF

— Wall Street Memes (@wallstmemes) September 3, 2023

The $WSM tokens are powering this movement and are on presale. According to the ecosystem tokenomics, 50% of the total supply is for marketing, ensuring maximum visibility and growth on social media channels.

Also, there are plans to recruit the best brand ambassadors for the project. Next, 30% of the supply is for community rewards to encourage loyal followers with exciting rewards.

10% is for centralized exchange liquidity to ensure that WSM community members trade freely with no hitches. Finally, 10% is for decentralized exchange liquidity, as decentralization is also a top priority.

Wall Street Memes Presale Ends in Less Than A Month

$WSM presales are advanced, with massive investors’ interest hinting at a possible price increase once it lists on exchanges. With just 22 days left before it lists on Tier-1 exchanges, investors must act fast to take advantage of the opportunity.

WSM presales have raised over $25 million, making it one of the top-ranking events in 2023 and outperforming other memecoin projects. Each WSM token is worth $0.0337 and can be purchased by connecting a secure crypto wallet to the WSM presale page.

Also, a user can purchase the WSM tokens with cryptocurrencies such as ETH, USDT, or BNB directly from a crypto wallet. Alternatively, bank cards are another option to complete this purchase.

Take Advantage of WSM Staking Today

WSM supports a buy and stake feature for its users, where they contribute to controlling inflation in the ecosystem by staking some of their tokens.

On September 4 at 7:48 a.m. EST, over 273 million WSM tokens were staked on the staking dashboard. Users receive staking rewards calculated based on the percentage of their stake in the staking pool and the APY value.

The APY was 73% on September 4, far above the average of 5-10% observed in most staking pools in the crypto space.

Also, Wall Street Memes is holding a $50,000 airdrop event to reward five lucky WSN community members. Each winner will take $10,000 as their share of the prize money.

The participants are required to perform specific tasks which involve buying WSM tokens. The idea is to give back to the community and encourage adoption.

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