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Wall Street Memes (WSM) continues its stunning performance, featuring among the top 10 trending cryptos on DEXTools.
The meme token is up 15% over the last 48 hours. Its daily trading volume has increased by 40% to $33 million, making it the 109th most traded crypto according to data from CoinMarketCap.
This impressive achievement comes just a few days after a successful initial exchange offering (IEO) that saw early adopters make significant profits.
As the hype around crypto continues to build up, Wall Street Memes is poised for a significant pump before the end of the year.
Wall Street Meme Brings Utility to the Meme Space
Wall Street Memes aims to democratize the financial system by bringing its King of Stonks success with meme stocks to crypto. Interest in the coin has been driven by an existing community of 1.1 million on social channels, ranging from nearly half a million on Instagram to over $310,000 on X.
But the team at Wall Street Memes are not resting on their laurels. There are now 36,706 members of its Telegram channel, where activity is frenetic as excitement about the project continues to grow.
An overarching theme driving interest in $WSM is the fact that, in many ways, it is not the average meme coin. Meme coins, almost by definition, don’t do anything much other than pay homage to a meme character and stimulate the birth of a community around that.
Adding utility, if at all, comes much later and is often an afterthought at best, as in the case of Shiba Inu.
However, by design, the team at Wall Street Memes has been focused on utility from the outset. To that end, it has unveiled its latest product – the Wall Street Memes Casino.
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— Wall Street Memes (@wallstmemes) October 18, 2023
This high-stakes move into the emerging world of decentralized gambling, or GambleFi, could be a game-changer for WSM.
Boasting over 5,000 games, including WSM-exclusive titles, the new casino also features live sports betting with various markets.
This comes on top of a staking platform rolled out a couple of weeks ago that has been enthusiastically received.
Initial stakes are locked for seven days and currently earn an annual percentage yield of 36%. 551 million $WSM are staked, and the first unlock occurs tomorrow. However, many are likely to choose to remain in the staking pool to maximize their income returns
Estimated rewards are currently set at 41% APY, with over 482 million WSM pledged.
This provides crypto enthusiasts with a passive income stream while supporting the project’s network
With the launch of its decentralized casino, staking rewards, and engaged community, WSM brings a unique personality to the crypto market, making it one of the meme coins to watch as the year ends.
Check out our WSM Casino review to learn more about this site.
Wall Street Memes Price Poised For a Rally as Utility is Unlocked
WSM price appears primed for a price resurgence after dropping from its high of $0.07586 on September 30 to $0.0185.
Savvy investors saw this as an opportunity to buy the dip as they amassed more WSM tokens, with the ensuing buying pressure pushing it 83% higher to the current price of around $0.03086.
When writing, Wall Street Memes trades within a tight range between $0.030 and $0.034, embraced by the 50-period and 100-period exponential moving average (EMA) respectively.
As casino revenue streams into Wall Street Memes’ ecosystem, upside pressure could quickly build, lifting WSM price above the 100 SMA to collect the supply side liquidity above it toward the $0.0515 range high. This would represent an 83% uptick from the current price.
WSM/USD Four-hour Chart
On the downside, if the support at $0.030 gives in, Wall Street Memes price could drop first toward $0.025 and later to the $0.0185 swing low. This would represent a 40% drop from the current price.
WSM alternatives
TG Casino ($TG) is the fastest-growing GambleFi crypto presale, which has raised more than $1.43 million and is still growing.
TG casino is an intricately crafted ecosystem that brings together the thrill of the casino world with the decentralized edge of blockchain.
By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.
We hit the $1.4 million mark today!
Once again, a huge thank you to all the amazing people involved👏 $TGC pic.twitter.com/MlYoJDulyY
— TG Casino (@TGCasino_) October 21, 2023
The ease of use and a no-KYC protocol make it attractive to both novices and crypto veterans, with easy onboarding ensuring a seamless road to new user growth.
With a range of offerings, from thousands of live casino games, slot machines, and table games to an expansive sportsbook, it ensures an immersive experience.
And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.
With respect to security, users can rest easy – all data and funds are encrypted, ensuring robust protection against potential threats.
The $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.
Visit TG Casino here for more information on how to participate in the presale.
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