While the upcoming bull season has triggered movements in the crypto money world, those who want to make crypto investments with the aim of high income in a short time have their eyes on meme coins.
Thanks to the graphics drawn by coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) in the past years and their agenda-setting power, interest in meme coins has increased. It is very important to discover a project early and not miss the train in meme coin investments where the risk is also quite high. Wall Street Memes (WSM) is one of the projects that has stood out from its rivals recently.
The pre-sale of the project reached $23 million;
Wall Street Memes, which has become increasingly popular lately and has begun to attract the attention of investors, reached $23 million in the pre-sale process. The pre-sale process of the project will end soon, so investors who want to buy Wall Street Memes tokens are taking a closer look at the project.
So what exactly are Wall Street Memes, what are the foundations of the project?
Wall Street Memes are based on GameStop events that started on Reddit and stirred world stock markets, especially Wall Street. If you remember, small investors in GameStop events increased the share prices of GameStop for a few weeks with the effect created through Reddit, and the event made a big impression at that time; There was a kind of opposition to projects and stocks indexed to large investors.
This is exactly what WSM focuses on; It aims to make small investors act more planned with a similar logic, have fun while doing this and earn.
With the total supply capped at 2 billion units, WSM is currently only available for purchase through the official pre-sale, which ends soon, and is not listed on any major cryptocurrency exchange.
The biggest reasons why the project has attracted so much attention are the social media power and the interaction with Elon Musk on Twitter (X), in addition to the ones we mentioned above. As you know, Musk is a name that we come across frequently, especially when it comes to meme coin projects, and his interaction with projects like DOGE in the past was one of the steps that brought these projects to the rise.
Although Musk’s influence is not that big anymore, it would not be wrong to talk about a substantial influence.
What are the possible cons of Wall Street Memes, is the project credible?
To begin with, independently of the project, the cryptocurrency exchange is already a high-risk investment tool. It is necessary to analyze these risks well, to choose the projects to be invested carefully and to be able to predict possible scenarios.
Of course, Wall Street Memes also carry some risks. First of all, the project is anonymous, which can be a problem when it comes to contacting people. In addition, the fact that it has not yet been listed on an official stock exchange can be considered a relative risk. And although it seems to be adding strength to the project now, an opposite statement or interaction by Musk may affect the trust in the project.
If we look at the positive aspects of the project, the motivation of the project to mobilize small investors is very strong, it manages to take the power of its audience by actively using social media, and the pre-order reaching 23 million dollars helps it gain confidence.
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