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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
Shiba Inu (SHIB) is a meme coin that managed to achieve astonishing success. Earlier this year, in February, the price of this meme coin hit the highest point of the year. However, following this surge, the price of SHIB has mainly been on a downward trend with occasional upward movements.
In the past few weeks, SHIB experienced another price slump, reaching a new low for the year. Surprisingly, this decline was swiftly followed by an impressive reversal in the downtrend. On Monday, June 19, SHIB's price broke above a significant resistance level, marking a noteworthy turning point in its price trajectory. However, while some investors find this change positive, others are a little bit more cautious and choose to direct their attention towards the new meme coin Wall Street Memes (WSM), poised to become the King of Memes!
Crypto enthusiasts are always on the lookout for new meme coins that could bring success in the days to follow. Wall Street Memes seems to have everything investors need because it managed to raise more than $8 million in a matter of weeks.
Drawing inspiration from the historic GameStop saga, where a brave collective of individual investors challenged the power of Wall Street giants, WSM emerges as a symbol of transformative change. With memes as its arsenal, this cryptocurrency seeks to revolutionize financial norms and empower everyday investors. Memes possess an extraordinary ability to unify, motivate, and entice individuals to participate in the crypto frenzy.
In addition, WSM represents an indomitable community, playing a pivotal role in its triumph and clearly showing why it should not be underestimated. The creators of WSM are driven by a mission to reshape the finance landscape, utilizing the potent combination of humor, solidarity, and the unwavering power of memes. This way, the expression "Greed is good" gets a whole new perspective. Obviously, the raised amount clearly shows that the investors have recognized the potential of this interesting project, so use the time until the presale ends to get as many tokens as you'd like!
During the presale phase of WSM, aspiring participants are presented with a golden opportunity to acquire WSM tokens and join the ranks of the meme revolution. The total token supply amounts to a staggering two billion tokens. The funds are allocated wisely to propel WSM toward greatness. An impressive 50% of the funds are dedicated to marketing endeavors to solidify WSM's position and expand its influence.
This strategic allocation will fuel efforts to enhance brand visibility, grow social channels, and recruit passionate ambassadors. The commitment to allocating half of the funds underscores the determination of the WSM team to conquer the world while ensuring investors continue to reap the rewards and ultimately contribute to the continuous development of this crypto project.
Recognizing the pivotal role played by the community, an ample 30% of the funds is allocated to a generous rewards program. This initiative aims to acknowledge and reward the dedication of the fearless meme warriors who have joined the cause. The community rewards program promises to foster the participants' sense of belonging and camaraderie.
In order to ensure smooth token flow and accessibility, the WSM team has earmarked 10% of the funds for centralized exchange (CEX) liquidity. This strategic move guarantees seamless trading experiences and facilitates the ease of token exchange. Additionally, another 10% of the funds are dedicated to decentralized exchange (DEX) liquidity, enabling the meme-loving community to engage with WSM in a decentralized and inclusive manner.
Shiba Inu's price was pumping during the previous week, which made investors optimistic. One of the reasons for a price pump may be the astonishing surge in burn rate, surpassing 1000% within a mere 24-hour period, resulting in the destruction of 15,487,160 $SHIB tokens, as reported by Shibburn. Simultaneously, the trading volume has witnessed a remarkable upswing of approximately 80% within the same timeframe.
This burn rate serves as a testament to the mounting interest and demand for SHIB within the market. Moreover, the trading volume of SHIB has surged by around 80%, indicating a substantial escalation in investor activity and trading engagement. When it comes to the future of Shiba Inu, it is not clear what investors can expect. Despite the fact that the SHIB community is recognized as pretty organized, it is not clear if they will manage to drive the price once again. Two years ago, in 2021, the price of SHIB hit its highest price, leaving investors hopeful that it could happen again.
Even though many investors have expected that the price of SHIB could hit 1 cent, it still didn't happen, and some analysts believe it is impossible to happen any time soon. In order for Shiba Inu to reach a value of 1 cent, it would need to experience a significant increase of 1150 times its current value. At the hypothetical price of 1 cent, Shiba Inu's market capitalization would amount to a staggering 6.70 trillion. Considering a growth rate of 25% annually, it would take Shiba Inu approximately 31 years to achieve the desired milestone of reaching 1 cent. Considering the current circumstances, investing in Wall Street Memes is a much better option now!
Even though Shiba Inu plays an important role in the market, it seems that it is time to turn to Wall Street Memes and achieve some new goals. WSM aspires to create an environment where individuals can actively participate in the meme revolution and enjoy the benefits of liquidity and community engagement. If you want to join the growing community of WSM supporters, waste no time and seize this opportunity to be part of the captivating journey ahead!
