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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
Have you ever dared to dream of a meteoric rags-to-riches tale within the span of a single year?
Imagine the thrill of watching an $8,000 investment soar to an eye-watering $5.7 billion in just 12 months.
One smart investor did exactly that with Shiba Inu (SHIB) in 2020. Dubbed as the most successful crypto trade of all time, this move left both experts and enthusiasts flabbergasted.
And this Shiba Inu enthusiast wasn't the lone ranger – numerous others pocketed millions, riding the skyrocketing trend of this meme token.
While SHIB's golden days of exponential growth might be behind us, whispers in the crypto corridors suggest there's another meme coin on the horizon poised for similar stardom.
Stay with us, as we unveil the next potential crypto superstar.
Shiba Inu, often hailed as the "Dogecoin killer," shot to stardom between 2020 and October 2021, becoming a veritable sensation in the world of meme cryptocurrencies.
Among its many success tales, one stands out spectacularly: a daring investor transformed a mere $8,000 investment in 2020 into an astronomical $5.7 billion by October 2021.
This 85 million percent leap, with SHIB erasing six zeros from its valuation, was later celebrated as the 'greatest trade of all time.'
While this was the most jaw-dropping, other investors also reaped wild profits, with reports of $1,000 metamorphosing into $53.7 million in the same period.
However, flash forward to the present, and SHIB's story looks a bit different. As of now, Shiba Inu's price stands at $0.000007363, marking a 28% drop over the last month. From its all-time high in 2021, the coin has plummeted by over 91.67%.
There's a beacon of hope, though. With the impending release of the Shibarium network scheduled for August 16th, short-term gains might be on the horizon.
Experts recommend a cautious approach, suggesting modest investment in SHIB, given the prediction of its price hitting new lows as 2023 draws to a close.
Yet, the world of crypto always has something new to offer. Wall Street Memes ($WSM). Touted as the next potential sensation in the meme crypto realm, it's set to launch in just 10 days.
If history has taught us anything, it's that new projects, especially those riding on the coattails of giants like Shiba Inu, could offer investors another chance at those elusive millions.
Wall Street Memes ($WSM) crypto project kickstarted its presale on May 26, 2023 the venture has gathered significant attention.
In a short span, the presale has raised an astounding $25 million, with $300,000 being collected on its opening day. Investors keen on making their mark are advised to act swiftly as the presale inches closer to its end-of-September conclusion. And with the anticipated IEO looming, many are forecasting a blast-off trajectory.
Essentially, it's a homage to the Reddit subculture, tracing its origins back to the unforgettable GameStop saga of 2021. The coin stands as a testament to those valiant Wall Street Bets heroes and the undying spirit they have imparted to subsequent traders and investors.
While WSM, like other meme coins, might not offer concrete utility, its historical performance cannot be ignored. The meme token sector has consistently outperformed during each crypto bull phase. Be it Dogecoin and Shiba Inu in 2021 or Pepe in 2023; the potential for immense ROI is undeniable.
Furthermore, the solid backing Wall Street Memes has amassed is nothing short of commendable. Boasting over one million followers across various platforms, its reach has been amplified by widely popular NFT collections and captivating Instagram memes focused on the world of 'stonks' and crypto.
Distribution-wise, the entirety of its 2 billion supply will be open for the community. Presale buyers have 50% reserved, 30% is earmarked for community rewards, and the remaining 20% is for liquidity once the WSM token is officially listed.
Given the rumours of potential Tier 1 CEX listings and the massive traction it has received in its presale phase, that outcome looks possible. Plus, the unique staking mechanism lets holders reap passive income, which further strengthens its potential for Tier 1 CEX listing.
The stage seems set for WSM. Will you be a part of the movement?
Elon Musk, the business magnate synonymous with impactful crypto endorsements, has turned his attention to Wall Street Memes.
His engagement with Wall Street Memes tweets indicates not just his awareness but also lends a significant credibility boost to the $WSM project. Notably, on the very day Musk acknowledged $WSM online, the presale witnessed a whale investment of $1M.
With a clear emphasis on fostering a robust community connection, the Wall Street Memes initiative underscores its commitment to rewarding loyal members.
Revealed in the Wall Street Memes whitepaper, the team has refrained from keeping any $WSM tokens for personal benefit, instead allocating a significant 30% of the total for community-based incentives.
These incentives are already rolling out, evident from the newly launched airdrop campaign which has set aside $50,000 worth of $WSM, divided amongst five fortunate participants.
To be eligible for this airdrop, presale participants need to become a part of the Wall Street Memes Discord community and fulfill a few straightforward social media tasks.
Presently, the $WSM tokens are available at a last presale stage price of just $0.0337.
The meteoric rise of meme tokens like Shiba Inu and Dogecoin has ushered in a new era of crypto trading.
But as history shows, timing is everything. Wall Street Memes, with its roots deep in the cultural zeitgeist of the Reddit revolution and the backing of influential figures, offers more than just a new token.
As with any investment, there's an element of risk. But for those who understand the sheer potential and community-driven ethos of $WSM, the opportunity is clear.
With its community-first approach, impressive presale performance, and the imminent launch on the horizon, Wall Street Memes could well be the next big thing in the crypto world.
The question is, will you merely read about its potential success, or will you be a part of its history?
As the presale stage draws to an end and Wall Street Memes prepares for its grand debut, the choice is yours. This could be your chance to tap into the next crypto phenomenon.
