Crypto News- The Wall Street Memes Coin presale is on the brink of reaching $27 million, with its ultimate goal set at $28.9 million during this, the 30th and final phase of the presale. This final stage is anticipated to be the most crucial yet, concluding on September 25th.
WSM Crypto Price Prediction: Evaluating the Credibility of Wall Street Memes (Coin)
As of the latest update, Wall Street Memes Coin is currently priced at $0.0337, and its contract address is 0xbAe5357Fb7820f1D38DF7a64804cb5318aC5F006. The coin is set to make its debut on exchanges on September 27th.
Interestingly, Wall Street Memes Coin has hinted at an upcoming launch on several tier 1 exchanges within the next 10 days, starting precisely on September 27th. However, the specific exchange names remain undisclosed, which is quite significant as it directly impacts trading volume.
In terms of social media, the buzz around Wall Street Memes Coin has seen a decline in recent weeks, hitting its lowest levels. Nevertheless, there has been a recent uptick in net social media sentiment over the past 24 hours, showing a positive trend.
According to Crowdwisdom’s poll data, there’s a moderately bearish sentiment following a 6-point drop in the last 24 hours. On the trading front, the net buy rating has been relatively steady:
August 25th: +35.3%
September 1st: +41.9%
September 16th: +35.0%
September 15th: +29.0%
Furthermore, Wall Street Memes Coin is running an enticing airdrop campaign, giving participants a chance to win $10,000 worth of $WSM tokens. To participate, users must complete various tasks, including following @wallstmemes on Twitter, visiting their website and Instagram, joining their Telegram group and Discord server, and purchasing $WSM tokens with proof of purchase. The airdrop is currently active, with 75 days remaining for entry, and an impressive 104,741 participants have already joined the event.
To claim their $WSM tokens, users can visit the Wall Street Memes website and access their tokens using the same wallet used for their initial contribution.
It’s important to exercise caution when considering Wall Street Memes Coin as an investment due to the lack of clarity regarding its utility and objectives. It’s primarily viewed as a high-risk trading opportunity with the potential for significant losses.
In terms of legitimacy, a Solidproof Audit revealed no critical, high, medium, or low issues with the project. The only issue identified was related to missing NatSpec documentation. The audit also confirmed that the contract passed checks for various types of Smart Contract Weakness Classification (SWC) attacks and does not include ownership functionality. The audit recommends using NatSpec Format for more comprehensive documentation.
Lastly, discussions on Reddit have raised concerns about the transparency, authenticity, and utility of WSM Coin. Some community members are seeking more information about the project’s team and its intended use case, while others express apprehension about the rise of meme coins and their potential impact on the broader reputation of the cryptocurrency industry.
Various sources, including Crypto Pulse, have presented optimistic predictions for WSM Coin, indicating the potential for high returns, possibly up to 10x on investment. Some crypto publishing companies have even set a price target as high as $0.085 for this year. Let’s explore some hypothetical scenarios.
A $100 investment in WSM tokens would yield approximately 3000 tokens. To put this in context, during the launch of Pepe, the same amount could have secured a staggering 1656 million tokens. If WSM Token were to achieve a similar market cap peak as Pepe, it could potentially reach a price of nearly $1.
For reference, the Neon ICO began at $0.1, reached a peak of $0.24, and later dipped to $0.06. Neon claimed to have raised $45 million before listing. Similarly, Worldcoin was initially listed at around $1.6, reached a high of $3.6, and eventually settled at $1.4. It’s worth noting that many recent token listings have witnessed significant initial gains followed by sharp declines.
Predicting the listing price and performance of tokens like these is exceptionally challenging due to their limited utility. Historically, investors often sought to sell tokens at the time of listing, leading to lower prices and decreased interest in the token. High-priced tokens also tend to carry higher risks due to their lower supply. Some crypto companies have tried to address this issue by implementing active staking programs before listing, but the outcomes have varied.
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