The cryptocurrency realm has achieved more revolutions and innovations with crypto tokens within a short time. One of the best-ever things that happened in the token revolution is that they are now used in the metaverse and web3 platforms. Wall Street Memes Token (WSM Token) is one such meme token that has gained the attention of investors. The craze for these tokens is seen through its airdrop data.
Within the pre-sale launch of 10 hours, the Wall Street memes tokens have been completely sold out. Every crypto investor and Crypto user went speechless by this drastic selling rate. Also, WSM Token is poised to become one of the profit-reaping tokens of the year 2024. In addition to these, the development team of these meme tokens boosted the fundamentals and community building. This has resulted in the long-term success of the token.
So if you are a Crypto enthusiast and want to know more about WSM tokens, then take a look at this blog. This complete guide will help you reveal more interesting facts about Wall Street Memes tokens.
Wall Street Memes Token – An Overview
Wall Street Memes token (WSM token) is a crypto token built on the Ethereum blockchain with a token standard ERC20 to represent the retail investor movement. These meme tokens were created by Wall St Bulls, the founders of the 2021 NFT project. This token’s presale commenced in the same year through the Wall Street Bulls NFT collection. Within minutes, the presale had raised to $100K which made this token a renowned one. Within 24 hours, the Wall Street community collected $250K and $500K in the first 48 hours.
Wall Street Memes Token and their NFT collections have gained $2.5 million in funding for their founders. The Wall Street community has been circulating more than 1 billion ERC20 WSM tokens. In contrast, the total supply of these meme tokens is 2 billion in value. The Wall Street community has 250k+ followers on social media platforms. This is one of the reasons the presale made history in the crypto market.
Through this massive response to the Wall Street Memes tokens, many had the biggest question…
Is Wall Street Memes Token a Good Investment?
After the Dogecoin, Pepe coin, and Shiba Inu, the Wall Street Memes tokens prevailed and created massive hype among crypto investors. As per various price predictions, the WSM token will reach $0.14 at the end of 2024. Also, it is expected that the value will be doubled in 2025 and will reach $0.30 by 2025. Additionally, these meme tokens are created in line with innovative technologies. So the future price may rise higher than the predicted price.
In addition to that, the further listing of WSM tokens in popular CEXs and DEXs will increase the value significantly. Compared to other crypto tokens, these meme tokens had peaked in their airdrop itself. Considering the benefits of investing in Wall Street Memes Token, many newbie investors are now looking for WSM tokens. Hence, the need and demand for these special tokens will create a new revolution in the crypto space.
Therefore, holding a WSM token would reap profits and fame. By approaching a renowned crypto token development company, you can also create tokens similar to Wall Street tokens. The unbeaten growth and increasing demand will soon create market scope for your token. Meanwhile, you may have a question….
How have Wall Street Memes Token Become So Popular?
The first and foremost factor of the WSM token’s popularity is its social media responses. Earlier, this Wall Street Memes token’s Twitter profile received tweets from Elon Musk. Each tweet on the Wall Street token’s Twitter page is getting 100K views within a few minutes. This is a live proof of this token’s popularity and craze.
The next interesting fact about the Wall Street memes token is the fund raised through a presale. WSM tokens are popular as they collected nearly $17 million in the presale phase. This helped the founder to possess an NFT collection of up to $2.3 million roughly. Also, they hold a promise of higher return on investment. The potential investors can gain at a maximum rate of 100x gains through trading.
These valid reasons have added like a cherry on the cake top, where investors began to invest more and more. Thus these meme tokens also gained the attention of crypto whales and users as well. However, investors are getting confused regarding the Wall Street Memes Token price prediction. Let us now glance through the…
Factors Influencing WSM Token Price Prediction
The price of the Wall Street Memes tokens can fluctuate according to various factors. Some may impact and influence the price of WSM tokens and its price prediction. Let us uncover the factors herewith.
Development Team’s Portfolio
The Wall Street token’s developer team is the foremost reason for the price fluctuations. Based on their marketing, promotions in social media, and reputation the token’s value can be changed.
Supply and Demand
As per the CEX and DEX crypto markets, the supply and demand for the WSM tokens are calculated. When the tokens have potential, the demand for those tokens will range high. Through this, the price can fluctuate.
Purpose of the Token
The main purpose of these Wall Street Memes tokens is to service the Wall Street Memes Ecosystem. Other than that, extending these tokens’ role to gaming, transactions, and more can impact the price prediction.
Market Scope and Constraints
With the progressive flow of the crypto market, the Wall Street Memes tokens can gain price appreciation. However, imposing legal regulations on cryptocurrencies may impact the WSM token’s price.
The above-mentioned are the important factors that are responsible for the price changes of the Wall Street Memes Tokens. Apart from these, community engagement and crypto market sentiments play a vital role. So as an investor, your intention to create a crypto token like WSM token must be a valid idea.
By the way, you may have come across the question ‘Is Wall Street Memes Token a Scam?’ Adding clarity to this, let us discuss the…
Road Map of Wall Street Memes Token
As you are showing interest in WSM tokens, it is essential to know about their roadmap beforehand. This helps you to invest in the Wall Street tokens wisely. The roadmap of these tokens is not a big deal. Like other meme tokens, the Wall Street tokens also possess a three-phased roadmap.
- In the first phase, the smart contracts are developed to ensure transparency and trust. Marketing and branding are done to get the attention of investors and crypto users.
- In the second phase, the WSM tokens are launched. Collaborations and partnerships will also take place. Once the token sale is completed, the tokens are listed on popular CEX and DEX platforms.
- At last, the community or ecosystem of the tokens is enhanced through various marketing and branding strategies.
Wall Street Memes tokens are steadily growing in terms of market cap, price, and popularity. The CEX and DEX listings of these tokens have also been completed. As a result, the value of these tokens will significantly grow in the near future. So you may not worry about the risks of Investing in Wall Street Memes Token. Thus it is clear that the question, ‘Is Wall Street Token a Scam?’ is invalid and can be ignored.
So now you might be interested to know…
How To Buy a WSM Token and Where To Trade and Store?
The WSM tokens are available in popular centralized and decentralized platforms. As per the supply and demand, the Wall Street token price can be varied accordingly. The Wall Street Memes tokens are available in popular exchanges like Binance, OKX, Uniswap V3, Sushiswap, and CoinDCX. You can also trade these tokens on the same exchanges.
Now coming to the question, ‘Where to Store’ the WSM tokens. The Wall Street Memes tokens are basically ERC20 tokens. So storing them on popular exchanges is also quite easy as well. You can store them in any of the non-custodial wallets like Metamask, MyEtherwallet, and others. But be sure that the wallet offers predominant security features for storing ERC20 tokens.
Is Wall Street Memes Token a Good Investment for the long-term?
As mentioned earlier, the WSM tokens have nearly collected 17 million dollars in its presale itself. From this, it is evident that investing in Wall Street Memes tokens would be a long-term investment. But, if you are a potential startup thriving for success in the crypto space, then develop your own token with unique features and functionalities.
However, creating a popular and future-proof crypto token like the WSM token must be a challenging task. In this case, either you can approach a freelancer or a Crypto Token Development Company. When you approach a crypto freelancer, you are not sure about their expertise in token development. Also, they may not have access to trending tech stacks.
The WSM token is one of the trending tokens that needs a careful development process and knowledge. So, to sort out these challenges, it is better to approach a Crypto Token Development Company. They have a skilled set of developers and experts who have decades of experience. So, choose the best development company as per your business needs and requirements.
Wrapping Up
Coinsclone is a leading Ethereum Token Development Company where we excel in creating crypto tokens. Our developer and expert team have completed numerous projects with client satisfaction. With our crypto token development services, many startups have achieved success and reaped huge profits in the crypto field. As an enthusiastic startup, if you are willing to create a crypto token, then get your requirements discussed with our experts. Our professional team will give you clear insights on token development including special functionalities, development costs, and more.
So why are you still waiting for? Get connected with us! Let us together create feature-rich and future-ready crypto tokens like Wall Street memes tokens.
Also Read: Optimism Native Token Development – From Concept to Execution
