Wall Street Memes (WSM): Is Pepe Getting Any Competition?

The world of memecoins has the crypto market firmly in its grip again in 2023. While there is undoubtedly fundamentally exciting news such as the regulation of the SEC or the Bitcoin ETF applications from BlackRock, Fidelity and Co., speculative capital will also be busy in the crypto market in 2023.

The memecoins market segment offers lucrative opportunities while at the same time increasing risks. If you are looking for cryptocurrencies that allow tenfold returns with a small portion of your own portfolio in the memecoins segment, you will find them again and again in 2023.

Pepe Coin (PEPE) restored momentum to memecoins and has since exploded to a market cap of nearly $2 billion. Hardly anyone would have thought in the 2022 bear market that another memecoin after DOGE & SHIB would succeed in doing this feat.

With Wall Street Memes (WSM) In July 2023 there is a new, exciting memecoin that has already raised more than 12.5 million US dollars in presale in over a month. Subject to independent due diligence, the following three characteristics could enable WSM to outperform PEPE in H2.

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Reason 1: One million followers as a unique selling point

If a memecoin already has a large following and many followers before launch, this can be advantageous. Because the strong network could create a solid basis for the new memecoin. A large and engaged community can increase awareness of the coin, gain investor trust and attract potential users. This increases the chances of success compared to memecoins, which have to laboriously build up their followers after the launch.

Wall Street Memes has a grown community – alone on Twitter there are now over 250,000 followers. If you add followers from related channels and Instagram, the community is over a million followers. This should play into the hands of the virality of Wall Street memes. Ultimately, the community of a project is also the first pool for potential buyers.

Reason 2: The concept behind Wall Street Memes (WSM) is timeless like Pepe the Frog

Pepe the Frog is a cartoon character that has been popular on the internet since the late 2000s. Its timelessness lies in its versatility and adaptability, having been used by different online communities for different purposes and memes. This explains its continued popularity – first among supporters of Donald Trump, now as a memecoin.

The vision behind GameStop and WallStreetBets can also be understood as timeless, as it questions fundamental aspects of the market and the distribution of power. The movement represents the desire for financial justice, equal opportunities and the breaking up of established power structures. This vision transcends the specific context of GameStop and WallStreetBets and remains relevant as it strengthens the voice of retail investors and seeks greater democratization of the financial system. The demand for transparency, fairness and a fairer distribution of resources is timeless and is supported by many people around the world.

The online community Wall Street Memes, which was also founded during this time, builds on this. The project describes itself on the site as follows:

Wall Street Memes is the tokenization of the retail movement against Wall Street’s monopoly of financial markets.

Reason 3: Robust fundamentals and fair tokenomics

New memecoins or presales often run the risk of insider dumps or rug pulls. These fraudulent practices can result in the founders or insiders selling their tokens at a higher price and scamming the rest of the investors. Caution and thorough research are always required. Because high return opportunities also entail growing risks.

The memecoin WSM is deliberately designed to be community-based. That’s why those responsible decided against a private presale in which insiders could participate. Everyone has the same chance – 100% of the tokens will be supplied to the community in the medium term.

50% of the WSM tokens are currently available in presale. 10% each is reserved for CEX and DEX liquidity to ensure smooth trading. Another 30% of total supplies are for community rewards. This means that lucrative airdrops should also be an integral part of the new memecoin Wall Street meme.

Only the future will tell whether this will ultimately perform better than PEPE. However, community, vision, fundamental data and tokenomics make a promising impression and should be included in an individual assessment of opportunities and risks.

Go to the Wall Street Memes Presale