In recent weeks, the cryptocurrency market has witnessed a surge in explosive decentralized exchange (DEX) launched tokens. These tokens, often referred to as meme coins, have gained significant attention and popularity, attracting both experienced investors and retail traders. Among these meme coins, GOLD token and Wall Street Memes (WSM) have emerged as the latest breakout stars, experiencing dramatic price increases and capturing the interest of crypto enthusiasts.
Gold Coin, a meme coin aiming to challenge the narrative of ‘digital gold,’ has recently made headlines with its astounding price surge. Upon its initial listing on Poloniex, GOLD token skyrocketed by an impressive 20,000%. The project is built on the promise of a Bitcoin-cloned 21 million token supply, and its small self-funded team plans to implement LP burns and contract renouncement. These factors have generated considerable excitement and positioned GOLD as a token with immense potential for growth.
GOLD token experienced a jaw-dropping opening 48 hours on DEX markets. From its launch price of $0.00025 on September 20, the token surged to an all-time high of $0.34 on September 22. This represents a remarkable 20,000% increase in value. The token amassed over $2.6 million in trading volume within the past 24 hours, with the support of more than 1,240 dedicated bag-holders. These impressive achievements propelled GOLD to secure a spot on DEXtools’ top ten hot coins list. Nonetheless, GOLD is currently undergoing a localised retracement and is trading at $0.1854, reflecting a 24-hour decrease of 27%.
With a market cap standing at $3.99 million, GOLD token has the opportunity to consolidate its position and establish a strong foothold in the digital gold vertical. The project’s roadmap includes plans for a significant marketing campaign and token burn, which could potentially drive the market cap to $10 million. If successful, GOLD would be trading at $0.47, representing a potential increase of 138% from its current price levels.
Wall Street Memes (WSM) has gained significant traction in the meme coin space, garnering over $25 million in presale funding. Bolstered by its one million strong community, this project has generated immense interest and is poised to make substantial gains upon its upcoming centralized exchange (CEX) launch announcement in just three days.
The Transformation of Community Sentiment into a Tangible Asset
WSM aims to capture the anti-bank sentiment of investors who challenged Wall Street. By tokenizing this sentiment, WSM seeks to redefine our perception of digital value and empower the community. The project’s democratic price point at just $0.0337 has attracted thousands of early backers, contributing to the success of its presale. Additionally, presale investors stand to gain an exclusive 30% bonus on the initial listing, further incentivizing long-term holding.
A Significant Vote of Confidence
The project received a substantial vote of confidence when a crypto whale invested $1 million in the WSM presale back in early August. The mysterious individual executed a series of transactions, totaling 460 ETH valued at $840,000, within a span of just six minutes. These investments highlight the potential return on investment that Wall Street Memes offers.
WSM has fostered an explosive growth of its community, accumulating over one million followers across various social media platforms. The project’s commitment to a democratic distribution of its token supply has resonated well with supporters, fueling its growth and generating anticipation for the upcoming CEX launch. Moreover, WSM offers a novel staking mechanism with an impressive 282% annual percentage yield (APY), which further incentivizes long-term holding and contributes to the token’s potential for explosive growth.
As the popularity of meme coins continues to rise, GOLD token and Wall Street Memes stand out as promising projects with significant potential for growth. However, it is important to note that investing in cryptocurrency carries inherent risks, and it is essential to conduct thorough research and exercise caution. This article provides information for informational purposes only and should not be considered investment advice.