Wall Street Memes (WSM Coin) Analysis - Can It 100x?

By Coins Reporter | Coinsreporter | 20 Sep 2023

Do you remember who crushed hedge funds with short positions on GameStop in 2021? If not, it's high time to recall the GameStop Saga 2021 as the Wall Street Bets Reddit Community, the saviour of people's Money and crusher of shorty bunch of crooks, has launched Wall Street Memes aka WSM Coin.

WSM has entered in it's last cycle of presale and is going to launch on multiple tier one exchanges in a week's time. The WSM boasts of a community with over 1 million followers and an astounding sum of $25 Million raised in presale till now.

With the incredible emergence of Shiba and PEPE, the meme coins bazzar has been in the red hot form recently. After 2020, the cryptoverse has witnessed a lot of meme coins entering the market; albeit mostly destined to fail. The debacle for these funny coins still remains that do not prove any use case and most will die their own death once the hype gets over. Then, why is this buzz for another meme coin? Let's find out.....

Why WSM Coin?

👉 The first and foremost is the Reddit community that is heavily behind this project. The wallstreetbets has 14 M plus members on Reddit. The count of followers for WSM is also growing rapidly. On X and Instagram, WSM has 274k and 539k followers respectively, which is a very good number for a coin that's in its presale. If we consider all social Media platforms, we might be

👉 The successful presale is another big reason to call WSM the next big thing to enter the Meme world. However the period for presale is much longer, raising $25 Million is no small feat. Considering WSM is just a meme coin without much use case, the successful presale only indicates towards an upcoming 'inside a top 100 if not a top 10 coin.'

👉 Interestingly Elon Musk has commented on the meme posts by WSM on X several times and there are rumours that the tech giant is in some way related to the project. However Elon's financial involvement with WSM is just a rumour, his social engagement is enough to market a new coin. Elon's love for meme coins is not a secret at all.

👉 Another big reason that WSM is here to stay is the tokenomics which suggest that there will be 30% share for community rewards. Community rewards definitely suggest a long term vision of a project.

Image source WSM official Site

Future Projections?

While the crypto markets have always been unpredictable so far, Wall Street Memes (WSM) is one of those promising projects that have a clear roadmap, a strong community, a better team, supported by top guns and much more. While the project is onto its last phase of presale, as soon as it hits the exchanges we may see volatile price movements for WSM.

Case 1- If the community holds onto the coin in anticipation of staking rewards, we may be in for higher prices for WSM and it can go as high as $0.1 with an initial supply of 1 B coins.

Case 2- If the community start taking profits, we may still see the prices go up towards a $0.05. I personally feel this as more realistic.

Case 3- If we see Wall Street Memes to list on top exchanges like Binance or Kucoin, the prices will see moon and rise upto 0.2 before cooling down.

Remember these are just projections and not a financial advice, always DYOR.

Thanks for Reading

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