Will Wall Street Memes Be The Next Pepe As The Pepe Price Struggle Continues?

After an explosive run, Pepe Meme coin has fallen over 60% from its May 5 all-time high (ATH) to around $0.00000143.

PEPE has lost focus after its price surge in recent weeks, as Binance announced it would be listed in its “Innovation Zone”.

According to moon crushSocial engagement for Pepe is down 31.5% in the past week.

Furthermore, relative to its price, social engagement has continued to slide below its price since reaching its ATH on May 5.

A reduction in interest is to be expected after a parabolic run like Pepe’s experienced, but will investors ever be able to regain their faith in the coin, or is it destined to fall even further?

Recent Technical Analysis for Crypto Trader CryptoMichNL Checked out recent price action on Twitter by Pepe, saying that “each block is an opportunity to hold resistance lower.”

Based on the analysis, the final price target for Pepe was $0.00000085 – a 40% selloff from its current price.

However, Pepe has gained notoriety in the crypto space with 290k Twitter followers, 116k holders, and a $600 million market cap.

Therefore, we will likely see a price correction at some point – however, a newly launched meme coin could steal a lot of its glory in the coming days and weeks.

Wall Street Memes launches with $100k raised in 24 hours

wall street memes has just launched its WSM token pre-sale and has raised over $100,000 in the first 24 hours of going live.

Another meme coin that could quickly gain massive popularity is Wall Street Memes, a token for popular social media accounts that boast over 500,000 followers across their channels and already have a lot of name recognition in the community. .

Previously, the developers brought the NFT collection Wall St. Bulls to market, selling out that collection in just 32 minutes when it launched in 2021.

The project remains healthy and has seen over 1,800 ETH in trading volume – over $3.3 million based on today’s prices.

The hype is also rapidly building around them Wall Street Bulls Ordinals The collection, which Mint has a supply of just 420, can be grabbed via whitelisting on Discord and is expected to be picked up quickly.

The project already has a hyper-engaged community since the explosion of the Wall Street Bets Reddit, which rocked the financial world when the likes of GameStop boomed.

wall street memes is a community-based meme coin with no private sales or team allocation – 50% of the 2 billion supply will be available to everyone in a pre-sale, with the remaining tokens exchanged between liquidity (20%) and community rewards (30%) Will be divided. ,

A $50,000 airdrop is also underway to help promote the presale campaign.

The price of WSM token is currently $0.025 in Phase 1 of the pre-sale and will increase to $0.0337 in the final phase. however, Analysts believe WSM could see at least 10x gains After its IEO.

Visit Wall Street Memes Presale