The United States Securities and Exchange Commission (SEC) has postponed its verdict on whether to grant or reject WisdomTree's, Fidelity’s, and BlackRock’s proposals to introduce a spot Bitcoin ETF (exchange-traded funds) applications. This postponement of 45 days coincides with an increasing demand for a positive verdict, which has notably surged following Grayscale Investments' recent legal victory. The delay has certainly affected the price of Bitcoin (BTC), which is currently in the red zone.
On the other hand, Shiba V Pepe (SHEPE) is the meme coin that is pumping despite being recently launched. After the enormous success of PEPE, investors are wondering if Wall Street Memes (WSM) could be next to achieve extraordinary success. According to the success that its presale achieved, it seems that there is a bull run ahead!
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WSM - The meme coin with the biggest following, primed for an imminent surge
Wall Street Memes (WSM) is among this year's most highly anticipated meme coins. The ongoing presale has garnered remarkable enthusiasm, pleasantly surprising the cryptocurrency market amidst its broader fluctuations. WSM has distinguished itself with an exceptionally large presale cap, deviating from the norm, where projects typically target amounts ranging from $50,000 to $2 million.
Their intent is to mitigate the risk of falling short, and it appears WSM's strategy was well-informed, as they not only aimed for a substantial hard cap but also achieved it ahead of schedule. With more than $25 million raised, this extraordinary achievement serves as a testament to its strong appeal among crypto investors.
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This success comes as no surprise to industry analysts who had already predicted WSM's explosive potential. Their analysis and projections were rooted in the meme coin's affiliation with the Wall St. Bulls community, boasting a global following of over 1 million enthusiasts. In a market where most cryptocurrency communities emerge as ephemeral sensations overnight, this community stands as a refreshing exception. Its growth has been steady since its inception in 2021, when an NFT collection was released and sold out in half an hour!
The project is united by a shared passion for memes that candidly critique the double standards of governments, lawmakers, and unsuspecting investors. This unique feature gives Wall Street Memes an unparalleled advantage in the market, solidifying its position as a prominent and resilient contender.
WSM – Perfect altcoin to ride the meme coin popularity wave
As of September 1, BTC/USD has retraced from the gains it experienced last week, slipping below the $26,000 threshold, as per data from Cointelegraph Markets Pro and TradingView. Initially, market participants had reasons for optimism, as Bitcoin had been holding a crucial long-term trendline and hovering around the $27,000 level.
However, a decision by the United States Securities and Exchange Commission (SEC) to delay its decision prompted a reevaluation. Bitcoin shed $1,000 in value quickly. Now, there are concerns that even the current price levels may not provide sufficient support for the market over the long term. Some investors even believe that Bitcoin could drop to $23k, which wouldn't even be surprising, keeping in mind the turbulence in the crypto market.
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Meanwhile, meme coins are operating on a completely different level. After Dogecoin and Shiba Inu, Pepe Coin has managed to blow everyone away with its success. Now, Shiba V Pepe (SHEPE) brings another twist. Imagine Shiba Inu and Pepe Frog going into a street fight, and you will get SHEPE – a new meme coin wanting to secure its place under the stars.
However, that can be a real challenge because Wall Street Memes has been building a strong community for a while now, and with its presale now in the final stage, everyone is eager to see the first listings. The price surge is expected to occur right after, which is why crypto wales are piling up their tokens at an incredible speed.
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A mysterious crypto whale has injected $1 million into the Wall Street Memes (WSM) presale, propelling this new meme coin beyond its $20 million fundraising milestone at the beginning of August. This enigmatic whale address acquired WSM through a sequence of five transactions totaling 460 ETH with a value of $840,000, all executed within a six-minute timeframe.
Additionally, the same wallet had previously invested 93 ETH two weeks prior, bringing the total investment by this crypto whale to $1 million in WSM. These substantial investments by the crypto whale represent a strong vote of confidence in Wall Street Memes and its potential for a profitable return on investment. The five transactions made by the whale on August 1 played a pivotal role in pushing the presale beyond the $20 million mark, inching it closer to its $30 million target.
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Conclusion
To sum up, Bitcoin appears to be facing another challenging hurdle on its journey. Despite concerns about Bitcoin's price drop potential, meme coins like SHEPE and WSM are thriving. Seeing the number of investors jumping on the bandwagon, it is clear that there is a strong belief in the power of Wall Street Memes. Looking at the way that the crypto market is coping with all the changes and the price drops affecting various cryptos, getting WSM now looks like the wisest choice!
