The meme coin markets are in full recovery mode as Shiba Inu enters an upward trend after a few months of steady price drops. The second most popular meme coin has reached a price of $0.0000088, a surge of around 5%, giving the token momentum after weeks of decline.
Naturally, the trading volume exploded, reaching levels of over 150 million. Other meme coins are also growing steadily, especially new platforms that have been released in the past month, as well as those that are still in the presale stages. For example, the latest meme coin, Wall Street Memes, entered presale only days ago raising over $500K in less than 48 hours. The $WSM token is expected to explode immediately after release, so let's see what you can expect and how it will affect meme markets in general.
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Shiba Inu Banks on Shibarium
The rise of Shiba Inu tokens in the past few days is caused mainly by news about the launch of Shibarium, the platform's new layer two mainnet. The launch will drive massive on-chain value in the SHIB ecosystem. The new mainnet will provide a scalable solution, ideal for Daap development. All developed apps will use the SHIB token as the utility, increasing daily token traffic.
All this news put Shiba Inu back into focus and should lead to stable, exponential growth in the future. For those who don't know, SHIB tokens already had a price rally of over 10,000x during the previous crypto market bull run without token utilization or actual value. Everything resulted from pure speculation, and Shiba Inu was supposed to end up like another worthless token.
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However, the platform's devs decided to give SHIB tokens a real-world use case, which again sparked interest in the token. As a result, Shiba Inu reached a new milestone for the number of transactions. The platform processed over 11.6 million transactions from over 15.9 million unique digital wallets.
Shibarium Layer Two - A Bridge With Ethereum
Shibarium layer two scaling solution will reimagine how Shiba Inu works from the ground up. It's designed as a bridge with Ethereum, allowing seamless asset transactions between the two blockchains. Moreover, the new ecosystem will facilitate a metaverse and a built-in NFT system.
The transition to the new layer two solutions will put Shiba Inu into Ethereum's network with a total value of over $27 billion, spread across numerous DeFi platforms, such as Uniswap, MakerDAO, Lido, and many others. Entering the same pool will likely lead to another bull run, reviving the sleepy SHIB token and returning it to the top of the crypto markets. That said, SHIB tokes are not the only meme coins you should keep track of in the next few weeks.
Wall Street Memes - Emerging AI-Powered Meme Generation Platform With Massive Gain Potential
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Official Wall Street Memes Presale Raises over $500K in Days
Wall Street Memes is the latest meme coin project that entered presale in the last week of May, 2023. The news about the platform came as $PEPE and other memes started dropping, giving users the perfect timing to invest early and get the highest returns in the future. Moreover, Elon Musk interacted with the official @wallstmemes Twitter account, signaling a bright future for all token holders. Elon’s support to WSM will likely make this meme coin the highest gainer in 2023.
The platform is building a strong community on social media such as Instagram and Twitter, as well as Telegram and Discord. Considering that the official launch happened on May 26th, the platform is growing faster than any other meme coin this year. If things continue moving on the same path, $WSM tokens will make thousands of investors rich after the first CEX/DEX listings.
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Growing Community Signals Massive Growth Potential
While WSM meme coins are a brand new digital asset, the platform has already seen some success in the crypto environment. Namely, WSM’s NFT collection called Wall St Bulls sold out in half an hour in 2021, earning over $2.5 million. Therefore, the brand was established years ago, and it aims to use its previous success to build a massive community and drive the price of WSM tokens higher over time.
The platform offers a unique approach to tokenization and token adoption. The total supply of 2 billion $WSM tokens is divided in a way that will ensure liquidity and stable price movements. 1 billion tokens will be sold during the presale, 30% will be given out through rewards, and the remaining 20% will stay locked to maintain liquidity.
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Once the tokens go live, they will appear on major Tier 1 CEX and DEX listings, which will only drive the token’s price higher, allowing $WSM to match and potentially surpass $PEPE’s incredible growth post launch. So, if you invest today, you will likely get over 5,000% in returns, potentially even over 10.000%.
The Luckiest Investors Will Get $50K Tokens for Free
Wall Street Memes devs decided to reward five luckiest investors who buy $WSM tokens in presale with $50k worth of tokens for free. The airdrop is another way the devs motivate the community to become a part of the project, and considering that the tokens are selling for $0.0253, 100 dollars will get you over 4200 coins.
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Make sure to visit the official Wall Street Memes site to get more information about the airdrop. You’re required to join the official Telegram and Twitter and complete a few simple tasks such as sharing the channels on your social media. The process takes only a minute to complete, and if you’re lucky, it can help you get millions of $WSM tokens for free! So, don’t miss your chance to invest early to get the highest returns in the next few months!
Final Words
Shiba Inu, Dogecoin, $PEPE, MILADY, and many other meme coins are expected to stay on an upward trend throughout 2023 and beyond. Most of the existing meme coins, such as the SHIB, won't repeat their massive gains from the past. However, upcoming platforms such as Wall Street Memes will likely lead to a considerable price rally, giving early investors as much as 1000x or more in returns. So, don't miss your chance to invest today to enjoy the highest returns in the future.
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