As the crypto world is buzzing with news about the upcoming Ripple upgrade that will introduce a new XRPL protocol, many investors are wondering whether the hype is justified and whether will XRP surge to $1 or take a dive to $0.35.
As investors weigh their options with XRP, another token is taking the market by storm. Wall Street Memes (WSM) is threatening to become the biggest meme coin of the year, even though we have already seen meme coin wonders like Pepe Coin and Sponge making impressive gains a few months ago. WSM is the new generation of meme coins, based not only on internet hype and speculation but also on its message and the strength of its community. That is why many analysts feel that it will outperform traditional tokens like XRP regardless of how successful the new Ripple upgrade becomes.
What Lies Ahead for XRP?
David Schwartz, the CTO of Ripple, doesn’t hide his excitement about the upcoming features that will be integrated into the XRP Ledger (XRPL) protocol. Two features that he likes to highlight are an automated market maker (AMM) and a clawback feature. The official announcement said this about the AMM:
“XLS-30 will bring a native Automated Market Maker to the XRPL that integrates with the existing order book DEX to enable trading of digital assets in automated liquidity pools and enable developers to address a wider audience of DeFi stakeholders.”
The number of XRPL accounts is approaching 5 million, with a total of more than 56 million XRP held in these accounts. As those numbers continue to grow, more and more analysts agree that Ripple is on the mend, despite the ongoing lawsuit the U.S. Securities and Exchange Commission (SEC) has filed against it. However, the risk that lies ahead cannot be entirely dismissed and caution is advised when considering any XRP investment.
The fact remains that the XRP price predictions vary wildly, from a sharp climb to $1 and beyond to a nosedive to $0.35 and perhaps even lower. Until the situation becomes clearer, we can easily see a reluctance to invest in XRP and a massive pivot to WSM as the next big thing in crypto.
Wall Street Memes Threaten to Upset the Market on Wings of a Record-Breaking Presale
Wall Street Memes had one of the most successful ICOs of the year. Its presale raised more than $25 million, selling the entire token allotment weeks ahead of schedule. The speed with which investors gobbled up all available WSM tokens upturned the carefully laid out roadmap, causing developers to move everything up. Now the token is just days ahead of its first Tier 1 exchange listing, which promises to catapult it into the stratosphere. Those who were lucky and/or smart enough to buy WSM early stand to make a bundle once that happens.
Unlike its predecessors like Dogecoin or Shiba Inu, Wall Street Memes doesn’t rely on the hype created by the likes of Elon Musk to drive its value. Instead, it utilizes a far more democratic approach and draws its strength from the power of the people in its community. This novel approach is already reaping benefits for the developers and may easily prove decisive in a battle for the title of the biggest meme coin of the year.
Influencers Predict Massive Success for Wall Street Memes
While in the case of XRP’s future, the opinions remain divided, influencers and analysts are largely unanimous about Wall Street Memes and its future prospects. Joe Parys, one of the biggest YouTube crypto influencers, says that WSM is the next 100x meme coin, setting up to outperform even the now-legendary Pepe Coin. It is widely accepted that this was the token that revived the entire meme coin niche and comparing WSM with it is a telling sign of how much Parys appreciates it.
Michael Wrubel, another big name in the YouTube crypto scene, is also infatuated with Wall Street Memes. Wrubel claims that WSM is a game changer, advising his 300,000 followers to go as bullish as they can on it.
Such explicit support has prompted several whales to invest heavily in WSM. There were numerous WSM purchases exceeding $150,000 each, a sure sign that big investors are betting massively on the new meme coin wonder.
XRP Lacks the Steam to Compete with Popular Tokens Like WSM
The general consensus among the analysts is that XRP, like so many other traditional tokens, simply lacks the steam to compete with the new generation of cryptocurrencies like Wall Street Memes. WSM is leaner, faster, and meaner than established cryptos and XRP cannot match the ferociousness and support it gets from an army of its fans. Add in the legal troubles Ripple is in into the mix and it becomes clear that WSM clearly wins any comparison.
Based on the epic war popular subreddit r/wallstreetbets waged against the entire Wall Street establishment over GameStop short squeeze in 2022, WSM has become a badge of honor for all those wanting to end the rampant corruption on global stock markets. Considering that feeling is shared by a vast majority of humans, the token has the potential to become the biggest meme coin ever.
While some claim that the WSM’s struggle is futile, the majority feels different. WSM is about to weaponize one of the most powerful weapons the Internet has given us – memes. Humor has always been a weapon of choice for the underdogs and oppressed and Wall Street is about to relearn that fact. The fight between David and Goliath has never been more entertaining.
Ripple has been making moves lately to try and revive XRP, hit hard by the SEC and its decision to label it as a security, rather than a currency. Several exchanges even went as far as to delist once-popular token in an effort to shield themselves from potential fallout in case the SEC wins the ongoing legal battle.
Whether these moves will be successful remains to be seen, but there are plenty of investors who are not waiting for the results. Instead, they are looking for greener pastures and one of the greenest ones is WSM, a token hailed as the next big thing in crypto. The token that raced through its presale with blazing speed is gearing up for its first listing, at which point we can expect a massive surge and a potential moonshot. Those who invested early in WSM can easily be a part of the next batch of crypto millionaires.