Choosing a promising cryptocurrency project for investment can be challenging, especially for beginners who may struggle to identify the right ones. Nevertheless, one effective approach is to assess the level of investor interest in various crypto presales.
Two notable examples are Wall St Memes and yPredict, both of which have consistently attracted significant funding. Let’s examine the reasons behind their popularity and explore what makes them appealing to investors.
What you'll learn 👉
WSM is Where All the Action is At
Wall Street Memes has emerged as a distinctive platform or community, originating from the GameStop controversy and the Wall Street Bets movement. It combines elements of internet culture, meme-based humor, and the financial industry.
The primary goal of Wall Street Memes is to satirize and critique the traditional financial system, while also providing individuals with an opportunity to participate in cryptocurrency investments, particularly focusing on meme coins.
In essence, Wall Street Memes embodies the movement by introducing its own cryptocurrency called the $WSM token. This token enables individuals to engage in speculative investments similar to those seen on Wall Street, but with a comedic and irreverent twist. By joining the Wall Street Memes community and investing in $WSM, individuals can demonstrate their support for the movement and potentially earn profits from meme-based cryptocurrencies.
Currently, the $WSM token is in its presale phase, priced at $0.0304, with the subsequent stage set to increase the price to $0.0307. Despite its relatively short existence, the project has already raised an impressive amount of nearly $11 million in funding. Interested parties can acquire the token using ETH or USDT.
Introducing $WSM – yep, we’ve gone and done it.
— Wall Street Memes (@wallstmemes) May 27, 2023
The community token that's flipping the Wall Street Memes game upside down! 🐂
We have 50% of the #Token supply up for grabs in the #Presale and 30% set aside for rewarding our community.🔥
Let's make some serious waves together,… pic.twitter.com/fH2TMGmglZ
The WSM team has unveiled the tokenomics of their project, outlining the distribution of tokens. The presale phase accounts for 50% of the total token supply, while an additional 30% is allocated for community rewards. The remaining 20% is evenly split between CEX and DEX liquidity.
As part of their plans, an airdrop is scheduled for the WSM token, and individuals can qualify by actively participating in various social channels and holding/trading WSM tokens. The appeal of Wall St Memes stems from several factors that contribute to its popularity.
First and foremost, it boasts a sizable and well-established community across multiple social media platforms, laying a solid groundwork for rapid expansion. Additionally, the previous interaction with influential figure Elon Musk has had a significant impact, given his influence in the realm of meme coins.
The robust support from the community also enhances the likelihood of Wall St Memes being listed on a prominent tier 1 exchange. This listing is crucial for future growth and success as it provides increased visibility and accessibility to a broader audience.
Taking these factors into account, WSM is well-positioned to emerge as the most significant meme coin of the year, which is an accomplishment worthy of recognition.
yPredict is Also Catching Attention for Its AI Features
yPredict is a platform built on the Ethereum blockchain, utilizing decentralized technology to establish a prediction market that is transparent and secure. The platform operates by employing the YPRED token as its native currency.
The primary goal of yPredict is to provide users with a decentralized alternative to traditional prediction markets, harnessing the power of smart contracts. Users have the opportunity to create and participate in prediction markets covering a wide range of topics, including finance, politics, and sports.
A notable feature of the platform is “Social Trading,” which allows users to monitor and replicate the trades of the most successful traders on the platform.
In essence, yPredict aims to democratize the prediction market industry by offering users a transparent and decentralized platform for engaging in prediction trading.
🔮 Unlock the power of predictive trading with https://t.co/O3DpDatBLj! 📈💰 Experience a new level of insight as AI-based tools empower traders to anticipate cryptocurrency fluctuations from minutes to weeks. Seamlessly construct custom models, test them in a simulated market,… pic.twitter.com/fhrn1Goe5E
— yPredict.ai (@yPredict_ai) June 7, 2023
The team has made significant strides in their models as well, and on June 15, they will introduce their inaugural prediction model within the yPredict ecosystem. Exploring this model in more detail can provide valuable insights into how it can assist you in making well-informed trades.
The ongoing yPredict presale offers an opportunity for interested participants. In the current stage, the token is priced at $0.09, with expectations of reaching $0.12 in the future upon listing. Remarkably, the presale has already generated over $2.6 million in funds. In the subsequent presale stage, the price will increase to $0.1.
To ensure equitable distribution, 80% of the total token supply has been allocated to the presale, with 50% of these tokens becoming available during the token generation event. It is important to note that these tokens will undergo a 6-week lock-in period, followed by a 6-month vesting period, ensuring a balanced and responsible release of the tokens.
Conclusion
The market is evidently taking a turn upwards – hopefully a big one. The fact that bitcoin is holding above $30,000 is a huge positive sign, and altcoins often benefit when the market’s leader is bullish.
Those altcoins that are novel and bring new use cases, or perfect old ones, are the ones that will benefit the most. As such, the presales of tokens like Wall St Memes and yPredict are well worth taking a look at.
