Wall Street Memes Keeps Getting Listed on Exchanges, Buy WSM Now Before The Next Price Surge Leaves XRP Behind
The crypto market has seen its fair share of hype and speculation, with investors constantly on the lookout for promising new projects. 2023’s spotlight has fallen on an ambitious new meme coin called Wall Street Memes (WSM). This coin has quickly generated buzz and captured significant interest.
WSM conducted an immensely successful presale in mid 2023, raising an impressive $25 million. This demonstrates strong faith in WSM right out the gate. The project has moved swiftly to get listed on major crypto exchanges like Gate.io, CoinW, OKX, HTX, MEXC, LBank, CoinEx, BitMart, and BingX. Speculation is building around potential future listings on giants like Binance, Kucoin, Coinbase, and ByBit.
Importantly, OKX just announced margin trading for Wall Street Memes on October 5th. This is significant news and could signal a price explosion is coming. Now might be an opportune to buy WSM before a potential surge.
The WSM team has aggressively marketed the coin across various crypto and investing sites including Cryptonews, CryptoPotato, CaptainAltcoin, Investing.com, and many more. They are determined to spread awareness of WSM to bolster its profile in the crypto sphere. This promotional campaign appears to be working, as WSM trends highly on forums and its price climbs.
What you'll learn 👉
WSM Benefits from Vibrant Community Backing
A key asset for any cryptocurrency is a strong, vibrant community supporting it. WSM boasts impressive engagement, with its X (Twitter) account having nearly 300,000 followers. Its Telegram channel also has over 35,000 members. WSM’s X account is extremely active!
Have you joined our Telegram? Make sure you do to receive breaking news and exclusive updates! 💥
— Wall Street Memes (@wallstmemes) October 5, 2023
Join now ➡️ https://t.co/eXtAVhy6xU pic.twitter.com/1eHMv0CUEP
WSM is running an appealing $50,000 airdrop promotion to further expand its community. The prizes are split randomly among five holders, giving people an added incentive to buy WSM coins.
The project also benefits from verified connections to the legendary Elon Musk. As the world’s wealthiest man, Musk holds unparalleled influence in crypto. His interactions with WallStreetMemes on Twitter have brought legitimacy and attention to the coin. Associating with such a high-profile figure has been a huge boost to WSM.
Technical Analysis Points to WSM Price Growth
Early trading data reveals an upward trajectory for WSM. It rapidly rose from its presale to ascend to the top of meme coin discussions.
Despite recent listings on major exchanges, WSM’s price has trended down this week, trading below $0.06. This aligns with broader declines across crypto markets. However, technical analyses suggest optimism for WSM moving forward.
In recent hours, WSM has hovered just above $0.05, decreasing about 3% over the past 24 hours. Both buyers and sellers have faced challenges in controlling the price, leading to neutral momentum.
The Fear and Greed indicator has rebounded from the Fear zone back into the Greed zone. This signals improving market sentiment. Furthermore, the MACD chart shows the MACD line retesting the signal line from below. This shift reflects a transition from bearishness to neutrality, and likely an upcoming reversal.
Analyst Weighs In
According to MonoCoinSignal’s analyst, Wall Street Memes (WSM) represents the humor and jesters of Wall Street, combining comedy with savvy investing in a meme coin format. WSM is diverging from the overall downtrend, currently priced at $0.0548 with a high 24-hour trading volume of $87.99 million.
WSM’s scheduled buyback in October is generating bullish momentum, with forecasts of a strong retest of the downtrend line followed by a potential price pump. In the meme coin market filled with anticipation, WSM stands out as an energetic contender well-positioned to capitalize on any crypto rally. With its distinctive blend of humor and smart mechanics, WSM aims to disrupt the meme coin space.
The Relative Strength Index (RSI) dipped below 50 but has stabilized around a neutral position. This reinforces the neutral momentum in play for WSM. With the RSI suggesting limited buying/selling oscillations, the market momentum remains even-keeled.
Overall, while short-term uncertainty exists, the technicals point to a high-potential future for this ascending meme coin. As community and exchange support keep growing, Wall Street Memes looks poised for sustainable growth.
For a coin that debuted just over a week ago, Wall Street Memes has gained impressive traction. WSM currently boasts a market capitalization of over $102 million. Data from DEXTools shows WSM has attracted a substantial community as well, with more than 35,000 holders already. These metrics demonstrate remarkable growth in holders and market value in a very short timeframe since launch. Clearly, WSM is resonating with crypto investors and quickly gaining mainstream adoption.
XRP Faces Impatient Investors Despite Legal Victories
Meanwhile, a far more established coin in XRP has seen stagnating prices recently, leading to impatient investors. This frustration is building despite significant legal victories for Ripple against the SEC lawsuit.
The lawsuit alleges Ripple conducted an unregistered securities sale through XRP. Judges have repeatedly ruled in Ripple’s favor so far, bringing them close to defeating the SEC case. Two recent appeal denials have been positive developments.
After the latest denial on October 3rd, XRP did rally from $0.50 to $0.53. However, this surge quickly reversed, and XRP has returned to stagnant trading and at the time of writing, it’s trading around $0.52 mark.
Source: altFINS
Technically, XRP faces strong resistance around $0.55, which aligns with its 200-day moving average. This area has rejected the price multiple times over the past two months. XRP hasn’t been able to break above it despite the positive legal news.
XRP is currently trading in an ascending triangle pattern, which often breaks out upward. However, momentum indicators are neutral, with the MACD line and RSI around the midpoint. This reflects overall uncertainty in the market.
Near-term support sits around $0.47, with resistance at $0.55 and $0.68. A decisive break above $0.55 would signal a resumption of XRP’s uptrend. But for now, investors are running out of patience with its sideways trading.
XRP – Positive news
Amid the recent sideways price action, XRP received an extremely bullish signal this week from a spike in derivatives trading. According to JackTheRippler, the volume on XRP derivatives exploded higher by a massive 185% in the last 24 hours. This parabolic surge in derivatives activity signals a strongly increasing interest in trading and speculating on XRP’s price. These derivatives allow traders to bet on future price movements.
BOOOOOOOOOOOOOOOOOOM!!!#XRP derivatives volume surges by 185%! 👀🔥https://t.co/Zcuza5GrA7 pic.twitter.com/brZo95YikR
— JackTheRippler ©️ (@RippleXrpie) October 4, 2023
The dramatic uptick shows traders are becoming very optimistic about XRP’s outlook. This influx of volume is a leading indicator of growing momentum behind XRP, which could foreshadow significant price appreciation ahead. If the buying interest in XRP derivatives keeps rising at this pace, substantial gains may be on the horizon.
WSM Emerges as a Fresh Alternative for Crypto Investors
The contrast between XRP’s stagnation and WSM’s ascendance is clear. While XRP struggles to capitalize on its wins, WSM continues gaining community strength.
For cryptocurrency traders and investors, Wall Street Memes presents an exciting new opportunity. With its ambitious goals and vibrant following, WSM offers a lot of upside potential.
Meanwhile, XRP faces increasing impatience even amid positive developments. Its inability to break key resistance levels demonstrates a lack of conviction.
Traders seem to be shifting focus toward new horizons like WSM. With its strong start and aggressive marketing, Wall Street Memes looks well-positioned to become a rising force in the meme coin space. Its community growth also gives it an advantage over lagging competitors.
Ultimately, WSM’s ascendant trajectory stands out against XRP’s stagnation. As interest and prices keep increasing, Wall Street Memes has cemented itself as an alternative to watch closely in 2023 and beyond. The crypto arena may have a new fan favorite meme coin in town.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
