DOGE2.0, the newly discovered meme token, failed to generate much excitement. Despite surging prices to an all-time high (ATH) of around $0.022, the rally failed, with prices now hovering around $0.006608. The lack of associated online presence and community makes DOGE2.0 vulnerable to losing momentum in the long run.
In contrast, Wall Street Memes (WSM), another meme token, has already garnered a large following and is currently having a successful presale. Stemming from the meme stock movement that sparked the GameStop and AMC rallies in 2021, WSM has attracted a thriving community of supporters and raised $11.1 million. With more than 255,000 followers on Twitter, WSM benefits from a solid and engaged community.
While DOGE2.0 and WSM have no fundamental value or utility, WSM’s connection to the movement of meme stocks gives it a better chance of outlasting its initial rally. Its pre-sale offers WSM for $0.0304, which could increase significantly upon listing in the coming weeks.
Investors can participate in the WSM token offering by visiting the official Wall Street Memes website and linking their software wallet. WSM can be purchased using USDT, ETH, or fiat currency. On stage 18, out of 30, the presale will end when WSM reaches a price of $0.0337.
With a growing community and growing interest, WSM is poised to see further profits once the presale ends. Investors are watching these meme tokens closely because they stand out, thanks to their strong following and relationship to the movement of meme stocks.
As the meme token market continues to grow, the success and support of projects like WSM highlight the potential for this token to grow. However, investors should approach meme tokens with caution, given their speculative nature and potential volatility.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in cryptocurrency and meme tokens involves risk, and readers should research before making any investment decisions.