Wall Street Memes and Pepe Coin Price Rise 15% As Crypto Market Rebounds
The value of all cryptocurrencies on the market has grown by 6% in the last 24 hours, which shows a strong rising trend. The rally is being driven by institutional and popular use of Bitcoin, which is in part due to BlackRock’s application for a Bitcoin ETF. Altcoins and meme coins, on the other hand, are seeing huge price increases.
Pepe has become one of the best producers, and its token has gone up by almost 15%. Investors are still hopeful that it will reach a market cap of $1 billion again.
Wall Street Memes is another joke coin that is getting a lot of attention. Its presale is almost at $9 million. The token’s good start and strong community are already making people think of Pepe.
How Long Will Pepe’s Rally Last?
Global meme coin effect Pepe is rising again because the crypto market as a whole is getting better. It went up by more than 14.8% in the last 24 hours, taking its gains for the week to more than 15%.
With a 130% rise in trade volume in the last 24 hours, the token is the most popular cryptocurrency on CoinMarketCap right now.
Pepe’s success can be credited to a strong rebound in the crypto market, led by Bitcoin’s bullish strength. Some experts think that BTC could soon reach a price of $40,000, which would be an all-time high for the currency.
The walls were broken when investment giant BlackRock asked for a spot Bitcoin ETF. Soon after, Deutsche Bank asked for a digital asset license. Since then, Fidelity, Citadel, and Charles Schwab have all started a crypto market where four crypto assets, including Bitcoin, can be traded.
Another investment management company, WisdomTree, has taken BlackRock’s lead and applied for a spot Bitcoin ETF trading option.
BTC has skyrocketed 8% in the last 24 hours, making it soar past the $29k mark. Experts think that altcoins’ prices will go up because Bitcoin’s supply will be cut in half soon.
The fact that people are optimistic about the crypto market is good for Pepe, which has been keeping a close eye on the BTC price for the past few weeks. But buyers would hope that the token could also make steady gains during a bear market. So far, it hasn’t been able to do this. A study from Santiment showed that Pepe couldn’t get retail investors even when it was at its peak.
Michael van de Poppe, who started MN Trading, thinks that Pepe has had a big bounce, but there isn’t yet a clear sign of where it will go next.
Which other meme tokens are traders backing?
Right now, Pepe isn’t the only meme token that’s going up in value. Shiba Inu is also going up in value.
Wall Street Memes is also getting noticed during its presale, which is getting close to $10 million and has caught the attention of Elon Musk.
Is Wall Street Memes Token The Next Pepe?
In the last few weeks, the Wall Street Memes token has become one of the most sought-after items on the meme coin market. In just over three weeks, the advance of the token brought in a staggering $9 million.
The meme coin craze is still going strong, and many people think that the $WSM token will be the next global meme coin craze.
The Wall Street Memes movement started after the groundbreaking GameStop short squeeze in 2021, when a small army of internet traders took on the big-money banks and won. Since then, it has become a well-known name around the world by shaking up the traditional financial world with the help of communities and memes. It gets more than 40 million social media impressions every month, and even Elon Musk likes its Twitter handle.
The group has also built up a strong base of customers in the Web3 area. It sold out of its Wall St. Bulls NFT collection in 32 minutes, making a cool $2.5 million. It was so happy with how well it did that it just recently put out its own Bitcoin Ordinal NFTs.
The Wall Street Memes group is now trying to turn that same sense of community into a ticket and control the demand for the next big meme coin.
Even though the Wall Street Memes token is very famous, it uses community-driven tokenomics. All of the 2 billion $WSM tokens are available to the public. There are no secret sales or cuts for the team.
50% of the tokens will be offered during the presale, so investors can take advantage of the lower prices at the beginning. 30% of the $WSM tokens will be used to reward the community. Through a kind airdrop, 5 lucky degens will also get $10,000 worth of $WSM coins.
The token costs $0.0298 right now, but in the presale, it’s going fast. Investors can only buy the token in small amounts with bank cards or by exchanging ETH or USDT coins.
