2023-06-08 10:39:00
Investing.com – The pre-sale of new cryptocurrency Wall Street Memes (WSM) has netted more than 4 million buyers in just 10 days, heralding a massive rally for this nascent cryptocurrency.
This coincides with the rise of two digital currencies bearing an Arabic character, namely “HABIBI” and “HARAM”. HABIBI token exploded by 440% over the past few hours, but lost those gains in the last moments.
alert: The article does not express a recommendation or nomination, but merely a monitoring of market fluctuations, as trading in digital currencies involves high risks, including the risk of losing some or all of the investment amount, noting that it is not fully subject to the bodies and markets.
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Wall Street currency.. a rocket rise is coming?
The price of the “Wall Street” digital meme currency is currently $ 0.0271 during the current eighth stage of the pre-sale, but this price will rise in the ninth stage to reach $ 0.0274, knowing that the ninth stage will start immediately following the end of the pre-sale of collecting $ 4,168,000, which has become Imminently, as there is nothing left for the eighth stage but to collect $ 100,000 before it reaches its end.
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Some experts consider this currency to be the next best investment candidate for cryptocurrency investors looking for the next meme coins that will achieve huge gains similar to its predecessors such as the Shiba Inu coins and more recently the Bibi coin.
Given the huge rise in the prices of meme currencies, which appeared strongly at the height of the Covid pandemic, the team behind the Wall Street Memes currency has the experience required to build interactive communities, as analysts expect ten times gains for this currency when it is listed on trading platforms, and it can even achieve gains Exceeding these expectations.
The huge demand for the WSM coin caused the achievement of the financing goals for each stage very quickly. It is theoretically expected that the pre-sale will move to its next stage, so that the price of the currency will rise within less than 48 hours, but given the current sales rate, this goal will be reached within a short time. Much less than expected.
With a million highly engaged social followers, WSM coin is likely to be a prime candidate for listing on major exchanges such as Binance. However, prior to listing on large centralized trading platforms, they will be listed directly on decentralized trading platforms, with the goal of equal trading opportunities for everyone regardless of the regulatory laws that centralized exchanges are subject to in their regions.
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The founders of Wall Street Memes famously made $2.5 million in 2021 following they released a batch of Wall Street Bulls made up of 10,000 non-fungible tokens (NFTs), which sold out in just 32 minutes.
During the last week of May, the WSM team launched a set of 420 non-fungible tokens on the Bitcoin blockchain called the Wall Street Bulls Ordinals NFT Collection.
WSM revolves around enabling weak people to fight monopolistic big investors and make profits at their expense, following individual investors in the stock market were able to win – at least for a while – over the financial investment sector in the United States (Wall Street) by investing in shares of companies GameStop and AMC.
Wall Street Memes follow the same bold approach in the crypto sector, with 100% of the coins allocated to the coin community, no private sale and no unfair allocation in favor of the team. In fact, 30% of the total coin supply (2 billion coins) is allocated to community rewards, which might mean that randomization rewards for coin holders will form a large part of the technical system for this project. In addition, 50% of the total supply of these currencies has been allocated for the pre-sale stage, 10% for securing the necessary liquidity for listing the currency on centralized trading platforms (CEX) and 10% for listing it on decentralized platforms (DEX).
alert: It is mentioned that some currencies involve outrageous fraud and a major deception that may destroy the fortunes of those looking for a foothold in the land of dreams, where they catch up with a currency from its inception, so that it may be the new one. It is a highly volatile and high risk market, so you should be very careful when dealing with cryptocurrencies that can make you rich overnight and may steal your money in moments.
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Arab coins
In light of the huge rises in meme coins recently, HABIBI token appeared which exploded by around 440% in the past hours, before losing those highs.
This leaves HABIBI token price at $0.000004108 in a continuous battle with the overhead resistance.
Buying pressure remains strong, with 191 buying to 141 selling in the last hour, which indicates that the price might go higher and pump more, as the meme digital currency is down 30% in the last 24 hours.
On the other hand, another strong performer was another cryptocurrency, Haram, which was launched for the first time on May 14.
Haram rose by as much as 102%, as this influx of buying volume was met with a wall of selling pressure from long-term holders who were relieved by this price move.
This led to a serious pullback, as the price is currently trading at $0.00000000009086, leaving some to speculate if it is all over for the token, as it is down in the last 24 hours by 34%.
It is worth noting that these digital currencies do not contain strong projects that support their continuity, so you should be careful when investing in this type of currency.
alert: Please note that all price forecasts or analyzes belong to its owner, and Saudi Investing has nothing to do with it and is not responsible for it. Please be aware that the field of trading is in a high-risk field, so be careful before making any decision and any action you take regarding the information you find on this website (Investing Saudi Arabia) is entirely at your own risk. Saudi Investing shall not be liable for any losses and/or damages in connection with the use of our website.
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