Will Wall Street memes be the next Pepe as PEPE price continues to struggle?

Will Wall Street memes be the next Pepe as PEPE price continues to struggle?

After an explosive run, the Pepe meme coin has fallen more than 60% from its all-time high (ATH) on May 5 to around $0.00000143.

Attention has turned away from PEPE in recent weeks after its price surged into the “innovation zone” following Binance’s announcement.

According to Lunar Crush, Pepe's social engagement has decreased by 31.5% in the past week.

Additionally, social engagement relative to its price has continued to fall below its price since peaking on May 5th.

After a parabolic rise like the one experienced by Pepe, a decline in interest is to be expected, but will investors ever regain their confidence? coinor will it fall even further?

A current technical analysis from crypto traders CryptoMichNL on Twitter, Pepe examined recent price action and noted that “every block resistance represents a short selling opportunity.”

The final price target for Pepe, according to the analysis, was $0.00000085 – another 40% sell-off from the current price.

However, Pepe has gained prominence in the crypto space with 290,000 Twitter followers, 116,000 holders and a market cap of $600 million.

Therefore, we are likely to see a price recovery at some point – although a newly launched meme coin could steal much of its fame in the coming days and weeks.

Wall Street Memes launches with $100,000 raised in 24 hours

Wall Street Memes just launched its WSM token presale and has already raised more than $100,000 in the first 24 hours since launch.

Another meme coin Wall Street Memes is the token for the popular social media account that could quickly achieve mass popularity and has more than 500,000 followers on its channels and is already well known in the community.

Previously, the developers launched the Wall St Bulls NFT collection, which sold out in just 32 minutes when it launched in 2021.

The project remains healthy and has seen trading volume of more than 1,800 ETH - more than $3.3 million based on today's prices.

Hype quickly builds up around them too Wall Street Bulls Ordinal Numbers Collection, which has a stock of only 420 copies, accessible via the whitelist on Discord and is expected to be claimed quickly.

The project already has a highly engaged community that has been around since the Wall Street Bets Reddit explosion that rocked the financial world as companies like GameStop experienced exponential growth.

Wall Street Memes is a community-based meme coin with no private sale or team allocation – 50% of the 2 billion supply will be available to everyone in presale, with the remaining tokens split between exchange liquidity (20%) and community rewards (30%).

A $50,000 airdrop is also ongoing to promote the pre-sale campaign.

WSM tokens are currently priced at $0.025 in Phase 1 of the presale and will rise to $0.0337 in the final phase. However, analysts believe WSM could see at least a 10x gain following its IEO.

Visit the Wall Street Memes presale