In the dynamic world of cryptocurrencies, Wall Street Memes (WSM) have emerged as a topic of discussion among traders and enthusiasts. After a commendable launch, its valuation increased by an impressive 30%. Dextools.
As of September 29th, Wall Street Memes is priced at $0.045620, with a 24-hour trading volume reaching a staggering $1.7 million. Over the last day, the token experienced an uptrend of almost 30%. Despite its recent buzz, CoinMarketCap’s ranking for the crypto currently sits at number 2135.
Detailed market cap figures remain elusive, but what is clear is that its maximum supply is limited to 2,000,000,000 WSM coins, while the circulating supply has yet to be confirmed.
OKX Now Offers Spot Trading for Wall Street Memes (WSM)
Wall Street Memes (WSM) has been added to the OKX spot trading markets, which is the world’s leading crypto exchange. This list has been highly anticipated since WSM raised nearly $30 million to make financing more accessible and challenge traditional Wall Street practices in favor of everyday people.
OKX is the first major exchange to facilitate the trading of WSM against the USDT (Tether) pair, which is a significant milestone in the currency’s journey towards wider adoption and commercial availability. Let’s take a quick technical look.
Wall Street Memes Price Prediction
On a technical note, the chart time frame chosen for analysis is a 4-hour window. Key price levels to watch include a pivot point at $0.0399. Potential resistance points are at $0.04701, $0.05678 and $0.07221. On the other hand, immediate support is at $0.03303, followed by $0.02478 and $0.01997.
Digging deeper into the technical indicators, the Relative Strength Index (RSI) is currently at 71. This suggests that the asset is in overbought territory, as any RSI value above 70 usually indicates this condition.
The asset’s current price is slightly above its 50-day exponential moving average (50 EMA) of $0.04166, indicating a near-term bullish trend.
Chart patterns further highlight a double pattern above $0.0470. The implications of this pattern are fundamental. If Wall Street memes break this level, it could signal bullish momentum. Conversely, falling below could indicate bearish trends.
The overall trend is anchored in the double pattern above $0.0470. Prices above this are bullish, while prices below are bearish. As with all crypto ventures, investors should remain vigilant, especially with the unpredictable nature of meme coins.
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Meme Kombat: Crypto Alternatives
Recently introduced, Meme Kombat combines meme concepts with fighting games and assures players of two sources of earnings: active and residual. The token currently provides a betting APY of 112%. the project white paper emphasizes the Meme Kombat Token ($MK) as a core element of its financial framework.
One of the main features of the Meme Kombat platform is betting, which offers crypto enthusiasts a constant passive income through APY. Users can securely link their crypto wallets to the platform and stake their $MK tokens.
30% of the total chip supply is reserved for betting and in-game rewards. This allocation approach encourages users to keep their tokens, promoting stability.
After the first 14 days of betting have passed, users can choose to withdraw their tokens or continue betting to earn the APY benefits on an ongoing basis.
Cryptocurrency pre-sale and betting tactics
Meme Kombat offers a variety of betting options, including Player-vs-Player and Player-vs-Game, which offer alternative avenues for cryptocurrency investments. In addition, the platform’s crypto pre-sale has already attracted more than $60,000 in just one day.
The overall fundraising goal for the presale is set at $10 million, with each token priced at $1,667. The first members of this pre-sale enjoy the benefit of automatic chip betting.
The platform hopes to roll out multiple features between October and November 2023, highlighted by the premiere of Meme Kombat Season 1, aimed at keeping players engaged. By the end of 2023, enthusiasts can anticipate the release of Meme Kombat 2, which will offer enhanced gameplay features.
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Disclaimer: Crypto is a high risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.