© Reuters While Bitcoin lost 1.3%, this new coin has a chance to grow 100 times.
Happycoin.club – Currently, the cryptocurrency market is experiencing a gradual exit of digital currencies from a state of stagnation. This is evidenced by both the negative dynamics of the price of bitcoin, recorded over the past 24 hours, and the consistent growth of projects that are in the pre-sale stage.
Experienced market participants are well aware of the situation when BTC starts to actively fluctuate in price. That is why they start looking for other assets with great growth potential. According to statistics, pre-sale projects are the least exposed to the radical impact of instability in the industry.
Today we will talk about bitcoin forecasts for the current year and talk about a promising new cryptocurrency.
Wall Street Memes is a new coin with a million community
Wall Street Memes is a revolutionary meme coin, the creators of which set themselves the goal of changing the usual way of the digital finance industry. Increased demand from members of the cryptocurrency community has enabled the project to raise over $14M in presale, which sees $WSM available for purchase for $0.0313.
As a rule, most of the cryptocurrency memes that appear on the market are inspired by funny pictures or popular characters. This approach to asset development allows you to increase the demand for digital currency: potential buyers see that it is associated with other well-known pop culture brands and decide to invest in it.
Wall Street Memes takes a different approach and creates a meme coin inspired by a famous incident in which a group of Reddit users raised the shares of GameStop (NYSE:) chain stores by more than 360%. This, in turn, caused the fall of the hedge fund Melvin Capital.
It is worth noting that the support of community members is a key criterion on which the success of a new project depends. Analysts note that those assets that are in high demand among investors stay on the market longer than others and bring a lot of income. For this reason, there is every reason to believe that the gradually growing number of WSM subscribers (now there are more than 1 million) will positively affect the future profitability of the coin.
Also, the popularity of the asset is influenced by the well-known fan of meme coins, Elon Musk. The entrepreneur and CEO of the social network Twitter (the company is banned in Russia) has caused increased interest in cryptocurrency thanks to reposts from the official account of the project.
The reliability of the new development is also confirmed by the fact that the team has a successful experience in the industry. WSM demonstrated their ability to create successful crypto assets by completely selling off their collection of NFT Wall Street Bulls (profit was $ 2.5 million). 2 years ago, these non-fungible tokens were completely sold out within 32 minutes from the official start of sales.
The company’s plan to distribute WSM coins also has a positive effect on increasing demand. The team opted for a public token sale, completely refusing to conduct separate auctions for VIP buyers. During the presale, 1 billion tokens will be sold. The remaining coins (1 billion) will be used as user rewards (30%) and liquidity provision (20%).
For those wishing to become owners of $50,000 worth of bonus assets, the developers offer participation in the airdrop, all the necessary information about which can be found on the website. Among all the participants, only 5 people will be selected, who will have access to the distribution of coins.
As already mentioned, $WSM can be purchased during the 22nd presale for $0.0313. Soon, when the pre-sale is nearing completion, the coin will rise in price to $ 0.0337.
From the Reddit Community to Successful Crypto Projects
The situation that has developed in the industry in 2021 has become the subject of active discussion among its participants. We are talking about a group of investors from Reddit, which decided to correct the state of affairs in the industry, raised the shares of the international network of games and merchandise stores GameStop and achieved the closure of the famous Melvin Capital fund.
This decision was preceded by low profitability of retail outlets and their unclear future prospects: in 2013, the company’s shares were worth $55, and after 7 years they fell to $4 apiece. That is why the management of many funds remained confident in a further decline in quotations. However, they quickly began to gain momentum and reached the level of $360 at the end of January 2021.
Later it became known that the Wall Street Bets group was responsible for the sharp increase in share prices. Since then, 2 years have passed, during which, as already mentioned, the company managed to sell a collection of NFT objects (Wall Street Bulls) and launch a new project that is in great demand – Wall Street Memes.
According to statistics, most of the successful coin-memes of competing companies were able to achieve good results and gain a foothold in the market, despite the lack of support that Wall Street Memes has. Moreover, developers with less experience in the industry were often responsible for their creation. This suggests that against the background of many other meme coins, WSM has the prospects of a hundredfold growth and the ability to bring significant income to owners.
Forecast for 2023
At the moment, according to the information portal CoinMarketCap, the price of 1 bitcoin exceeds $ 30 thousand, and members of the crypto community are wondering about the future prospects of the well-known asset.
Over the past few weeks, experts have noted an increased interest in BTC. This is due to a number of applications for the creation of spot funds (ETF), which have been submitted by such large companies as BlackRock and Fidelity.
Some industry experts agree that against the backdrop of tightening control over altcoins, which is exerted by American regulators, bitcoin can significantly increase in price as early as July this year, up to $ 32-33 thousand. The position of the US Securities and Exchange Commission (SEC) also speaks in favor of this development of events; it considers bitcoin as a commodity and thus ensures its protection from falling into the list of illegally issued assets.
What key market players say about bitcoin
The future prospects of the main cryptocurrency are of interest not only to ordinary buyers, but also to such large investors as Cathy Wood (CEO of Ark Invest), Michael Saylor (entrepreneur and founder of MicroStrategy) and Tim Draper (co-founder of the venture capital company Draper Venture Network).
Recently, Kathy Wood made a forecast that bitcoin should show even more growth against the backdrop of the banking crisis. She believes that the cryptocurrency is capable of reaching seven-digit values - $ 1.45 million by 2030 for 1 BTC.
Another major player in the market, Michael Saylor, is also of the opinion that bitcoin can significantly increase in price. He is confident that BTC will sell for $250,000 per coin for the foreseeable future.
Finally, we should also mention Tim Draper, well known for his positive BTC forecasts. The investor is confident that soon bitcoin can overcome the $250,000 threshold. He believes that the asset will be able to reach this level by 2024.
All information contained on the site is published on the principles of good faith and objectivity for informational purposes only. The reader is solely responsible for any actions performed by him on the basis of the information received on our site. This is not investment advice.
Read the original article on Happycoin.club
2023-07-13 06:35:00
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