Still, many crypto investors choose to hold on to the token, as the platform announced new features and real-world use cases. The issue is that the newly-launched ShibaSwap token exchange uses a different token as a utility, so the question about Shiba Inu's sustainability still stands, which is why many meme coin investors choose to put their money in Wall Street Memes , a new platform with massive growth potential.
Is Shiba Inu's Price Rally Sustainable? A Closer Look At The Impressive Gains And Investor Interests Amidst Exciting New Meme Coin Hitting 20 million!
Shiba Inu is one of the most popular cryptos found in millions of wallets all over the globe. It's also the second-largest meme coin and the 14th-highest-ranked cryptocurrency by market cap. However, Shiba Inu has a few severe issues preventing it from reaching its previous all-time highs achieved in late October 2021.
SHIB
SHIB
Shiba Inu's Future Prices - No Significant Growth
Shiba Inu went live in August 2020 at a price of just $0.000000001009 per token. The price was slowly increasing until May 2021, when the SHIB token exploded, reaching a cost of $0.00003791. The token underwent multiple price corrections during the next few months, climbing to a whopping $0.00008845 in October 2021. However, the token has lost almost 50% of its all-time high and has yet to come anywhere near it in the past two years.
The performance of SHIB tokens in 2023 and beyond depends on many different factors and broader market conditions. The sentiment is bullish, but future prices will depend on the outcome of current SEC lawsuits filed against multiple cryptocurrency platforms. The markets also experienced a massive drop in value due to macroeconomic issues caused by inflation, rising interest rates, and other issues. The inflation is finally slowing down, which stops negative price movements for the SHIB token, but a break above the current trading zone is very unlikely.
The bottom line is - SHIB will likely stay below the $0,00001 level by the end of the year, but it may experience a few bullish phases along the way. Almost all experts put the token at $0.000010 in late 2023, which is only $0.0000017 above its current value. Therefore, while SHIB tokens are still viable for preserving value, they are not the high-growth crypto everyone hopes to turn into millionaires. On the other hand, the newest meme coin platform, Wall Street Memes, is gaining momentum among investors and could repeat the incredible growth SHIB experienced in 2021.
Wall Street Memes - Next Meme Coin To Go On A Bull Run
2023 is the year of meme coins, with dozens of new platforms released or in presale. Many of the latest meme coins were released just as the crypto winter ended, and despite all expectations, some of them resulted in 2.500% gains or more. Early investors who got PEPE, SPOGNE, WOJAK, COPIUM, and other meme coins in presale all managed to multiply their investments once the tokens went live.
Well, most of these traders have their sights on another emerging meme coin called Wall Street Memes. The newest addition to the niche is a unique crypto platform that has the chance to become the next "King of Memes." First, the platform is backed by a 1.1 million strong online community that had massive success in the financial sector before.
The Wall St. Bulls Reddit community went live in 2021 during the pandemic, and it's the same community that pushed one of the largest hedge funds on Earth out of business over the GameStop stock controversy. The same community launched an NFT collection the same year, selling all designs in 32 minutes, raising $2.5 million.
Everything launched by Wall St. Bulls is pure gold, and everyone involved emerges as a winner. Naturally, the group's next logical step was to tokenize their community, and the Wall Street Memes token was born. $WSM tokens have been among the best investment options in the past month, and once they go live, they could repeat the group's success, leading to a bull run that would result in massive gains for all early investors.
Excellent Tokenomics
Wall Street Memes has learned from previously released meme coins, and it made sure to avoid the same mistakes plaguing many platforms. The platform is 100% free of all manipulations, scams, and rug pulls, giving the ordinary person complete control over their tokens.
Of the 2 billion $WSM tokens in circulation, 50% will be available for purchase during the presale event. 30% will go to generous community rewards given to all Wall Street Memes ambassadors. The remaining 20% will be split in half between CEX and DEX liquidity pools to ensure the tokens flow freely without hiccups. The hard cap is set at $30.4 million, and once it's reached, $WSM tokens will find their way to all major crypto exchanges, likely resulting in massive gains for all early investors.
Extremely Successful Ongoing $WSM Token Presale
The $WSM token presale has been an enormous success and has shaken cryptocurrency markets. The platform raised over $20 million in a month, making Wall Street Memes the hottest meme coin presale in years. If the trend continues (and we're sure it will), the presale will end by mid-August, and the platform will move on to phase 2. Lastly, all investors can complete a few quick actions to enter the $50K $WSM token prize draw that will reward five of the luckiest members with $10,000 in tokens.
Wrapping Up
As you can see, the tides are changing, and if you think that SHIB will help you multiply your investments, think again. The world's 2nd highest-ranked meme coin has slowed down completely, and while it will continue growing in the future, the gains won't turn you into a millionaire. On the other hand, the buzz around Wall Street Memes keeps exponentially increasing, signaling a bright future for all token holders. So, check out the official Wall Street Memes site and grab your tokens during the presale to get the highest returns in the future!
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