EmotiCoin (EMOTI) has taken the crypto market by storm, establishing itself as the break-out on-chain token of the week. What sets EmotiCoin apart is its innovative Reverse Split protocol, a deflationary mechanism that reduces the total supply of tokens every 4 hours over a span of 14 days, decreasing it by 20% each time. This unique feature has generated significant market excitement and propelled the price of EmotiCoin to unprecedented heights.
The Reverse Split protocol implemented by EmotiCoin induces intense scarcity in its token supply. The price of a crypto asset is determined by dividing its market cap by the circulating supply. With EmotiCoin’s total supply continuously decreasing, the scarcity of the tokens drives up their price, leading to a skyrocketing valuation. Currently trading at $0.0002912, EmotiCoin has experienced a 24-hour change of +293%, reflecting the market’s enthusiasm for this token.
EmotiCoin’s rally began on September 9, more than a week after its official launch. Initially, there was a gradual increase in trading volume, coupled with the token supply’s regular reduction of a fifth every 4 hours. This combination sparked a modest rally of +1,950% by September 11. Recognizing the potential for further gains, over 1,500 DEX traders seized the opportunity and invested over $300k in EmotiCoin within 48 hours.
This explosive growth has resulted in a staggering +65,800% return for early backers, attracting significant attention from investors. Currently boasting a market cap of $55 million, EmotiCoin shows no signs of slowing down. With additional tokenomic reductions on the horizon and a progressive development roadmap, EmotiCoin is a force to be reckoned with in the DEX-market.
Another notable player in the meme coin space is Wall Street Memes ($WSM). This project has garnered substantial support, raising over $25 million in seed funding from early backers. With a community of over 1 million members, Wall Street Memes aims to capitalize on this momentum and make substantial gains upon its upcoming CEX launch in just 14 days.
Wall Street Memes seeks to embody the anti-bank sentiment that emerged during the confrontation between retail investors and Wall Street. By tokenizing this sentiment, Wall Street Memes aims to redefine our perception of digital value. The project’s appeal lies not only in its mission but also in its democratic price point of just $0.0337. This attractive valuation, combined with the success of the $25 million presale, has enticed thousands of early backers to invest in the project.
Moreover, Wall Street Memes offers the potential for significant returns, particularly for presale investors. The token distribution is split with 30% allocated to community rewards, 20% towards liquidity, and 50% available for purchase during the presale. This equitable distribution model has fueled the rapid growth of Wall Street Memes, attracting over 1 million followers on social media.
In a show of confidence in Wall Street Memes, a crypto whale invested $1 million in the $WSM presale in early August. This mysterious investor, who remains unidentified, executed five transactions amounting to 460 ETH, equivalent to $840,000, within six minutes. An additional 93 ETH had been invested from the same wallet two weeks prior, bringing the total investment to $1 million.
The presence of this whale investor has further fueled speculation about the potential of Wall Street Memes and its return on investment. Investors are closely watching the project as it prepares for its CEX launch in just 23 days, with expectations of a significant surge in value.
Wall Street Memes has garnered attention for its successful Wall Street Bets NFT collection, which has laid the foundation for its current success. With a proven track record and a novel staking mechanism boasting an impressive 282% APY, Wall Street Memes is well positioned for explosive growth.
To ensure you don’t miss out on this opportunity to secure a slice of the next skyrocketing meme token, connect with Wall Street Memes on Twitter and Telegram. However, it’s important to remember that investing in crypto carries high risks. This article is provided for informational purposes only and does not constitute investment advice. Proceed with caution and be mindful of the potential loss of your capital.
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