In an exciting development, ByBit exchange launched Wall Street Memes ($WSM) perpetual futures trading on Thursday, which led to a significant surge in price. This newest meme coin witnessed a staggering 19% increase on the ByBit $WSM/USDT perps market, riding on the wave of traders flocking to the platform. The price rose to $0.0394 after recent profit-taking, making it an enticing investment option. With a market capitalization of $64 million, $WSM outshines the likes of Dogecoin and Shiba Inu, which stand at $8 billion and $4 billion, respectively. Even Pepe trails behind with a market capitalization of $245 million. At current prices, $WSM holds the potential for remarkable returns of 10x or even 100x.
ByBit, currently ranked as the fifth-largest centralized exchange according to Coinmarketcap data, boasts a significant presence in both the derivatives and spot markets. With a 24-hour trading volume of $7.4 billion, ByBit secures the second spot in the derivatives market, where crypto futures hold more weight than spot trading. Moreover, ByBit’s sturdy standing in the spot market is evident through an exchange score of 7.1, derived from factors such as web traffic, trading volume, average liquidity, and confidence in volume data accuracy. Notably, ByBit handles a massive 24-hour trading volume of $972 million in the spot markets.
With the growing popularity of Wall Street Memes, expectations are mounting for its imminent spot listing on ByBit. The platform’s swift response to the recent volume surge showcases the increasing traction of this community-led project. While $WSM currently ranks as the third-most-traded meme coin, it maintains a substantial trading volume of $70 million, trailing only Dogecoin and Shiba Inu. Pepe secures a distant fourth place with a trading volume of $35 million. Following its entry into ByBit, Wall Street Memes anticipates listing on other tier 1 exchanges like Binance, suggesting exciting prospects for FOMO (Fear Of Missing Out) among investors. As the token ascends higher in the exchange hierarchy, the inclusion of platforms such as Crypto.com and Kucoin becomes highly plausible.
Wall Street Memes aims to democratize the financial markets and rally support for individual investors against Wall Street giants. Recent success in its short squeeze campaign, triggering a buying spree, demonstrates the project’s ability to replicate the meme stock frenzy witnessed in traditional markets, led by WallStBets. This community-led surge resulted in a substantial 32% increase in $WSM price when most of the market experienced a downturn. The remarkable engagement of Wall Street Memes’ community, comprising over 1.1 million followers across platforms like X, Instagram, Telegram, and Discord, further demonstrates their enthusiastic response to such initiatives.
As anticipation builds around Wall Street Memes, investors eagerly await the announcement of a major product launch scheduled for Wednesday, October 18th. While the team remains tight-lipped about specific details, the excitement surrounding this unveiling creates an atmosphere of expectation and adventure. This highly engaged community, coupled with the forthcoming product launch, propels Wall Street Memes toward a promising future. By attracting larger investors and expanding its reach, $WSM is poised to experience exponential growth. In addition to its current presence on top 10 exchanges like OKX, HTX, and Gate.io, Wall Street Memes has made its mark in derivatives markets through platforms such as MEXC, OKX, BitMEX, and now ByBit. Traders on ByBit can enjoy leverage of up to 25x for enhanced returns when trading $WSM.
No Bs Crypto, a cryptocurrency analyst with a subscriber base of 35,000 on YouTube, recently shared his decision to invest $1,000 in Wall Street Memes’ $WSM tokens. He aims to replicate the extraordinary returns witnessed in coins like Pepe and Shiba Inu, which soared by 5,000,000% and 46,000,000%, respectively, in 2021. Even a fraction of such returns can yield life-changing profits for investors entering the market today. The steady rise in trading volumes serves as a strong foundation for potential astronomical price growth. With the upcoming product launch and the added incentive of entering a $50,000 airdrop competition, Wall Street Memes presents a compelling opportunity for investors seeking significant gains.
Wall Street Memes holds immense promise in the world of meme coins and decentralized finance. As its popularity surges and the token gains more recognition in the crypto space, the potential for exponential growth intensifies. Investors eagerly await the unfolding of milestones, such as the spot listing on ByBit and potential expansion to renowned exchanges. Brace yourself for an impending price explosion as Wall Street Memes continues its journey to conquer the futures market and attract a wider investor base.
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