Wall Street Memes Struggles in Recent Crypto Rally
Wall Street Memes (WSM) gained popularity as a top ICO presale, raising over $25 million in just four months. However, the token has faced a 52% price decline in the last 30 days, reaching $0.02484304 in October. This sharp drop indicates growing bearish pressure and potential further price declines.
PEPE Faces Bearish Pressure Despite Analysts’ Optimism
PEPE quickly rose to compete with Dogecoin and Shiba Inu in April 2023, reaching a peak of $0.000004354 before a major retracement. Its market cap hit an all-time high of $1.8 billion but has since fallen to $489 million. Despite intense bearish pressure, some analysts remain optimistic about PEPE’s future due to its deflationary model, predicting a rise to $0.000001601 in the coming months.
Galaxy Fox’s Potential in the Meme Coin Market
Amid the recent crypto rally, meme coin Galaxy Fox is gaining attention for its potential competition with Wall Street Memes and PEPE. Investors are closely watching how it will perform in the next bull cycle.
Hot Take: Meme Coins Face Volatility Amidst Bull Cycle
The recent crypto rally has brought significant volatility to popular meme coins like Wall Street Memes, PEPE, and Galaxy Fox. While analysts remain optimistic about some coins’ future performance, investors should carefully consider the risks and market trends before making investment decisions.
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