No Bs Crypto Invests in $WSM Tokens for Potential Gains
YouTuber No Bs Crypto recently invested $1,000 in Wall Street Memes (WSM) tokens, explaining his reasons for the investment and highlighting the potential gains. He compared the potential of meme coins like WSM to previous bull runs where coins like Pepe and Shiba Inu saw substantial increases. No Bs Crypto acknowledged the risks associated with meme coins but pointed out that those who invested in WSM during its ICO phase saw positive returns even during market downturns. He also mentioned WSM’s high liquidity and highlighted its recent $1 million buyback, which could enhance the coin’s value.
How to Buy $WSM Tokens Using Uniswap V3
No Bs Crypto provided a guide on how to purchase $WSM tokens using Uniswap V3. The steps include setting up a cryptocurrency wallet that supports Ethereum and ERC-20 tokens, funding the wallet with ETH, connecting the wallet to Uniswap V3, selecting $WSM as the token to buy, choosing the amount of $WSM or ETH to spend, reviewing and confirming the transaction, and waiting for the transaction to complete.
Wall Street Memes Discord Hacked: Community Alerted
Wall Street Memes recently experienced a coordinated assault on its Discord community. The attack lasted over 24 hours, prompting the disclosure that the company cannot guarantee the server’s security. They advised community members to use their official Telegram channel for updates and cautioned against sharing personal details with anyone claiming to be an admin or certified account. The company plans to identify all wallets and accounts associated with the attack and establish a fund to assist affected community members. Despite this setback, they remain dedicated to launching their inaugural product and securing additional exchange listings.
Impact of Buyback and Short Squeeze Initiatives on $WSM
$WSM saw a surge in price, rising by 32%, due to buyback and short squeeze initiatives. The project aims to replicate the meme stock frenzy in the crypto realm and has an active community of over 1.1 million followers. The short squeeze was met with enthusiastic participation from the community. $WSM is set to launch its product on October 18 and has already listed on several exchanges.
$WSM Price Pumps as ByBit Introduces Perpetual Futures Trading
ByBit exchange introduced perpetual futures trading for $WSM, resulting in a surge in price. The coin rose up to 19% in the ByBit market as traders drove prices higher. Despite its attractive valuation with a market capitalization of $60 million, there is potential for substantial returns with expectations for additional top exchange listings. ByBit provides traders with leverage up to 25x while dealing with $WSM.
Hot Take: Wall Street Memes Shows Potential for Substantial Returns
Wall Street Memes (WSM) has gained attention from investors like No Bs Crypto who see the potential for substantial returns. With its active community, recent buyback and short squeeze initiatives, and upcoming product launch, WSM is positioning itself as a significant player in the meme coin market. While risks are involved, the high liquidity and attractive valuation make it an appealing investment option for those looking to capitalize on the altcoin market. Keep an eye on WSM as it continues to make waves in the cryptocurrency space.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.