New Meme Coin Surpasses Dogecoin as $12 Million is Raised – Join the Hottest Trend!
The article discusses the decline of Dogecoin (DOGE) and the rise of a new meme coin called Wall Street Memes (WSM). Dogecoin’s price has decreased by 2.65% and its fear and greed index indicates a prevailing bearish sentiment among investors. Technical analysis shows that Dogecoin is trading below its moving average indicators, suggesting a bearish trend. However, the Moving Average Convergence Divergence (MACD) signals a potential trend reversal.
On the other hand, Wall Street Memes has raised an impressive $12 million in its initial fundraising phase. The success of WSM can be attributed to strong community engagement and support, as well as the endorsement of prominent figures like Elon Musk. The project’s team has a track record of success in the digital realm, including the launch of the popular NFT collection “Wall St Bulls.” They have leveraged social media platforms and online forums to generate excitement and attract investors.
The presale performance of WSM has been remarkable, reaching a high of $12.7 million. The project achieved $1 million in presale funds on May 30 and an additional $2 million a few days later. The presale continued to gain momentum, raising $4 million on June 5 and $5 million on June 9. By June 14, the presale had reached $6.2 million. Currently, the Wall Street token is sold at $0.031, with plans to increase slightly in the next stage.
Overall, the article highlights the fading dominance of Dogecoin and the potential of Wall Street Memes to become a significant player in the meme coin market. It emphasizes the importance of community engagement, social media presence, and market timing in the success of a new cryptocurrency.