Every now and then it brings out satirical-themed digital currencies or meme coin coins which have become the natural extension of a periodically occurring behavior in the cryptocurrency industry where there is now and then a new meme currency, the surrounding commotion taking over the crypto market. In less than a month since its birth, the PIPE digital currency has been able to enter the list of the top 100 digital currencies in terms of gross market value, with the digital currency having a market value of more than $620 million at the time of the article (May 2023).
In this article, we'll take a closer look at what the PEPE project is, who created it, and why, and we'll also look at some stories of people who have become millionaires overnight.
Read more about $PEPE digital currency, meme coin meme coins
In conclusion, we can say that the PepeCoin-$PEPE is facing an unclear future because of its recent decline and lack of distinction, but the Wall Street Memes project and WSM have come to the forefront, with the attractive project story and the approval of Elon Musk and the rumors of including the currency on major trading platforms; as well as a presentation ...
Will the $PEPE coin rise again or will this new currency replace it in leading the future of digital currencies
PepeCoin-PEPE has seen many successive events. The meme coin that delighted many investors at some point because of its returns of over 20,000% has changed its situation for the worse recently, with the price of the coin declining dramatically, causing a state of shock to investors and widespread uncertainty about this project, which was in a promising future one day. Therefore, many in the digital currency community wonder whether the currency will recover from the current decline.
On the other side, a new currency that raises a lot of noise has emerged on the market, known as Wall Street Memes-WSM, another important currency that has been challenged by obstacles. This currency has been controversial because of the overwhelming success it has achieved in pre-selling its currency, raising more than $6.2 million in a few weeks; but before we search for it more deeply, let's find out what is waiting for the future currency of Pepecoin-PEPE.
The price of PEPE coin has declined dramatically while another coin delivers amazing returns
The PEPE coin had an overwhelming success in its start-up with its price rising at great speed, reaching the level of $0.000004408 on 5 May 2023. But as always, nothing lasts forever, with a significant reduction in price and a loss of $0.0000009, a loss of 75%.
In addition, PEPE has faced very difficult challenges, including legal problems and regulatory contracts, and the currency has not been able to stand out in this area of competition since it offers no new advantages or potential compared to other public currencies. Moreover, the coin lacks a clear view or road map, and therefore the currency has not been able to attract the interest of serious investors.
$wsm
As the cryptocurrency market prepares for a new and exciting journey, everyone is looking for the following leading meme currency; the ideal competitor for this title appears to be the Wall Street Memes (WSM) currency.
It should be noted that the authors of this project are the same brilliant-minded people who launched Wall Street Bulls NFTs, which has achieved great success on a large scale, selling the entire collection within 30 minutes. The Wall Street WSM coin is expected to attract the attention of the LGBTQ+ community, given the large number of project followers on the Twitter and Reddit platforms. Now, let us take an in-depth look at this promising project and explore its potential.
WSM, the currency of the Wall Street Memes project, is currently the trending meme currency on the digital currency market, and this currency is a powerful symbol of the Internet community's victory against Wall Street giants. Starting with the famous GameStop incident that rocked Wall Street in 2021, a forum has arisen on Reddit -- and it still exists to date -- under the name Wall Street Pets, and the target of ordinary people affiliated with it trading stocks for fun. However, the members of this forum did something out of the ordinary, deciding to confront market giants who were beating the price of GameStop shares.
Consequently, the members of Wall Street Bets gathered and purchased GameStop shares in large quantities, which prompted their price to reach $483 by 28 January. This has had a huge impact; Wall Street investors have been panicked and some face the risk of bankruptcy, and platforms such as Robinhood have had to stop GameStop trading to control this mess. Large players, such as Melvin, were also subjected to a judicial strike that led to its declaration of bankruptcy and its final closure.