The cryptocurrency market continues to witness hype-driven price increases, with the latest token to benefit from this phenomenon being $XXX. In the past day, the price of $XXX has skyrocketed, earning it a spot among the top five trending tokens on DEXTools. However, investors are also closely watching Wall Street Memes, a meme coin project that could be the next token to experience a surge in value as it nears the end of its successful presale phase.
The recently-launched $XXX token aims to capitalize on the hype surrounding Elon Musk and his various companies. Branded as a project that looks to benefit from the social media buzz around companies like Tesla, SpaceX, Neuralink, and Boring Company, $XXX allows holders to benefit from the innovations and influence of Musk’s empire. However, specific use cases for the token remain scarce, although there will be a 1% tax on buy and sell transactions.
Following Elon Musk’s decision to rebrand Twitter as “X,” $XXX’s value has predictably soared due to its matching ticker symbol. According to DEXTools, $8.24 million worth of $XXX has been traded in the past 24 hours, pushing the token’s market cap to $2.47 million. Since its Uniswap debut yesterday, $XXX’s price has surged over 7,200%, making it one of the biggest gainers on DEXTools. The token’s exponential price rise has also translated into social media growth, with thousands of new followers on the official $XXX Twitter account.
While the sustainability of this meteoric growth remains uncertain, if $XXX can differentiate itself with real utility, it has the potential to become more than just another meme coin. As attention shifts towards the next breakout meme coin, Wall Street Memes ($WSM) is gaining traction. With over $18.1 million raised during its presale phase and major centralized exchange listings on the horizon, Wall Street Memes is emerging as a serious contender in the meme coin space.
The strength of the Wall Street Memes community, comprising over 1.1 million meme enthusiasts and investors, has been instrumental in raising the project’s online profile and fueling demand for $WSM. Additionally, the project caught the attention of Elon Musk when he replied to a meme from the Wall Street Memes Twitter account, further boosting its brand appeal. With a growing community, high-profile attention, and its forthcoming debut on centralized exchanges, Wall Street Memes could potentially match or even exceed the gains seen with $XXX.
Investors interested in Wall Street Memes can participate in the ongoing presale, with tokens available for just $0.0325. However, with the project in its final stages before its open market debut, there is a limited window for investors to get involved. As always, readers are advised to independently verify information and consult professionals before making any investment decisions in the cryptocurrency market.
Disclaimer: This article is sponsored content and solely intended for promotional purposes. It does not represent the opinions or views of Crypto Time. Readers are strongly advised to conduct their own research and due diligence and seek professional advice before making any investment decisions. Cryptocurrency investments involve risks, and readers should be aware of the potential for capital loss.
