{"id":3578,"date":"2023-05-03T07:26:09","date_gmt":"2023-05-03T11:26:09","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/wsb-coin-price-prediction-as-wsb-blasts-up-6000-in-24-hours-whats-going-on\/"},"modified":"2023-05-03T07:26:10","modified_gmt":"2023-05-03T11:26:10","slug":"wsb-coin-price-prediction-as-wsb-blasts-up-6000-in-24-hours-whats-going-on","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=3578","title":{"rendered":"WSB Coin Price Prediction as WSB Blasts Up 6000% in 24 Hours \u2013 What’s Going On?"},"content":{"rendered":"
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The price of WSB Coin (WSB) has risen by over 6,000% since yesterday, following a tweet from the founder of WallStreetBets<\/a> which helped draw investor attention towards a new wave of WallStreetBet-themed meme tokens.<\/p>\n

Since this tweet was posted on Monday, WSB is now standing on a 6,400% gain since May 2, when its price was only $0.0000007752.<\/p>\n

And in a week when Pepe Coin (PEPE) has also set the market alight with its market-beating gains, the emergence of WSB seems to confirm a trend for meme tokens during a time of relative market stagnation.<\/p>\n

WSB Coin Price Prediction as WSB Blasts Up 6000% in 24 Hours \u2013 What’s Going On?<\/strong><\/h2>\n

Billing itself as “the official, unofficial memecoin” of r\/wallstreetbets, it’s not entirely clear what connection WSB Coin has to the famous subreddit.<\/p>\n

Yes, it is allocating 10% of its 69.42 billion supply to WallStreetBets’ treasury and 5% to the subreddit’s moderators, and it also appears to have the cooperation of the blue-ticked WSBMod Twitter account (belonging to a former moderator of the subreddit), which tweeted details of its airdrop on April 29.<\/p>\n

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Other than that, the coin’s founders are unknown, although its whitepaper states that the ownership of its smart contract has been renounced, meaning its code can’t be change or tampered.<\/p>\n

More bullishly, WBS appeared to receive the blessing of WallStreetBets founder Jaime Rogozinski on May 1, when he tweeted that “WallStreetBets now has a #memecoin targeting the WSB Reddit community.”<\/p>\n

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But in actual fact, Rogozinski mentioned Wall Street Baby (also WSB) in this tweet, another meme token which the WSB Coin team has claimed<\/a> isn’t in any way associated with the r\/wallstreetbets subreddit.<\/p>\n

Despite focusing on a different WallStreetBets token, Rogozinski’s tweet inadvertently helped draw attention towards WSB Coin, with the coin reaching a record high of $0.0006569 late last night.<\/p>\n

Meanwhile, Wall Street Baby — the token Rogozinski had named — is down by 70% in the past 24 hours, as if traders have begun realizing that it doesn’t have any connection with WallStreetBets.<\/p>\n

As with any other meme token, it’s almost impossible to say whether WSB Coin can maintain its momentum, given that even its whitepaper admits it’s “a shitcoin.”<\/p>\n

That said, with a 20% airdrop and 15% going to r\/wallstreetbets, it potentially has a big community behind it.<\/p>\n

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This community may be enough to maintain its price over the longer term, and help it enjoy a few more rallies beyond the one it’s having right now.<\/p>\n

Buy Crypto Now<\/strong><\/p>\n

Meme Tokens With Utility<\/strong><\/h2>\n

Because WSB Coin doesn’t offer any genuine utility, some traders may prefer to look at other tokens that combine meme-value with actual fundamental value.<\/p>\n

One of the most interesting examples of such a coin right now is AiDoge, an AI-powered meme-generating platform that has already raised more than $1 million, with the first stage of its presale selling out in just under a week.<\/p>\n

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Running on Ethereum, AiDoge employs artificial intelligence so that its users can create fun and relevant memes to share with its community.<\/p>\n

By harnessing advanced algorithms in conjunction with a large dataset, AiDoge enables users to create memes simply by entering a text-based description, with no technical skill or knowledge required.<\/p>\n

This low barrier to entry should help its community grow substantially in size, with users also able to up and downvote memes once they’ve been generated.<\/p>\n

Even better, the most highly rated memes will earn their creators rewards in $AI, the platform’s native token.<\/p>\n

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This basic concept has been more than enough to attract a strong influx of early investors, with new investors able to join the presale by visiting its official website and connecting their wallets.<\/p>\n

One 1 AI token now costs $0.0000264, a price which will rise to $0.0000336 by the time the presale ends and the coin lists on exchanges.<\/p>\n

Visit AiDoge Now<\/strong><\/p>\n<\/p><\/div>\n