{"id":39055,"date":"2023-07-22T08:32:07","date_gmt":"2023-07-22T12:32:07","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/cockfights-price-pumps-20000-in-24-hours-but-experts-are-accumulating-wsm-for-the-next-crypto-to-explode\/"},"modified":"2023-07-22T08:32:09","modified_gmt":"2023-07-22T12:32:09","slug":"cockfights-price-pumps-20000-in-24-hours-but-experts-are-accumulating-wsm-for-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=39055","title":{"rendered":"COCKFIGHTS Price Pumps 20,000% in 24 Hours But Experts Are Accumulating WSM for the Next Crypto to Explode"},"content":{"rendered":"
\n

A tokenized billion-dollar cockfighting event, COCKFIGHTS, is hitting the airwaves of the crypto market.\u00a0<\/p>\n

Launched barely a week ago, it has garnered a 20,000% increase in the last 24 hours, hitting a record high of $0.2051 within a very short period.<\/p>\n

However, amidst this meteoric rise, concern arises from experts who question the project’s fundamental foundation.\u00a0<\/p>\n

Many have labeled it a potential honeypot scam, adding to the concerns that permeate the Wild West of the crypto lands.<\/p>\n

Could they be wrong or right? The evidence seems to lean toward the latter.<\/p>\n

Meanwhile, amidst all the hype, crypto experts are turning their attention to a different project \u2013 $WSM, a fast-growing meme coin.\u00a0<\/p>\n

Unlike COCKFIGHTS, $WSM boasts a solid background and has already made significant waves in a short time, garnering attention from crypto enthusiasts and experts alike.<\/p>\n

20,000% Increase? Many Things Don’t Fit<\/h2>\n

Crypto investors who tap into a project early know that this strategy could radically change their financial journey, affording them the luxurious lives they envisage.\u00a0<\/p>\n

While many have profited off backing meme coins like $PEPE early enough, COCKFIGHTS seems to hit all the wrong notes.\u00a0<\/p>\n

Before delving into why crypto experts believe it is a honeypot scam, we will cover its price performance in the past day.<\/p>\n

At press time, COCKFIGHTS’ native token, $COCKS, is trading at $0.06810, reflecting a 20,000% increase during that trading window.\u00a0<\/p>\n

The fact that its trading chart shows only a short trading channel is a testament that several fake pumps or wash trades have occurred on this newly-launched token in the same period.<\/p>\n

This meteoric increase has led to the COCKFIGHTS project recording a significant market valuation of $3.06 million from 4,463 trades.\u00a0<\/p>\n

The project’s token hit a record high of $0.2051 in the closing hours of July 21, 2023, but has found it hard to maintain that velocity today.\u00a0<\/p>\n

This growing bearish sentiment likely shows that investors are taking profit and dumping the token.<\/p>\n

Featured on DEXTools, the project states that it is a means of tokenizing the billion-dollar cockfighting events that occur yearly in the Asian nation Thailand.\u00a0<\/p>\n

The anonymous development team says it has taken it up as a challenge to livestream these animal-to-animal face-offs so enthusiasts can bet on them and gather live updates on Telegram. However, that is where the token description ends.<\/p>\n

DEXTools’ community votes show a 100% community score at the time of writing, polled from 24 votes, but these are not the only metrics investors look out for when making informed decisions.<\/p>\n

To begin with, the platform has a heavy taxation system where buyers are charged 3%, and the same goes for COCKS\u2019 token sellers.\u00a0<\/p>\n

In addition, the project token has a transfer pausable functionality for its smart contract that is set to ‘Yes.’\u00a0<\/p>\n

This means the project developers can easily edit transfer functions from their end, making it difficult for token holders to control their asset inflow and outflows.\u00a0<\/p>\n

There are also issues surrounding the number of token holders, as only three wallet addresses currently hold the largest COCKS tokens.<\/p>\n

This means most trades are executed from these three wallets giving off the impression of wash trading.<\/p>\n

These impractical metrics have made crypto experts label it a honeypot scam that seeks to draw investors in with sweet deals and then dump the tokens once the price they intend to raise hits the target.\u00a0<\/p>\n

This has led crypto experts to recommend investors sit this one out as they could potentially lose their funds to this project.<\/p>\n

Wall Street Memes $(WSM): Meme Coin for the Financial Ecosystem<\/h2>\n

While COCKFIGHTS may not be the wisest investment choice, a new crypto project is capturing everyone’s attention for all the right reasons.<\/p>\n

Introducing Wall Street Memes, a tokenization of the iconic GameStop events that unfolded in 2021.<\/p>\n

During those events, retail investors united and went toe-to-toe with established investment firms and deep-pocketed investors.<\/p>\n

The Wall Street Memes project is viewed by the developers as the ultimate expression of triumph by the internet over rampant capitalism.\u00a0<\/p>\n

This means Wall Street Memes is more of a new financial order than hundreds of wannabe Dogecoin projects.\u00a0<\/p>\n

The innovative platform features unlimited financial memes from every meme project, including Pepe, Wojak, and others.<\/p>\n

<\/oembed><\/figure>\n

The blockchain project seeks to catheterize the GameStop ideology by allowing retail investors to profit from seemingly worthless coins.<\/p>\n

Furthermore, Wall Street Memes has left quite an impression on early backers. The project has already grabbed the attention of 1 million plus community members, of which Tesla boss Elon Musk is one of them.\u00a0<\/p>\n

The project has also surpassed an impressive 40 million impressions and has launched its brand of Bitcoin Ordinals NFT collections called Wall Street Bulls.\u00a0<\/p>\n

The platform developers were the brains behind the 2021 NFT sell-out success of Wall Street Bulls on the Ethereum blockchain, where all the collections were sold out within 32 minutes.<\/p>\n

These strong fundamentals have led many crypto experts to view it as the next meme king, and many believe it could make a tier-1 exchange listing in no time.\u00a0<\/p>\n

<\/oembed><\/figure>\n

The project is powered by the $WSM token, which is currently in its presale stage.\u00a0<\/p>\n

The $WSM presale has been a remarkable success, as the meme token has already raised more than $16.9 million from eager investors.\u00a0<\/p>\n

This amount exceeds what was raised during the Ethereum blockchain’s initial coin offering (ICO) in July 2015.\u00a0<\/p>\n

This points to the immense impact Wall Street Memes could have in the crypto landscape in the coming weeks.<\/p>\n

At press time, early backers can buy $WSM at the presale value of $0.0322 before the next price hike in four days.<\/p>\n

Buy $WSM Now<\/strong><\/p>\n

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sub><\/i><\/p>\n<\/p><\/div>\n