Wall Street Memes (WSM) has been one of the breakout meme coin stars of 2023, raising more than $25 million in funding during its presale – all in just over three months.
Now that Wall Street Memes’ team is gearing up to list WSM on several exchanges at the end of September, ChatGPT has weighed in with its thoughts on how these listings could impact the token’s price.
ChatGPT has also made a bold prediction regarding whether WSM could reach the $1 price milestone before the world’s largest meme coin, Dogecoin.
Wall Street Memes Presale Reaches Final Stage as Token Hype Builds
Wall Street Memes burst onto the scene back in May, positioning itself as a brand-new meme coin looking to capitalize on the growing retail trading movement.
Boasting an engaged community of over one million followers, spread across social media channels like X (formerly Twitter) and Instagram, Wall Street Memes garners over 40 million impressions every month.
This substantial support has been a major catalyst for the success of the Wall Street Memes presale, which is now in its final stage.
During this stage, investors can buy WSM tokens for $0.0337 before they make their open market debut on September 27 – although, with only seven days remaining, time is running out for those looking to get in at this low price.
Many early backers believe investing in WSM at this level could be potentially lucrative, given that tech tycoon Elon Musk has occasionally engaged with Wall Street Memes on Twitter.
WSM has also piqued the interest of various high-profile crypto influencers, including Satoshi Stacker, who speculated that it could be “the next meme coin to take off.”
WSM Staking Yields Aim to Incentivize Long-Term Holding
Interestingly, Wall Street Memes’ creators aim to differentiate WSM from the thousands of other meme coins by launching a high-yield staking protocol for token holders.
According to Wall Street Memes’ staking dashboard, over 343 million WSM tokens have been staked already, with holders able to obtain yields of 58% per year.
This impressive staking yield not only incentivizes long-term holding but stabilizes the token’s supply, potentially reducing price volatility post-listing.
With most meme coins being criticized for a lack of utility, Wall Street Memes’ staking feature offers a tangible benefit to holders.
Looking ahead, Wall Street Memes’ whitepaper lays out the development team’s roadmap for the future, which includes plans to launch an exclusive “gated community” for WSM holders.
The roadmap even mentions the team’s target of hitting a $1 billion market cap – a target that would solidify WSM as one of the world’s largest meme coins.
ChatGPT Predicts WSM Could Rocket Over 1,600% by End of 2023
OpenAI’s chatbot, ChatGPT, has weighed in on the potential price trajectory for Wall Street Memes in the coming months.
Given WSM’s strong presale performance, engaged community, and upcoming Tier-1 exchange listings, ChatGPT predicts significant upside potential by year’s end.
ChatGPT highlighted how WSM’s huge backing will provide solid initial momentum as the token makes its open market debut.
These listings will help WSM gain substantial visibility and liquidity – potentially boosting investor demand (and price).
ChatGPT also noted that prior interactions with Elon Musk and influencer endorsements could trigger further virality and demand.
Taking all of these factors into account, ChatGPT believes WSM could realistically trade between $0.20 and $0.60 by the end of 2023.
Should it reach the high end of this range, it would represent a substantial 1,680% increase from the current presale price.
Interestingly, when asked if WSM could hit the $1 mark before Dogecoin, ChatGPT acknowledged that it was a bold prediction – but possible under the right conditions.
This optimistic response will be welcomed by early WSM investors, who have placed their faith in the project and hope to see significant gains on their investment.