2023 has been gifting us with a number of meme coins from the very start, and the community is expecting a strong recovery from the nightmarish course of the last year. Coins like $DOGE have altered the notion of investors, as more and more traders are going for these meme coins. The popular meme coin Dogecoin has been gaining a lot of traction for the last few days as a meme-inspired cryptocurrency. Many are debating whether the coin is set to reach the milestone of $1.   

Due to the 2021 bull run, memes were encouraged in multiple ways, along with the whole meme subculture. Wall Street Memes  (WSM), on the other hand, is a new meme coin that is turning the heads of traders lately for the features and benefits it has been offering.

Ever since the project launched its public presale, both traders and long-term investors have taken an interest in it. This resulted in the coin raising more than $100k in less than 24 hours, a record.

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Now the question arises, which one is the most profitable one to buy at this moment? Let's find out.

Dogecoin's uncertainty with $1 vs. Wall St. Memes' 100x potential: which one should you go for?

In the last two years, Dogecoin has achieved immense success and has been an example for the crypto community. DOGE opened the doors for the meme coins and got the investors hooked. While DOGE is still struggling to reach the $1 mark, a significant portion of the community is shifting towards the latest meme coin, Wall Street Memes, which comes with an incredible and entertaining fusion of winning elements.

The space that was left by Dogecoin has been quickly filled by the $WSM coin, all due to its unique features and fun element. DOGE is presently trading in the red, far below its peak, which leads to some investors to be concerned that DOGE's explosive potential has been exhausted.

It is now exceedingly doubtful that the token will ever exceed $1, which was formerly assumed to be a foregone conclusion. To achieve the $1 price, the token's market capitalization would have to exceed $139 billion.

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Dogecoin skyrocketed after the recent change of the iconic Twitter logo to the Doge emblem. However, soon the prices reversed when Twitter reverted to its original blue bird design.

In such a scenario, $WSM is showing excellent presale performance despite being a relatively new coin in the market. Many are even comparing the presale success to that of PEPE coin's recent surge. $WSM has been showing clear indications that the coin is highly likely to experience a price explosion as it has already launched on multiple exchanges.

The potential of the coin lies in its overall appeal by embracing the favourite memes of crypto enthusiasts, supporting the community, and intending to earn. All of these factors are the pillars that make the coin one of the hottest meme coins on the market at present.

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Top 5 factors that are making $WSM the hottest coin right now

In the crypto community, determining whether an emerging coin is capable of making profits in the long run or not. And the crypto professionals rarely ever make mistakes, judging by that. This is why we can notice why experts are supporting Wall Street Memes over other emerging meme coins.

However, presale success is only one part of the equation. There are many reasons behind the growing popularity of $WSM. Here are some of the factors that indicate the potential of Wall Street Memes:

1. The Wall Street Memes presale has just started, which is where the team is laying the groundwork. During this key period, there will be a lot of community building and smart contract development. Smart contract developers will be working around the clock on $WSM to assure security and transparency. This will certainly aid the growth of the meme coin in the community.

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1. Following that, the Wall Street Memes launch phase will commence.. The initiative will reach out to influencers, creators and others during the launch phase. This will be an excellent time for collaborations and partnerships. After this $WSM will be set to begin listing campaigns and raise its worth.
2. For the time being, the final step for Wall Street Memes is the community empowerment phase, in which it gives back to its meme community. To begin, the Wall Street Memes community will be closed so that benefits, updates, and perks are only available to community members. By favouring CEX postings, $WSM will offer impressive returns for its community.

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1. The undeniable support from the community is the backbone for any meme coin, and Wall Street Memes is the best example of that. To give you an idea of the community support, WSM sold its Wall Street Bulls NFT Collection in just 30 minutes and raked in more than $2.5 million. In 2023, the project also announced Bitcoin Ordinal NFTs. All of these indicate the future success of WSM that it is seeking to build by capitalizing on the existing brand and supportive community.
2. In terms of rewards, Wall Street Memes are also generous, as can be seen from their recent Airdrop announcement. Wall Street Memes recently announced a generous Airdrop where 5 lucky investors will get the chance to split.

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Conclusion

In the crypto space, the volatility factor comes naturally. Investors need to accept the fact that the glorious time of DOGE is not like what they were used to before. To make a gain in such a scenario, the best call would be to jump on the potential meme coins like $WSM that are showing 100x gains in the near future. Stay ahead of others by investing early.