Why is Wall Street Memes (WSM) Trending?

The Wall Street Memes crypto project is trending on Google with a large search volume as of December. There are several reasons behind its uptrend, including its distinctive project theme and the overall crypto market recovery.

The Wall Street Memes token price also rose in line with multiple crypto projects that started witnessing price gains as soon as December started. But, it didn’t make it to the list of those cryptocurrencies as it couldn’t withstand the uptrend in its price chart.

Nonetheless, the Google trend score tells another story. The Wall Street Memes project frequently records a significant Goggle trend score. Let us discuss why the Wall Street Memes token is trending on Google in this article. 

About Wall Street Memes

Some of the retail investors in history challenged the stock market and made humongous profits. They went beyond the traditional investment tactics and bought what seemed to be useless stock but still made a fortune.

Today, history is repeating in the crypto market. Several crypto investors made substantial profits from their meme coin investments. Wall Street Memes is a meme coin that represents this phenomenon.

The Wall Street Memes project tokenizes the retail investor movement in the crypto industry. The project even promotes that “Greed is Good”. The WSM token is a typical meme coin based on the ERC-20 token standard and its community consists of more than 1 million members.

Wall Street Memes launched a Casino where the token holders can spend their tokens to earn more rewards. The Casino offers Wall St Memes games, sports, betting, live casino, and more. Apart from using WSM tokens on Casino, you can also stake them to earn staking rewards. 

Price History of Wall Street Memes (WSM)

The Wall Street Memes project was launched in September 2023. Its native WSM token was distributed in an Initial Coin Offering (ICO) with a starting price of $0.0262. The initial hype of the project and the crypto community’s interest in entering the market inflated WSM token price.

The WSM token reached a peak of $0.076991 by the end of September, 2023. Soon after its all-time high value, the token witnessed a price retracement due to profit booking and dropped to $0.03568.

October saw some price increase and the WSM traded at around $0.05 but then its price severely plunged to $0.0196 in the following week. Since then, WSM token has been trading sideways with no particular gains or losses.

The WSM token price is floating at around $0.02 as of December 2023. Even though it witnessed a price surge at the beginning of December and almost reached $0.03, it couldn’t stay there for long. 

Wall Street Memes  : Why is Wall Street Memes Trending?

The Wall Street Memes token raised in terms of its price on December 3, 2023 and went to as high as $0.03. It peaked the investor sentiment who believe in this meme coin project and potential to rise.

Whenever a cryptocurrency or other financial asset rises in terms of its price or announces some project developments, the rising investor interest will be reflected in the Google search volume. The similar thing happened with the Wall Street Memes as well. 

As there is a price rise, the search volume of Wall Street Memes on Google Trends scored 100 on December 22, 2023. If the WSM token price increases further, already existing investors and token holders will benefit from its price rise. And, it can also put an end to the long term downtrend of the Wall Street Memes token. This is the major reason why the Wall Street Memes project is trending on Google. 

Conclusion 

The Wall Street Memes project stands out in the meme world with its unique theme. Since it is deemed to be a movement of retail investors, it is relatable to all small and individual investors of crypto.

As the overall crypto market is witnessing price recovery and hinting at a crypto bull market, The WSM token investors and proponents anticipated a further price surge.