Due to massive increase in volume, ByBit immediately starts perpetual futures trading and the price of WSM increases by 19%

Friday, October 12, 2023 – The ByBit exchange launched Wall Street Memes ($WSM) perpetual futures trading on Thursday, and the price increased at the time.

The latest hot meme coin surged as much as 19% on ByBit $WSM/USDT perps market as an influx of traders pushed the price to $0.0394 following recent profit-taking.

The coin still has an extremely attractive valuation, recording a market cap of $64 million compared to $8 billion and $4 billion for Dogecoin and Shiba Inu, respectively. Pepe has $245 million.

10x or even 100x returns are reasonable at current prices. $WSM recently ended its presale at $0.0337. Early buyers were able to get in at the lowest price of $0.025.

According to Coinmarketcap data, ByBit is the fifth-ranked centralized exchange.

In the derivatives market, ByBit ranks second with a 24-hour trading volume of $7.4 billion. Cryptocurrency futures markets are much larger than their spot counterparts.

But ByBit is also one of the giants on the spot market. Here it has a stock market value of 7.1, which Coinmarketcap bases on web traffic, trading volume, average liquidity and confidence in the accuracy of the volume data. The 24-hour trading volume on the spot markets is $972 million.

If you wish, you can buy $WSM directly on the Wall Street Memes website using ETH, USDT or your bank card.

ByBit’s spot market listing is coming soon – $WSM is the third most traded meme coin

The latest news suggests that a spot listing on ByBit is to be expected. The speed with which ByBit responded to yesterday’s surge in volume, which came amid a short squeeze campaign by the Wall Street Memes team, is a testament to the growing traction the community-led project is receiving.

The project’s mission is to democratize financial markets by supporting the little guy against Wall Street.

Wall Street Memes is currently by far the third most traded meme coin. Trading volume stands at $70 million, behind only Dogecoin and Shiba Inu, while Pepe is a distant fourth with $35 million.

Since the ByBit news broke, $WSM is up 14% on spot markets. As the token moves further up the exchange value chain, a listing on additional Tier 1 exchanges like Binance may not be far off, not to mention exchanges like Crypto.com and Kucoin.

FOMO is sure to continue to rise as expectations grow for more listings on top exchanges.

The Wall Street Memes token is already trading on top 10 exchanges OKX, HTX and Gate.io, as well as nine other exchanges. MEXC, OKX and BitMEX are leaders in the derivatives markets, and now ByBit is joining them.

On ByBit, traders can access 25x leverage to increase their returns when trading $WSM.

https://x.com/Bybit_Official/status/1712466911974560051

Buybacks and short squeezes offer new entry opportunities

Yesterday, against a backdrop of red screens across the rest of the market, $WSM surged 32% due to the buyback and short squeeze campaign that saw the price peak at $0.048.

Wall Street Memes has a highly engaged community of more than 1.1 million followers across X, Instagram, Telegram and Discord, and the short squeeze was received with positive engagement by the community.

The project says it wants to bring the meme stock frenzy to crypto, just as WallStBets did for GameStop, AMC and a number of other so-called meme stocks.

Now, judging by the trading volume triggered by the short squeeze, Wall Street Memes made its first foray into the markets with a community-led buying spree. Expect more to come.

Major new Wall Street Memes product to be announced on Wednesday, October 18th

But before that happens, the community is now eagerly awaiting the launch of a major product that the team announced today and will be unveiled on Wednesday, October 18th:

“We are excited to announce that our flagship product will launch on Wednesday, October 18th at 3:00 PM UTC. We’ll share more details about it closer to launch, but we can’t wait for everyone to see it.”

https://x.com/wallstmemes/status/1712170998978458082

The price of Wall Street Memes ($WSM) could increase 100x and this YouTuber just invested $1,000

Why I Just Bought $1,000 Worth of WSM Crypto! (Life changing?)

YouTuber crypto analyst No Bs Crypto with 35,000 subscribers just posted a video of him buying $1,000 worth of WSM tokens. He plans to make a 100x return by investing in Wall Street memes.

The reason he thinks this is possible is because he looks at the performance of coins like Pepe. Pepe rose 5,000,000% in 2021 while Shiba Inu rose 46,000,000%. Just a fraction of that return will produce life-changing sums for investors entering the market today. No wonder trading volumes continue to rise.

And if trading volumes steadily increase, this is the essential basis for future astronomical price increases.

And as mentioned, $WSM will have a product launch next week. Dogecoin has no utility and is still valued at $8 billion.

The future for Wall Street memes is very bright indeed. And if you decide to purchase today, you’ll have the chance to enter the $50,000 airdrop contest now live on Gleam.

Wall Street Memes is facing big things. As it continues to conquer the futures market, it will attract larger and larger investors and become even more attractive to those exchanges that have not yet listed the token. Stay tuned for the upcoming price explosion.

Buy $WSM on the website