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knocker was listed on decentralized exchange Uniswap and Dextools.io on September 3rd. The price was $0.049 at 5:07 a.m. EST, down 8% over the past 24 hours.
Despite the current drop, the token is showing a promising price pattern on the charts and could likely reach higher price levels in the coming days.
THUMPER hits $0.05 shortly after launch
THUMPER recorded a price value of $0.050 a few hours after its listing on Dextools.io, while its trading volume increased by 554%.
Everything on this page looks beautiful now. The great fight begins.
$THUMPERhttps://t.co/WflfieHBat pic.twitter.com/sk4TAETkdk
β Thumper_Token (@Thumper_Token) September 3, 2023
In addition, on September 3, the THUMPER/WETH Couple featured on Dextools.io’s hot pairs list, ranking at number three.
Just a few hours after launch.
Thumper out! π«‘ pic.twitter.com/x6XwIZSjbo
β Thumper_Token (@Thumper_Token) September 3, 2023
Its total supply is capped at 6.9 million, which makes it pretty tight and is probably one of the factors boosting its overall value.
Also, according to Dextools.io information, the 24-hour trading volume is $4.6 million 2.19 million Tokens locked in liquidity pools, accounting for (31.7%) of total liquidity.
The strong tokenomics of this ecosystem demonstrates the commitment to the long-term preservation of value of THUMPER tokens.
The surge in THUMPER tokens could be linked to a Disney-inspired theme
According to the Thumper token white paperTHUMPER is a fun, community-driven token that is ERC-20 compliant and inspired by a Disney character, Thumper the rabbit.
The goal is to build a supportive community to maximize the potential of the token. THUMPER did not go through a pre-sale, but rather a launch, which the developers say was fair and transparent.
According to the developers, the token has been audited and thoroughly tested to ensure the safety of its users.
They also claim that the contract source code is an exact copy of the original Shiba Inu contract, although it doesn’t come with a burning feature. Therefore, it is safe to say that the knocker Token is a memecoin. Although the developers claim that the security has been checked, there is no proof of it.
Disney is one of the biggest companies in the entertainment niche. Therefore, THUMPER could indirectly benefit from the popularity of the Disney Thumper franchise, although it is not affiliated with the project.
THUMPER’s decline is likely due to rising negative sentiment
Despite THUMPER’s early rise, some unwanted reactions from some Twitter users require caution and thorough research.
a user, benson, called it a scam that discourages users from purchasing the token. According to a screenshot he viewed, OpenSea and Blockaid have flagged THUMPER as potentially suspicious and could result in investors losing all their NFT assets in their wallets.
Scam, don’t buy! https://t.co/lciMfbcGtC
β πBenson (@benson_btc) September 4, 2023
Others too user gave similar negative reviews for the project. However, THUMPER token developers specified that with over 200 holders on September 3rd, just seconds after listing on Uniswap, means a war for the competitors in the crypto community.
Thumper already has 265 owners. Live on Uniswap for exactly 3960 seconds only.https://t.co/WflfieH3kV pic.twitter.com/AwDVr5jh3g
β Thumper_Token (@Thumper_Token) September 3, 2023
THUMPER’s next price moves depend primarily on investor sentiment and whether the company bounces back from rising FUD levels.
Today, September 4th, THUMPER tokens are over 500 owners with over 900 members on its Telegram channel, indicating increasing adoption despite some negative investor sentiment.
THUMPER Bulls are still active and ready to continue the rally
THUMPER is in an uptrend on the 15 minute timeframe, forming a bullish engulfing pattern with a large green candle after a red candle.
At 2:15 p.m. EST on September 3, it peaked at $0.05 for the first time since it was listed. It also hit an all-time high of $0.09 at 20:00 EST, confirming an increase in trading volume as more buyers opened long positions.
However, a drop to $0.04 at 4:45am EST on September 4 shows that buyers were looking to lock in profits as FUD levels and negative sentiment gripped the market.
The last green candle to form on the 15-minute chart confirms that the buyers are back in control. THUMPER is approaching the upper band of the Bollinger Band and a break into this area will serve as confirmation of a price rally.
The Bollinger Bands (BB) are also expanding, suggesting further price increases for the year.
The Relative Strength Index (RSI) shows a reading of 49.15 in neutral territory. However, the RSI is rising, approaching the 70 overbought zone, confirming a return in the bulls that will force another rally.
The moving average convergence/divergence (MACD) is also rising and is likely to rise above its signal line in the next few hours if buyers keep up their pressure.
Also, the histogram bars are fading from red, suggesting THUMPER is about to bounce once more.
THUMPER support and resistance levels
THUMPER had found support at $0.057 after breaking down from the $0.051 support. The trendline suggests that the asset’s price outlook remains bullish despite the declines since its inception on September 3rd.
THUMPER is facing a bearish resistance at the $0.064 and $0.071 price levels. Based on its price history, it has exceeded these levels before and is likely to do so again if buyers keep up their pressure.
A potential entry point for late buyers is the $0.064 resistance level. Once THUMPER breaks this level, $0.09 is possible, although $0.071 would be the realistic profit target.
THUMPER is likely to continue higher until the RSI indicator falls and returns to the oversold 30 zone.
With some uncertainty regarding THUMPER and its next price moves, users can use the memecoin season to reap the rewards of the most viral memecoin in the crypto community.
Did you miss THUMPER’s Early Rally? Wall Street memes are leading the next crypto revolution
Wall Street Memes aims to overthrow capitalism and provide equal opportunities for retailers in the crypto market. According to the White paperdevelopers believe they can rewrite financial rules by relying on memes.
Are we forgetting that a JPMorgan cargo ship was seized with 20 tons of cocaine on board? pic.twitter.com/cwDdY2DcRF
β Wall Street Memes (@wallstmemes) September 3, 2023
The $WSM tokens are fueling this movement and are available for pre-sale. According to ecosystem tokenomics, 50% of the total supply is dedicated to marketing, ensuring maximum visibility and growth on social media channels.
It is also planned to recruit the best brand ambassadors for the project. Next, 30% of the offer is dedicated to community rewards to encourage loyal followers with exciting rewards.
10% is dedicated to centralized exchange liquidity to ensure members of the WSM community can trade freely and smoothly. Finally, 10% is earmarked for decentralized exchange liquidity, as decentralization is also a top priority.
The Wall Street Memes presale ends in less than a month
$WSM Presale are well advanced and the high level of investor interest indicates a possible price increase once it is listed on the exchange. With just 22 days left until listing on Tier 1 exchanges, investors must act quickly to seize the opportunity.
WSM’s presale raised over $25 million, making it one of the top events in 2023, surpassing other memecoin projects. Each WSM token is worth $0.0337 and can be purchased by connecting a secure crypto wallet to the WSM presale page.
Also, a user can buy the WSM tokens using cryptocurrencies like ETH, USDT or BNB directly from a crypto wallet. Alternatively, bank cards are another way to complete this purchase.
Reap the benefits of using WSM today
WSM supports a buy and use Feature for its users where they help control inflation in the ecosystem by staking some of their tokens.
As of September 4th at 7:48 am EST, over 273 million WSM tokens were staked on the staking dashboard. Users receive staking rewards calculated based on their stake percentage in the staking pool and APY value.
APY was at 73% on September 4th, well above the 5-10% average observed across most stake pools in the crypto space.
Also, Wall Street Memes is hosting one $50,000 airdrop Event rewarding five lucky WSN community members. Each winner will receive $10,000 as a share of the prize money.
Participants are required to perform certain tasks that involve purchasing WSM tokens. The idea is to give back to the community and encourage adoption.
Related articles:
Wall Street Memes – The Next Big Cryptocurrency
- Early Access pre-sale now live
- Established community of stock and crypto traders
- Featured on BeInCrypto, Bitcoinist, Yahoo Finance
- Ranked as the best cryptocurrency to buy in the meme coin sector
- Team behind the OpenSea NFT Collection – Wall St Bulls
- Tweets replied to by Elon Musk
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