2024-02-29 19:06:45
It is probably safe to say that the long-awaited bull market in the crypto sector has arrived, much to the delight of investors. While the value of bitcoin it’s already over $63,000of course it is altcoinok also switched to a new gear.
However, the uncrowned king of the previous months, a Wall Street Memes.
The value of native WSM tokens jumped by 75 percent in a minimal time after the legendary burning took place.
In addition to the favorable market conditions, the success of Wall Street Memes certainly plays a role in the fact that earlier maga Elon Musk is embraced the popular project.
Regarding the mentioned burning, it can be said that we can only see events of a similar scale in the rarest of cases. The Wall Street Memes team burned 5 percent of the entire token pool.
A HUGE 5% of the total $WSM supply, which equates to around 100 million tokens will be burnt when our first monthly $WSM Net Gaming Revenue burn takes place on the 29th of February 🔥
You can view our burn tracker here ➡️ pic.twitter.com/bamjNnyCdF
— Wall Street Memes Casino (@wsmcasino) February 19, 2024
I will look at the WSM casino site
Even before the burning, the WSM bulls got loose
In general, it can be said that during positive economic periods, the confidence of investors also increases. That is why meme tokens typically shine best at this time.
Among other things, this also contributed to the fact that the value of the native WSM was able to conquer peaks not seen in a month.
After the jump, the value of the token remains at $0.01, which is 33 percent higher than the value seen last week. In parallel with the Wall Street Memes its market size also began to rise, so that the size of the project currently exceeds 20 million dollars.
In the 3 days prior to the burning, consolidation could be seen, which was then followed by rapid growth. The 20-day moving average (DMA) provided perfect support for this, so the bulls could confidently gallop towards new highs.
In addition, burning undoubtedly goes beyond itself, as the WSM ecosystem is already one deflation mechanism build.
The current RSI value can also give cause for confidence on the technical side. The confident level of 64.24 shows that the bulls are determined about the future.
What is even better is that the RSI is not yet at a very high level, in other words, there is still plenty of room for upside.
Also telling is the position of the moving average of convergence divergence (MACD). The 0.000411 level indicates that investors still have plenty of momentum left.
In other words, not only on the basis of fundamental data, but also on the basis of technical data, it can be said that Wall Street Memes tokens have a bright future ahead of them.
WSM burning: Everything you need to know about it
The one that promises to be legendary bitcoin halving approaching, the Wall Street Memes team decided that they would not be left out of the events either. Therefore, on February 29, 5 percent of the entire token pool was destroyed.
This move may also be surprising for the team, as they had previously launched a 10 percent buyback program. Within the framework of the latter, a tenth of the net gaming revenue (NGR) was destroyed.
In contrast, now the entire NGR, i.e. 100 percent, has been put into a digital oven. What’s even better is that burning will take place every month.
During the current burning, the income between October and January will be destroyed, which is roughly 5 percent of the total WSM inventory.
ONE DAY TO GO UNTIL OUR HUGE NET GAMING REVENUE BURN 💰
🔥 5% of the $WSM supply will go up in flames 🔥
BUY $WSM NOW ➡️
Live countdown ➡️ pic.twitter.com/zIsvR4MVza
— Wall Street Memes Casino (@wsmcasino) February 28, 2024
Since these events will be regular from now on, surely WSM will be able to reach unprecedented heights with time.
If you are interested in exactly how many tokens have been burned, the live data is available WSM Web3 Dashboardon you will find all relevant information through
I am interested in the WSM casino
How can Wall Street Memes compete with the competition?
Further illustrating the almost incredible growth potential of the Wall Street Memesnekit is worth examining the following figure carefully.
As you can see, the value of Pepe 2.0, marked in orange, continues to fall after the first successes. In contrast, the WSM marked in blue is heading for previously unseen heights.
WSM was therefore able to maintain interest in the project, and the team was even able to reach new investors. This clearly shows how determined the creators are about the future of the bull token.
This is how GambleFi is able to reach the masses of investors
The current rally shows that, unlike most meme cryptos, Wall Street Memes can still appeal to the masses of investors.
WSM Casino currently has more than 5,000 different games available, including several exclusive options.
However, the excitement does not end here, as there is even a way to place bets in the sea of slot machines and live tables. Most of the sports were available right from the start, so basically you could place bets on all sports events.
🚀 King of Mafia Challenge – Win $50 in $WSM! 💰
Participate for a chance to win! Here’s how:
1️⃣ Follow @wsmcasino 🎰
2️⃣ Like and RT ✅
3️⃣ Sign up for a Casino Account by using the link below👇Join now and aim for victory in King of Mafia!⬇️
Winner… pic.twitter.com/ciXf7MyX0w
— Wall Street Memes Casino (@wsmcasino) February 26, 2024
However, what is even better is that you can use all of these even using WSM.
This can be a good idea if only because you will receive 200 free spins after your first WSM deposit.
If you don’t want to miss this fantastic opportunity, or if you just want to have a good spin with WSM, give Wall Street Memes casino a chance!
Head over to Wall Street Memes
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**Attention! Our article above is guest content and does not constitute investment advice. The editors of BitcoinBázis do not take responsibility for what has been described and urge all readers to exercise caution in relation to cryptocurrency, CFD, token, cryptocasino, metaverse, DeFi, play-to-earn and ICO/STO/SAFT investments. Individual research and thorough verification of claims is highly recommended. Trade and play responsibly.**
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