Experts call Ponzi Token a scam, recommend alternative coin with 1,000% growth

Experts call Ponzi Token a scam, recommend alternative coin with 1,000% growth

The Rise of Meme Coins in the Blockchain Industry

Pixabay / SergeiTokmakov

A new meme coin called PONZI has recently made headlines in the blockchain industry with its skyrocketing success. In a dramatic turn of events, the token saw an astonishing pump of over 1,000% in just one weekend, establishing itself as a straight-to-DEX upstart. PONZI aims to challenge the critics who claim that cryptocurrencies are nothing more than a Ponzi scheme. With its impressive price movements and market support, PONZI has certainly captured the attention of DEX traders who are now wondering if it will achieve a second all-time high (ATH).

PONZI launched at 5AM on Sunday, August 6, and immediately gained traction in the market, experiencing a remarkable 600% surge in its second hour of trading. Though it faced a minor retracement over the next few hours, the token quickly rallied again and displayed a jaw-dropping 775% pump, resulting in a total gain of over 1,000% since its launch. However, the price encountered resistance at the $0.007 ATH, causing a painful 66% retracement later in the afternoon.

Despite this setback, PONZI exhibited strength by consolidating throughout the night and was able to reach $0.0048, representing a 90% increase since 1AM. The token’s trading volume continues to grow, currently standing at $171,000. However, concerns remain regarding PONZI’s liquidity, which sits at just $90,850. The limited liquidity could potentially impede significant growth.

While DEX traders assess the risks associated with PONZI, smart money has taken a fresh approach to meme coins in recent weeks. The meme coin sector witnessed a surge of interest in a meme coin presale that is expected to be the biggest launch of 2023. Wall Street Memes, one such project, has raised an astonishing $22 million in its sensational presale round, garnering significant attention within the crypto community.

Source / Wall Street Memes

With the aim to transform the Wall Street Bets community sentiment into a tangible asset, the $WSM token seeks to not only tokenize the anti-bank movement but also redefine our perception of digital value. The most attractive aspect of $WSM for investors is its democratic price point of just $0.03331. The project’s presale has experienced exponential growth, accumulating an impressive $22 million. With the presale gaining speed, investors have the potential to unlock lucrative gains, aided by the built-in 30% bonus for presale investors during the initial listing.

Building on the original anti-bank philosophy, Wall Street Memes has allocated 30% of the token supply to community rewards, with an additional 20% designated for liquidity. The remaining 50% is up for grabs in the presale, demonstrating the democratic nature of the project. This unique token supply distribution has fueled explosive growth on social media, propelling the Wall Street Memes community to an impressive one million followers. This significant growth is likely to attract major Centralized Exchange (CEX) listings such as Gate.Io, further propelling the $WSM token on an incredible moonshot trajectory.

Source / Wall Street Memes

Taking inspiration from the success of the Wall Street Bets NFT collection, the Wall Street Memes project continues to thrive, leveraging the original moment in history when $WSM burst onto the scene. As the meme coin industry gains momentum, investors should stay vigilant and seize opportunities to invest in the next skyrocketing meme token.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

The blockchain industry has seen the emergence of meme coins like PONZI and Wall Street Memes, which have attracted attention with their impressive price movements and market support. These tokens aim to challenge the perception that cryptocurrencies are just a Ponzi scheme and have gained significant traction among traders. PONZI experienced a remarkable pump of over 1,000% in a single weekend, while Wall Street Memes raised an astonishing $22 million in its presale round. Both tokens have sparked excitement within the crypto community.

PONZI, launched on August 6, quickly gained momentum in the market, with its price surging by 600% in just the second hour of trading. Despite facing a retracement later in the day, the token rallied again and achieved a 775% pump, resulting in a total gain of over 1,000%. However, there are concerns about PONZI’s limited liquidity, which could hinder its growth potential.

On the other hand, Wall Street Memes aims to transform community sentiment into a tangible asset by tokenizing the anti-bank movement. With a democratic price point of only $0.03331, the project has raised an impressive $22 million during its presale. The allocation of a significant portion of the token supply to community rewards and liquidity has fueled explosive growth, attracting one million followers on social media. The project’s success is expected to incentivize major CEX listings, further propelling the token’s growth.

The rise of meme coins highlights the evolving nature of the blockchain industry. While these tokens bring excitement and potential gains for investors, it is important to remember that investing in crypto carries inherent risks. Investors should exercise caution and conduct thorough research before making any investment decisions.