FOMO pumps 45,000%, but other meme coins are expected to rally soon.
In recent times, $FOMO has seen an impressive surge of over 45,000%, along with other parody coins that have gained significant growth in a short period. However, it is advisable for cautious investors to avoid jumping into the hype surrounding this meme token due to several red flags that suggest it may be a honeypot scam aimed at defrauding investors.
Alternatively, investors can consider exploring $THUG, $WSM, and $BONE. These coins have strong fundamentals and unique concepts, making them more reliable and potentially lucrative investment opportunities.
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FOMO pumps 45,000%, but other meme coins are expected to rally soon. FOMO for the Culture
FOMO, or fear of missing out, is a common phenomenon among investors who make trading decisions based on the general sentiment of others rather than conducting meticulous research before buying an asset. This often leads to unprepared investors buying at the top and experiencing significant losses as the chart goes down to a net negative.
$FOMO is a meme coin that aims to capture the human emotions frequently deployed in trading decisions. The anonymous team behind the project is looking to tap into already existing investor sentiment, much like other meme projects such as Pepe-the-frog. $FOMO is described as a meme coin aiming to spark a new trend in the crypto space. FOMO pumps 45,000%, but other meme coins are expected to rally soon.
Despite its impressive 45,000% surge over the past 30 days, there is little else available for savvy investors to base a cogent decision on. This aligns with the nature of the FOMO trend itself.
As of the latest update, the $FOMO asset has seen a daily increase of 545.64% and is currently trading at $0.000011. Its seven-day performance is also impressive, standing at 1,240.37%. The 24-hour trading volume is showing a strong bullish trend with a remarkable 25,927% increase. However, it's important to note that the $FOMO project lacks strong fundamental support. The project team has not provided a clear core idea and roadmap, and there is no information available about the team. Additionally, the meme token has been blacklisted on the DEXTools platform. Moreover, the project's token balance is modifiable from its self-reported 50 billion $FOMO assets, which means that holders could easily see their assets lose value once the project team releases more tokens. Given these uncertainties and the limited information available, investors should exercise caution and refrain from joining the wave of meme gains. Instead, it may be prudent to focus on our top meme picks for the coming weeks.
Thug Life ($THUG): Baller’s Meme Coin
Thug Life is a newly launched meme project that seeks to embody the hustling lifestyle of the early 90s, as popularized by hip-hop stars of that era. The project is aimed at creating a movement that promotes unity of mind and soul, humor, and brotherhood for all.
The Thug Life token, $THUG, is a platform that aims to help investors who have fallen victim to honeypot scam projects turn their supposed misfortune into profitable opportunities. Unfortunately, due to the crypto space's early stages of development, many bad actors are operating within it, putting investors at risk of losing their hard-earned funds. However, with $THUG, investors can convert their losses or mistakes into profits. The project embodies the vibrant hustle culture that characterizes the crypto space, resonating with many individuals. Currently, $THUG is on presale, and it boasts one of the shortest presale periods in crypto market history. The project team aims to raise approximately $2,058,000 from investors in its presale. At press time, the $THUG token has raised over $694,000 out of the hard-cap limit of $2,058,000. Early investors can get the baller's meme coin token for a low value of $0.0007 before it ends in eight days.
Wall Street Memes: Movement for the Retail Investor Revolution
Blockchain-based projects are expanding their scope beyond basic value transfer systems and are now exploring the tokenization of belief systems and social movements. Wall Street Memes is a notable instance of this trend, as it tokenizes the GameStop saga of 2021 through an assortment of viral financial memes.
The project team has been a strong supporter of the events that unfolded in 2021. They view their meme project as a way for retail investors to profit from coins that are typically considered worthless. This belief system has gained traction, with over 1 million individuals embracing Wall Street Memes. The project has also garnered over 400 million impressions online, and even Elon Musk is an avid admirer. In addition, the project has launched a new NFT collection called Wall Street Ordinals on the Bitcoin network. Their previous successful digital collection, Wall Street Bulls, sold out in under 32 minutes on the Ethereum blockchain. Their foray into Bitcoin showcases their adaptability to market trends. Many crypto experts consider Wall Street Memes to be the next king of memes, with the potential to secure a listing on a tier-1 exchange in a short time. The project is currently in the presale stage, with its native token, $WSM, having raised over $13.4 million from eager investors. The token is currently priced at $0.0313, with an upcoming price hike to $0.0316 in three days.
$BONE: ShibaSwap DEX Native Token
BONE, represented by the ticker symbol BONE, is the native token for ShibaSwap's decentralized exchange platform. ShibaSwap operates as a DEX protocol that enables the exchange of $SHIB tokens for LEASH and $BONE tokens.
$BONE is an essential part of the Shiba Inu ecosystem and holds a unique role as a governance token. Holders of $BONE have the right to vote on key governance proposals and earn rewards for locking up the virtual asset. As a native token, $BONE acts as a middle link to the popular Dogecoin killer. The change in sentiment on the broader market has been advantageous for $BONE, and it has experienced a rally of 18.73% over the last day, currently trading at $1.37. Its weekly performance is also bullish, with 46.17% growth, and its monthly gain has ascended 70.27%, making it a viable alternative to buy instead of the $FOMO token.
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