Wall Street Memes and AiDoge are the hottest cryptocurrencies of this season. Both projects have won the spotlight in the meme coin market for their creative and compelling value propositions. According to industry analysts, they will give Dogecoin, Shiba Inu, and Pepe a run for their money.
But it’s still unclear who will grab the first position on the meme coin chart. While Wall Street Memes boasts a larger global community of 1M+, AiDoge is underpinned by a fun yet highly market-relevant AI tool.
Here is an analysis of both meme coin projects and how they stack up against each other.
Wall Street Memes is an extension of the Wall Street Memes movement
Wall Street Memes is a global community that posts some of the most hilarious memes on the internet. It has a global foothold. You must have interacted with its content at some point.
Even Elon Musk has.
As you can see, the memes mostly take digs at the double standards of centralized financial institutions and lawmakers. So, yes, the community has a large number of followers who also happen to be crypto and meme coin investors. That right there gives a strong edge to $WSM, the meme coin extension of the community.
Earlier in 2021, the community launched an NFT collection which sold out in just 32 minutes. So, we can imagine the explosive potential of the meme coin that has yet to be launched. It is now in the presale stage, and has raised $6,267,791 in a matter of a few days. The meteoric presale suggests that the token is capable of bringing anywhere from 10X to 15X returns in the first few days of the token launch. It is one of the hottest cryptocurrencies of this season.
* Joins $WSM presale * pic.twitter.com/ESDTyGm5in
— Wall Street Memes (@wallstmemes) June 11, 2023
Crypto analysts predict $WSM to dethrone Pepe from its third position on the meme coin chart within a month of its launch. Not just because Pepe is on a rapid decline, now 79.06% down from its all-time high that was recorded on May 6. But also because of the project’s meticulous tokenomics that is designed to support long-term value accrual.
For example, a whopping 30% of the total Wall Street Memes token supply is set aside for community rewards. The giveaways and airdrops hosted in the ecosystem from time to time will encourage investors to hold their tokens and benefit from their rewards, in addition to value appreciation.
$WSM has no planned utility – but does it matter?
Meme coins are tokens that primarily rely on community support. Many new meme coins, including AiDoge, stand out with integrated utility. $WSM, on the other hand, is a classic meme coin with no planned utility or purpose apart from growing the wealth of investors.
That doesn’t make it any less lucrative or relevant, however.
While most meme coins are fleeting crypto sensations with a maximum shelf life of three months, Wall Street Memes stands out. The token has long-term market relevance as it is underpinned by one of the most robust online communities. The community was not built overnight based on a fad or a tweet from Elon Musk. It has been in existence since 2019. The community is not an extension of the meme coin. It’s the other way around. And that makes all the difference.
It has proven its community presence even prior to entering the meme coin market. And with the meme coin integration, the team offers early investors the opportunity to generate significant financial gains that would be deemed crazy in the traditional market.
But again, we can’t rule out the chances of the token listing on top online websites as a payment currency. The roadmap is solely focused on community-building and marketing activities as of now, however. It focuses on playing the meme coin game perfectly, rather than promising to deliver everything under the sky. But it is highly likely that the project launches some fun and interesting utilities that match the community’s vibe in the coming phases.
AiDoge is a utility-rich meme coin
If $WSM is the hottest cryptocurrency of this season, AiDoge is the most fascinating. It ventures beyond the radical limits of meme coins as useless coins or shitcoins and introduces a meme coin underpinned by AI utilities.
$AI tokens give you access to an AI-based meme generator. The name basically explains how it works – It allows you to generate memes using AI technology. All you need to do is type in your idea and within minutes, you get a ready-to-publish meme. The memes tap into a large dataset of viral content on the internet as well as the latest news. So, they will be both funny and time-relevant. The platform also features a public wall, a dynamic space where users can view and share AI-generated memes.
You will need $AI tokens to purchase credits on the meme generator, which in turn gives you access to various platform features.
The AiDoge presale that was sold out within a few days of going live raising $14.9M goes on to prove the potential of the use case. While meme generation seems like a silly use case, it has more relevance than we presume. Especially in the meme coin community. That underscores the explosive potential of the project and why investors are hoarding the token even after the presale is sold out.
The initial exchange launch of AiDoge is scheduled for June 19th. But the project is now selling the token for the listing price, giving investors who missed out on the presale to take advantage of its upcoming price increases, widely predicted to be in three digits.
AiDoge has an action-packed roadmap that lists the important milestones for the project in the first four quarters. The development of the underlying ecosystem will fuel the demand for the token in the coming stages, along with its price.
Buy AiDoge at the Listing Price
Verdict: Who will win the battle – $WSM or $AI?
While AiDoge stands out with its quirky, yet highly market-relevant utility, $WSM’s seemingly ‘useless’ meme coin is anchored in one of the world’s most active online communities. And although AiDoge has a much smaller community, it’s fast-growing. Within less than two months of going live, the community is 36k+ members strong on Twitter.
Moreover, AiDoge has high viral potential, not limited to the crypto market. As the memes generated by AiDoge go viral, so will the meme coin generator and the meme coin. The public wall, in particular, will bring traditional users to the platform.
Both $WSM and $AI have explosive meme coin potential this year. As established meme coins like Dogecoin and Shiba Inu continue to disappoint investors with largely lukewarm performance, $WSM and $AI will come to the forefront. They have larger rooms for expansion when compared to DOGE or SHIB or even Pepe whose market caps confine their growth.
It remains to be seen whether $WSM or $AI will emerge to be the winner in the battle for the first position on the meme coin chart. But one thing is certain. The top positions long-held by DOGE and SHIB are now keenly contested.
