4Chan Coin has recorded a significant surge in the last 24 hours, with an increase of 29%. The current price of the meme token stands at $0.000000000000179428, which represents a 1,300% gain in the last 30 days and a 25,000% increase since its launch. The ongoing Reddit blackout, where several forums on the micro-blogging site have halted activity in protest against the platform’s policy of charging third-party apps for accessing user data, has played a significant role in 4Chan Coin’s surge. The blackout has affected Reddit’s reputation, leading users to seek alternative forums, including rival forum 4chan.
4Chan Coin’s Potential
The appetite for new meme tokens has contributed to 4Chan Coin’s significant gains. With little else promising big rallies in the market at the moment, 4Chan Coin may continue to rise for a while. However, it could also lose momentum as new meme tokens emerge, and Wall Street Memes (WSM) is one of the favorites to replace it.
4Chan Coin’s cryptocurrency chart suggests that the token has a lot of momentum, with its short-term moving average continuing to rise above its long-term average. This indicates that 4Chan Coin will continue to rise over the next few days before its rally runs out of steam. The token’s ability to pass its current resistance level, which sits at around $0.00000000000020, will determine whether it can continue to rally in the coming days and weeks.
4Chan Coin’s Association with 4chan
Despite its association with image-based messaging board 4chan, there is no public information available regarding whether any of the operators or moderators of the site have anything to do with the token. Therefore, it is debatable that 4Chan Coin’s rally has little or nothing to do with Reddit’s recent blackout, which is set to continue for another week.
The market has shown a preference for meme tokens this year, possibly because fundamentally strong coins have underperformed. Therefore, it would be unwise to predict that 4Chan Coin will suffer an inevitable demise, especially when considering the popularity of the site it takes its name from. However, it is arguable that its biggest rallies are already behind it, considering its 1,300% gain in a month and around a 25,000% increase since first listing on Uniswap.
Wall Street Memes
Newer meme tokens, particularly presale tokens, may be more appealing to some traders. Wall Street Memes (WSM), a new altcoin that has emerged from the meme stocks movement responsible for the 2021 GameStop and AMC rallies, is among the most promising. WSM has impressively raised more than $8.5 million since launching its presale token a few weeks ago.
The total amount raised by WSM suggests that the meme token is already attracting a sizable community of holders and supporters. Its Twitter account has over 234,000 followers, all of whom could potentially become WSM buyers and holders. Interested investors can participate in the WSM presale by visiting the official Wall Street Memes website and connecting their crypto wallets, with WSM buyable using ETH, USDT, or fiat currency.
Currently, one WSM costs $0.0295, and this sale price will rise to $0.03370000 by the time of the final, 30th stage. The final price may end up seeming very cheap once the token lists on exchanges in the next few months.
The ongoing Reddit blackout has played a significant role in 4Chan Coin’s recent surge. The market’s preference for meme tokens this year has also contributed to the token’s gains. While 4Chan Coin may continue to rise, newer meme tokens may soon replace it. Wall Street Memes is among the most promising of these newer tokens, having already raised over $8.5 million in its presale. Interested investors can participate in the presale by visiting the official Wall Street Memes website.
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