Up 4.22% to $0.91, Can EOS Price Break $1 This Year? Wall Street memes increase to $600,000

$EOS, the EOS network’s utility token, has experienced considerable growth with a price increase of 4.22% during the last day.

Scalable and safe dApps may be created using the decentralized application framework.

The current explosion in interest in meme currencies has instead shifted our attention to a new meme asset that has the crypto world in a frenzy, despite the utility and the recent price increase.

Within hours of its release, Wall Street Memes, a new asset that challenges the widely accepted notion of Wall Street’s unrestrained capitalism, generated more than $600k in presale.

Investors may take advantage of the current reduced pricing and potentially earn big returns because to the strong community support and meme coin appeal comparable to that of DOGE and PEPE.

The price of EOS is approaching $1 due to a bullish trend

At press time, the $EOS price is $0.91, with a 24-hour trading volume of $94 million, suggesting a 4.62% rise over the same timeframe.

According to the technical charts, the asset’s shape is negative. $EOS is now trading below its 50-day simple moving average (SMA) of $1.02 in the short term and $1.41 in the long run.

The asset is facing resistance around the 23.6% Fibonacci retracement level of $0.91.

However, the asset can surpass this threshold and reach the $1 price level if positive momentum persists.

EOS is now underbought according to the relative strength index (RSI), which is 48.06, and is showing a buy signal on the moving average convergence divergence (MACD).

Modern open-source blockchain technology The EOS Network prioritizes extraordinary speed, flexibility, security, and developer satisfaction.

The Ethereum killer runs as a third-generation blockchain and makes use of the EOS virtual computer to provide deterministic transaction processing with low costs.

EOS uses delegated proof-of-stake (DPOS), a proof-of-stake version in which a token holder’s stake in the system determines how much governance authority they have.

The EOS Network, which combines programmable architectures, adaptable blockchain topologies, and customized smart contracts, enables developers to freely express their innovative ideas by offering a low-latency and highly efficient infrastructure.

EOS’s technology foundation and thriving community are what set it apart.

EOS has unveiled an Ethereum Virtual Machine made exclusively for Solidity-savvy developers in order to speed up its development.

The use of open-source code libraries and tools from the Ethereum ecosystem will make it easier for the two main networks on the market to communicate with one another, which will help the EOS Network expand.

Developers of Ethereum will also profit from the EOS Network’s low transaction costs, quick transactions, and capacity for deploying massively scalable decentralized apps.

For the time being, meme currencies appear to be dominating the crypto market, which may be wonderful news for long-term EOS investors. Several joking cryptocurrencies have had huge price gains recently.

The Wall Street meme is one such meme coin that has a potential 100x growth.

The « Wall Street Meme » is a New Meme That Has Gained Massive Popularity

With the help of the internet’s most well-known investing community, which turns stock purchases into observable gains and is now expanding its reach to meme currencies, the presale of the Wall Street Memes token ($WSM) has started.

The Wall Street Memes movement gave birth to the $WSM token, which symbolizes the triumph of the internet against unrestrained capitalism.

This token acts as a supplement to the Wall Street Meme platform, enabling its users to profit from the creation of top-notch memes by Wall Street Memes.

$WSM is essentially a meme currency with no useful uses. But this project is supported by a thriving community with more than a million members.

These members significantly contributed to the Wall Street Bulls, their first NFT collection, selling out in under 32 minutes in 2021.

In order to show their involvement in the newest Bitcoin NFT trend, they just released the Wall Street Bull Ordinals mint. The digital collectable is anticipated to sell out within a few weeks given that there are only 420 such ordinal NFTs.

The Wall Street Memes website also states that multi-billionaire Elon Musk has dealt with this meme coin in the past.

Seizing the $WSM token at its present low price of $0.025 becomes a critical opportunity given that it has already proven to be appealing to both cryptocurrency and stock audiences, as seen by its enormously successful original NFT launch.

Following the announcement of the introduction of the token, there was an immediate rise in demand for the $WSM token, which led in an immediate raising of more than $600,000 from ecstatic investors.

The possibility of the $WSM coin getting listed on prestigious cryptocurrency exchanges like Binance in the near future has considerably increased as a result.

The Wall Street Memes token is poised to become the ultimate « King of Memes, » exceeding the popularity of Dogecoin, Shiba Inu, or Pepecoin and ruling as the « King of Stonks. »

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