Cryptocurrency market analysts have named a cryptocurrency that grew by 110% in just 5 hours

According to OKX, the cryptocurrency exchange, the price of the Wall Street Memes (WSM) token has shown a significant increase over the past day. Since its listing, the digital coin’s price has soared by 110%. The WSM/USDT trading pair appeared on the spot platform in the afternoon of September 26 and since then, the value of the virtual asset has only grown.

WSM trades opened at $ 0.02. However, literally in the first 15 minutes, this figure increased by 50% and reached $ 0.03. At the time of writing, WSM is trading at $ 0.038, and daily trading volumes have exceeded $ 42 million. The total number of tokens in circulation on the market has reached 2 billion.

In a little over five hours, traders completed $ 7.62 million worth of cryptocurrency transactions. This is not considered a significant achievement for digital assets, but trading orders indicate good liquidity of the crypto asset on OKX.

The listing of the WSM digital currency was originally scheduled for September 27, as the cryptocurrency’s developers said, but then their plans suddenly changed. On the night of September 25−26, the press service of the OKX trading platform announced that it had decided to add the crypto asset to its functionality.

Numerous traders and investors were vigorously discussing the prospects for the growth of the new meme token’s value. Many experts noted that the price of the crypto asset could increase dozens or even hundreds of times. Their expectations were related to the fact that the development of the digital currency was carried out by experienced programmers with extensive experience in launching large projects. In addition, Elon Musk, the owner of the X platform, drew attention to the virtual currency. It is worth noting that when a billionaire mentions a particular cryptocurrency, its value immediately increases.

Finally, there were high expectations that meme tokens would be very popular in 2023. The excitement around Pepe (PEPE) in the spring was the largest since the beginning of this year. The digital asset’s price soared hundreds of times in a few weeks, turning some small investors into real dollar millionaires.