ChatGPT is the popular conversational AI chatbot powered by next-generation generative artificial intelligence (AI) technology such as OpenAI, has gained worldwide popularity in recent months. Users are amazed by its ability to process information, solve problems, and generate high-quality human-like responses.
In fact, ChatGPT has quickly been hailed as a groundbreaking technology with the potential to completely transform the way information workers and businesses operate.
The capabilities of ChatGPT include, but are not limited to, diverse content creation, text summarization, generating business ideas and brainstorming, code generation, social media engagement analysis, resume and cover letter generation, and more.
Artificial intelligence has already proven to be a revolutionary disruptor in the field of financial market price prediction.
A recent research paper demonstrated how large language models (LLMs) based on machine learning, such as ChatGPT, can predict stock price trends.
Considering this, the team at Cryptonews.com decided to consult ChatGPT about the future trends of Wall Street Memes’ $WSM token.
Wall Street Memes is one of the most popular retail investment communities online and gained attention during the meme stock frenzy of 2021. However, it has recently expanded its influence in the cryptocurrency space with its associated WSM token through a new presale.
While the chatbot is unwilling to provide specific price predictions and emphasizes that it does not offer investment advice, ChatGPT presents some arguments about why meme coins like $WSM may experience price increases after listing on cryptocurrency exchanges.
Here is the good news it brings us.
ChatGPT brings good news about WSM
ChatGPT believes that for a meme coin, it needs a strong community and hype.
“Meme coins typically rely on the strength of their community and the presence on social media… If WSM can build a strong and actively engaged community around its project, it can generate hype and attract attention from investors and traders… An increase in demand for the token can potentially drive its price up.”
Fortunately, Wall Street Memes has been building such a community over the past two years.
Not only does it have a highly engaged community of 523,000 members on its wallstbets Instagram account, but also 214,000 Twitter followers and over 100,000 followers on its other Instagram channels, wallstgonewild and wallstbullsnft.
In total, Wall Street Memes has a social community of 1 million members, and analysts can almost confirm that the $WSM token will be listed on top-tier cryptocurrency exchanges like Binance.
Indeed, ChatGPT believes that exchange listings and increased accessibility can be another important factor for the strong performance of the $WSM token.
“Once meme coins like WSM get listed on established cryptocurrency exchanges, they gain exposure to a wider potential buyer and trader base… Improved accessibility can lead to increased trading volume and liquidity, which typically has a positive impact on the token’s price.”
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Participate in the presale of Wall Street Memes token now
Despite the Wall Street Memes token’s presale launching just a few days ago, it is already close to surpassing the $1 million mark.
This presale is quickly following the success of the Wall Street Bulls 10,000 NFT collectibles in 2021, which sold out within 32 minutes at a price of $2.5 million.
Wall Street Memes emerged from the movement in 2021, a moment when small investors united to challenge Wall Street.
Although it didn’t overturn the overall dominance of institutional investors, the primary goal of this movement was to raise the GameStop stock price, which successfully led to the closure of Melvin Capital hedge fund.
Therefore, the team behind the Wall Street Memes token understands how to establish a brand in this new financial era.
Aligned with the idea of empowering the little guy, 100% of the token supply belongs to the Wall Street Memes community, with no private sales or generous team allocations behind the scenes.
Of the token supply, 50% is available during the presale, 30% is allocated as community rewards, 10% is used for centralized exchange liquidity, and 10% is used for decentralized exchange liquidity.
Due to the 30% supply allocated for community rewards, it is reasonable to expect that airdrops will become an integral part of the ecosystem.
The future prospects of Wall Street Memes are looking bullish
In fact, the first round of $WSM airdrop is already open. By joining Discord, linking social media accounts, participating in social interactions, and holding and trading $WSM tokens, you qualify for the airdrop.
To purchase $WSM tokens, you will need to have ETH, BNB, or USDT in your crypto wallet (accepting ERC-20 or BEP-20 versions). Simply visit the website link to make the purchase.
Analysts have already predicted a 10x return for the Wall Street Memes token upon listing on exchanges, and you can be a part of it.