BTC -6.94%
ETH -3.78%
SOL -2.33%
PEPE -1.38%
SHIB -6.85%
BNB -4.38%
DOGE -8.03%
XRP -2.86%
presale is live

TATE 2.0 Blasts Up 30,000% on DEXTools But Experts Say It’s a Scam and This Lesser Known Project is the Next Crypto to Explode

Simon Chandler
Last updated: | 2 min read
Source: TradingView

TATE 2.0 has become the latest new meme token to post ridiculous gains this year, with the coin gaining by more than 32,000% in the past 24 hours.

Unfortunately, such a surge has been overshadowed by its labeling as a “scam” by DEXTools, with analysis revealing that the meme coin’s smart contract contains a blacklist function, meaning that buyers won’t be able to sell it.

As disappointing as this may seem for retail investors looking for the next big thing, there are genuine meme tokens available at the moment that do offer buyers a realistic chance of enjoying above-average gains.

This includes Wall Street Memes (WSM), an ERC-20 cryptocurrency that has already raised $14.6 million in its presale, indicating that it could rally big once it lists on exchanges.

TATE 2.0 Blasts Up 30,000% on DEXTools But Experts Say It’s a Scam and This Lesser Known Project is the Next Crypto to Explode

There really is nothing to say about TATE 2.0 beyond the fact that its smart contract has a blacklist function, something which implies that its market is completely fake.

Source: DEXTools/TradingView

In other words, TATE 2.0’s gains in the past day have likely been artificially manufactured by its issuers, who are hoping to lure genuine retail investors to the token and then dump their bags on them.

Given that this kind of thing has been going on for a few weeks now, with an endless slew of new junk meme tokens appearing, it’s likely that most retail investors are finally getting wise to it.

And instead of falling for the latest scam coin, they may prefer to invest in a meme token with an actual following and community, and with real prospects of enjoying genuine rallies.

One new coin that fits this bill to a tee is Wall Street Memes (WSM), which has emerged out of the meme stocks movement famously responsible for the 2021 GameStop and AMC rallies.

Not only has its presale raised close to $14.5 million in a matter of weeks, but its Twitter account now has over 252,000 followers.

These two figures provide a strong indication that WSM has attracted a sizable group of supporters, who will likely boost the meme token’s price when it lists on exchanges in the next few weeks.

Encouragingly, WSM has been designed to provide its holders with real incentives to keep it alive and well, with the token allocating 50% of its supply to its presale, as well as another 30% to its community.

<oembed url="[/embed]

Because of such tokenomics, WSM can be expected to outperform the vast majority of new meme tokens, particularly over the medium- and long term.

Investors can join the WSM presale by going to the official Wall Street Memes website, with 1 WSM now available for $0.0316.

The sale will end by offering WSM at a price of $0.0337, although this could end up seeming very cheap in the next few weeks.

Visit Wall Street Memes Now

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.