The rise of WOJAK coin proves that only advanced crypto projects are not the ones that can experience big price rallies.
The rise of WOJAK coin proves that only advanced crypto projects are not the ones that can experience big price rallies. If you missed the 100x increase of WOJAK, you probably didn’t follow Coinotag to find the best altcoins to invest in!
Just a few days after PEPE token started rising in the charts, another meme coin began gaining momentum – WOJAK token. Currently, it seems like the meme coin season is upon us!
What is WOJAK Coin?
WOJAK token is a new ERC-20 token, a cryptocurrency on the Ethereum network, inspired by the famous Wojak meme. It was released on April 17, 2023, and has gained significant momentum since its inception.
How to Buy Wojak Coin?
Those interested in buying Wojak can do so using the recommended exchange platform. The process is as follows:
- Open an account on the recommended exchange platform.
- Deposit cryptocurrency or fiat currency into your account.
- Search for Wojak and place an order to buy.
- Wait for your transaction to be completed and store your Wojak Memecoins in your wallet.
WOJAK Coin Website
When we look at the official website of the project (as shown in the screenshot above), we must say that it is quite unique. Keep in mind that when it comes to meme coins like WOJAK, hype and trolling are usually at the forefront.
Following the example of most meme coins before WOJAK, the Wojak crypto team is anonymous. Nevertheless, it is nice to see that the team behind this new meme coin has a vision. The team behind WOJAK considers their community to be highly valuable and respectable. They acknowledge that the progress and success of the project is in the hands of its supporters.
Therefore, the team is clearly aware of the importance of strong communities in crypto projects, especially in meme coins. The Wojak team also states that they are dedicated to creating an inclusive and transparent environment where everyone can be successful.
The team believes in developing strong relationships with community members, and thus they commit to actively engaging in open communication, being receptive to feedback, and constantly adapting the Wojak community to user needs. As a result, they claim to be dedicated to ensuring that the Wojak crypto project becomes and remains a trustworthy and reliable community. One of their main goals is to provide users with a safe and rewarding experience.
Time will tell whether they will stay true to their claims. So far, WOJAK Coin has been quite active on its $WOJAK Twitter account (with 9,000+ followers and growing).
WOJAK Coin Official Twitter Page
As stated above, WOJAK coin is based on the famous Wojak internet meme that emerged in 2009. The original version of this meme is quite simple and plain, appearing as a black and white drawing of a bald-looking man.
What Inspired Wojak Coin?
It’s worth noting that the word “wojak” means “soldier” or “warrior” in Polish – hence the drawing could represent a Polish soldier.
While the exact origin of the presented drawing is unknown, it first appeared on a Polish image forum called “Vichan”. However, the word “wojak” became associated with this drawing after a user named “wojak” reposted it on the German image forum “Krautchan”.
Early internet memes like the Wojak meme became popular on 4chan. Here, it became associated with other phrases used by Wojak, including “that feel when”, “that feel”, and “I know that feel, bro”. As a result, this meme also goes by the nickname “Feels Guy”.
Since its inception, many variations and different drawings related to relevant and sometimes less relevant topics have been created and are now flooding the internet.
WOJAK Token Price Chart
Looking at the chart above, you can see that WOJAK coin experienced approximately 1000x growth in the first two days. The price per token rose from $0.0000003936 to its all-time high (ATH) of $0.0003639. However, due to the volatility of cryptocurrency, this wasn’t a steady climb. Along the way, the price experienced multiple drops of more than 50%.
At the time of writing, WOJAK token is consolidating at $0.0001268 after experiencing a drop of more than 70% from its ATH.
After such an impressive rally, you may be surprised to see WOJAK’s price at just a fraction of a cent. However, if you understand the fundamentals of tokenomics, you’ll realize that a token’s price doesn’t necessarily mean much. After all, price is always determined by the token’s market value and supply.
For a meme coin, WOJAK actually has a relatively low token supply. For example, there are 6,000 times fewer WOJAK tokens than PEPE tokens. Nonetheless, the total supply of WOJAK is 69.420.000.000.
It’s also worth noting that the Wojak crypto project has locked more than 96% of the total liquidity. This type of move shows a positive commitment and is generally a good sign. With all of this in mind, the current on-chain indicators for WOJAK are quite positive.
Blockchain Analysis for Wojak Coin
WOJAK Coin Price Prediction – When it comes to meme coins, technical analysis (TA) is often ineffective. Additionally, the amount of data for such a new coin is insufficient for TA. However, after a 70% correction, WOJAK may be preparing for another wave of growth. Especially with meme coins, you can never know what the price of the token will do.
What we can say for sure right now is that on-chain data is still quite impressive for a new coin like WOJAK. Looking at the screenshot above, you can see that WOJAK had the biggest increase in ownership this week among newly minted tokens.
WOJAK vs SHIB vs DOGE
Without TA, we can roughly make crypto price predictions for WOJAK. For example, we can assume that WOJAK has the potential to reach the same levels as the current leading meme coins. Therefore, if WOJAK’s market value reaches the current market value of Shiba Inu, its price will be just below ten cents ($0.0926). This represents an increase of up to 100 times from its current price.
It’s important to note that we’re currently far from the peak of the crypto market. So, if we consider the upcoming bull run momentum, WOJAK’s price per token could easily exceed ten cents. After all, Shiba Inu’s ATH (all-time high) market value is $43.5 billion, and Shiba Inu isn’t even the leading meme coin.
Can WOJAK Follow in DOGE’s Footsteps? For the craziest yet realistic WOJAK token price prediction, we should consider Dogecoin’s ATH market value ($82.36 billion). If we divide this number by WOJAK’s token supply, we can see that the token’s price could exceed one dollar ($1.186).
However, no one can predict if WOJAK coin will receive as much support as the current leading meme coins.
Therefore, the best thing to do is to regularly determine how the Wojak crypto project is doing by using reliable on-chain data as the bull run begins.
Can WOJAK Follow in DOGE’s Footsteps?
To make the wildest realistic WOJAK token price prediction, we should take into consideration Dogecoin’s ATH market value ($82.36 billion). If we divide this number by the token supply of WOJAK, we can see that the token’s price could potentially exceed one dollar ($1.186).
However, no one can predict whether WOJAK coin will gain as much support as leading meme coins currently do.
Therefore, the best course of action would be to regularly assess the performance of the Wojak crypto project as the bull run progresses, using reliable on-chain data.
In conclusion, WOJAK token is a growing meme cryptocurrency inspired by the popular Wojak meme. Although the token’s value is currently a small fraction, it shows significant potential for growth.
However, it is important to remember that meme coins are unpredictable, and investors should exercise caution. While WOJAK does not offer a guarantee for future performance, current on-chain data and community support appear to be quite positive.