January 12, 2024 4:33 PM | 2 min read
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
In the ever-evolving world of cryptocurrencies, the influence of celebrities can be a game-changer. WYNN (CRYPTO: WYNN), a meme coin, saw a significant surge in mentions and popularity, reportedly with the help of renowned artist Drake.
A Sudden Rise In The Crypto World: According to social media buzz, WYNN experienced a remarkable increase in mentions over the past 24 hours, becoming the most talked-about token after giants such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). The token booked 500% gains, surging from a market capitalization of under $1 million to over $5 million in only two days.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!
It also registered 27 daily and 47 weekly mentions, indicating a sudden spike in interest among the crypto community.
On Jan. 12, a crypto influencer sent a tweet noticing WYNN’s rapid ascent alongside a Drake-related meme.
This seemingly casual spark ignited a digital bonfire, catapulting WYNN to the top of the sentiment leaderboard within 24 hours.
Is This the Start Of A New Meme Coin Era? The surge in WYNN’s popularity raises the question: Are we witnessing the beginning of a new meme coin season? Meme coins, often driven by social media hype and celebrity endorsements, have seen varying degrees of success and volatility in the past.
“The Best Report Benzinga Has Ever Produced”
Massive returns are possible within this market! For a limited time, get access to the Benzinga Insider Report, usually $47/month, for just $0.99! Discover extremely undervalued stock picks before they skyrocket! Time is running out! Act fast and secure your future wealth at this unbelievable discount! Claim Your $0.99 Offer NOW!
The involvement of a high-profile figure such as Drake can add to a token’s visibility and appeal.
Whether this will challenge meme coin OGs like Dogecoin (CRYPTO: DOGE) or Shiba Inu (CRYPTO: SHIB) remains to be seen. Even on Solana, WYNN competes with popular coins such as Bonk (CRYPTO: BONK) and Myro, the latest meme coin star.
But several prominent social media accounts, including Traderpow, Poe_Ether, realdogen and CryptoTalkMan have discussed and promoted WYNN.
Their influence in the crypto space has likely contributed to the token’s rapid rise in mentions and interest.
Read Also: Bitcoin ETFs Roar Onto Wall Street On Day 1, But Questions Linger About New Mone
A Trend To Watch: The sudden popularity of WYNN, potentially boosted by Drake’s indirect endorsement, highlighted the significant impact of celebrity influence in the cryptocurrency market.
WYNN may or may not be a new meme coin star, but it will probably not be the last meme coin endorsed by a star.
Read Next: Bitcoin Hangover After ETF Party: Were Bulls Blinded By Hype?
Photos: Dogecoin, Unsplash; Drake and Shiba Inu Shutterstock
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
This news is republished from another source. You can check the original article here
