By Riya M 
The new meme token has again rocked the cryptocurrency market “Would,” as its incredible growth in price and trading volume has been noticed. This newest occurrence in the digital assets’ whole life cycle has caused a stir among investors, traders, and people who are looking to enter the world of cryptocurrency communities and who are wondering how honcho coin and dogecoin’s broader impact on the cryptocurrency ecosystem played out.
The Would token, running with the ticker WOULD, has seen an unbelievable increase of 2515% in a single day that spiked the price to $0.00007931 per token – that is, more than 25.14 times compared to the initial value. Most astonishingly, now, the project market capitalization has grown to $7.93 million which is even a number that just a few days ago could not even be dreamt of. The project’s massive growth, in the same way as other meme coin successes that have enthralled the crypto community in the last couple of years, remains unaddressed.
If we set aside the price jump, which is an extraordinary rise, we will see an unprecedented increase in trading volume. The trading volume for Would token has impressively jumped by 57,312.62%, up to $11.92 million within 24 hours. This signifies a huge number of buyers and sellers buying and selling as they want to profit from momentum. The total volume/mar-cap% correlation stands at 150.38%; this means a great deal of liquidity and huge interest in trading.
The total supply of Would tokens remains at 100 billion tokens, with the same amount registered as the maximum supply and the self-reported circulating supply. This open-source report of the supply for a token is mostly unseen in the meme coin sector, where the assets are mostly hidden under a cloak of camouflage. However, the questions it raises are the token’s long-term value and the possibility of further price increases.
The Would token’s explosive growth remains a mystery, as with the case of many overnight emerging crypto artifacts. There are those who think that the buzz on social media and promotion that was done in an organized way could be the ones that captured the most attention and attracted more people. Some others attribute it to the wider context of the market and the demand from investors who are chasing exotic assets in the cryptocurrency field.
The Would token has become the center of the debate in the crypto community about meme coins, which were already on the decline. The dissenters argue that such projects are merely speculative and put novice investors at risk. They say that usually the quick money goes in line with a big loss, making the newcomers part with an amount that can be called substantial.
Contrarily, the supporters of meme coins look at them as a decentralized power in the crypto market. They claim that the projects open doors to the common individuals to be part of a change in their lives and even overshadow the cryptocurrencies that have established a foothold in the market. The triumph of Would token, they maintain, is proof that the people-driven projects are the real power of the digital era.
The crypto market is still in an ongoing process of development and authorities and stakeholders in the field are scratching their heads at how to deal with the new phenomenon of the ilk of viral tokens like Would. The quick fluctuations in prices and the trading volumes of these projects that go through the roof lead to thoughts of market manipulation and investor protection. While some are asking for more supervision and restrictions, others claim this might kill the creativity in the sector.
The future of the Would token looks quite uncertain at this point. Meme coins are very volatile by nature and experiences have shown so far that it’s hard to keep up a pace similar to its current one. The investors and the ones who have a closer eye on this will do the parley on Would and try to find the answer. Would it overcome this bad period of the cryptocurrency market remaining at a high level?