Wojak Coin Review: The Allure Of A Famous Meme Icon
The name Wojak coin is adapted from the internet meme “Wojak.” It usually represents a face with feelings drawn. The crypto asset built a decentralized arena where people can be connected and engage through the cultural power of memes.
Launched as an ERC-20 token on the Ethereum blockchain, Wojak coin, with the ticker WOJAK, went live on April 17, 2023. Since its inception, the community in WOJAK has grown rather rapidly. Thus, the token will allow different activities over the platform for buying, selling, and trading of meme coins, which is one way in which users can participate in meme culture.
At the heart of the project’s focus on decentralized engagement is a mission to connect people through digital content in a new way, building a community growing on shared experiences and humour.
The inspiration for the Wojak coin is derived from the famous Wojak internet meme originating in 2009. The most common version of that meme is a simple drawing, in black and white, of a man without any hair. “Wojak” means “soldier” or “fighter” in Polish, and some people have speculated that the character is therefore a soldier of Poland.
The original author of the Wojak illustration is unknown, and he first appeared on a Polish imageboard called “Vichan.” The figure became known as “Wojak” because the picture was re-posted by a user with this nickname on a German imageboard called “Krautchan.” It later appeared on 4chan – an imageboard website where users can post anonymously about anything, primarily utilized by young men – combined with phrases like “that feel when,” “that feel,” and “I know that feel, bro.” This led to its nickname: “Feels Guy.”
Since its creation, Wojak has undergone an immense number and variety of adaptations to become one of the most used memes on the internet. It has appeared in everything from comical scenes to highly controversial contexts.
The coin itself had quite the wild ride when it was up over 1000% in just two weeks from its launch, defying market volatility and recording frantic excitement among investors. This was then followed by an equally sharp drop of more than 90%, hence big losses for a lot of people who were invested during the peak.
Yet, despite that fact, the Wojak coin incredibly came back between October 2023 and October 2024. During this time, the coin went through a strong comeback, catching very much attention again from the community of cryptocurrency traders as it rose to a very remarkable level even with the up-and-down market fluctuations.
Wojak coin was born from creating a decentralized platform that connects people through memes. Currently, the project team is anonymous and not public on any social platforms.
The focus of Wojak coin is enveloped in three cores: a decentralized platform, unique NFTs, and strong community.
Wojak includes in its blueprint the basic feature of decentralization in its network. Some of the key features of the Wojak platform include:
Wojak hit the market with the “Anonthology” NFT collection on December 11, 2023. With this, it has combined uniqueness and exclusivity into one offering while maintaining the famous Wojak character.
The Anonthology collection is designed to:
Community engagement lies at the heart of the Wojak mission. Putting such an emphasis on the community aspect, therefore, fosters a belief in ownership within its membership, strongly tangling bonds together and helping supporters see that they, too, have a hand in the growth of Wojak coin.
Read more: Memeland Review: 9GAG’s Interesting NFT Project
WOJAK has enjoyed such popularity among investors due to its proximity to the well-known “Feels Guy” meme. Besides its promise of trading, the WOJAK community tries to amuse its members with various benefits and events. For example, on May 6, 2023, the project announced an event to reward its holders.
If holding the coin wasn’t already a great thing, the fact that anyone holding at least one WOJAK token could receive a free NFT added even more value to holding the coin. Furthermore, the community is going to organize more events in the future, making holders feel like they are part of something and communicating with each other even more.
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Since the rise of the internet, memes have played an influential role in pop culture, from simple emoticons to becoming a strong medium for communication, humour, and social commentary. Memes create online communities and, thus, a feeling of understanding and bonding between participants.
The WOJAK token started its journey when Wojak, once just a simple meme, transformed into a cryptocurrency. Wojak coin came about with the stroke of an idea to make a platform that was decentralized and unifying over memes, hence enjoyable among the projects in the crypto-asset class.
The 17th of April 2023 was a huge, great day when the Wojak coin finally reached the surface. Since then, it has gained some momentum in the crypto space and has been growing as a new symbol of meme-driven investment.
Previous trends in the Wojak coin market reveal a remarkable growth trajectory. Initially priced at $0.00010867, Wojak coin saw a surge, reaching an impressive high of $0.00107427 shortly after its launch.
However, the journey has not been without its challenges. Reflecting the inherent volatility of the cryptocurrency market, WOJAKs price experienced significant fluctuations, with retracements exceeding 50% occurring multiple times. The token achieved its peak value of $0.00186424 on June 5, 2024.
As of now, WOJAK’s price is on a downward trend following several increases. Despite this decline, it has managed to maintain a value above the $0.0375 mark.
Wojak has a total token supply of 69.42 billion. That means it’s relatively low in supply compared with its competitor, Pepe. In fact, compared to Pepe, Wojak has over 6,000 times fewer tokens in circulation. This is where much more favourable conditions could arise for the appreciation of this particular digital asset.
The community engagement and popularity of the projects with Pepe currently leads the way over Wojak. While the Pepe meme was primarily perceived as a carrier of good feelings and vibes, with its relation to the alt-right movement, it became more complexly appealing as cryptocurrency.
| WOJAK | PEPE | |
| Market Cap | $86,8 million | $4.5 billion |
| Circulating Supply | 69,420,000,000 tokens | 420,690,000,000,000 tokens |
| Price (at the time of publish) | $0.001252 | $0.00001084 |
| Community follow on X | 46.8K | 669.3K |
With such a change, many users started to look for other meme coins, and one of the most relatable and versatile happened to be Wojak. Unlike Pepe, it has never been associated with anything really controversial, thus keeping the appeal of this character more universal among crypto enthusiasts.
Wojak and Pepe were popularized in cryptocurrency culture as memes a long time before they were tokenized. In the ongoing development of this market, there’s always one chance for Wojak to follow in the footsteps of Pepe and see explosive price action. If the meme community were to take up Wojak like it did its more popular sibling, it could easily see large price movements at any moment.
Read more: Pepe Coin Review: The Strong Attraction Project For The Meme Coin Community
This involves comparing WOJAK to Dogecoin, which is currently the leading meme coin with an ATH market capitalization of around $82.36 billion. From this figure, considering WOJAK’s token supply, one can expect that WOJAK’s price could surpass the $1 mark if the token were to be on par with DOGE.
But in reality, with a limited supply compared to other meme coins, WOJAK only needs to reach a capitalization of nearly $1 billion, which is more than 10 times its current capitalization to be successful. You can refer to the price chart of WOJAK here.
But it is actually hard to predict that WOJAK may get support similar to established meme coins like Dogecoin. There has always been one characteristic that somewhat defines cryptocurrencies: their highly volatile nature. Yes, this can happen, pending various contingencies like community engagement, market trends, and overall investor sentiment.
Wojak coin can be purchased from centralized and decentralized cryptocurrency exchanges. MEXC, Gate.io, BitMart, BingX, Bitget or Uniswap V3 are exchanges that support the WOJAK/USDT trading pair.
Meme coins often face surges in their prices based on hype and popularity, but their long-term sustenance depends on practical utility and a strong community. For example, Dogecoin is probably the most popular meme coin, but it has maintained interest due to public endorsements, most notably from Elon Musk. Contrast this with Shiba Inu, which has built out an entire ecosystem that includes a DEX and scaling solution.
Another fast-growing meme coin, Wojak is based basically on community engagement and the power of its offerings, such as NFT and a well-thought token distribution model.
Prospects for Wojak and its ilk are promising in favourable conditions, though there are considerable risks in these investments. These projects are highly memetic in nature and lack any real-world utility; they are highly volatile and could be subject to possible regulatory oversight.
Speculating on meme coins is extremely risky as it can help investors make huge profits in a short time but also lose very quickly. Through this article, you must have grasped the basic information about the Wojak coin somewhat to make your own investment decisions.
Wojak is a meme coin inspired by the popular meme of the same name, featuring a bald man with various expressions.
Wojak coin has a total supply of 69,420,000,000 tokens.
Wojak coin does not have a clear roadmap, but the project regularly updates on X about future plans.
Like other meme coins, Wojak is primarily intended for entertainment and has no tangible value.
Wojak’s first appearance was in 2010, published by a Polish user of the now-defunct German imageboard Krautchan.
You can buy Wojak coin on MEXC, Gate.io, BitMart, BingX, Bitget or Uniswap V3.
Wojak coin is an ERC-20 token based on Ethereum.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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