Last Thursday, May 23rd, there was an article published that was titled "Top 3 Memecoins To Watch in May 2024" One of the memecoins that was highlighted was Eddie Seal ($EDSE). Following the publication of the article, the price of this memecoin exploded tenfold, increasing the market cap from $23k to $230k. This is not only due to the article published in Cryptodaily but also the consistent development of the project by the team through regular posting of new memes and animations. Today’s article will analyze whether Eddie Seal has the potential to grow to a level of $23 million, which would be x100 from the price level at the time of writing this article.
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Community - One of the most important factors for the growth of a cryptocurrency is not so much the number of buyers but a loyal number of holders who do not sell their coins. Growing demand combined with the community's belief in the coin's growth provides a strong foundation for increasing its market cap. In the case of Eddie Seal, one can observe a very loyal and engaged community of holders who do not sell their coins. According to dexscreener data, the number of buyers is twice the number of sellers. On the Telegram group, the team is in constant contact with the community. Challenges are jointly resolved, and new marketing ideas are developed. It can be observed that the community itself, without prompting from the team, engages in promoting Eddie among other communities, thereby increasing the number of group members day by day. The team, in turn, shares every planned marketing action and how much each action will cost. Actions are transparent, and it can be verified by observing the group's history that what the team writes, it later does in reality.
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Marketing - The team has repeatedly stated that they want to develop the project by investing in content and unconventional marketing actions. Besides many original graphics featuring Eddie, the project's social media started to show the first animations. The team stated that the best strategy for Eddie would be its development inspired by the growth of Ponke - another memecoin project described in the previous article, which is breaking new records, exceeding a valuation of $200 million. This strategy is based on constant and regular delivery of content in the form of animations and graphics and focusing on real-time marketing. The team wants to focus on dark humor and paid promotion of each new content on Twitter/X, Instagram, and TikTok in the same way the Ponke team did. If the strategy works even at 10% compared to Ponke, Eddie Seal can expect a $20 million market cap within 2-3 months, i.e., even x100 from now. Of course, assuming the bull market in cryptocurrencies continues.
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Price - At the time of writing this article, the price of Eddie Seal is approximately $0.00023. Within 48 hours of the previous article's publication, Eddie Seal's market cap increased from $20k to $120k. At the time of writing, the market cap is $230k. The team is ready for further growth, and the next levels of market cap will unlock further marketing actions, such as a tattoo contest of Eddie, a reward for someone who runs onto a sports field wearing an Eddie shirt during a major sporting event, or a giant banner with Eddie Seal's logo on a skyscraper in one of the world capitals.
According to the editorial team, it cannot be unequivocally stated whether Eddie Seal will achieve a valuation exceeding $23 million. However, it is certain that consistency in action and constant publication of creative content on social media, as seen in other similarly managed projects, has resulted in these projects achieving valuations exceeding even $500 million. The further development of the project will be closely monitored.
How to Buy Eddie Seal ($EDSE) Tokens
The recommended way is purchasing EDSE using a computer.
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Add the Phantom Wallet extension to Google Chrome by visiting phantom.app. Open your account in the Phantom wallet and save the generated words.
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Purchase Solana (SOL) on an exchange like Binance and send it to your wallet address. You can find your wallet address by clicking on the list of currencies in Solana > Receive > Copy.
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Click on the "Buy Eddie Seal token $Edse" button on the eddieseal.org homepage or go directly to the Jupiter exchange: Jupiter exchange . Remember to do this in the Chrome browser where you have the Phantom wallet.
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Click the "Connect Wallet" button. Select Phantom and follow the instructions to connect.
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You should see SOL in the "You're paying" field and EDSE in the "To receive" field. If you don't see it, manually select SOL in the upper field and paste the EDSE token address in the lower field: 2Zvo6bnwJtyXhsPgbcfajTrEtB7NwrJhK8mMmtEXvHHc.
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Select the amount of Sol you want to exchange for EDSE. Confirm the swap by clicking the SWAP button. When Phantom asks you to sign the transaction, sign it.
That's it! If you followed all the steps correctly, you should have EDSE in your wallet.
More about Eddie Seal $EDSE
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
