Most established coins have posted gains this week as the broader crypto market flips bullish. Now, many investors are on the hunt for the next breakout star.
Meme coins are back in the headlines, and they’re making headlines again. Most established coins have posted gains this week as the broader crypto market flips bullish. Now, many investors are on the hunt for the next breakout star. And Crypto All-Stars (STARS) is grabbing attention as a potential candidate for a rally after its presale ends.
Meme Coins Rally as Spot Trading Volumes Pass $7B
Meme coins are on a tear right now. PEPE has jumped 14% in the past seven days, while WIF has experienced a 21% boost. However, the real star has been POPCAT. This cat-themed coin has rocketed 40% to hit $0.929. Even the OGs like DOGE and SHIB are up 3% and 7%, yet this contrasts with the DOGS token, which is down 2%.
All of this bullishness has pushed the meme coin market’s total value to $45.7 billion. Daily trading volumes have also passed $7 billion.
But there’s more to the positivity than just these numbers. At yesterday’s Token2049 conference, big names like Joe McCann and Ansem praised meme coins as serious portfolio players. They see these coins as a new form of digital art, claiming they offer some of the best risk-reward ratios available today.
Their comments have prompted even more enthusiasm from investors.
Fed Rate Cut Prompts Buying Frenzy in the Crypto Market
The broader crypto market has gone full bull mode this week. And we can thank the Fed for that. They’ve slashed interest rates by 0.5% – the first rate cut in four years.
Unsurprisingly, this has gone down well with the crypto community. Bitcoin is up 9% in the past week, now hovering around the $63,500 level. Ethereum has broken past $2,500, while the total crypto market cap has ballooned to $2.2 trillion.
Even crypto stocks like Coinbase and MicroStrategy are seeing gains.
Liquidations have also exploded, jumping to $155 million in the past 24 hours. Most of that (around $105 million) was bears getting squeezed.
As we head into Q4 2024, many investors believe the bullishness is just getting started, since it was around this time last year that Bitcoin began to rally.
Throw in the upcoming U.S. election, which will likely inject even more volatility into the market, and it could be an exciting few months ahead.
Will Crypto All-Stars Be Next to Explode with New Meme Coin Staking App?
With the crypto market on fire, new projects are also catching attention. One such project is Crypto All-Stars – a meme coin that’s got everyone talking.
Still in presale, the project has already pulled in $1.4 million. Investors can grab STARS tokens for $0.0014535 each right now, but that price will jump in less than two days when the next round kicks off.
Most of the buzz around Crypto All-Stars is because of the “MemeVault.” The MemeVault is a tailor-made staking protocol for established meme coins like DOGE and PEPE.
Investors can stake their meme coins in the MemeVault and earn STARS as rewards. And those who already hold STARS will get triple the returns.
Also, the MemeVault uses the ERC-1155 standard, meaning it can handle meme coins from different blockchains.
That means investors from Ethereum, Solana, Base, Tron, and more can get involved.
If that wasn’t enough, Crypto All-Stars has a secondary staking app that’s already live. Early STARS investors can lock up their tokens to earn 1,058% annual yields.
No wonder YouTubers like ClayBro can’t stop talking about it.
With the crypto market turning bullish and meme coins rallying, Crypto All-Stars looks like it’s benefiting massively.
And many believe that STARS might just be the next coin to explode.
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