It looks like the Federal Reserve in the United States is going to cut interest rates for the first time in over 4 years. It is being widely reported among crypto analysts that rates being cut would spark a Bitcoin (BTC) breakout in October. As readers will know Bitcoin is often a trigger point for the rest of the market and when it starts to pump you can expect altcoins to follow.
In 2024 it has been meme coins that have benefited the most every time conditions are bullish. No sector has enjoyed as much growth this year as meme coins. Taking into account that normally the crypto market finishes the year strong and the possible cuts, it could be a huge last few months for meme coins.
We want to focus on one meme token in particular. Crypto All-Stars ($STARS) is currently going through its presale but keen observers of crypto media will have seen lots of buzz about it already. That is because it has the potential to be a revolutionary project. Let’s take a look at why now.
For any readers who don’t pay close attention to the presale market, we will just give you a quick synopsis of what has been happening over the last year. As we mentioned, no other sector has enjoyed as much growth in 2024 as meme coins. Of course, this has mostly positives but it has led to some over-saturation.
The peak of this was seen in late spring when millions of new meme coin projects were launched. To combat this, serious meme coin presales started to include staking in their ecosystems. This has also been a pattern in 2024, staking has grown hugely in popularity. This is no surprise as investors are less likely to dump staked tokens so it can give new projects a layer of security.
So, staking has become very popular because of its utility. That brings us to Crypto All-Stars ($STARS). They have decided to turn the game on its head by doing something with staking that no other project has attempted. They want to facilitate multi-chain, multi-token staking.
The Crypto All-Stars project is still quite early into its presale but has still managed to surpass $1.3 million raised. It is clear that investors are buzzing about a project that could change the staking and meme coin landscape. The current price of $STARS is 1 $STARS = $0.0014419. It is getting very close to its next price increase though so if you are interested, act fast to get the best value.
At the center of the Crypto All-Stars project is the Meme Vault. This is key to the project and where all the staking takes place. At the moment holders of Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and Bonk will all be able to stake their tokens in the meme vault. The project has said more will be approved in the future.
Now, here comes the important part, just by holding $STARS tokens investors can get up to 3x times the rewards than they normally would by staking. Taking into account that the currency APY is 1171% this means there is a chance for huge gains.
We don’t think you should fully rely on what a project says about its own token if you are thinking of investing. However, the sheer amount of confidence that Crypto All-Stars seems to have in their token is inspiring to say the least. As they say on their presale site, they plan for global domination and believe that they are going to be the crypto project of the century.
Crypto All-Stars has a supply of 42 billion tokens, 20% of that total will be sold during its presale. Already over 620 million $STARS tokens have been staked by investors. The next 25% is for staking rewards, or and an additional 25% is for expanding the MemeVault ecosystem which shows the project is also thinking of the future. The last 10% will go towards future CEX/DEX listings.
So, as you can see this is a project that is very confident in their token and has a clear roadmap of where they will go in the future. The fact that the list of meme coins that can be staked in the Meme Vault keeps growing is also a promising sign that this project knows where it is going.
That brings an end to our review of the world’s first multi-token staking project. There is not much left to be said as we believe the potential of this meme coin speaks for itself. The next presale stage will begin very soon as it is just $200k away from hitting its next presale milestone. Investors should act fast to get the best possible price.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.