Crypto All-Stars’ ($STARS) presale has surpassed $2 million in capital raised, fuelled by a bullish 24 hours for the meme coin sector.
The new meme coin project zoomed past the $1.6 million milestone just a week ago and has since raked in another $400,000 from investors eager for the launch of its staking protocol that lets them stake all their favorite meme coins together.
Called “MemeVault,” the first-of-its-kind unified staking platform promises substantial passive income returns, allowing investors to enjoy rewards beyond recent capital gains – all without the hassle of navigating multiple staking protocols.
Investors who have collectively contributed to Crypto All-Stars’ funding milestone appreciate this convenience and see a future where meme coins intertwine seamlessly with the fabric of Web3.
Currently, $STARS is available at its presale price of just $0.0014828. However, there’s a two-day window to purchase it at this price, after which the token will be valued at $0.0014887 as the next round of funding begins.
The meme coin sector has notched gains in the past 24 hours. Is Moo Deng a likely catalyst?
Meme coins have performed strongly in the past 24 hours, rounding up to a market capitalization of $46.06 billion after dipping to $43.71 billion on Friday.
One of the top performers among meme coins on Saturday is DogWifHat ($WIF), which gained 12%, followed by Toshi ($TOSHI) with a 10% increase and Mog Coin ($MOG) with a 7.95% spike.
Source: CoinMarketCap
These gains are certainly welcome for the sector, which aims to move past a week hampered by rising geopolitical tensions in the Middle East, posting strong gains ahead of next week.
No specific catalyst can be pinpointed as the trigger for Saturday’s rally. However, Moo Deng ($MOODENG), a breakout coin from September, has been making headlines lately, with reports of a trader making off with $7.5 million from an $800 investment in this token.
Moo Deng, inspired by the eponymous energetic pygmy hippopotamus from Thailand, has gained online fame recently and may have contributed to Saturday’s rally with a 30% surge and $500 million in trading volume on Friday.
But more importantly, $MOODENG is a refreshing new entrant in the meme coin sector, signaling that the market still has an appetite for meme coins beyond the sea of Shiba Inu copycats.
Of course it’s not just $MOODENG that has captivated the crypto sphere lately. As mentioned, Crypto All-Stars has been gaining traction since its debut just over a month ago for its new utility for meme coins, potentially allowing meme coins like $MOODENG to be staked on its upcoming MemeVault protocol.
What if Crypto All-$STARS does a $MOODENG?
With the funds raised, Crypto All-Stars is clearly a micro-cap meme coin attracting the attention of early-stage investors.
When MemeVault launches, it will highlight the value of $STARS even more, as it is the only native token that maximizes staking rewards within the Crypto All-Stars ecosystem.
While users can stake other meme coins like PepeCoin ($PEPECOIN), Dogecoin ($DOGE), Brett ($BRETT) on MemeVault, simply holding $STARS provides investors with an additional push to triple staking rewards.
This makes it evident that $STARS is for long-term holding, encouraging most investors to keep their tokens rather than sell, as they can earn more from their meme coin investments over time.
As a result, people have already staked nearly a billion $STARS tokens in its independent staking protocol, earning an impressive 746% APY and reflecting investors’ confidence in its long-term prospects.
If $STARS follows in the footsteps of $MOODENG, early contributors stand to gain significantly, much like those who bought $MOODENG when it had a market cap of less than $20 million – it’s now at $158 million, marking an 8x growth in just one month.
Early investors could even replicate the incredible feat of turning $800 into $7.6 million by loading up on $STARS now while it’s still at a discount.
Last Meme Standing – an additional 5,000% staking rewards?
Last week, Crypto All-Stars unveiled “Last Meme Standing,” a new competition promising a whopping 5,000% staking reward.
While the team hasn’t divulged details, this could be another exciting opportunity for investors to achieve significant returns within the Crypto All-Stars ecosystem.
If you haven’t yet joined the $2 million milestone, it’s not too late.
The next big target is $2.5 million.
To buy $STARS at a fantastic discount, visit the Crypto All-Stars website, connect your wallet (like Best Wallet), and exchange ETH, USDT, or BNB for $STARS. The site also offers a secure and user-friendly widget for bank card payments.
Coinsult and SolidProof have fully audited Crypto All-Stars’ smart contract, and found no issues in the integrity of its code.
Join the Crypto All-Stars community on Telegram or X.
The post Meme Coins Gain 4.63% in 24 Hours as Crypto All-Stars Reaches $2M Funding Milestone appeared first on Cryptonews.
