A leading analyst is looking ahead to major gains for the new utility meme coin, Crypto All-Stars.
The project is currently in its presale stage and raising funds to build the first unified staking platform for meme coins.
This concept is gaining a lot of traction, with the Crypto All-Stars ($STARS) presale raising over $1.2 million so far.
Jacob Bury predicts “Huge Potential” for meme coins, says Crypto All-Stars can set pace
If you look back a few months, meme coin prices were much higher. However, the market is currently at an inflection point, with momentum expected to flip bullish.
“When chaos hits the market, opportunity arises. Right now, there’s a big opportunity on blue chips meme coins,” said Jacob Bury.
“The meme coin narrative is still huge, and if you pick right, you can get 10-100x gains,” he continued.
Bury then pointed to Crypto All-Stars as a potential winner on the next leg up, underscoring it brings together meme coin holders from all the top communities under a single umbrella.
In the video title, he led by calling Crypto All-Stars a “New 10x potential meme coin.”
The analyst spotlighted the project’s centerpiece utility called “MemeVault,” which allows users to stake any meme coin on any blockchain.
More than a meme coin: $STARS utility could garner significant demand
The $STARS token is a unifier in the otherwise fragmented and sometimes tribalistic meme coin sector.
No matter their blockchain, meme coin holders can stake their joke tokens in Crypto All-Stars’ MemeVault.
But to do so, they must hold $STARS, and they’ll earn bigger rewards by holding more.
Holders of all the top meme coins are now economically incentivized to get into $STARS. With the meme coin market worth $40 billion, this could create substantial capital inflows.
According to its website, MemeVault will start by supporting 11 tokens: Dogecoin, Shiba Inu, Pepe, Floki, Brett, Mog Coin, Milady, Turbo Token, Toshi The Cat, Coq Inu, and Bonk Coin.
It also says, “More coins will be added in the future, but these will be available on day one.” Per its roadmap, the MemeVault will launch after the $STARS presale concludes.
However, those wishing to generate $STARS now can do so through the project’s native staking mechanism, which launched in tandem with the presale.
Currently, $STARS staking provides a 1,218% APY. This will decrease as the staking pool grows, so those seeking the biggest returns should not wait around.
Crypto rally expected on rate cuts and Q4 historical performance, good news for $STARS
Cryptocurrency prices have plummeted since the end of Q1 of 2024. However, after months of downtime, the market is expected to see some relief.
Q4 is usually a bullish quarter for crypto – and it kicks off in 20 days.
Furthermore, an interest rate cut of 25 basis points is expected in its next Federal Open Markets Committee (FOMC) meeting, taking place in five days.
CPI figures were released on Wednesday, revealing that inflation had cooled since July and is currently at 2.5% year over year.
This is a healthy sign for the market, opening the forthcoming rate cut to positively impact crypto prices.
#Bitcoin held the lows, locked in a 3-day bullish divergence.
Interest rate decision next week (likely cut), and Q4 less than 3 weeks away.
Pretty sure the fun will resume soon. pic.twitter.com/S5lbKvXe2l
— Jelle (@CryptoJelleNL) September 12, 2024
In bullish periods, meme coins often catch the biggest wave. And with $STARS positioned as a “must-have” for MemeVault access, this could cultivate a lot of demand.
By investing today, presale contributors can secure the best price.
It’s currently available at $0.0014362, but the price will rise as the campaign advances. The next increase will be in one day.
Crypto All-Stars has received smart contract audits from Coinsult and Solid Proof, which found no issues with its code. This attests to the project’s robust security and transparency.
Investors can follow Crypto All-Stars on X or join its Telegram for the latest developments. Alternatively, they can visit its website to get and stake tokens.
Visit Crypto All-Stars Presale
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