Meme Coin Staking App ‘Crypto All-Stars’ Raises $2.5M as Meme Coin Prices Rise Before US Election
It’s a golden era for meme coins, and investors are taking outsized bets on new token Crypto All-Stars ($STARS).
The project is undergoing a presale where it’s raising funds to build the world’s first unified meme coin staking app.
It has just crossed the $2.5 million total raised mark, a significant milestone that reflects investors’ interest. This is happening just two weeks before the 2024 US Election, which could be a major catalyst for meme coin growth.
MemeVault: the app that provides staking utility to DOGE, SHIB, PEPE, FLOKI, BONK
Crypto All-Stars is bringing utility to the meme coin sector.
Through its forthcoming “MemeVault,” users will be able to stake eleven of the top meme coins and generate passive $STARS rewards.
It’s a setup that could change how traders interact with meme coins.
Now, people are incentivized to hold them long-term, which could reduce downside volatility, making the sector more appealing to cautious investors.
Should Crypto All-Stars succeed in this regard, it would inherently bolster the $STARS price. That’s because MemeVault users must hold $STARS to access the app, and the more they hold, the more they can earn.
Also, users can stake their $STARS tokens for more rewards. $STARS staking is live and offers a 592% APY, but this will decrease over time.
This has drawn significant interest, with analyst ClayBro noting the project shows a “huge demand surge.”
ClayBro also nodded to the wider bullish outlook for meme coins, which he believes could positively impact the $STARS price.
If Trump wins the election, what could this mean for $STARS?
Strap in because we’re going down a rabbit hole.
The 2024 US Election is just two weeks away, and it’s the largest political event in years.
While this undoubtedly impacts all financial markets, its effect on meme coins could be disproportionately high.
In a rational world, meme coins would be a non-issue in a presidential election—never mind in the United States.
But on this abstract timeline, they could be about to rally.
Donald Trump has said he’ll appoint Elon Musk to his cabinet if he wins. Musk will lead a new commission called the “Department of Government Efficiency” – or D.O.G.E for short.
That’s right. Musk’s designated commission would have a matching acronym to Dogecoin, the meme coin he helped pump to an $80 billion market cap in 2021.
Maybe Musk’s theory that we live in a simulation is right, after all.
And we should also mention that Donald Trump is ahead in the polls, so Musk could well be on his way to leading D.O.G.E.
The billionaire business mogul tweeted about D.O.G.E this week, and it caused the Dogecoin price to rally over 10%.
Should Trump win the election, we’ll likely see significant Dogecoin gains as investors front-run Musk’s new position.
And as Dogecoin rises, it lays the way for lower market cap meme coins also to soar.
However, Crypto All-Stars is unique as the only place where holders can stake Dogecoin and other meme coins. And to do so, they must hold $STARS.
Therefore, it stands for major capital inflows.
Right now, investors can capitalize by purchasing $STARS at presale for a fixed and discounted price.
It’s currently available for $0.0015127, but this will rise throughout the ICO, with the next increase in one day.
The presale accepts ETH, USDT, BNB, FLOKI, SHIB, PEPE, DOGE, and bank card payments.
Follow the project’s X or join its Telegram to stay updated. Alternatively, visit its website to buy and stake tokens.
Visit Crypto All-Stars Presale