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Cryptocurrency News Articles

Crypto All-Stars ($STARS) Raises $3M in Presale as Meme Coins Surge Amid Trump's Victory

Nov 06, 2024 at 09:05 pm

The up-and-coming Crypto All-Stars project is launching at an opportune moment, with its meme coin staking platform, as meme coins have followed Bitcoin's lead

Crypto All-Stars ($STARS) Raises $3M in Presale as Meme Coins Surge Amid Trump's Victory

Crypto All-Stars ($STARS) has raised more than $3 million in its presale, coinciding with Bitcoin ($BTC) hitting an all-time high on Wednesday as Donald Trump regains the presidency.

The up-and-coming Crypto All-Stars project is launching at an opportune moment, with its meme coin staking platform, as meme coins have followed Bitcoin’s lead, collectively reaching a market value of over $68 billion.

Called MemeVault, the staking protocol allows top meme coins to be staked together for unified rewards. This gives investors the chance to earn not only capital gains from their meme coin holdings but also passive rewards.

But that’s not all. Crypto All-Stars’ native token, $STARS, is the key to maximizing those rewards once the staking protocol launches.

Currently, $STARS is available at a discounted presale price of $0.0015494 per token, but that price will soon rise to $0.0015556 in less than three days as the next round of funding begins.

Crypto Gets Its “Crypto President,” Triggering A Buying Frenzy

Donald Trump made a stunning political comeback on Wednesday, reclaiming the U.S. presidency with a decisive win that exceeded expectations and defied polling predictions.

Trump has clinched 270 electoral votes compared to Kamala Harris’ 213. He successfully regained the states he lost to Biden in 2020, winning over more young voters and gaining greater support from Black and Hispanic men.

Trump has officially hit 270. It’s over. Trump 47 pic.twitter.com/oDilLGenrJ

A second Trump presidency, however, could bring economic uncertainties, including the potential for tariff-driven trade wars and tax cuts that may favor high-income earners and corporations.

For the crypto community, though, the mood is markedly different. With Trump returning to office as the “self-proclaimed crypto president,” the market has surged. Bitcoin, in particular, saw a significant spike, hitting $75,000 on Wednesday, marking a fresh rally for the digital asset.

Bitcoin price today, BTC to USD live price, marketcap and chart | CoinMarketCap

This positive sentiment quickly moved toward the meme coin sector, where micro to small-cap tokens attracted fresh investor interest. PopCat ($POPCAT) jumped 16.53%, Mog Coin ($MOG) gained 10.05%, Floki ($FLOKI) rose 10.71%, and Bonk ($BONK) surged 14.95%. Even larger meme coins like Dogecoin ($DOGE) saw a solid 17.82% uptick.

This meme coin trading fervor was fueled by a dramatic 166% rise in overall trading volume, reaching $19.39 billion overnight.

But it’s not just the exchange listed tokens that benefited from the Trump-induced market momentum. Newer projects like Crypto All-Stars, which crossed the $3 million mark in its presale on Monday, also saw a surge, raising nearly $100,000 in just a few days.

MemeVault: The Meme Coin Profits Booster Nears Launch

Crypto All-Stars’ MemeVault is rapidly approaching launch, and when it does, it will provide a new avenue for top meme coins – like those mentioned earlier – to earn additional returns beyond just capital gains.

MemeVault simplifies the staking process by offering a single staking protocol. This allows investors to stake their meme coin holdings in one place rather than navigate through multiple protocols to earn passive income.

As highlighted, $STARS is the key to unlocking even greater rewards, with holders able to boost their returns up to three times simply by holding the token.

Indeed, $STARS not only maximizes the benefits of the Crypto All-Stars ecosystem but also boasts its own independent staking protocol, which many presale investors have already seized.

The $STARS staking protocol currently offers a 505% APY – doubling holdings in under three months.

With 1.4 billion $STARS tokens already staked, representing about 72% of the tokens purchased during the presale, it’s clear that investors are eagerly capitalizing on this opportunity to grow their holdings ahead of the MemeVault launch.

Crypto All-Stars Staking | Enter The MemeVault (cryptoallstars.io)

What’s Next For Meme Coins After Trump’s Victory?

Trump’s win could be the beginning of a new rally for crypto. Bitcoin’s new ATH might be just a taste of the potential gains that are about to come. And, of course, where Bitcoin goes, the rest of the market follows – often at twice the pace.

Meme coins, once dominated by just $DOGE back in 2017, have multiplied in number, with investor Murad Mahmudov predicting the rise

News source:insidebitcoins.com

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Other articles published on Nov 07, 2024