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Cryptocurrency News Articles
PNUT Soars 20% on Coinbase News, Crypto All-Stars Emerges as a Presale Sensation, Raising $14 Million and Offering Meme Coin Staking
Dec 14, 2024 at 03:41 am
The meme coin market is buzzing again as Solana-based PNUT gained 20% following Coinbase's announcement to list the token on its platform.
The meme coin market is buzzing once again as Solana-based PNUT soared by 20% following Coinbase’s announcement to list the token on its platform. This latest rally comes after a viral social media story earlier this year involving the euthanization of a squirrel mascot named Peanut by the New York Department of Conservation led to the creation of PNUT.
The coin quickly gained popularity on platforms like Binance, and now, with its upcoming Coinbase listing, PNUT is set to continue its upward trajectory. Coinbase has been embracing meme coins with recent additions like MOG Coin and PEPE further highlighting the growing influence of the sector in the crypto space.
Meanwhile, another project is quietly building momentum. Crypto All-Stars ($STARS) is in the final stretch of its presale, having already raised an impressive $15.3 million, making it one of the biggest meme coin launches of the year.
But Crypto All-Stars isn’t just riding the meme coin wave — it's also innovating with a unique multi-chain staking ecosystem. At the heart of the project is its MemeVault protocol, which allows users to stake popular meme coins and earn rewards in $STARS tokens.
The platform currently supports staking for 12 of the most popular meme coins, including DOGE, SHIB, and PEPE, offering a generous 190% annual rewards rate. Investors can further boost their earnings by holding $STARS tokens, which increases staking rewards by up to threefold.
With only 6 days left in the presale, the window to purchase $STARS at $0.0016782 is closing fast. Here's a closer look at how Crypto All-Stars stands out from the crowd.
Crypto All-Stars is a fully-fledged ecosystem designed to enhance the utility and profitability of meme coin investments. Built on the ERC-1155 multi-token standard, the platform is efficient, secure, and capable of handling unlimited tokens.
The project's tokenomics are equally impressive, with a 42 billion $STARS total supply. Of this, 20% is allocated to the presale, 25% to staking rewards, and another 25% to expand the MemeVault ecosystem. The remaining 10% will be used for future listings on centralized and decentralized exchanges.
Staking plays a crucial role in Crypto All-Stars’ value proposition. By encouraging long-term holding, the platform reduces the circulating supply of $STARS, driving demand and supporting price growth.
3.8 billion $STARS have already been staked, representing nearly half of all tokens available during the presale. This shows the strong interest in the project and its staking program.
Now, let's compare PNUT and Crypto All-Stars and see how they fit into the broader meme coin landscape.
While PNUT’s recent success highlights the explosive potential of meme coins, Crypto All-Stars offers a more sustainable and utility-driven approach. PNUT’s value is driven largely by hype and viral moments, whereas $STARS is backed by a robust ecosystem that provides tangible benefits to its holders.
PNUT’s Coinbase listing is expected to fuel further price gains, but it also underscores the importance of being early in such projects. Similarly, Crypto All-Stars’ presale offers investors the chance to get in on the ground floor of what could be the next big name in meme coins.
Both coins have carved out unique niches within the market. PNUT appeals to those seeking short-term gains driven by viral popularity, while $STARS caters to long-term investors looking for passive income opportunities through its staking program.
The meme coin market continues to evolve, with projects like PNUT and Crypto All-Stars pushing the boundaries of what these tokens can achieve. PNUT’s recent rally shows the power of exchange listings to drive demand, while Crypto All-Stars’ presale success highlights the growing appetite for new meme coin ecosystems.
For investors, the choice between these two projects depends on their goals. PNUT offers immediate gains fueled by market hype, while Crypto All-Stars provides a more structured and utility-driven investment opportunity.
With PNUT already making waves on Coinbase and $STARS set to launch in just 6 days, now is the time to capitalize on the momentum in the meme coin market.
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