Crypto Market Downturn and the Rise of Crypto All-Stars
Bitcoin’s sudden drop below the $100,000 mark on December 19th marked the start of a market-wide downturn that saw the broader crypto market cap dip to as low as $3.13 trillion after hitting a new ATH of $3.79 trillion on December 17th.
Altcoins followed suit, and the meme coin space suffered some of the heaviest blows, dropping below $100 billion and having its top five tokens dip 10-30% over the week.
As panic selling bolstered the losses over the past 48 hours, presales like Crypto All-Stars (STARS) reflect investors’ confidence in the potential rebound of meme coins. Crypto All-Stars concluded its presale phase amidst the market-wide drop, which didn’t prevent it from raising over $2 million from December 19th to December 21st.
Although the presale is now closed, investors will still have a chance to add STARS to their portfolios once it hits the DEXs at 2 PM UTC on December 23rd.
Crypto All-Stars Seeks to Unite All Meme Coin Holders Under One Roof
One-quarter of the project’s total token supply is allocated to powering and the development of its crown jewel – the MemeVault. MemeVault will offer meme coin holders a unique opportunity to stake all their tokens on a single platform rather than relying on multiple solutions.
The staking protocol is built to support tokens from multiple chains and leverages the ERC-1155 multi-token standard to provide its users with a flexible and scalable solution for their meme tokens.
With the MemeVault, Crypto All-Stars also intends to reward its users by enabling them to passively earn STARS as they stake other tokens. According to the presale’s website, the MemeVault will support DOGE, PEPE, SHIB, FLOKI, MOG, and several other tokens from day one.
The Broader Crypto Market Could Stabilize Soon – Here’s What That Could Mean For STARS
Since the Personal Consumption Expenditures (PCE), which is the Federal Reserve’s (Fed) favorite measurement for inflation, increased by just 0.1% from October to November and was lower than expected at 2.8% year-over-year, the statistics point to inflation cooling.
That means the Fed may introduce less aggressive inflation policies on Friday when $6.6 trillion in financial contracts tied to stocks, ETFs, and indexes are set to expire. This could provide a favorable environment for risk assets like crypto, giving STARS a chance to explode as the markets stabilize.
Anticipating a “Santa Claus rally,” meme coin expert ClayBro believes Crypto All-Stars is positioned to make “fantastic gains.”
Several New Meme Coins Thrive Despite The Bearish Sentiment – Could STARS be Next?
Established meme tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB) are struggling to make gains and currently face 19.33% and 19.43% losses over the week, respectively.
The rest of the top five list is doing no better as meme coin traders sell off their assets anticipating a further decline. However, while the bearish market sees the leading coins fall, some of those who joined it recently are making gains.
STARS Could Repeat The Success of Pepe Unchained and Catslap Thanks to Best Wallet
Best Wallet, arguably one of the fastest-growing Web3 crypto wallets today, has listed STARS in its Upcoming Tokens hub, making it visible to over 100,000 of its monthly users.
Previously, the wallet boosted the visibility of Pepe Unchained (PEPU) and Catslap (SLAP), which made impressive gains in the first 48 hours after their DEX launch. PEPU went up by over 600%, while Catslap skyrocketed by over 5,700% two days after its Uniswap listing.
STARS Could be Set for Big Post Listing Gains
Since December 10th, STARS raised at least $1 million daily, and if that trend continues after it hits the DEXs, it could see a meteoric rise, as it’s designed to be held thanks to the MemeVault.
Although the presale ended, the project saw its community grow by another 3,000 since Friday, reaching 31,000+ followers across X (Twitter) and Telegram, which could indicate an increasing interest among those who haven’t joined the presale.
Conclusion
Crypto All-Stars has made significant progress in its presale phase, raising over $2 million despite the market downturn. With its innovative MemeVault and staking protocol, the project is poised to unite all meme coin holders under one roof, providing a unique opportunity for passive income and token staking.
FAQs
Q: What is Crypto All-Stars?
A: Crypto All-Stars is a new meme coin project that aims to unite all meme coin holders under one roof, providing a unique opportunity for passive income and token staking.
Q: What is the MemeVault?
A: The MemeVault is the crown jewel of Crypto All-Stars, a staking protocol that allows meme coin holders to stake all their tokens on a single platform, providing a flexible and scalable solution for their meme tokens.
Q: What is the presale of Crypto All-Stars?
A: The presale of Crypto All-Stars has ended, but investors will still have a chance to add STARS to their portfolios once it hits the DEXs at 2 PM UTC on December 23rd.
Q: What is the potential for STARS after its listing?
A: According to market experts, STARS could see significant gains after its listing, potentially repeating the success of Pepe Unchained and Catslap, which made impressive gains in the first 48 hours after their DEX launch.
Q: Is Crypto All-Stars a secure project?
A: Yes, Crypto All-Stars has undergone audits by Coinsult and SolidProof, ensuring that its smart contract has no errors in its code, making investor funds safe.
