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Crypto prices are soaring, with Bitcoin over $63,000, as the new token Crypto All-Stars raises over $2 million in its presale to build a unified staking hub for memecoins.
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Crypto prices are surging this Monday; Bitcoin has crossed $63,000, while memecoins like Pepe and Dogwifhat are seeing double-digit gains.
A new token called Crypto All-Stars (STARS) is also benefiting, having just crossed the $2 million raised mark in its ongoing presale.
Investors are piling in due to the project’s use case, which aims to create a staking hub for every top memecoin.
Indeed, expectations are high – but can Crypto All-Stars live up to them?
Analyst speculates STARS will 100x in price
Although it’s newly launched, there’s a lot of chatter about Crypto All-Stars’ potential.
Numerous top industry voices have already taken note, with Cilinix Crypto recently saying it “has potential” for gains.
The analyst highlighted that Crypto All-Stars is not a memecoin but a meme coin-related utility project.
This unique juncture benefits from the viral allure of memecoins while simultaneously attracting more conservative investors who would not normally invest in the sector.
Other analysts have also backed the project. For instance, Umar Khan from 99Bitcoins recently said it can 100x.
But it’s not just analysts who are interested – investors are also flooding in.
Alongside its $2 million raised, Crypto All-Stars has been gaining ground on social media.
Over 13,500 people have joined its X, while another 2,900 have joined its Telegram account.
There’s clearly a lot of interest in the project, but what’s it all about?
The world’s first unified staking protocol for memecoins
Imagine there was an app that gave users free crypto for holding the world’s biggest memecoins.
That’s precisely what Crypto All-Stars is creating.
They’re building something called “MemeVault,” a unified staking layer for 11 top joke tokens, including Dogecoin, Shiba Inu, and Pepe.
Users who stake their tokens will earn passive STARS rewards.
But where does the demand for STARS come from?
That’s where it gets interesting.
STARS is MemeVault’s native utility token. It’s required to access the app, and the staking APY is directly tied to how much users hold.
This means holders of all the top memecoins are incentivized to buy large amounts of STARS to maximize their rewards.
The memecoin sector is worth over $50 billion, so this setup could enable massive growth.
And that’s not all. Users can also stake their STARS tokens to generate more rewards.
This may be particularly appealing to investors who do not hold memecoins but see value in the STARS token as an infrastructure play serving the sector.
These people could purchase STARS as an investment and then stake it for further rewards.
Memecoin prices skyrocket on crypto recovery, more liquidity for STARS
The crypto market is recovering from last week’s crash following military escalations in the Middle East.
But as prices climb, memecoins are heading the way.
From the largest 100 cryptocurrencies by market cap, the three top performers today are memecoins: Popcat, Dogwifhat, and Mog Coin.
Meanwhile, market leaders Dogecoin, Shiba Inu, and Pepe are also climbing.
As memecoin prices rise, it creates abundant liquidity, which investors can use to grow their portfolios.
The STARS token looks primed to capture some of this liquidity, given its pivotal position in the world’s first unified memecoin staking app.
Investors who participate in the Crypto All-Stars presale today will secure a discounted rate.
It’s currently available at $0.0014828, but this will increase throughout the campaign. The next uptick will occur later today.
To buy STARS, users can simply visit the project’s website, connect their wallet, and choose the amount of STARS they want to buy and the crypto they want to pay with.
The presale accepts ETH, BNB, FLOKI, SHIB, DOGE, PEPE, and USDT payments.
To learn more, visit the Crypto All-Stars presale.
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This article first appeared at crypto.news
