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Crypto All-Stars kicks off its presale with a bang, raising $1.3 million for its new MemeVault staking protocol that promises passive rewards for memecoin enthusiasts.
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The recently launched Crypto All-Stars (STARS) is off to a flying start, having successfully raised $1.3 million at presale.
The project is building the first unified staking protocol for memecoins, called the ‘MemeVault.’ This will allow users to stake any top memecoin and generate passive STARS rewards.
Crypto All-Stars’ presale is ongoing, providing investors with an opportunity to buy at a fixed and discounted rate while contributing to the project’s development.
As a community-funded project, Crypto All-Stars ticks all the boxes of a democratic and fair memecoin.
Smart money traders bet on utility memecoins like STARS
Every day, hundreds of new memecoins enter the market, making it near-impossible for investors to gain a trading edge. In response, smart money traders are rotating to utility-rooted memecoins like Crypto All-Stars.
While encapsulating the light-hearted spirit of Dogecoin, Shiba Inu, Pepe, and eight other tokens it’ll support, the native STARS token has inherent utility, which could drive organic and sustainable demand.
ClayBro, a trader with over 130k YouTube subscribers, hails Crypto All-Stars for raising funds even while the crypto market is experiencing “overall volatility” and fear.
The analyst thinks STARS could 10x in value after its presale.
What’s all the hype about? As mentioned, Crypto All-Stars is creating an industry-first “MemeVault.” This means that users can stake 11 top memecoins and generate passive STARS rewards.
They must hold STARS to gain access, which places its demand in line with the platform’s popularity.
This use case is attracting much attention because there are many wealthy memecoin holders in the major communities, and now they’re economically incentivized to buy STARS.
In addition to this utility-driven demand, we could well see speculators bid on STARS as a ‘memecoin index,’ which offers indirect exposure to all its underlying assets.
The MemeVault has yet to launch, but the project’s native staking is live. It currently provides a whopping 1,100% APY, although this will decrease over time.
Q4 averages 86% return for BTC, memecoin season expected
According to data from Coinglass, Bitcoin has averaged an 86% growth rate in Q4 since 2013. This makes it the best-performing quarter for Bitcoin, which is the pace-setter for altcoins.
As such, expectations are high for the crypto market, with many traders anticipating that the next leg of the bull run is almost here.
But during bullish periods, meme coins often perform best, as evidenced by Q1 of 2024.
The quarter was significantly bullish for crypto, but memecoins provided the biggest returns with an average 1,313% profit, according to CoinGecko data.
Based on historical data, Crypto All-Stars’ market debut has come at the perfect time. And with the presale ongoing, there’s no better opportunity for investors to gain exposure.
Crypto All-Stars presale offers promising opportunity
The STARS presale is available at a discount – but it’s first come, first served. It is currently priced at $0.0014477, but this is expected to rise throughout the campaign, with the next increase in two days.
Investing in early-stage memecoins comes with risk. That’s why Crypto All-Stars has undergone two external audits from Coinsult and Solid Proof.
Both audits returned clean, and found no issues with the project’s code. This signals that STARS is safe and secure.c
With over $1.3 million raised, traders are willing to invest a lot of money in the Crypto All-Stars presale. Coupled with its use case, analyst support, and smart contract audits, this hints at a bright future.
Follow Crypto All-Stars on X or join its Telegram for the latest updates. Alternatively, visit its website to buy and stake tokens.
To learn more, visit the crypto All-Stars presale.
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This article first appeared at crypto.news
