The meme coin market is surging higher today after suffering heavy losses since late July. Brett, Dogwifhat, and Floki Inu have been the biggest gainers—each is up 10% or more in the past 24 hours.
While it will take more than one day of gains for the meme sector to recover, today’s double-digit gains in many tokens are a strong indicator that the bear market could be at an end. Let’s take a closer look at the state of the meme coin market and where it could go next.
Top Memes Post Double-Digit Gains With More Room to Rise
The past 24 hours have been good for meme token holders, who haven’t had much to celebrate in recent weeks. Since yesterday, $BRETT is up 18.6%, $WIF is up 11.9%, and $FLOKI is up 10.1%.
On top of that, all of the top 10 meme coins are in the green over the past day. Many have erased their losses from the last 7 days of trading.
The current bullish movement could mark the end of the bear market that took hold around meme coins starting in late July. Since then, meme coins have shed roughly $13 billion in market cap, or more than 25% of their total value.
Importantly, the price gains today are accompanied by a massive increase in trading volume. $BRETT, for example, saw trading volume triple to $100 million in the past 24 hours. $WIF has seen a 70% increase in trading volume.
That suggests that traders could be flooding back into the meme coin market as they sense opportunity. Despite the past 24 hours of gains, most meme coins have a long way to go to reclaim the highs set in mid-July. $BRETT, for instance, could jump another 66% before running into strong resistance.
That said, traders should proceed cautiously. Some major meme coins, like $PEPE, continue to hover around key support levels. Today’s surge means that these levels haven’t broken, but they could be retested within a few days and may not survive another downturn.
Crypto All-Stars Raises $575K in ICO – Next Meme Coin to 10x?
The rising meme coin market is especially good for emerging tokens, which offer potentially bigger rewards for traders who pick winning projects. One of the biggest beneficiaries could be new meme coin Crypto All-Stars, which is designed to bring all the most popular meme coins together under one roof.
Crypto All-Stars flips the script of most new meme coins. Instead of pushing investors to ditch their current meme tokens for something new, it asks them to hold onto their coins for the long-term and earn $STARS rewards for helping build the Crypto All-Stars community.
Investors in a wide range of meme coins—including $DOGE, $SHIB, $PEPE, $FLOKI, and more—can stake their tokens in Crypto All-Stars’ MemeVault and earn staking rewards in Crypto All-Stars’ $STARS token.
The $STARS token is especially valuable in this system because investors who also stake $STARS can earn up to 3x higher APYs than investors who only stake major meme coins. In other words, investors need to keep a stash of $STARS tokens to maximize their earnings.
The Crypto All-Stars presale has attracted a lot of attention from meme coin investors, raising more than $575,000 in just over a week. As meme coin prices surge, the presale could start to sell out extremely quickly.
Crypto analysts have been especially bullish on Crypto All-Stars. Jacob ‘Crypto’ Bury, an analyst who specializes in predicting explosive new meme coins, suggested that $STARS could deliver a 10x return for early investors after it hits exchanges.
Even with prices on the rise, Crypto All-Stars could offer market-beating gains and a chance to earn even more crypto from the meme coins investors already own. Don’t miss this opportunity to lock in the lowest price for $STARS today.
