The presale phase of Crypto All-Stars has concluded after raising over $26 million: Tomorrow, at 2 PM UTC, the token will see its first DEX listing on Uniswap, and those who purchased it during the presale will be able to claim their tokens.
This news comes amidst turmoil in the broader crypto market, which abruptly lost over $0.4 trillion over the week, with Bitcoin (BTC) dropping from its new ATH of $108,268 to the $96,000 range.
The market-wide downturn has also affected altcoins, with only a few tokens making gains as a red trend engulfs most crypto token sectors, including the meme coin market, which now stands at $95 billion after it entered December valued at over $126 billion.
Although the past week saw the leading meme coins drop by 11-30%, Crypto All-Stars has only gained momentum during the past few days. That, and the market’s potential to stabilize this week, could help STARS explode on launch.
Fed-Favorite Inflation Measure Indicates a Cooling-Off Period – What Does This Mean For Crypto?
Risk assets like crypto may see a favorable environment emerge after December 27th, when over $6.6 trillion in financial contracts tied to indexes, stocks, and ETFs are set to expire. The bullish sentiment for cryptocurrencies arises from statistics that point to inflation cooling, which could lead to less aggressive inflation policies by the Federal Reserve (Fed).
With the Personal Consumption Expenditures (PCE) recording a rise of just 0.1% from October to November, the Fed is unlikely to introduce significant interest raises, which is good news for financial markets, including crypto. Additionally, year-over-year inflation remained steady at 2.8%, which may also reduce the pressure on the Fed to raise interest rates aggressively.
ClayBro, a crypto analyst with more than 134,000 subscribers on YouTube, believes STARS is ready to enter the market at a perfect moment.
Anticipating a “Santa Claus rally,” the expert expects STARS to soar by 2-10x right after it launches on DEXs.
He also sees the project’s innovative MemeVault staking protocol as a feature that will help drive its price once it establishes itself in the meme coin space and advises his audience to start accumulating STARS once it launches if they’ve missed the presale.
Recently-Released Meme Coins Defy Market-Wide Downturn
With the Volmex Implied Volatility indicator for Bitcoin and Ethereum standing at 62.09 and 79.60, respectively, the market could experience notable price fluctuations in the short term. As meme coins are more volatile by nature, it’s no wonder the past week affected their prices more sharply.
The leading meme coins, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), are down by 19.93%, 20.20%, and 23.38%, respectively, and most other leading meme coins have joined them with double-digit losses.
While established meme coins currently struggle to exit the red trend, several new entries to the market had no issues growing over the week, which reflects the interest of meme coin investors in tokens yet to realize their potential, such as STARS.
For example, Cheems (CHEEMS), which entered the market in late September and takes inspiration from DOGE’s mascot, has soared by 32.97% over the past seven days.
Additionally, Fartcoin (FARTCOIN) managed to climb into the top ten list by overtaking Popcat (POPCAT) with a 21.19% increase.
Best Wallet May be Behind STARS’ Impressive Momentum – Can it Also Soar by Over 600%?
As a project that’s featured in Best Wallet’s “Upcoming Tokens” hub, Crypto All-Stars has been two taps away from being added to the wallets of the app’s 100,000+ monthly users.
The fastest-growing decentralized crypto wallet has previously featured Pepe Unchained (PEPU) and Catslap (SLAP), two projects that saw their prices skyrocket by over 600% and 5,700%, respectively, once they launched.
Although the STARS presale ended, the token is still visible on Best Wallet, and the project’s follower count is only increasing on X (Twitter) and Telegram, with 3,000 new subscribers in the past 48 hours.
If the token keeps the momentum post-launch, its price could explode and help it replicate the success of PEPU and SLAP.
STARS is Designed to be Held Thanks to the MemeVault
Although a meme token first, STARS will have a central role in the MemeVault, Crypto All-Stars’ upcoming cross-chain, multi-token staking protocol, which seeks to unite all meme coin holders under one roof.
MemeVault’s users will be able to stake their meme tokens regardless of their chain, and the project’s developers have already revealed that the protocol will support DOGE, PEPE, SHIB, FLOKI, and seven other meme tokens as soon as it launches.
Those staking their meme tokens using MemeVault will also earn passive rewards in the form of STARS. The platform will offer scalable rewards, meaning those who hold STARS get greater returns, creating a beneficial cycle for its holders and ecosystem.
The MemeVault may bring increasing attention to the project, especially since its developers intend to add support for other meme tokens in the future.
As MemeVault’s user count grows, STARS could face scarcity in the market, which would positively reflect on its price and offer impressive returns to its early holders, including those who joined the presale and tomorrow’s early buyers.
STARS Holders Can Start Maximizing Their Investment Now
Those who acquired STARS during the presale can still stake their tokens to ensure they get the best rewards from the MemeVault once it is released. Currently, the project offers a 137% staking APY, with more than 5.3 billion STARS already locked.
Investors who missed the opportunity to enter on the ground floor will still have a likely short window to add STARS to their portfolios at a low price tomorrow once the token launches at 2 PM UTC.
Security isn’t a concern either, according to audits by two security firms, Coinsult and SolidProof, which found no threats to investor funds.
Additionally, 10% of the total token supply is reserved for liquidity, fostering a safer trading environment and reducing the risk of a rug pull.
Although the market’s volatility leaves no room for guarantees, Crypto All-Stars’ innovative approach to the meme coin space and successful presale may be all it takes for it to explode on launch.
