The Crypto All-Stars ($STARS) presale has just hit the $3 million raised mark.
But while the community celebrates, one forward-looking analyst believes the party is just getting started.
The meme coin staking app that unlocks utility for Dogecoin
For all its benefits of fun, community, and even backing of the world’s richest man, Elon Musk, Dogecoin lacks one thing: utility.
It’s not just Dogecoin – most meme coin prices are driven by sentiment, not intrinsic value.
Yet Crypto All-Stars is turning these joke tokens into serious yield-generating assets.
But let’s take a step back.
The crypto market has changed in 2024. The meme coin narrative has evolved.
No longer are meme coins investments in animal images – they’re investments in cohorts of people driven by a collective vision.
Under this new narrative, the meme coin sector bull case becomes a lot clearer.
Animal pictures are useless. People make things happen.
Crypto All-Stars is one of the first examples of communities making things happen in the meme coin space.
Through a public token sale, Crypto All-Stars is raising funds to build a unified staking app powered by Ethereum’s ERC-1155 multi-token standard.
This means it can support any meme coin from any blockchain.
It’ll start with 11 of the most popular projects. Indeed, Dogecoin is one. Others include Shiba Inu, Pepe, Bonk, and Mog Coin.
Users deposit their meme coins into Crypto All-Stars’ “MemeVault,” and they’ll earn $STARS rewards in return.
But here’s the kicker: they must hold $STARS to access the platform, and their returns are proportional to how much they have.
Want the highest return on your DOGE, SHIB, or PEPE? Then you better start accumulating Crypto All-Stars now.
It’s a setup that leaves holders of all the top meme coins competing for the same token, which could generate significant demand.
Moreover, the Crypto All-Stars website notes that it will add support for more meme coins later.
As meme coins are added, new hordes of users will be interested in $STARS, providing even more token demand.
If this happens, then Crypto All-Stars will explode
Crypto expert ClayBro said November could be “the largest cryptocurrency catalyst that we have ever seen.”
He was talking about the prospect of Donald Trump being elected president, a candidate who he says is “welcoming the cryptocurrency industry with open arms.”
Moreover, ClayBro nods to the anticipated interest rate cut, which the Federal Reserve is expected to implement two days after the election date (7 November).
He suggests that the collision of these two catalysts could generate an unprecedented meme coin season, allowing new projects like Crypto All-Stars to explode in price.
Stake $STARS tokens to maximize presale potential
The Crypto All-Stars presale offers a unique opportunity to buy $STARS at a fixed and discounted rate.
The presale price is currently $0.0015432, but this will rise throughout the ICO.
And amid the presale, investors can also capitalize by staking their $STARS tokens.
Currently, $STARS staking offers a 517% APY, but this will fall as the staking pool gets bigger.
With Crypto All-Stars’ innovative use case and the market’s bullish outlook for November, it’s no wonder the project is generating significant demand.
Can $STARS explode like ClayBro hopes? That remains to be seen.
But one thing is for sure – this is a project to watch closely in November and beyond.
Follow Crypto All-Stars on X or join its Telegram for updates. Alternatively, visit its website to buy and stake tokens.
