Dogecoin is nearing the $0.50 barrier with an 18% pump in the past 24 hours.
This reinforces optimism in the meme coin sector, and traders are betting on Crypto All-Stars as a lucrative Dogecoin beta investment.
Dogecoin Hits 3.5-Year High
There have only been 16 days in Dogecoin’s history when it traded higher than its price right now.
And not only that, DOGE is just seven days away from a record-breaking monthly close.
Until now, the highest-ever monthly close is $0.33.
Right now it’s trading at $0.46 and continues to show strength as Bitcoin finds its footing just below $100K.
DOGE is up 19% today, 22% this week, and 236% this month. Given its already hefty market cap, its monthly performance is really incredible.
This month, Dogecoin’s valuation has increased by $48 billion – that’s more than the combined market cap of all AI cryptocurrencies.
DOGE Rally Turns TradFi Heads
Currently, Dogecoin is worth $68 billion. And unsurprisingly, that’s raising a lot of eyebrows.
Even through-and-through traditional finance (TradFi) players are taking notice.
TradFi X news account Barchart, which has over 240K followers, recently posted a tweet observing that Dogecoin’s rally has catapulted it to a larger market cap than many esteemed listings on the US stock market.
Meanwhile, senior Bloomberg ETF Analyst Eric Balchunas recently gave a date for when he expects issuers to file for Dogecoin exchange-traded funds (ETFs).
With controversial Securities and Exchange Commission (SEC) chair Gary Gensler announcing he’ll depart the agency in January, the likelihood of new altcoin ETFs has risen this week.
And given the market’s continued appetite for meme coins and Dogecoin’s considerable strength, DOGE could well be on its way to a stock market debut in 2025.
Trader Predicts Alt Season Incoming
As Dogecoin rallies toward its highest-ever price, Bitcoin is already in price discovery and about to cross the $100K line.
Prominent meme coin analyst Ansem suggests that Bitcoin’s break beyond $100K will spark a “poetic” altcoin season.
Remnants of this are already seen in the Dogecoin price, alongside other large-cap cryptos such as XRP and ADA, which have surged 59% and 51% this week.
However, analysts are betting on Crypto All-Stars, which could be the strongest Dogecoin beta play. The project is currently undergoing a presale, meaning investors can buy at the best possible price.
Stake DOGE, SHIB, PEPE With ‘Crypto All-Stars’ – Presale Raises $5.2M
The Dogecoin price has 3x’d this month – imagine earning compound interest on those gains.
Crypto All-Stars is offering this opportunity with its flagship MemeVault platform, the world’s first unified meme coin staking app.
Users can lock up their Dogecoin, Shiba Inu, Pepe, Bonk, and more in exchange for passive $STARS rewards. They can also stake their $STARS for even more growth.
https://twitter.com/all_stars_coin/status/1822245802363830716
Right now, the staking APY is 361%, but this will decrease as the staking pool grows.
However, investors can earn up to triple the staking rewards by holding more of the $STARS token. This creates a unique dynamic where communities of all the top meme coins are economically incentivized to accumulate the same token.
$STARS could be a beta play on the whole meme coin sector.
So it’s no surprise the presale is off to an explosive start. It has already raised over $5.2 million, showing massive demand.
But top analysts are saying the momentum is just beginning.
ClayBro says participating in the project lets users “take full advantage of the meme coin supercycle.”
However, he implored investors that time is of the essence.
The presale will end in 27 days, and then $STARS will be listed on exchanges.
