Meme coins are surging this week as part of a broader momentum shift across the crypto market that may finally bring August’s bearish conditions to an end. Tokens like $WIF and $FLOKI have posted double-digit gains in the past 24 hours, and more gains could be on the way.
Amid this bullish activity, one prominent crypto analyst is looking to the ICO market—and just made an explosive prediction for new meme coin Crypto All-Stars.
Let’s take a closer look at what’s happening in the meme coin market today.
Meme Coin Market Surges as Momentum Grows for Bull Market
The meme coin market is up 5.5% across the board over the past week, adding more than $2 billion in value. This week’s surge reverses a downtrend that began in late July and saw meme coins shed a whopping $18 billion in market cap.
This week’s bullish activity has been led by tokens like $FLOKI, $WIF, and $POPCAT, all of which have posted double-digit gains in the last 24 hours.
$FLOKI appears to be the biggest winner, gaining 12% in the past week and erasing a significant chunk of its losses from earlier in the month. Trading volume in $FLOKI is up 88% in the last 24 hours and has nearly tripled from a week ago.
This week’s reversal is a strong signal of bullish momentum in the meme coin market. The sentiment among traders appears to be that meme coins were oversold, making this the perfect opportunity to jump into the market.
It also helps that the US Federal Reserve appears to be on the brink of lowering interest rates. Reduced rates have historically encouraged a flood of money into higher-risk cryptocurrencies, including meme coins.
Still, the picture for meme traders isn’t entirely rosy. Many tokens, including $FLOKI, are down 30% or more from highs set in late July. It is likely to be a long road to recovery, and a negative catalyst could be enough to halt the upward move before a true bull market gets underway.
Jacob Bury Predicts 10x Gain for Crypto All-Stars as $STARS Presale Raises $650k
Amid the bullish conditions, crypto analyst Jacob Bury is making a bold prediction about new meme coin Crypto All-Stars. He believes its $STARS token could deliver a 10x return for early investors after launch.
Meme coin traders may want to heed Bury’s prediction because he’s been right many times before. Bury was among the first to see the potential in explosive meme coins like $TAMA, $WSM, and $SPONGE.
For Bury, Crypto All-Stars stands out because of its attraction to existing meme coin investors. Anyone who holds meme coins like $DOGE, $SHIB, $PEPE, $BRETT, and others can stake them in the Crypto All-Stars MemeVault and earn rewards in $STARS tokens.
It’s an innovative system that encourages meme coin investors to come together under one roof rather than sell their tokens to jump to a new project.
The project has raised nearly $650,000 in $STARS token sales during its ongoing ICO thanks in large part to the benefits associated with $STARS. Crypto All-Stars presale investors will get first access to the MemeVault and staking rewards. Plus, investors who stake $STARS alongside their other meme coins will qualify for up to 3x APY.
During the presale, Crypto All-Stars investors can start staking their $STARS ahead of the MemeVault launch. The project is currently offering 2,300% APY—an incredible opportunity for presale investors to fill their bags with $STARS.
Investors can buy $STARS now at a discounted price of only $0.0013966, but the next price increase is less than 24 hours away. This could be one of the biggest meme coins of the next bull cycle, so don’t miss this chance to get in early and be one of the first to earn MemeVault staking rewards.
