Meme coins are rising to start the week, ending a stretch of bearish price activity that has plagued the market for days.
In the past 24 hours, the meme coin market has added nearly $1.5 billion in market cap. Dogecoin has led the way among major meme coins with a 2.22% gain, but $PEPE and $SHIB aren’t far behind.
The meme coin surge has also been good for up-and-coming tokens like Crypto All-Stars, which has seen a surge in token sales on its presale site.
Let’s take a closer look at what’s happening in the meme coin market this week.
Meme Coin Reversal Erases Losses as Bullish Patterns Form
While the gains of the past 24 hours aren’t overly dramatic, they are important for turning the tide in the meme coin market.
Over the past week—before today’s reversal—$DOGE was down more than 2.5% and $PEPE was down more than 9%. The market as a whole had lost more than $2 billion in value.
Now, $DOGE has nearly erased its 7-day losses and $PEPE has given long-term holders some much-needed relief. Trading volume in both tokens is up today as well, with more than $487 million in $DOGE tokens trading hands in the past 24 hours.
Perhaps most important, today’s turnaround appears to be setting the stage for a more significant uptrend in the next couple weeks.
One crypto analyst, @TATrader_Alan on X, noted that $DOGE forms an inverse head and shoulders chart pattern during each mega-cycle—going all the way back to 2014.
The token is now at the rightmost shoulder of the pattern, with today’s reversal potentially indicating that the shoulder is leveling off. Based on that, it’s possible that $DOGE could be setting up for a gain of 2x or more in the 4th quarter—historically very strong months for the crypto market.
While the move in $PEPE doesn’t appear to be part of a larger technical pattern, it’s important to keep in mind Dogecoin’s power to move the entire meme coin market. If $DOGE heads for the moon, expect other major meme coins like $SHIB, $PEPE, and $FLOKI to follow closely behind.
Crypto All-Stars Raises $1.1M as Hype Builds for Meme Coin Staking Platform
Investors looking to cash in on the next explosive move in meme coin prices will need a big stockpile of tokens at the ready.
That’s where Crypto All-Stars, a new meme coin project that offers staking rewards on $DOGE, $SHIB, $PEPE, and more, can help.
This new meme coin project has earned a ton of attention in recent weeks, raising more than $1.17 million in $STARS token sales ahead of its upcoming launch.
What makes Crypto All-Stars so exciting is that any investors in major meme coins can stake their tokens and earn $STARS in return. So, if you own $DOGE, you can stake it in the Crypto All-Stars Meme Vault and earn $STARS as passive income with no strings attached.
The Meme Vault is fully secure—Crypto All-Stars has undergone audits by Coinsult and SolidProof—and investors can withdraw their tokens at any time, So, it’s an attractive way to build your meme coin stash.
Investors who buy $STARS and stake it alongside their other meme coins earn 3x returns. That’s created a frenzy of demand for $STARS during the Crypto All-Stars presale, and is likely to drive the token’s price higher after launch.
In fact, prominent crypto analysts are already lining up behind $STARS. Jacob Bury, an analyst who specializes in finding high potential new meme coins, called Crypto All-Stars the next project to 10x.
Right now, meme coin investors can buy $STARS at a discounted price of only $0.0014305 and be among the first to get access to the Meme Vault when it opens.
There’s no time to wait, though—the next price increase in the Crypto All-Stars presale is just a few hours away. Don’t miss this chance to stake your meme coins and be ready for the next bullish mega-cycle this fall.
