Fed Chair Jerome Powell’s dovish Jackson Hole address could have started a crypto bull run, once again led by meme coins.
Pepe and Dogwifhat prices are up double digits since Powell’s address, while Floki and Bonk are also showing substantial bullish strength.
Experts remain convinced that meme coins will outperform most other assets classes during this cycle. Even new meme tokens are in high demand, owing to their low market capitalization and high upside potential.
For instance, Crypto All-Stars has raised over $700k in presale investments and could be one of the next meme coins to explode. Some analysts project that low-cap gems such as STARS could offer up to 100x returns.
Pepe, WIF Lead Meme Coin Rally – How High Can They Go?
The US stock and crypto markets are poised to see a massive influx of new capital, owing to the Federal Reserve’s quantitative easing starting in September.
Fed Chair Jerome Powell announced as much in his Jackson Hole address on Friday when he admitted that the central bank’s monetary policy needed to adjust. The Fed is no longer seeking or will welcome further cooling of the labour market, considering that inflation levels are on the course to hit the targeted 2%.
With the markets now pricing in 100 basis points of quantitative easing, it is no surprise that equities and crypto prices are seeing a sharp bounce.
Meme coins have outperformed every crypto asset class and there is no reason why this trend will change. For instance, the Pepe price is up by over 12% over the past day, trading as high as $0.0000092.
Notably, the Pepe volume has nearly doubled in the past 24 hours, indicating a strong likelihood of a bullish continuation.
Indeed, experts believe that the Pepe coin bull rally is just getting started. For instance, one of the top Bybit traders Bluntz (@Bluntz_Capital) highlights that PEPE’s price chart closely resembles Bitcoin’s at its cycle lows of $16k.
However, the bulls still have their work cut out for them. The meme coin is trading within a Triangle pattern and needs to breach the upper trendline to push towards new highs.
Nevertheless, a new all-time high for Pepe appears imminent in September, especially considering that smart money traders are viewing it as a beta bet on Ethereum.
Similarly, they are treating Dogwifhat as leveraged Solana. The WIF price is currently trading at $1.90 at press time, up by over 16% in the past 24 hours, with a 80% spike in its trading volume.
Just like Pepe, experts believe that WIF is at the start of its bull run, with some projecting it to trade as high as $10 in this bull cycle.
Being a beta bet on Solana, Dogwifhat could also benefit from a Trump victory, considering that a new administration at the SEC almost guarantees spot Solana ETF approval.
Is Crypto All-Stars The Next Meme Coin To Explode?
In light of the upcoming bull run, smart money investors are wasting no time in search for the next meme coins to explode. Some believe that Crypto All-Stars (STARS) could be one of the candidates.
The strong demand for STARS is evident during its presale, considering it has raised over $700k in just two weeks.
However, its strong presale performance isn’t surprising. Crypto All-Stars has come up with an innovative solution to capitalize on success of top meme coin projects such as Dogecoin, Shiba Inu and Pepe.
It is set to launch MemeVault – the world’s first unified staking platform. Investors can stake 11 different meme coins – including DOGE, SHIB and PEPE – and earn attractive passive income. Unsurprisingly, investors who choose to stake STARS will earn rewards at a higher rate.
Considering that many top meme coins such as Dogecoin and Pepe do not offer staking, Crypto All-Stars could receive substantial support from their established communities, a decidedly bullish scenario for its post-launch prospects.
However, investors do not need to wait for the MemeVault launch to earn passive income. Presale STARS buyers can start to accrue staking rewards, currently at a reward rate of over 2000%.
Consequently, it is no surprise that an increasing number of smart money investors believe that Crypto All-Stars could be one of the next meme coins to explode. Some believe that up tp 100x returns could be up for grabs for early STARS buyers.
