The past 24 hours have seen crypto prices surge, and Dogecoin and Pepe are two of the heavy hitters making the most noise.
Both are among the top gainers, with Pepe up 6% and Dogecoin up 4%.
Top Meme Coins Surge On Institutional Return to Crypto
The Pepe and Dogecoin rally follows a decisive return of institutional money to crypto.
Leading the way is Microstrategy, which announced a new $1.11 billion Bitcoin investment on Friday.
Meanwhile, Bitcoin ETFs have witnessed three days of inflows in the past four days, following a barrage of outflows in recent weeks.
The new wave of institutional money has sparked excitement that the next crypto bull rally could be approaching. This follows months of disappointing price action in the industry.
The total crypto market cap has jumped 3% today, currently valued at $2.1 trillion.
Meanwhile, Pepe’s 6% rally pushes its price to $0.0000078 – its highest level in ten days.
Pepe holds a $3.2 billion market cap and a $525 million 24-hour trading volume.
Analyst Bluntz notes it has broken out of an accumulation range.
The analyst’s price chart also displays a higher low, which indicates a shifting momentum from bearish to bullish.
Similarly to Pepe, Dogecoin is showing strength. With a 4% pump today, DOGE is trading at $0.1. It has a $15.6 million market cap and a $692 million 24-hour trading volume, up 52%.
Dogecoin has been trending downward since March. However, it has established strong support above $0.08, and analysts expect a bullish reversal in the coming weeks.
SMFX notes that it has broken above a trend line resistance and forecasts a continuation toward $0.17.
As market-leading meme coins like Pepe and Dogecoin make gains, it creates a window for lower market cap projects also to grow.
In the past 24 hours, Popcat has surged 10%, and new tokens SPX69000 and Ginnan The Cat have surged 47% and 41%, respectively.
Crypto All-Stars is another new meme coin showing strength as the market rallies, recently clearing the $1.2 million total raised milestone at presale.
New Crypto to Watch: Crypto All-Stars Let’s Users Stake DOGE, PEPE, SHIB, and more
Every meme coin mentioned in this article has one thing in common: zero utility.
That was until now – Crypto All-Stars is building a platform that gives staking utility to all the top meme coins. Right now, the project is raising funds via a presale, enabling investors to buy in from the ground floor.
The project will launch on Ethereum using its ERC-1155 multi-token standard, which means it can support staking for any cryptocurrency on any blockchain.
It will start with 11 meme coins, including Dogecoin, Shiba Inu, Pepe, Floki, and Bonk. However, the website nods to adding more in the future.
In an industry first, meme coin holders will be able to collectively participate in a single protocol and generate passive rewards. They’ll be connected through the $STARS token, which is the platform’s lifeblood.
Users must hold $STARS to access the platform, and the more of it they have, the more they can earn.
Investors can also stake their $STARS tokens for further rewards, currently valued at a 1,100% APY.
ClayBro posted a video on the 99Bitcoins YouTube channel and speculated that Crypto All-Stars will “become a top meme coin.”
The analyst pointed to the forthcoming bull market and said that retail investors will soon return and gravitate to innovative meme coins like $STARS.
Currently, investors can buy $STARS at presale for $0.0014419.
However, this will rise throughout the campaign, and the next increase will be in two days.
