The meme coin space saw a massive surge at the end of last month, followed by a sharp price fall as we entered October. However, Doge and Shiba Inu, the top 2 meme coins, are making gains again, with a 2-5% rise in the last 24 hours.
Despite the red trend meme coins faced over the last week, experts anticipate a potential bull run during 2024, and investors are now searching for promising ICOs that may capitalize on the momentum.
Crypto All-Stars is turning more heads than most with its unique multi-token staking protocol, memetic appeal, and successful presale.
Let’s see what’s in store for these three meme coins going forward.
DOGE and SHIB Break Out Of The Red Trend
Last week, on September 26th, Bitcoin (BTC) soared to $66,355.26, initiating a market-wide rebound, especially in the meme coin space. Shiba Inu saw a three-month high that day, reaching $0.00002156, while Dogecoin rose to $0.1313 on September 28th.
However, the market has since seen a sharp downturn, with Bitcoin returning below the $62,000 mark. Shiba Inu entered October with a drop to $0.00001595, while Dogecoin traded for $0.105.
Despite their losses, DOGE and SHIB are two of the biggest gainers among top meme coins today, while their competitors, such as PEPE, WIF, and BONK, struggle to enter a green trend.
SHIB Knight, a crypto expert with over 444,000 followers on X (Twitter), was one of the first to predict Shiba Inu’s surge last week. Now, he calls SHIB one of the best performers and believes it will keep rising beyond its current price of $0.00001697.
Toranaga, a crypto breakout expert, also believes SHIB is in for a breakout after analyzing today’s gains. The increasing optimism largely stems from Shiba Inu’s recent developments, including the success of Shiba Inu’s Layer 2 blockchain, Shibarium, which reached $7.03 million TVL last week.
Doge is also creating a buzz in the meme coin space with the recent news of its adoption as a payment method by numerous small retailers, which Bloomberg covered in an article.
Dogecoin’s rise back to $0.1074 hasn’t escaped the attention of crypto experts either, and most believe Doge is in for a bullish run if its adoption continues. Mark Cuban calling Doge a “better investment than a lottery ticket” for those trying to make significant returns has further fueled this sentiment.
Although many experts believe SHIB and DOGE are yet to make substantial gains this year, with some predicting 10x gains in the upcoming bull run, the crypto market is volatile, and there are no guarantees.
Crypto All-Stars Draws Investor Attention as ICO Raises $1.9 Million
Crypto All-Stars (STARS) is a utility-focused meme coin gaining traction in its ICO. The project revolves around the MemeVault, a multi-chain, multi-token staking protocol designed to unite meme holders.
The Crypto All-Stars team aims to reward those staking their Doge, Shiba Inu, Pepe, Floki, and other meme coins using MemeVault with STARS.
Furthermore, those holding STARS will earn even better rewards, incentivizing investors to purchase and hold the token, potentially creating a beneficial cycle for the investors and the overall STARS ecosystem.
To ensure everyone has a chance to stock up on STARS, the team has allocated 20% of the total token supply to the presale. An additional 25% went to presale staking, which currently offers a massive 750% APY, allowing early backers to 7.5x their token holdings.
The STARS presale has already raised $1.9 million as investors rush to secure their share of STARS ahead of MemeVault’s launch, which is scheduled to happen when the presale wraps up.
Getting into the presale is easy, and there’s no minimum investment required. Investors can buy STARS using ETH, BNB, USDT, or a credit or debit card. Alternatively, they can purchase STARS with meme coins, including DOGE, SHIB, PEPE, or FLOKI.
Security-wise, the project’s contract has been audited by Coinsult and Solidproof, which found no critical threats to investor security.
ClayBro, a crypto expert, believes Crypto All-Stars is set to shake up the meme coin space on its DEX launch. He advises his 130,000-strong YouTube audience to enter the presale while the price of STARS is low, as it will only keep rising because of the ICO’s dynamic pricing model.
Crypto All Stars Gets Huge Boost! Major Bullish Market Ahead! – YouTube
With just under three days before the STARS per-token price increases from the current $0.0014828, now’s the best time to join the presale.
