Crypto All-Stars presale approaches $2M, attracts industry attention – crypto.news

Crypto All-Stars presale nears $2M, enabling users to stake memecoins for passive rewards. Industry leaders take notice.

The Crypto All-Stars (STARS) presale is closing in on $2 million raised, and prominent industry figures are beginning to take notice.

STARS is a new utility-centered meme coin. It allows users to stake memecoins such as Dogecoin, Shiba Inu, Pepe, Floki, and Bonk to generate passive rewards.

Analyst ClayBro says that Crypto All-Stars will 10X

When a new cryptocurrency attracts attention from leading industry players, it’s always a good sign.

And right now, they’re getting on board with Crypto All-Stars.

ClayBro, an analyst with over 130K YouTube subscribers, has told investors in multiple videos that STARS has 10x growth potential.

In a recent video, he noted that Crypto All-Stars is gaining significant media notoriety, which bolsters its awareness and adds to its bullish outlook.

However, he also underscored that a tangible and measurable utility propagates this hype.

“This crypto token brings together all the top memecoins in the entire world.”

He is referring to Crypto All-Stars’ flagship feature, MemeVault. Let’s take a closer look at that.

Meme coins are no longer useless – stake them in MemeVault for long-term rewards

Crypto All-Stars is setting the pace among ‘wanna-be’ memecoin projects. It’s building the sector’s first unified staking protocol.

Now, the top joke tokens – which control the lion’s share of the sector’s $55 billion market cap – can be staked in Crypto All-Stars’ MemeVault.

And it’s all tied together with the STARS token. Users must hold it to access the platform, and they’ll receive rewards proportional to how much they have.

Put differently, holders from all the top memecoin communities are financially incentivized to buy as much STARS as possible.

And until now, memecoin holders have been limited in what they can do with their tokens.

For instance, glancing at CoinMarketCap’s Yields tool for Pepe, it is the only Pepe staking rewards on offer are on Binance, and it’s a 0.06% APY.

NobodY knows the APY that MemeVault will offer yet, but it is likely going to be a lot higher.

While the MemeVault has yet to launch, the project’s native STARS staking is live and currently provides a 794% APY – over 10,000 times higher than Binance’s Pepe APY.

It should alos be noted that STARS staking and MemeVault each have a 25% allocation of the total token supply. 

As such, MemeVault’s staking rewards is expected to be significantly higher than those currently available.

STARS presale hits $1.8 million as traders lock in for Q4 memecoin season

The Crypto All-Stars presale is going from strength to strength. Amid positive coverage from media and analysts, investors are also piling in.

The project recently cleared the $1.8 million raised mark and looks on track to hit $2 million by the end of the week.

This reflects a shifting market sentiment, with traders anticipating an uptick in memecoin prices in line with Q4, which starts today.

Q4 has historically been a bullish fiscal quarter for crypto, and this year, the market has entered with significant momentum.

Analyst Quinten Francois cited multiple data points that suggest crypto is primed for a bullish performance as we close out 2024.

Typically, mem coins will outperform the market in bullish periods. This was shown in Q1 of 2024, when the memecoin narrative notched a 1,313% gain, according to CoinGecko data.

But when it comes to memecoins, there is only one project lifting up the sector through problem-solving utility.

Indeed, it’s Crypto All-Stars. That’s why there is such a buzz surrounding its presale.

For more information, visit the Crypto All-Stars presale website or follow the project on  X and Telegram.