Crypto All-Stars ($STARS) is a new meme coin-focused staking protocol currently undergoing a presale.
It has raised over $800K in under three weeks, illustrating a significant appetite among investors.
This is made more notable given the broader market’s current underwhelming performance in the same period.
This is made more notable given the broader market’s current underwhelming performance in the same period.
Crypto market sentiment nears fear, but traders keep buying $STARS
The Crypto Fear and Greed Index touched a low of 31 this week, which is deep into the fear zone.
Crypto prices reflect this, with Bitcoin, Ethereum, Dogecoin, and Pepe all in the red over the past seven days.
However, the Crypto All-Stars presale has not slowed down – it has just cleared the $800K total raised milestone.
This divergence between Crypto All-Stars and the broader crypto market is a good sign for the project’s future.
Launching amid adverse market conditions yet still able to raise funds reflects investors’ strong conviction in the project’s potential.
And that can also be seen on social media, with 5,700 fans joining the Crypto All-Stars X account and 1,800 joining its official Telegram channel.
This is helped in no small part by support from prominent industry analysts.
For example, Umar Khan, an analyst from the 700K-subscriber 99Bitcoins YouTube channel, said that “this meme coin presale will 100x.”
He highlights that now is the best time to buy, given its early presale stage.
“If you want to load up, then now is the time to strike,” said the analyst.
The Crypto All-Stars presale price will gradually increase throughout the campaign.
It’s available to buy at $0.0014078, but this will rise later today.
Crypto All-Stars has the support of investors and analysts, but what’s all the fuss about?
MemeVault: Crypto All-Stars’ answer to the meme coin utility problem
Crypto All-Stars is creating the first unified staking protocol for meme coins. It’s called MemeVault.
Users will be able to stake any meme coin from any blockchain.
Of course, it’s not going to house every single meme coin, but it’ll likely have all the heavy hitters, including Dogecoin, Shiba Inu, Pepe, and Bonk.
It will be the first time many of these meme coins have utility, and owners can actually generate revenue.
But to do so, they must hold the $STARS token; and the more they have, the more profits they can earn.
This inherently ties the demand of $STARS with the platform’s popularity.
Investors can also stake their $STARS tokens for further rewards.
MemeVault has yet to launch, but the $STARS staking went live alongside the presale.
They’ve allocated 25% of the token’s supply as staking rewards, which currently works out at a 1,700% APY.
However, this will decrease as the staking pool grows.
The team has also allocated 20% of tokens to the presale, 20% to marketing, 10% to liquidity, and 25% to the MemeVault ecosystem.
Whales are betting big on meme coins; will they buy $STARS next?
Deep-pocketed whales are buying into the fear on the current market dip.
Lookonchain highlighted how one “diamond hand” trader, who made over $1 million on Pepe, has just reinvested.
He’s just accumulated over $1.3 million, a bold move considering the current market climate.
Lookonchain also highlighted how a Dogwifhat investor is using DeFi strategies to increase his holdings. The investor now holds over $5 million worth of WIF.
Smart money is seemingly less apprehensive about the market’s future direction than everyday investors. They’re using this as an opportunity to stack up meme coins.
Turning back to Crypto All-Stars, its position as an infrastructure project makes it a diversified bet on multiple meme coins.
This could work to its benefit as liquidity flows into the sector.
Investors can buy the Crypto All-Stars presale by visiting its website and connecting their wallets.
The buyers will then choose how much they want to invest and the cryptocurrency they wish to pay with. The presale accepts payments in ETH, USDT, BNB, and bank cards.
Visit Crypto All-Stars Presale