Meme Coins Rebound After Bitcoin Breaks $100K Again, Crypto All-Stars Passes $13M in Presale
Bitcoin’s latest move past $100,000 has reignited interest in meme coins.
Almost all major coins have posted gains in the past 24 hours – with some newcomers also rallying.
One such newcomer is Crypto All-Stars, which has now raised $13 million in its presale as investors scramble to get early exposure.
Meme Coin Mania as PNUT Rallies on Coinbase Listing News
Meme coins are back in the news, with the sector’s value surging above $135 billion thanks to a wave of new buyers.
Trading activity has exploded, hitting $27.2 billion in volume as the charts flash green.
Dogecoin and Shiba Inu, the sector’s two biggest coins, are enjoying the ride – posting gains of 2% and 3%, respectively.
But the biggest gainer has been Peanut the Squirrel.
PNUT’s price rocketed 15% after Coinbase added it to its roadmap, setting the stage for a potential listing soon.
This news has amplified the already positive atmosphere in the meme coin space.
And with the Crypto Fear & Greed Index now at 83, firmly in “Extreme Greed” territory, the conditions don’t look like changing anytime soon.
Popular crypto influencer Bark is extremely bullish about meme coins.
He predicted that these coins are about to “retire a lot of people” – suggesting he believes another massive rally is on the horizon.
Bitcoin Breaks $100K Again – Is This the Start of a Huge Rally?
Bitcoin is also back in the green, soaring above $100,000 after buyers seized the opportunity presented by Tuesday’s dip.
This wasn’t just a minor rebound, though.
Bitcoin is up 6% in less than two days, reclaiming key technical levels like the 50-period EMA on the 4-hour chart.
The bulls are clearly back in control.
Interestingly, this rebound follows a failed proposal by MicroStrategy’s Michael Saylor, who had urged Microsoft to invest its cash reserves in Bitcoin.
Despite Saylor’s argument that such a move could boost Microsoft’s stock price, shareholders overwhelmingly rejected the idea.
But Bitcoin seems unfazed by this.
Its renewed strength is benefiting the entire crypto market – meme coins included.
And things could get even better, with the Fed’s final FOMC meeting of the year coming next week.
Jerome Powell and co are widely expected to cut interest rates again.
Lower interest rates are favorable for Bitcoin and crypto in general, so this recent surge could just be the beginning of an even bigger rally.
Crypto All-Stars Presale Hits $13M – MemeVault & High-Yield Staking Drive Explosive Growth
Another project that’s benefiting from all this enthusiasm is Crypto All-Stars.
This new meme coin has just passed $13 million in its presale, with only eight days before launch.
Talk about perfect timing – entering the market just as Bitcoin and meme coins are heating up.
Investors are particularly drawn to the project’s MemeVault, a unique staking platform designed specifically for meme tokens.
With the launch approaching so soon the All-Stars are getting their dance on!
Does anyone else want a $STARS chandelier? pic.twitter.com/1JMT3tVLt6
— Crypto All-Stars (@all_stars_coin) December 10, 2024
This focus on utility helps set Crypto All-Stars apart.
MemeVault users can stake popular tokens, like PEPE or DOGE, to earn STARS as a reward.
Users can then stake these STARS tokens for an estimated APY of 190%.
Over 3.8 billion STARS tokens have already been locked up – all before Crypto All-Stars’ presale has even ended.
And with 25% of the supply set aside for staking rewards, the team is clearly focused on building a sustainable ecosystem.
Crypto expert Darryl Boo talked about STARS in a recent YouTube video.
He described it as the “most bullish coin of 2024,” and claimed its price would rocket after listing on exchanges.
So, with the presale ending soon and tokens priced at just $0.0016782, some investors are scrambling to secure their positions in Crypto All-Stars.
The upcoming exchange listing is likely to be a must-watch event.
Visit Crypto All-Stars Presale
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