Meme Coin Market Value Surges to $41.5B as Unified Meme Coin Staking Protocol Crypto All-Stars Raises $1.4M
Crypto All-Stars ($STARS) has eclipsed the $1.4 million mark amid the market capitalization of meme coins bouncing back to $41.5 billion on Friday.
The recent renewed fervor for meme coins has raised hopes among crypto investors for a bull run in the next quarter.
If that materializes, the returns these tokens could generate during the historically bullish months of October and November could complement the additional gains from Crypto All-Stars’ upcoming unified meme coin staking protocol.
This protocol, called the MemeVault, allows investors to stake their meme coin holdings together. Whether it’s Dogecoin ($DOGE), Brett ($BRETT), or PepeCoin ($PEPECOIN), all can be staked in the MemeVault for a singular reward in the project’s native token, $STARS.
The Crypto All-Stars presale has generated its total accumulated funds at a per-token price of $0.0014535 and lower.
Investors looking to help Crypto All-Stars capital-raising efforts reach $1.45 million have about 48 hours to purchase at this price before it increases to $0.0014593.
Following the Fed’s unexpected 50 basis point rate cut on Wednesday, Bitcoin skyrocketed to $61,000, climbing to $63,850 by Friday.
Meme coins joined the party, surging past the $40 billion mark after starting at $37 billion on Tuesday – a level they hadn’t seen in nearly a month.
The Fed rate cut, viewed largely as a response to a global slowdown rather than just managing U.S. risks, has influenced other countries to follow suit, turning on the money-printing press to combat economic weakness.
As a result, Bitcoin is emerging as a safe haven against fiat debasement, while altcoins like meme coins could offer accelerated returns. The immediate effects are, as mentioned, already evident, delivering a
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