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Joel Frank
Author
Joel Frank
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Why Trust Cryptonews
As central banks ease financial conditions globally, meme coins are once again in the spotlight.
Dogecoin (DOGE) is a leading contender to hit the $1 milestone, but some investors are now turning their attention to Crypto All-stars (STARS)—a new ICO with the potential to become the next $1 meme coin.
Let’s explore why Crypto All-stars is drawing so much interest from the meme coin community.
Dogecoin’s Push Towards $1
Currently trading just under $0.11, Dogecoin is showing signs of a potential rally, with the possibility of reaching yearly highs around the $0.23 mark.
DOGE recently broke above a long-term downward trend and its 50-day moving average (DMA), signaling a potential breakout.
The return of alt/meme season, especially if Bitcoin (BTC) reaches new record highs following central bank easing, could send DOGE even higher.
Many Dogecoin investors have been waiting for the token to reach the coveted $1 mark, and the 2024-2025 bull market could be the moment this happens.
Crypto All-stars: The Next Big Meme Coin?
While Dogecoin may be a frontrunner, some of its investors are now shifting their focus to Crypto All-stars (STARS), an up-and-coming multi-chain meme coin staking platform.
STARS allows meme coin holders to earn returns on their holdings by staking them in a multi-meme coin vault.
This new ICO has already raised over $1.56 million, with prices set to increase in less than 24 hours.
Crypto All-stars brings a unique approach to the meme coin space by offering staking yields to those who hold STARS in their portfolio.
Investors can stake their tokens for a high yield, currently listed at 947% according to the official website.
Even those who don’t hold major meme coins can still benefit from this yield by staking their STARS tokens.
The presale of STARS is priced at $0.0014593, with 20% of the supply available during the presale. An additional 25% will be used to reward presale investors with staking yields, while 25% is reserved to pay yields to the meme coin vault.
The remaining supply is split between marketing (20%) and liquidity for decentralized exchanges (DEX) (10%).
Will $STARS Be the Next $1 Meme Coin?
Dogecoin is widely seen as having a strong chance of reaching $1 by 2025, but could Crypto All-stars (STARS) follow a similar path?
At its current presale price of $0.0014593, STARS would need to achieve an impressive 685x increase to hit $1. While this is undeniably ambitious, it’s not out of the realm of possibility.
With the right market conditions and continued community support, such growth could be attainable.
STARS’ unique staking system and strong early backing from investors give it an edge in the competitive meme coin space.
While there are challenges, the project’s unique features and high yields could help it stand out, making a substantial rise more plausible than it might initially seem.
Even if STARS doesn’t reach $1, the potential for substantial gains remains high.
Many investors are already taking advantage of its staking rewards and positioning themselves for potential growth in the near future.
Check Out Crypto All-stars Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
