{"id":578569,"date":"2024-09-20T11:42:28","date_gmt":"2024-09-20T11:42:28","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=578569"},"modified":"2024-09-20T11:42:28","modified_gmt":"2024-09-20T11:42:28","slug":"meme-coin-market-cap-hits-41-5b-as-meme-coin-staking-protocol-crypto-all-stars-blasts-past-1-4m-raised","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/meme-coin-market-cap-hits-41-5b-as-meme-coin-staking-protocol-crypto-all-stars-blasts-past-1-4m-raised","title":{"rendered":"Meme Coin Market Cap Hits $41.5B As Meme Coin Staking Protocol Crypto All-Stars Blasts Past $1.4M Raised"},"content":{"rendered":"

Crypto All-Stars ($STARS)<\/a> has eclipsed the $1.4 million mark amid the market capitalization of meme coins bouncing back to $41.5 billion on Friday. <\/p>\r\n\r\n\r\n\r\n

The recent renewed fervor for meme coins has raised hopes among crypto investors for a bull run in the next quarter. <\/p>\r\n\r\n\r\n\r\n

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.<\/p>\r\n\r\n\r\n\r\n

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. <\/p>\r\n\r\n\r\n\r\n

The Crypto All-Stars presale has generated its total accumulated funds at a per-token price of $0.0014535 and lower. <\/p>\r\n\r\n\r\n\r\n

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.<\/p>\r\n\r\n\r\n\r\n

Meme Coins Soar After Bitcoin Surged On Fed Rate Cut – FOMO Kicks In<\/h2>\r\n\r\n\r\n\r\n

Following the Fed’s unexpected 50 basis point rate cut on Wednesday, Bitcoin skyrocketed to $61,000, climbing to $63,850 by Friday.<\/p>\r\n\r\n\r\n\r\n

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.<\/p>\r\n\r\n\r\n\r\n

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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.<\/p>\r\n\r\n\r\n\r\n

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 much-appreciated boost for the broader crypto investing community as the industry crawls out its historically worst month.<\/p>\r\n\r\n\r\n\r\n

However, investing in Bitcoin or buying meme coins may still feel the reverberations of the turbulence caused by the Fed’s decision. Investor patience is crucial to weathering the ups and downs.<\/p>\r\n\r\n\r\n\r\n

The silver lining? As Crypto All-Stars<\/a>‘ MemeVault approaches launch, it promises solid capital gains and steady passive income for meme coin holders.<\/p>\r\n\r\n\r\n\r\n

In a volatile landscape, investors can rest easy knowing their meme coins will keep earning steady returns.<\/p>\r\n\r\n\r\n\r\n

Here Are The Leading Meme Coins You Can Stake With Crypto All-Stars<\/h2>\r\n\r\n\r\n\r\n

One of the top performers in the past 24 hours is Coq Inu ($COQ), Mog Coin ($MOG), Turbo ($TURBO), Milady Meme Coin ($MILADY), and $PEPECOIN, which gained 11.8%, 13.5%, 22.2%, 17.5%, and 11.1%, respectively.<\/p>\r\n\r\n\r\n\r\n

These tokens have captured investor attention due to their double-digit overnight gains, and the good news is that these top gainers will be among the meme coins accepted for staking on the Crypto All-Stars platform once it launches.<\/p>\r\n\r\n\r\n\r\n

In addition to these tokens, $DOGE, $BRETT, Floki ($FLOKI), Shiba Inu ($SHIB), Toshi ($TOSHI), and Bonk ($BONK) will also be eligible for staking with more options to come.<\/p>\r\n\r\n\r\n\r\n

Staking with MemeVault allows investors to earn the $STARS token<\/a>, which acts as a reward multiplier, enabling investors to generate up to three times the rewards. All investors need to do is hold the token, as the more they have, the greater the rewards.<\/p>\r\n\r\n\r\n\r\n

But that’s not all – $STARS also has its own independent staking protocol. This means that while meme coin holdings generate rewards via MemeVault with the $STARS token multiplying them, $STARS staking offers additional returns of up to tenfold, as its current staking protocol provides a 1,057% APY.<\/p>\r\n\r\n\r\n\r\n

Popular crypto influencer ClayBro dives deep into these rewards in his video below:<\/p>\r\n