{"id":579377,"date":"2024-09-23T15:20:22","date_gmt":"2024-09-23T15:20:22","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=579377"},"modified":"2024-09-23T15:23:01","modified_gmt":"2024-09-23T15:23:01","slug":"binance-effect-pushes-neiros-pump-to-40-in-24-hours-memevault-effect-expected-soon-as-crypto-all-stars-ico-zooms-past-1-5m","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/binance-effect-pushes-neiros-pump-to-40-in-24-hours-memevault-effect-expected-soon-as-crypto-all-stars-ico-zooms-past-1-5m","title":{"rendered":"\u2018Binance Effect\u2019 Pushes $NEIRO\u2019s Pump To 40% In 24 Hours \u2013 \u2018MemeVault Effect\u2019 Expected Soon As Crypto All-Stars ICO Zooms Past $1.5M"},"content":{"rendered":"

Crypto All-Stars ($STARS)<\/a> reached another significant presale milestone over the weekend, achieving a total of over $1.5 million in funding.<\/p>\r\n\r\n\r\n\r\n

This influx of capital coincided with meme coins pushing their collective market value from $41 billion to over $43 billion on Sunday, with First Neiro on Ethereum ($NEIRO) extending its pump by 40% on Monday, continuing to feel the effects of its recent Binance listing.<\/p>\r\n\r\n\r\n\r\n

As Crypto All-Stars continues to see presale success, it is getting closer to launching its unified meme coin staking platform, designed to powercharge the returns of the meme coin sector.<\/p>\r\n\r\n\r\n\r\n

Meme coins such as Turbo ($TURBO) and PepeCoin ($PEPECOIN), which have achieved seven-day returns of 28.48% and 56%, respectively, can receive an even bigger boost through Crypto All-Stars’ MemeVault.<\/p>\r\n\r\n\r\n\r\n

But even before MemeVault launches, investors can already become whale holders of its native token, $STARS, which is essential for maximizing passive income returns from the staking platform.<\/p>\r\n\r\n\r\n\r\n

In the ongoing presale, $STARS is valued at $0.0014593 per token – a bargain considering its potential for substantial price appreciation due to its unparalleled utility.<\/p>\r\n\r\n\r\n\r\n

However, the opportunity to secure $STARS at this price will close in less than 48 hours, increasing to $0.0014652 to accommodate the next funding round.<\/p>\r\n\r\n\r\n\r\n

Forget The Binance Effect? Here Comes The MemeVault Effect<\/h2>\r\n\r\n\r\n\r\n

$NEIRO’s listing on Binance is arguably one of the key meme coin-centric catalysts for the sector’s recent resurgence.<\/p>\r\n\r\n\r\n\r\n

The token’s listing on the world’s largest exchange sparked chatter across the space. The move was surprising given that $NEIRO’s market capitalization pre-listing was only $15 million and the fact that a different Neiro token was listed on Binance Futures.<\/p>\r\n\r\n\r\n\r\n

From ballooning to over a $150 million market cap, all $NEIRO tokens reached a $500 million price tag on Monday.<\/p>\r\n\r\n\r\n\r\n

The Binance effect is indeed working its magic for $NEIRO, much like it has for other Binance ICOs.<\/p>\r\n\r\n\r\n\r\n

Being listed on the world’s largest crypto exchange has its perks, and the majority of coins listed by Binance tend to experience a positive impact on their prices, as seen in the chart below:<\/p>\r\n\r\n\r\n\r\n

\"\"<\/figure>\r\n\r\n\r\n\r\n

Analysis: Binance Listing Adds +41% on Crypto Prices | Coinmonks (medium.com)<\/a><\/p>\r\n\r\n\r\n\r\n

All but a handful of tokens have experienced huge upswings in the initial days following their listings, with some gains persisting beyond the first five days.<\/p>\r\n\r\n\r\n\r\n

With the launch of MemeVault, a similar effect could apply to the tokens that can be staked on the platform – a MemeVault effect.<\/p>\r\n\r\n\r\n\r\n

As mentioned, MemeVault is a staking protocol explicitly designed for meme coins to generate passive income collectively. It is the first in the industry to offer such a capability, making the next meme coin eligible for staking on its platform a game-changing event to watch.<\/p>\r\n\r\n\r\n\r\n

Currently, it accepts Dogecoin ($DOGE), Shiba Inu ($SHIB), $PEPECOIN, Milady Meme Coin ($LADYS), the newly Binance-listed Turbo ($TURBO), Floki ($FLOKI), and several others. A complete list is available on the project’s official website<\/a>.<\/p>\r\n\r\n\r\n\r\n

Holders of these tokens are definitely riding the wave of the sector’s recent buoyancy, but they’ll be jumping for joy once MemeVault goes live.<\/p>\r\n\r\n\r\n\r\n

MemeVault Offers Triple The Regular Staking Returns Via $STARS<\/h2>\r\n\r\n\r\n\r\n

The $STARS token holds the key to amplifying the MemeVault effect. As a meme token itself, it boasts unmatched utility, serving as a rewards multiplier for MemeVault stakers.<\/p>\r\n\r\n\r\n\r\n

Investors holding large quantities of $STARS can ramp up their staking rewards, with larger holdings allowing rewards to multiply threefold.<\/p>\r\n\r\n\r\n\r\n

This is likely why early investors are scooping up as many $STARS as possible while on presale so their meme coin holdings can extract the maximum rewards MemeVault gives them. That’s why if $NEIRO lands a staking spot on MemeVault, aside from feeling the Binance<\/a> effect, investors will also feel the juiced-up MemeVault effect if they are holding $STARS.<\/p>\r\n\r\n\r\n\r\n

The $STARS gold rush is even magnified by the early contributors taking advantage of Crypto All-Stars’ independent $STARS staking protocol, which currently offers a whopping 968% APY. Currently, about 763 million $STARS have already been staked – reflecting a 10% jump since Friday.<\/p>\r\n\r\n\r\n\r\n

With a hefty staking bounty, early contributors can effortlessly boost their holdings, positioning themselves in the front row for MemeVault’s rewards.<\/p>\r\n\r\n\r\n\r\n

Indeed, with Crypto All-Stars<\/a>, investors have not only capital gains to look forward to but also passive income – an unmatched utility that both investors and crypto influencers are starting to recognize.<\/p>\r\n\r\n\r\n\r\n

For instance, Cilinix Crypto shares the same sentiment about Crypto All-Stars’ utility and believes that $STARS is poised for significant growth.<\/p>\r\n