The cryptocurrency market continues to show bullish signs as we approach winter: historically, a difficult time for enthusiasts. Market capitalization stands at around $3.5 trillion, which is the highest it has ever been. Ether has finally come alive, posting 7% daily gains, and presales continue to smash milestones with Crypto All-Stars, whose presale launched in August, nearly reaching the $8 million mark.
There are thousands of cryptocurrencies also on the market, but the positive sentiment behind the cryptocurrency market means many more coins are going through presale. This includes meme coins that will explode on launch, like Pepe Unchained. But, while most crypto followers now know about Pepe Unchained, there are, according to cryptocurrency author Alan Draper, a few surprises that are just coming to the fore. Sponge V2, which launched its presale a year ago, has suddenly seen an uptick in its price, rising 10 times on rumors of a possible Binance launch.
Crypto All-Stars is a fairly recent launch: its presale only launched in August 2024. The team behind the coin has previously stated its plans to launch on exchanges in December and the presale is set to end just before Christmas so there is only a couple of weeks for potential investors to get in. The program has an estimated staking yield of 260% per annum or just over 20% per month.
Once the coin has launched, Crypto All-Stars will open the MemeVault protocol. The MemeVault enables users to stake virtually any meme coin on a single platform, earning $STARS as an incentive for doing so.
In terms of tokenomics, 10% of the total supply has been set aside for liquidity while 20% will be used for marketing and advertising. 20% are being used for the presale with 25% for presale staking and another 25% for the Memevault ecosystem. The whitepaper hints at a token launch soon after the end of the presale, and this is when early investors will be able to claim their staked tokens.
Most staking platforms enable users to stake a single coin in each packet. MemeVault is different. It brings together meme coins that are built on Solana, Ethereum, and other networks. A single user who holds meme coins on these different networks would typically need to use different staking platforms for each network.
With MemeVault, they can stake all these different coins, and receive rewards paid in STARS tokens. There will also be staking for the STARS tokens themselves, presenting another opportunity for investors to make money from the staking model.
Crypto All-Stars’s popularity will depend on the continued success of meme coins. The whole crypto market has enjoyed a strong month, ever since Donald Trump emerged victorious from the US election. During the campaign trail, he promised to be the crypto President, to make the US the crypto capital of the planet, and to get rid of SEC chair Gary Gensler on day one.
Gensler has stated his intent to stand down in January, effectively aligning with Trump’s promise. Trump has also named a host of crypto bulls in prominent government positions while installing Elon Musk as the head of the newly formed Department Of Government Efficiency (D.O.G.E.).
All of these moves have seen the crypto market surge, even after already enjoying a positive year. Earlier in 2024, the SEC had to concede its years-long battle with investment managers and crypto funds and allow the launch of Bitcoin ETFs. A few months later, the body also conceded that the Court of Appeal’s decision on BTC ETFs meant there was no point in them contesting the launch of ETH ETFs, and Ether got its own funds.
During the run-up to the election, cryptocurrency continued to hit the headlines, with Bitcoin maxis investing substantial sums of money into Trump’s election campaign, and crypto being discussed in these circles for the first time.
And, it wasn’t just major coins like Bitcoin and Ether that benefited. Dogecoin, which was the first and is the largest of all meme coins, started the year with a price of around $0.09 per DOGE. Its price had already risen to $0.17 by November and, since then, it has rocketed to now stand at $0.41.
While its massive price rise in early November has seen DOGE struggle to push on in December, that hasn’t been the case for Shiba Inu. SHIB was trading at just over $0.000025 a week ago but briefly passed the $0.000033 mark on December 1. It has settled back down to trade at $0.00003, but it still has a lot of upside potential in the coming months.
Lesser-known meme coin Moo Deng saw its price rise nearly 100% in one hour earlier this week when Coinbase announced that it would list the Solana-based meme coin.
