Meme coins are making a comeback, with tokens like Popcat, DogWifHat, and Pepe seeing big gains in the past 24 hours.
There’s also growing interest in a newcomer, Crypto All-Stars, which looks ready to join the meme coin frenzy once its presale phase ends.
POPCAT, WIF, & PEPE Lead the Meme Coin Rally
Meme coins are on an upswing this week.
Popcat (POPCAT) is leading the way, jumping by 34% in the past 24 hours to reach $0.918.
It’s now just 7% away from its all-time high price.
However, POPCAT isn’t the only one making moves.
DogWifHat (WIF) is up 15%, currently hovering around $1.73.
WIF’s trading volume has also rocketed, up 115% to $454 million, making it the fourth most traded meme coin – passing DOGS by over $230 million.
Pepe (PEPE) is also in the mix, climbing 8% to $0.0000078.
It’s back in the $3.3 billion market cap range and is leading in spot trading volume, with $774 million exchanged in the last day alone.
Clearly, the meme coin market is seeing a resurgence.
And traders are taking notice, hoping it can be sustained through the final few months of 2024.
Fed’s Rate Cut Creates Meme Coin Boom
The meme coin surge isn’t happening in isolation.
It’s part of a larger wave in the crypto market sparked by the Fed’s recent rate decision.
After four years of tightening, they’ve finally eased up, cutting rates by 50 basis points.
This cut has caught the attention of risk-seeking investors – pushing them into the crypto market.
Bitcoin is benefiting massively.
The coin has broken past $63,000 and is pulling the rest of the market up with it.
However, it’s not just about the bullish price action.
Market sentiment has shifted noticeably, with the Crypto Fear & Greed Index moving from “Fear” to “Neutral.”
That suggests there’s growing optimism about crypto’s prospects.
On top of that, liquidations are reaching $200 million daily, mainly from short positions being squeezed.
These factors have created a perfect storm for meme coins like POPCAT, WIF, and PEPE to thrive.
Some investors are even drawing parallels to the meme coin bull run that happened in the final quarter of 2023.
Time will tell whether we see a repeat of that frenzy or if this is just a temporary spike.
Is Crypto All-Stars the Next Big Meme Coin on the Rise?
With meme coins on the rise, everyone’s looking for the next big opportunity.
Crypto All-Stars (STARS) is one coin touted as a potential star.
The team is introducing something new with the MemeVault staking hub, the first unified meme coin staking app.
Here’s how it works: using the MemeVault, investors can stake several popular meme coins, such as DOGE, PEPE, and FLOKI, in one place.
It’s built on the ERC-1155 standard, meaning it can handle multiple meme coins under a single contract.
There’s nothing quite like it on the market right now.
Crypto All-Stars has already raised over $1.4 million in its presale, with STARS tokens currently priced at $0.0014535.
That’s the kind of traction that gets people interested.
And as for the staking rewards, they’re impressive – currently set at 1,071% per year.
Some well-known figures in the crypto space are making bold claims for STARS.
For example, ClayBro urged his 130,000+ subscribers to “prepare for gains” once STARS hits the open market.
So, will Crypto All-Stars be the next meme coin to pump?
It’s still early days, but with the likes of POPCAT, WIF, and PEPE all rallying, it’s one to keep an eye on.
Visit Crypto All-Stars Presale
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