Crypto All-Stars ($STARS) reached another significant presale milestone over the weekend, achieving a total of over $1.5 million in funding.
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.
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.
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.
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.
In the ongoing presale, $STARS is selling at a fixed presale price of $0.0014593 per token – a bargain considering its potential for substantial price appreciation due to its unparalleled utility.
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.
What Binance effect? Watch out for the MemeVault effect
$NEIRO’s listing on Binance is arguably one of the key meme coin-centric catalysts for the sector’s recent resurgence.
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.
From ballooning to over a $150 million market cap, all $NEIRO tokens reached a $500 million price tag on Monday.
The Binance effect is indeed working its magic for $NEIRO, much like it has for other Binance ICOs.
Being listed on the world’s largest crypto exchange has its perks, and the majority of coins listed by Binance tend to experience a positive impact on their prices, as seen in the chart below:
Source: Ren & Heinrich (Coinmonks)All but a handful of tokens have experienced huge upswings in the initial days following their listings, with some gains persisting beyond the first five days.
With the launch of MemeVault, a similar effect could apply to the tokens that users can stake on the platform – a MemeVault effect.
As mentioned, MemeVault is a staking protocol explicitly designed for meme coins to generate passive income collectively. It is the first in the industry to offer such a capability, making the next meme coin eligible for staking on its platform a game-changing event to watch.
Currently, it accepts Dogecoin ($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.
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.
MemeVault can provide thrice the regular staking returns through $STARS
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.
Investors holding large quantities of $STARS can ramp up their staking rewards, with larger holdings allowing rewards to multiply threefold.
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 effect, investors will also feel the juiced-up MemeVault effect if they are holding $STARS.
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, people have already staked about 763 million $STARS – reflecting a 10% jump since Friday.
With a hefty staking bounty, early contributors can effortlessly boost their holdings, positioning themselves in the front row for MemeVault’s rewards.
Indeed, with Crypto All-Stars, 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.
For instance, Cilinix Crypto shares the same sentiment about Crypto All-Stars’ utility and believes that $STARS could see significant growth.
What if Crypto All-Stars gets listed on Binance?
The million-dollar question is: what if $STARS gets onto Binance?
As a token people are primarily meant to hold or stake – essential for maximizing staking rewards via MemeVault – it already has strong economics in place.
A Binance listing in this case would flood the token with liquidity to catapult it to the moon ala $NEIRO.
So, while it is available at its discounted ICO price, early contributors can be ahead of the curve.
Now that the project has hit the $1.5 million target, the next goal is $2 million, which is very achievable before the end of the week.
Visit Crypto All-Stars website and connect your wallet to join the presale. You can exchange ETH, USDT, or BNB for $STARS, and even use meme coins like $FLOKI, $SHIB, $DOGE, and $PEPE. Secure bank card payments are also available through an easy-to-use widget.
Coinsult and SolidProof completed a full audit of the Crypto All-Stars smart contract, identifying zero critical issues in the code.
Stay updated with the latest news and developments by joining the Crypto All-Stars community on Telegram or X.
Visit Crypto All-Stars.
The post ‘Binance Effect’ Extends $NEIRO’s Pump to 40% in 24 Hours – ‘MemeVault Effect’ in Play Soon as Crypto All-Stars ICO Hits $1.5M appeared first on Cryptonews.
