Big investors support Polygon (POL)
Polygon (POL) has seen a significant increase in investor activity. The collective holdings of crypto 'whales' have increased to 852.14 million. In this way, a total of US$65 million accumulated in one week was recorded.
Meanwhile, a new cryptocurrency project has been gaining attention in recent weeks. Crypto All-Stars is revolutionizing the market with its innovative unified memecoin staking tool, MemeVault.
Cryptocurrency 'whales' are supporting Polygon
There was recently an 18% increase in Polygon (POL) on the monthly price chart. This is due to the accumulation by large investors, the 'whales' of cryptocurrencies. One analyst predicted that POL could reach $0.89 in the near term. But this will only be possible if retail investors join this movement.
Large Polygon investors are those who have between 10 million and 100 million POL in their portfolios. Together, they collectively accumulated around 695.38 million tokens last week. Another 113 million tokens totaling $65 million have accumulated recently, bringing the total value to 852.14 million.
This increase in token accumulation by 'whales' encourages retail investors to create a buying position. Therefore, there is now an optimistic outlook regarding POL.
But a massive sell-off by these large token holders could disrupt POL dynamics and lead to a price crash. Famous cryptocurrency analyst Ali Martínez believes that POL has the potential to reach $0.89. This would mean an increase of 167%. At press time, POL was trading at $0.427. However, a sudden sell-off by Polygon's big investors could force it down to approximately $0.38.
While waiting for Polygon (POL)'s next moves, many investors are keeping an eye on the Crypto All-Stars. This is because this new project promises to offer a tool for unified staking of the most popular memecoins on the market.
Unified memecoin staking with Crypto All-Stars
The cryptocurrency market is constantly evolving and memecoins are increasingly attracting public attention. This has created substantial market movements.
With the new Crypto All-Stars project it couldn't be any different. This memecoin aims to revolutionize the industry with the MemeVault ecosystem, designed to bring together multiple memecoins in one place.
The Crypto All-Stars ecosystem comes with advanced features, with the ERC-1155 standard, which allows the use of multiple tokens in a single contract. In this way, holders of several popular memecoins will be able to earn rewards through the project's native token, STARS.
When the STARS token and MemeVault ecosystem launch, all major meme coins will be eligible for staking. The initial list includes Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, Mog Coin, Milady, Turbo Token, Toshi The Cat, Coq Inu, and Bonk Coin. The team plans to expand this list and expand the number of memecoins.
As the project offers passive income and a staking system, investors can earn income quickly. This is because the tokens are deposited in a liquidity pool with rewards currently estimated at 375% per year.
This is the first unified staking system in the cryptocurrency market and the ecosystem's liquidity pool allows investors to use various memecoins. But those who choose to allocate STARS tokens can secure even higher returns.
STARS pre-sales approach US$5 million
The STARS token presale is approaching the $5 million mark and this could be the last chance to buy tokens at a discount. Each STARS currently costs just $0.0015933.
Buying promising tokens that are still in the pre-sale phase can be a good investment strategy. This is because the values are lower and tend to increase after launch.
The Crypto All-Stars (STARS) pre-sale may be close to closing. Especially if we consider the current revenue milestone achieved and the speed of investments.
Investors can purchase STARS on the project's official website. In addition to accepting bank cards and several major cryptocurrencies, tokens can also be purchased with memecoins such as FLOKI, SHIB, DOGE and PEPE.
After the presale phase ends, investors will be able to redeem their STARS tokens on the Crypto All-Stars website.
Disclaimer: This article is for informational purposes only, and does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article.