Memecoins are taking advantage of the Fed’s recent rate cut
Following the Fed’s unexpected 50 basis point rate cut last Wednesday, Bitcoin surged to $61,000, rising to $63,850 on Friday. Memecoins have jumped on the bandwagon, surpassing the $40 billion mark after hitting $37 billion on Tuesday — a level they haven't seen in nearly a month.
The Fed's rate cuts, seen largely as a response to a global slowdown rather than just managing U.S. risks, have influenced other countries to follow suit, moving markets to counter the economic downturn.
As a result, Bitcoin is emerging as a safe haven against fiat devaluation, while altcoins such as memecoins can offer accelerated returns. The immediate effects are, as mentioned, already evident, providing a much-appreciated boost to the broader crypto investor community as the industry emerges from its worst month on record.
However, those who invest in Bitcoin or buy memecoins may still feel the reverberations of the turbulence caused by the Fed's decision. Investor patience is crucial to weather the ups and downs.
The good news? As Crypto All-Stars’ MemeVault nears launch, it promises solid capital gains and steady passive income for memecoin holders. In a volatile environment, investors can rest assured knowing that their memecoins will continue to generate steady returns.
Crypto All-Stars’ Unified Memecoin Staking Protocol Raises $1.5 Million
Crypto All-Stars ($STARS) has surpassed the $1.5 million mark amid memecoin market cap surge. The recent renewed enthusiasm for memecoins has raised hopes among crypto investors for a bull run in the coming quarter.
If this materializes, the returns these tokens can generate during the historically bullish months of October and November could complement additional gains from Crypto All-Stars’ upcoming unified memecoin staking protocol.
This protocol, called MemeVault, allows investors to stake their memecoin holdings together. Whether it’s Dogecoin ($DOGE), Brett ($BRETT), or PepeCoin ($PEPECOIN), they can all be staked on MemeVault for an exclusive reward in the project’s native token, $STARS.
The Crypto All-Stars presale has generated its total accumulated funds at a price per token of $0.0014593 currently.
Investors looking to participate in Crypto All-Stars’ capital raising efforts and help the project surpass $1.5 million have about 48 hours to buy at this price before it increases.
What tokens can you stake in Crypto All-Stars?
Some of the best performers in the last 24 hours are Coq Inu ($COQ), Mog Coin ($MOG), Turbo ($TURBO), Milady Meme Coin ($MILADY), and $PEPECOIN, which gained 11.8%, 13.5%, 22.2%, 17.5%, and 11.1%, respectively. In addition to these tokens, $DOGE, $BRETT, Floki ($FLOKI), Shiba Inu ($SHIB), Toshi ($TOSHI), and Bonk ($BONK) will also be available for staking with more to come.
Staking on MemeVault allows investors to earn the $STARS token, which acts as a rewards multiplier, allowing investors to generate up to three times more rewards. All investors need to do is hold the token, as the more they hold, the higher the rewards.
But that’s not all – $STARS also has its own independent staking protocol. This means that while memecoin holdings generate rewards through MemeVault and the $STARS token multiplying them, staking $STARS offers additional returns of up to ten times as its current staking protocol provides an APY of 1,057%.
Around 697 million $STARS have been staked
Due to the immense rewards that MemeVault promises to offer, early investors are gearing up for the launch of the staking platform, as evidenced by the number of $STARS tokens being staked on its protocol.
Approximately 697 million tokens are generating additional $STARS in substantial quantities, all in preparation for maximizing MemeVault’s staking rewards. It’s not just small investors getting involved; large investors are also participating, with a recent purchase of $50,000 worth of $STARS last week.
If you haven’t yet positioned yourself for the future of memecoin investing, connect your wallet to the project’s website. The $STARS token can be exchanged for ETH, USDT, BNB, or even memecoins like $FLOKI, $SHIB, $DOGE, and $PEPE. Bank card payments are also accepted.
A Coinsult e SolidProo audited the Crypto All-Stars smart contract and found no major issues with the code.
Stay updated with the latest news and developments by joining the Crypto All-Stars community on Telegram.
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.