POPCAT, Solana memecoin reaches new ATH
POPCAT, Solana's memecoin, rose around 109%. This caused memecoin to reach a new ATH of $1.29, breaking the $1.00 resistance. The move was driven by strong market sentiment.
Taking advantage of the return of the wave of meme-inspired tokens, a new project promises to unify memecoin staking. Crypto All-Stars is heading towards the end of its successful pre-sale with over $2 million raised.
Solana Network’s POPCAT Reaches New ATH
POPCAT is a memecoin on the Solana blockchain. The token reached a new all-time high (ATH) after a significant rally. Memecoin is up around 109% in the past month. With that, it crossed the crucial resistance barrier of $1.00 and reached $1.29.
This marked a very important moment for POPCAT, driven, for example, by strong market sentiment. In this sense, one of the main factors behind POPCAT's recent rally is its lack of correlation with Bitcoin (BTC).
Unlike many other memecoins, which tend to move in sync with BTC's price swings, POPCAT has historically performed better when its correlation with Bitcoin has dropped. Nowadays, the correlation between POPCAT and Bitcoin has dropped to 0.33.
This lower correlation has proven beneficial for POPCAT, especially considering that the broader cryptocurrency market has faced challenges. Thus, this memecoin's ability to move independently of Bitcoin (BTC) has enabled the recent price increase.
POPCAT is demonstrating an uptrend amid a general market recovery. This growth in POPCAT indicates increased investor interest and reflects market trends.
113% increase in one month on the Solana blockchain
The price of the Solana network's memecoin has soared nearly 113% in the past month, making it the seventh-largest memecoin, according to data from CoinMarketCap, rising toward the $5 mark.
Furthermore, POPCAT is on an upward trajectory, showing that it can lead to considerable gains. If it can break through existing resistance levels, a $2 target could be within reach for memecoin.
This upward movement has the potential to push POPCAT towards the US$3 mark. Furthermore, it cannot be ruled out that its value will rise to US$5, marking an increase of 290%. At the same time, the new Crypto All-Stars ($STARS) project promises to unify memecoin staking and has been successful during pre-sales.
Crypto All-Stars ($STARS) vai unificar o staking de memecoins
Crypto All-Stars has been highly successful in its pre-sale of $STARS tokens, indicating that the project may be heading towards success. One of the reasons is the creation of MemeVault, a unified staking platform.
The revolutionary MemeVault protocol will enable the staking of multi-token and multi-chain memecoins, which has contributed to the success of the project. Users will be able to stake multiple memecoins on different blockchains.
Staking with the Crypto All-Stars platform covers a wide range of cryptocurrencies. The most popular ones on the market will be included, such as, for example, Dogecoin ($DOGE), Shiba Inu ($SHIB), Pepe ($PEPECOIN), Floki ($FLOKI), Brett ($BRETT), MOG, Milady Meme Coin ( $LAYDS), Turbo, Toshi ($TOSHI), Coq Inu ($COQ) and Bonk ($BONK). However, the team does not rule out the possibility of including new memecoins in the future.
Lastly, to maximize their staking rewards, investors must hold $STARS tokens. This mechanism encourages long-term hodling of $STARS and contributes to the stability of the token.
Tokenomics do Crypto All-Stars
Another determining factor for the success of the project is its tokenomics. Of the total, 20% of $STARS were reserved for presale, 20% for presale staking, 20% for marketing, 10% for CEX/DEX and 20% for the MemeVault ecosystem.
In the current presale phase, $STARS tokens are selling for $0.0014887 each. As the pre-sale progresses to the next phases, this value should increase, following in the footsteps of Solana memecoins like POPCAT.
Interested investors can purchase $STARS tokens during the pre-sale with a cryptocurrency wallet. In this sense, $STARS can be purchased using ETH, USDT, BNB or with a bank card. After the pre-sale phase ends, you will be able to redeem your $STARS tokens on the Crypto All-Stars website.
Furthermore, the project underwent a successful audit by SolidProof and Coinsult and the review found that there were no significant errors in the integrity of its code. Follow the project's social media to find out about all the news.
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.