- Meme coins like Popcat, DogWifHat, and Pepe are surging, with big gains in the past 24 hours
- The meme coin rally is part of a broader crypto market upswing sparked by the Fed’s recent rate cut
- Crypto All-Stars (STARS), a new project introducing the MemeVault staking hub for meme coins, is being touted as a potential next meme coin to pump
Meme coins like Popcat, DogWifHat, and Pepe have seen their prices spike over the past day, sparking speculation that the crypto market may be on the cusp of a bull run. After years of tightening, the Fed’s decision last week to cut interest rates by 50 basis points has shifted market sentiment and sparked a surge of risk-on investments.
Popcat, DogWifHat, and Pepe Lead the Meme Coin Price Rally
Popcat (POPCAT) has jumped 34% in the last 24 hours, reaching $0.918 and coming within 7% of its all-time high. Meanwhile, DogWifHat (WIF) is up 15% to around $1.73, with trading volume rocketing 115% to $454 million. Pepe (PEPE) has also climbed 8% to $0.00000078, pushing its market cap back above $33 billion.
Overall crypto market sentiment improves as Bitcoin breaks $63k
The meme coin surge comes alongside a broader uptick in the crypto markets. The Fed‘s rate cut has boosted Bitcoin above $63,000, pulling up other coins as well. The Crypto Fear & Greed Index has shifted from Fear to Neutral, suggesting growing optimism. Short squeezes have also led to $200 million in daily liquidations.
Some see parallels with the meme coin frenzy in late 2023. It remains to be seen whether this rally has legs or is just a temporary blip.
Crypto All-Stars Preps to Join the Meme Coin Party
With meme coins popping, there is interest in newcomer Crypto All-Stars (STARS) joining the fray after its presale ends. The project is launching a first-of-its-kind MemeVault staking hub that lets users stake multiple meme coins like DOGE, PEPE, and FLOKI in one place. Crypto All-Stars has already raised over $1.4 million in its presale, with STARS tokens priced at $0.00014535.
Some influencers like ClayBro are predicting big gains for STARS once it lists publicly. While it’s early days, Crypto All-Stars looks ready to capitalize on the meme coin momentum.
Conclusion
The sudden meme coin resurgence has taken many by surprise. However, it aligns with improving market sentiment and liquidations of bearish leveraged positions. Crypto All-Stars’ unique MemeVault product drops just as interest in meme coins spikes, priming it for a potentially hot debut. With the Fed adopting a more dovish tone, the macro environment seems favorable for further meme coin gains.
