The meme coin market is roaring back to life this week, with double-digit gains posted across several of the biggest meme tokens over the past 48 hours. Pepe and Dogecoin are two of the major coins leading the way with gains of 5.6% and 5.8%, respectively.
The bullish momentum isn’t limited to large-cap meme coins, either. A number of emerging tokens have posted explosive gains as well, and exciting presales like Crypto All-Stars are racking up investment at a rapid pace.
Let’s take a closer look at what’s happening in the meme coin market today.
Meme Coins Soar as Volume Jumps, Analysts Predict Upcoming Mega Cycle
After a lackluster August and early September, meme coins could finally be reversing their bearish trend. The bullish moves to kick off this week have seen trading volume in several meme coins more than double.
Dogecoin, for example, has seen more than $525 million $DOGE trade hands in the past 24 hours, compared to just $405 million trading at this point last week. Trading volume in $PEPE briefly climbed over $1 billion after hovering below $350 million 7 days ago.
In total, the meme coin sector has added $3.9 billion in market value since Friday.
While there’s no clear catalyst for the across-the-board price gains, crypto traders and analysts believe this could be the start of a sustained upward movement.
One analyst, @TATrader_Alan on X, looked back through Dogecoin’s price history and identified 3 mega cycles extending as far back as 2014. The end of each past mega cycle has delivered roughly 2x-3x gains in $DOGE, and he now predicts that Dogecoin could be entering the bull phase of its 3rd mega cycle.
Another analyst, Javon Marks, produced an analysis showing that $DOGE is nearing the end of a month-long falling wedge pattern. If $DOGE can break to the upside coming out of the pattern, Marks thinks the token could rise to a price target of $0.22—a 114% gain from today’s price.
The moves this week could also be meme coins setting up for an explosive fourth quarter, which has historically been extremely bullish for the crypto market.
Analysts predict that Bitcoin’s price could more than double to $150,000 by the end of the year, driving up meme coin prices at the same time. Bitcoin futures contracts suggest that TradFi traders are betting on a $BTC price around $80,000 by the end of the year.
It remains to be seen whether this week’s moves can be sustained, or whether this is just another bull trap. However, with bullish predictions from analysts and strong volume underlying the price movements, the gains of the past few days could be the real deal.
Crypto All-Stars Raises $1.2M for Unified Meme Coin Staking Platform
The jump in major meme coins is especially good news for Crypto All-Stars, a new project that offers meme token investors a chance to stake their coins and earn rewards in $STARS tokens.
The key to Crypto All-Stars is its Meme Vault, a secure protocol where investors in tokens like $DOGE, $PEPE, $SHIB, $FLOKI, and more can stake their meme coins. So, instead of selling meme coins to join Crypto All-Stars, investors can bring their existing coins with them.
Investors who hold tokens in the Meme Vault will earn rewards in Crypto All-Stars’ native $STARS token. Even better, investors who stake $STARS alongside their other tokens will earn 3x rewards.
That’s driven massive demand for $STARS during the Crypto All-Stars presale, which has raised more than $1.2 million already and looks likely to sell out early. As an added benefit, early investors who buy $STARS ahead of the Meme Vault’s launch can stake their tokens to earn an eye-watering 1,238% APY rewards rate.
Analysts are just as excited as meme coin investors about the potential of Crypto All-Stars, with several calling $STARS the next 10x meme coin. Meme coin analyst Crypto Boy went even further, predicting that $STARS could rocket 100x after it hits exchanges.
Right now, $STARS is available to buy during the presale with $ETH, $USDT, $BNB, or meme coins like $DOGE, $FLOKI, $SHIB, and $PEPE. Tokens are on sale at a discounted price of only $0.0014362, but you have to hurry—the next price increase in the Crypto All-Stars presale is just 48 hours away.
