Here's where PEPE price is headed next as raising presale breaks $2 million

Meme coins are back in action. Can Pepe reclaim its all-time high this year, or will it struggle to maintain the third position on the meme coin chart amid fierce competition?

Pepe’s road ahead

Pepe pumped above 30% in the recent crypto rally. While the broader market sentiments have helped, more factors are at play. For example, BitMEX founder Arthur Hayes bought 24.39 billion PEPE tokens worth $252,000, kindling a buying frenzy.

“It's time for a meme coin breakout. I respect my $MOTHER, I $MOG like no one else, but I can't neglect $PEPE,” he posted on X.


https://x.com/spotonchain/status/1839565154075476140

The PEPE chart shows that the token has been trading in a descending channel since hitting an all-time high in May at a $7 billion market cap. However, the price has broken out of this channel, capitalising on the broader market recovery in mid-September. The 200-day MA (moving average) has flipped into support, signalling a potential shift in sentiment.

The RSI, however, is now in the overbought range. A price correction could be on the horizon for Pepe. Dizzying price surges and dramatic falls are core features of meme coins. Whether the Pepe price will climb high to reclaim its all-time high or descend below the 200-day MA remains to be seen.

Meanwhile, new meme coins are capturing the attention of investors with low initial market caps, new themes, and creative functionalities.

Crypto All-Stars crosses $2 million in presale

Crypto All-stars (STARS) is bringing a multichain, called MemeVault, to the market. The passive income model is set to potentially demonstrate that the meme-coin market has more to offer than speculation. The STARS presale has raised $2.5 million so far, and the $3 million milestone is now very close.

Crypto All-Stars aims for long-term sustainability through utility, taking inspiration from projects like Shiba Inu and Floki Inu. However, there is a key difference. SHIB and FLOKI focus on building utilities around their tokens. Crypto All-Stars, on the other hand, caters to the broader memecoin ecosystem with its unified staking system.

MemeVault: Turning meme coins into passive income

This project presents an approach to integrating purpose into meme coins. Investors who stake $STARS tokens can potentially earn higher staking APYs.

When MemeVault officially launches, it will support eleven popular meme coins. The unified platform is aimed at investors looking to put their idle meme coin investments to work as they wait for value appreciation.

Community and influencer support

With over 16,000 followers on X (formerly Twitter), Crypto All-Stars is building awareness around its upcoming staking protocol. Top crypto influencers have also taken note of the project. ClayBro, who has over 130k subscribers on YouTube, is one of them.

Could $STARS outshine Pepe?

Pepe has a market cap of $4 billion and a community of 660,000 followers on X (formerly Twitter) Although projects like Dogwifhat and Bonk threatened Pepe’s dominance earlier this year, it holds the third rank in the memecoin market With a market cap of $4 billion and a community of 660,000 followers on X

Due to its focus on broader market utility, STARS is a meme coin potentially worth paying attention to in Q4. In addition, its lower initial market cap leaves more space for growth and expansion than Pepe. For example, NEIRO and POPCAT outperformed PEPE in the recent rally

Visit the Crypto All-Stars websitei

Name: Crypto All Stars
Email: commercial@cryptoallstars.io

*You must be at least 18 years old to access this site.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.