Dogecoin, the first and still the largest meme coin, saw its price skyrocket 18% in the last 24 hours as the US election wrapped up, and Donald Trump took the lead.
The coin, famously endorsed by Elon Musk many times over the years, surged from the price of $0.1697 to $0.2118 earlier today, before correcting slightly, and then surging again. Right now, the meme coin is seeing its price continue to surge, as analysts suggest that Trump’s victory in the US election is likely to be viewed positively by the crypto community.
Prior to the election, Trump proposed establishing the new Department of Government Efficiency (D.O.G.E.) — and putting Elon Musk in charge of it, if he gets elected. With the election now officially concluded with Trump as the winner, the move is likely to increase Musk’s influence in the crypto sector, and further boost the investors’ interest in Dogecoin.
With that being the case, Trump’s victory may kick off the next big crypto rally, and potentially even allow Dogecoin to surge back to its all-time high of $0.7376, achieved in May 2021.
Due to the overwhelmingly bullish market right now, many are buying high-potential coins and tokens like Dogecoin. However, expert investors keep pointing out the value of buying new cryptos that are still in presale, especially those that have valuable utilities. These utilities are likely to propel their prices forward with or without the upcoming rally, with the bull run likely only helping them get further, once it finally kicks off.
One example is Crypto All-Stars (STARS), which promises to revolutionize staking in the meme coin sector.
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Stake Your Entire Meme Coin Portfolio With Crypto All-Stars
Staking has grown to be one of the biggest DeFi activities, and it spread throughout the crypto sector as a much safer way to make earnings from cryptocurrencies than trading. However, until now, stakers had to stake each coin and token into separate smart contracts.
Crypto All-Stars changed that by launching MemeVault – a new type of staking smart contract that supports multiple cryptos. With a focus on the meme coin sector, all of the supported cryptos are meme coins, such as DOGE, SHIB, PEPE, FLOKI, BRETT, TURBO, MOG, and more. So far, the project supports about a dozen meme of the largest meme coins, with more to be added later on.
This positions it as the heart of the meme coin staking of the future, while the process itself becomes quick, simple, and more available. This is also why the STARS presale blew up, raising over $3.09 million as of November 6.
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Meanwhile, the STARS token’s price is still only a fraction of a cent, selling at only $0.0015494 apiece. You can buy it with DOGE, SHIB, ETH, USDT, BNB, FLOKI, PEPE, or your credit/debit cards if you prefer to use fiat currencies.
