3 weeks ago
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Mog Coin (MOG) and Popcat (POPCAT) have both gained over 10% in the last 24 hours.
At the same time, the Crypto All-Stars (STARS) ICO is generating huge buzz – passing the $2 million funding milestone.
Mog Coin & Popcat Lead the “Cat Coin” Rally
Mog Coin, the lesser-known of the two coins, has surprised everyone with a 17% jump since yesterday.
MOG is now at $0.00000169 – its highest price since August 1st.
This continues the coin’s strong upward trend that started in early September, with MOG now up an enormous 142% in the past month.
The bullish momentum doesn’t seem to be slowing down, as more traders are becoming interested thanks to its relatively low market cap.
Not to be left behind, Popcat has also made solid gains.
The coin has climbed 11% to $1.41, pushing its market cap above $1.3 billion.
Demand for POPCAT has spiked – with trading volumes jumping 117% to $184 million since Sunday.
POPCAT has also seen an 11% boost in open interest.
As two of the more well-known names in the “cat coin” space, MOG and POPCAT’s surges are helping bring attention to this niche.
It seems to be helping – smaller coins like MEW and MICHI are also up significantly.
Crypto Market Sees Gains After Bullish U.S. Jobs Report
But it’s not just the cat coins that are seeing green.
The wider crypto market is also having a strong day, with Bitcoin breaking past $63,000, Ethereum pushing towards $2,500, and Solana approaching $150.
However, Sui is the biggest winner – up 14% since yesterday.
Overall, crypto trading volumes have jumped 75% in the past 24 hours as this market rally lifts almost all coins and tokens.
So, what’s prompting this bullishness?
Many traders are pointing to the surprisingly strong U.S. jobs report from last Friday.
The economy added 254,000 jobs in September – way above the expected 140,000.
On top of that, the unemployment rate dropped to 4.1%.
Together, these factors are easing fears that a recession could still be on the cards.
And that’s given investors confidence to dive back into riskier assets like crypto.
Plus, there’s still scope for two more rate cuts before the end of the year.
If the Fed cuts rates again, it could boost investor sentiment even further – encouraging even more investment in meme coins.
Crypto All-Stars Passes $2M in ICO & Prepares to Launch Groundbreaking “MemeVault” Feature
This broader market bullishness is creating the ideal environment for Crypto All-Stars.
As the first unified staking protocol for meme coins, Crypto All-Stars has now passed $2 million in its ongoing ICO.
The developers aim to shake things up by allowing meme coin holders to earn passive income on their assets.
At launch, the “MemeVault” will support 11 popular coins.
That means these previously useless coins will now have utility – helping retail traders maximize their returns.
Adding to MemeVault’s appeal is that it uses the ERC-1155 standard.
That means it can handle meme coins from Ethereum, Solana, Avalanche, Base, and other top chains.
And there’s even a secondary staking protocol for the native STARS token.
STARS holders can lock up their tokens and generate APYs of 714%.
No wonder over 1 billion STARS tokens have been staked already – all while the ICO is still live.
As the crypto market gains momentum, this rising star looks primed for a powerful launch in the coming weeks.
Top crypto YouTuber Crypto Wire believes that will be the case.
In a recent video, he noted the “huge profits” that STARS holders can attain through the MemeVault feature.
With these factors combined, things are looking good for Crypto All-Stars.
Some investors even believe it could explode like MOG and POPCAT once its ICO ends and STARS hits the open market.
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