Meme coins have opened the week in a sea of green as the wider crypto market shows strength.
The Monday open is always a crucial indicator, illustrating the synergy (or lack of) between crypto and traditional financial (TradFi) markets. This week, meme coins have shown a decoupling from TradFi, with Asian markets opening red.
That could signal that traders will flock to meme coins this week, undeterred by external forces. Should that occur, it could be a strong period for the sector. With that in mind, let’s look at five to watch.
Crypto All-Stars is a trending presale project that enables staking for all the top meme coins.
This unique concept makes Crypto All-Stars’ native utility token, $STARS, a diversified bet across the entire joke token sector.
In weeks like this that start bullish, $STARS could be in high demand.
$STARS holders can stake all the top meme coins, including Dogecoin, Shiba Inu, Pepe, Bonk, and Floki, inside the project’s “MemeVault” and generate passive rewards.
And the more $STARS they hold, the more rewards they can earn.
Holders can also stake their $STARS tokens for extra rewards. While the MemeVault has yet to launch, $STARS staking is live in the presale and provides a 1,200% APY.
The Crypto All-Stars presale has raised $1.1 million so far. The price is currently $0.0014305, but this will rise in one day.
Neiro Ethereum has been flawless this week. It’s currently up 211% week-on-week, and its momentum has continued today with a 27% pump.
This follows a Binance futures contract listing, which stoked excitement that a spot listing may follow.
But there are other reasons to watch Neiro Ethereum this week. It also has incredible support from industry analysts. For instance, Eric Cryptoman (220K followers on X) said it is “about to go parabolic.”
Also, Neiro Ethereum is also one of the only meme coins that receive a follow from the official Shiba Inu X account.
Combined, these factors present Neiro Ethereum with an exciting outlook. Should its strength continue, it will be looking to challenge the big five meme coins in the months ahead.
NEIRO is currently trading at $0.16 with a $160 million market cap and a $75 million 24-hour trading volume.
Until 2024, dog and frog-themed meme coins took center stage. But this year, the cat trend has emerged. Countless projects have tried to become the go-to cat coin, but it has been a close race so far.
However, a new BNB chain project, Simon’s Cat, has emerged and has garnered substantial momentum.
It has the unique bonus of owning the intellectual property rights to the “Simon’s Cat” brand. This opens the project to potential future use cases, including releasing official merchandise or hosting official in-person events.
Simon’s Cat also partnered with the prominent meme coin Floki, allowing users to earn rewards for trading CAT through Floki’s trading bot.
1.5% of its total supply has been allocated to the scheme, and users will receive their trading fees returned, plus a 5% bonus on each trade.
CAT has also been a strong performer in the past seven days, up 25%.
Pepe Unchained is a meme coin with its own layer 2 blockchain. The project is currently undergoing a presale, which has raised $12.5 million so far.
Its utility-rooted use case sets it apart from other meme coins on the market. While harnessing Pepe’s viral allure, its layer 2 utility adds real staying power.
The layer 2 network will be inherently focused on meme coins. Devs could launch their joke tokens or create meme coin-related applications.
It will be 100x faster and much faster than Ethereum. The project also boasts features like a dedicated Ethereum bridge, staking, and a block explorer.
While “Pepe Chain” has yet to launch, staking is live. It currently offers a 163% APY.
The project’s $12.5 million total raise reflects significant interest from market participants.
This is a good sign for its future price potential, with this demand likely continuing into its exchange launch.
Investors can buy $PEPU for $0.0095743, but this price will rise later today.
The United States presidential elections are less than two months away, and the polarity of the two frontrunners has drawn considerable attention.
For many in the crypto industry, Donald Trump’s unapologetic stance on a free market and minimal governmental oversight has struck a chord, not to mention his pro-crypto policies.
So it should be no surprise that dozens of meme coins, including MAGA, have blossomed in his honour.
Trump has even gone as far as saying he wants to make America the “crypto capital of the planet.”
Meanwhile, his polling position is strengthening in the leadup to a forthcoming debate against his counterpart, Kamala Harris.
Should Trump perform well in the debate – which will happen on Tuesday – the value of MAGA could skyrocket.
Currently, MAGA is trading at $3.37, up 7% today and 10% this week. It has a $148 million market cap and a $3.4 million 24-hour trading volume.
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