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A new bearish wave hit the crypto market on October 31, marking the end of the so-called ‘Uptober,’ and the start of November. While this is only a small, short-term drop that signals the end of the crypto industry’s historically most profitable month, it might still carry significant consequences for investors.
The End Of October Disrupts The Crypto Price Surge
Crypto prices have seen a sharp drop, with Bitcoin, for example, breaking a support at $72k, to which it dropped after nearly hitting its old ATH two days earlier. After dropping under $72,000 apiece, the coin spiraled down to $69k, from where it already started recovering. Now, the only question is how far it will go, and which resistance will stop its progress.
Similar price performances were seen among many other cryptos that follow Bitcoin’s lead, including many in the meme coin sector. Several of the top-ranking meme coins, such as DOGE, MOG, MEW, NEIRO, and others, have seen a price decline of around 10%.
Some expect November to bring the start of the next bull run, which is not out of the question, especially if the ongoing US elections brings the results that might be considered preferable for the crypto sector.
The next big bull run has been expected ever since Bitcoin’s block rewards halving that took place earlier this year, and now, both traders and investors are getting more excited by the day. Of course, there are also those who find short-term trading too risky and would rather engage in safer ways of profiting from digital currencies.
Such industry members might be interested to learn about a project called Crypto All-Stars, which is currently in the presale stage.
JOIN THE STARS ICO AND START STAKING MAJOR MEME COIN IN ONE PLACE
Crypto All-Stars Could Revolutionize Meme Coin Staking
Being one of the newest meme coins on the market, Crypto All-Stars (STARS) is a project that stood out from many others thanks to its innovative new smart contract known as MemeVault.
This is a new staking platform, and a rather unique one, at that. Unlike other staking smart contracts that only allow users to stake a single crypto — the native coin or token of the project that has created the contract — meme vault is a multi-coin contract with a focus on the meme coin sector.
In other words, it lets you stake up to about a dozen meme coins, including STARS itself, but also DOGE, BRETT, TURBO, PEPE, FLOKI, SHIB, MOG, and others. Not only that, but more meme coins will be supported in the future.
BUY STARS BEFORE ITS PRICE GOES UP AGAIN
Thanks to MemeVault, Crypto All-Stars positioned itself at the center of the meme coin staking, while at the same time, it made it simpler, more efficient, and more approachable.
As a result, its ICO also blew up, raising over $3.05 million, and is currently rushing toward the $3.5 million mark. If you decide to join, you can buy the STARS token with USDT, ETH, BNB, DOGE, SHIB, FLOKI, PEPE, or your credit/debit card for only $0.0015371 apiece.