Cryptocurrency
Crypto All-Stars Set for DEX Launch Monday 23rd December After $26M Presale – Price Pump to Come?
Bitcoin’s sudden drop below the $100,000 mark on December 19th marked the start of a market-wide downturn that saw the broader crypto market cap dip to as low as $3.13 trillion after hitting a new ATH of $3.79 trillion on December 17th.
Altcoins followed suit, and the meme coin space suffered some of the heaviest blows, dropping below $100 billion and having its top five tokens dip 10-30% over the week.
As panic selling bolsters the losses over the past 48 hours, presales like Crypto All-Stars (STARS) reflect investors’ confidence in the potential rebound of meme coins. Crypto All-Stars concluded its presale phase amidst the market-wide drop, which didn’t prevent it from raising over $2 million from December 19th to December 21st.
Although the presale is now closed, investors will still have a chance to add STARS to their portfolios once it hits the DEXs at 2 PM UTC on December 23rd.
Crypto All-Stars Seeks to Unite All Meme Coin Holders Under One Roof
One-quarter of the project’s total token supply is allocated to powering and the development of its crown jewel – the MemeVault. MemeVault will offer meme coin holders a unique opportunity to stake all their tokens on a single platform rather than relying on multiple solutions.
The staking protocol is built to support tokens from multiple chains and leverages the ERC-1155 multi-token standard to provide its users with a flexible and scalable solution for their meme tokens.
With the MemeVault, Crypto All-Stars also intends to reward its users by enabling them to passively earn STARS as they stake other tokens. According to the presale’s website, the MemeVault will support DOGE, PEPE, SHIB, FLOKI, MOG, and several other tokens from day one.
Those holding STARS will earn additional rewards, up to three times higher, depending on the amount they hold, creating a strong incentive to purchase and hold the tokens. This could create scarcity in the supply and drive the price of STARS, benefitting its holders and the broader STARS ecosystem.
Those who already entered the presale don’t have to wait for MemeVault’s release to accumulate more STARS, though, as they can still stake their tokens on the project’s website, which offers a 137% staking APY.
The All-Stars are pumping!
With 26M raised this launch is set to be the biggest ever! pic.twitter.com/lgHgLdGm21
— Crypto All-Stars (@all_stars_coin) December 20, 2024
The Broader Crypto Market Could Stabilize Soon – Here’s What That Could Mean For STARS
Since the Personal Consumption Expenditures (PCE), which is the Federal Reserve’s (Fed) favorite measurement for inflation, increased by just 0.1% from October to November and was lower than expected at 2.8% year-over-year, the statistics point to inflation cooling.
That means the Fed may introduce less aggressive inflation policies on Friday when $6.6 trillion in financial contracts tied to stocks, ETFs, and indexes are set to expire. This could provide a favorable environment for risk assets like crypto, giving STARS a chance to explode as the markets stabilize.
Anticipating a “Santa Claus rally,” meme coin expert ClayBro believes Crypto All-Stars is positioned to make “fantastic gains.”
Beyond initial gains on launch, he sees its innovative multi-token staking protocol as a potential catalyst for its future soars. ClayBro also encourages his 134,000-strong YouTube audience to stake the STARS tokens they own while the staking APY is still high.
Several New Meme Coins Thrive Despite The Bearish Sentiment – Could STARS be Next?
Established meme tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB) are struggling to make gains and currently face 19.33% and 19.43% losses over the week, respectively.
The rest of the top five list is doing no better as meme coin traders sell off their assets anticipating a further decline. However, while the bearish market sees the leading coins fall, some of those who joined it recently are making gains.
Fartcoin (FARTCOIN), which entered the market in October, flipped Popcat to take the spot of the 10th largest meme coin after it gained 24.27% over the week, jumping from $0.63 to $0.7834.
Numogram (GNON) has also been gaining traction after a relatively slow November and early December. The low-cap meme token is now recording gains of 181.31% over the week and is one of the few green tokens in a sea of red.
As new entries to the market make impressive gains, it’s no surprise the STARS presale gained momentum, as investors expect it to be the next big hit even if the bearish trend continues.
STARS Could Repeat The Success of Pepe Unchained and Catslap Thanks to Best Wallet
Best Wallet, arguably one of the fastest-growing Web3 crypto wallets today, has listed STARS in its Upcoming Tokens hub, making it visible to over 100,000 of its monthly users.
Previously, the wallet boosted the visibility of Pepe Unchained (PEPU) and Catslap (SLAP), which made impressive gains in the first 48 hours after their DEX launch. PEPU went up by over 600%, while Catslap skyrocketed by over 5,700% two days after its Uniswap listing.
Although the tokens faced a correction since, like most of the market, STARS could replicate their success and offer large returns after it launches tomorrow, and those gains could grow further once the MemeVault goes live.
STARS Could be Set for Big Post Listing Gains
Since December 10th, STARS raised at least $1 million daily, and if that trend continues after it hits the DEXs, it could see a meteoric rise, as it’s designed to be held thanks to the MemeVault.
Although the presale ended, the project saw its community grow by another 3,000 since Friday, reaching 31,000+ followers across X (Twitter) and Telegram, which could indicate an increasing interest among those who haven’t joined the presale.
According to audits by Coinsult and SolidProof, the project’s smart contract has no errors in its code, meaning investor funds are safe. Plus, 10% of the total token supply is set aside for liquidity, reducing the risk of a rug pull and lowering slippage.
Interested parties could stay in touch with Crypto All-Stars’ social media channels for further announcements surrounding its launch, which is scheduled for 2 PM UTC tomorrow on Uniswap.
The token might see a price pump, so getting in early on the launch could present a good opportunity for crypto investors.
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TL;DR
- The XRP Army, arguably the loudest niche of the cryptocurrency community, frequently posts about the asset’s market potential, but some forecasts can go into the ‘ridiculous’ category.
- Although many might seem far-fetched, at least for the current market prices, ChatGPT noted that a double-digit price tag is not out of the question.
$29, $55?
Although XRP has been the object of countless massive price predictions, even before its explosive rally at the end of last year, we will focus on a more summarized version from this article, where the first two targets were set at $29 and $55.
The AI chatbot described the more modest one as “ambitious yet conceivable,” since it came from more renowned industry experts, such as Bitwise Research’s Oscar Ramos, who believes the asset can surge to such an impressive price tag if certain conditions are met.
At first, he highlighted the significance of a potential approval of a spot Ripple ETF in the States. Although the US SEC has delayed making a decision on a few listings, the chances for such products to hit the US markets this year are above 75%, according to Polymarket.
XRP’s price can also benefit if the token continues to gain traction in global financial systems and sees “widespread institutional adoption.”
The $55 target was categorized as “highly optimistic” by ChatGPT. It explained that such a price per token would require a market cap above $3 trillion, given the current available supply, which would put XRP above BTC.
“Such a surge would necessitate unprecedented adoption and utility, making this target highly optimistic under current market conditions,” – added the AI tool.
What About $100?
The last price target set by analysts was an entry triple-digit price. ChatGPT kindly dismissed it by putting it in the “speculative and unlikely” category. After all, such a price tag would put XRP’s market cap above those of Apple and Nvidia… combined.
“While some proponents argue that XRP could capture a significant share of global financial transactions, including SWIFT replacements and derivatives settlements, these scenarios are highly theoretical and face numerous regulatory and practical challenges,” – concluded the AI chatbot.
Although the predictions above might sound a bit (or a lot) far-fetched at the moment, this doesn’t mean that XRP lacks any market potential this year. In fact, you can check what ChatGPT thinks about the possibility of a $10 price tag for Ripple’s cross-border token – here.
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Cryptocurrency
Crypto Markets Shed Over $100 Billion After Trump’s Latest Tariff Threats (Weekend Watch)
Bitcoin’s price actions took a turn for the worse yesterday after US President Trump recommended a 50% general tariff against the European Union.
The altcoins have also bled out on a daily scale, with more than $100 billion leaving the space within this timeframe.
BTC Pushed Below $107K
In general, it was a very good, some would say historic, week for the primary cryptocurrency. It started on a volatile foot as it pumped from $104,000 to $107,000 on a couple of occasions on Sunday and Monday but was stopped in its tracks and driven south hard.
However, the bulls kept the pressure on, and that upper boundary finally gave in on Wednesday. Moreover, bitcoin rocketed past its January all-time high of $109,100 and set a new one at almost $110,000.
It was met with immediate resistance there and a drop to $106,500, but that was short-lived. Bitcoin began another, even more impressive leg up in the following hours and tapped a fresh peak at $112,000 on Pizza Day.
It retraced slightly to $111,000 on Friday but remained at around that level until the POTUS recommended a new set of tariffs against the EU to start from June 1. In minutes, BTC’s price tumbled below $107,500, bounced off, and then slipped again to under $107,000.
It has recovered some ground now and sits above $108,000, but it’s still over 2% down on the day. Its market cap has plunged to $2.150 trillion, while its dominance over the alts stands tall at 61% on CG.
Alts in Red
The altcoins have followed BTC on the way south, with substantial losses of up to 10% from the likes of DOGE, ADA, SUI, SHIB, LINK, and AVAX. Ethereum has slipped by over 5% and is now down to $2,550. XRP has dropped to just over $2.3 after a 4.4% daily decline.
Even more painful price drops are evident from ENA, WIF, TIA, S, IP, and PEPE as all of them have plunged by double digits.
The total crypto market has lost over $100 billion since yesterday and is down to $3.530 trillion on CG.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Ripple’s USD-pegged stablecoin, RLUSD, closed Q1 2025 with a combined market capitalization of $244.2 million across the XRP Ledger (XRPL) and Ethereum.
On XRPL alone, RLUSD reached a market cap of $44.2 million, making it the largest stablecoin on the network, according to the latest report by Messari. Due this growth, the total market cap of fungible tokens, known as Issued Currencies, surged by 6.5% QoQ to $281.5 million.
RLUSD Stablecoin: Q1 2025
Despite this milestone, stablecoin adoption on XRPL remains limited compared to dominant stablecoins like Tether (USDT) and USD Coin (USDC), which ended Q1 with total market caps of $144.0 billion and $60.1 billion, respectively, across all supported networks.
Historically, the introduction of a trusted stablecoin in a new execution environment has triggered major liquidity events, as seen with Cardano’s iUSD in 2023, often serving as a key pairing asset in automated market makers (AMMs).
Until recently, regulatorily compliant tokens like RLUSD, which feature Clawback – a mechanism on XRPL that lets issuers retrieve distributed tokens – were not compatible with the network’s automated market maker (AMM) due to the lack of Clawback support. This changed in January when the AMM Clawback amendment was implemented, allowing such tokens to be traded on the AMM.
The update is expected to boost AMM activity as more compliant assets launch on XRPL. Potential applications include enabling on-chain trading of previously illiquid real-world assets (RWAs), earning yields through AMM participation, and cross-chain price arbitrage.
Adoption Curve
RLUSD launched publicly on December 17, 2024, on both XRPL and Ethereum. It is fully backed by US dollar deposits, short-term US Treasuries, and other cash equivalents, with monthly attestations provided by third-party firms. In January, Ripple announced the integration of Chainlink Price Feeds on Ethereum to provide RLUSD pricing data.
In April, RLUSD was added to Ripple’s cross-border payment platform, Ripple Payments, while Kraken launched trading support. Additional Q1 listings came from LMAX Group, Zero Hash, and Bitstamp, joining Uphold, Bitso, MoonPay, Archax, CoinMENA, Independent Reserve, and Bullish.
Further boosting infrastructure around RLUSD, Korean custody provider BDACS signed a strategic partnership with Ripple in February to offer custody services for XRP, RLUSD, and other digital assets.
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