Skibidi Toilet Meme Coin Hits New All-Time High Could Crypto All-Stars Follow Suit After Raising $2.1M?
The Skibidi Toilet (SKBDI) meme coin, inspired by those weird singing bathroom fixtures, just hit an all-time high.
And with Crypto All-Stars (STARS) hitting $2.1 million in presale, many are wondering if this new staking project could follow suit.
Skibidi Toilet Meme Coin Where Internet Humor Meets Real Gains
What is it about Skibidi Toilet thats got everyone talking?
Picture this: an army of singing toilets battling camera-headed foes.
Thats the meme behind the madness.
And SKBDI, a meme coin on Solana, is paying homage to it in a big way.
SKBDIs price just hit $0.649 this morning, which marks a new all-time high for the coin.
Its cooled off a bit since, trading around $0.515, but that hasnt stopped it from climbing to 16th place on CoinMarketCaps trending list.
Trading volumes have also surged 113% since yesterday and SKBDIs market cap is now above $36 million.
Unsurprisingly, this coin has zero real-world utility.
Its simply a joke token.
But in the meme coin space, sometimes thats all it takes to go viral on social media and produce enormous returns for investors.
As such, SKBDI is yet another example of just whats possible in this space.
Smaller Cryptos Outperform Despite Broader Crypto Market Slump
While SKBDIs been rallying, the rest of the market isnt exactly thriving.
Bitcoin is hovering around $61,200, and Ethereum is stuck at $2,400.
Most coins are just trading sideways after the dip earlier in the week.
And that means the global crypto market cap, which totals the values of all cryptocurrencies, is stagnant at $2.13 trillion.
UNI is the only major token to post any real gains in the last day.
The mood is grim overall evidenced by the Crypto Fear & Greed Index being at 39.
Thats firmly in Fear territory.
But despite the general market blues, SKBDI continues to perform well alongside some smaller-cap coins.
For example, PROS and DEAI are rising.
Its a strange contrast while most of the market is feeling cautious, theres still an appetite for under-the-radar cryptos.
So, what does this tell us?
It suggests that even when the big names are struggling, crypto investors are still willing to take chances on more volatile plays.
Its a reminder that theres always action somewhere, regardless of the broader market conditions.
Crypto All-Stars $2.1M Presale Success Positions It as New Meme Coin Contender
Speaking of low-cap plays, lets talk about Crypto All-Stars.
This project has been going viral, raising over $2.1 million in its presale.
The main reason for all this buzz is its MemeVault feature.
Many retail investors have a bunch of meme coins in their crypto wallets just sitting idle.
But with MemeVault, these investors can stake them all in one place and earn STARS rewards.
So, instead of just HODLing Dogecoin and Shiba Inu, investors can put them to work.
MemeVault is the first staking platform to support multiple meme coins across different blockchains.
This model could be huge for active meme coin traders.
And the projects early presale success is telling.
It suggests genuine interest in Crypto All-Stars goal of bringing some utility to the meme coin space.
Plus, with a DEX listing scheduled for once the presale ends, this might just be the start of STARS journey.
But could Crypto All-Stars match SKBDIs explosive rally?
YouTuber ClayBro thinks so, highlighting the huge surge in demand for STARS tokens in the past week.
Fellow YouTuber Fred Crypto even speculated STARS could 50x in price.
Endorsements like these are boosting all the hype around Crypto All-Stars.
With its unique approach to staking, growing presale buzz, and upcoming exchange debut, its a project that many are keeping an eye on.
Visit Crypto All-Stars Presale
Disclaimer: The above article is sponsored content; its written by a third party. CryptoPotato doesnt endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotatos full disclaimer.
The post Skibidi Toilet Meme Coin Hits New All-Time High Could Crypto All-Stars Follow Suit After Raising $2.1M? appeared first on CryptoPotato.
Text source: CryptoPotato
