The latest CPI results show that inflation in the United States is rising. This development is a relief for top cryptocurrencies like Bitcoin and Aptos (APT) .
When writing, Bitcoin is up, bouncing from below $60,000–a scare. However, it has not been smooth sailing for APT, the coin priming the Aptos ecosystem.
As Bitcoin rose, APT prices plunged. At press time, they are down 17% from the recent swing highs, which also mark Q4 2024 highs.
Aptos To Release 11.31 Million APT, Will Prices Dump?
Looking at fundamental factors, it could be a rough few weeks for APT. According to Token Unlocks, holders are bracing for another 11.31 million APT release within the next 12 hours.
With every unlock, coins are released into circulation. Since the market is weak and confidence is low, the resulting supply negatively impacts prices.
(Source)
Presently, Aptos has released over 390 million APT.
In April, when more APT coins were released, prices crashed. By August, the coin was down nearly 74%, down from around $18 recorded in early April.
(APTUSDT)
The question remains: Will this release and the growing supply of APT exert even more bearish pressure on Aptos? Will the downtrend from Q2 2024 continue?
As fears mount that Aptos will post even more losses, smart investors are exploring alternatives.
Crypto All-Stars Presale Raises Over $2 Million, Will STARS 10X?
Top of the list is Crypto All-Stars (STARS), a new meme coin staking platform that has been garnering attention from crypto investors.
Over $2.1 million has been raised in the ongoing Crypto All-Stars presale.
What’s more? Investors can buy each STARS for just $0.0014887.
However, this is the price for this presale stage. As it progresses, prices will rise. This is the perfect time to buy STARS for those who believe the token is undervalued.
It is easy to see why.
Crypto All-Stars offers meme coin holders of Dogecoin, Shiba Inu, and even Brett the chance to stake and earn STARS rewards.
Through the MemeVault feature, users can stake multiple meme coins simultaneously, reducing costs and improving efficiency.
As more meme coins are locked, it is clear that the demand for STARS will rise–a net positive for early investors.
The ability to stake multiple tokens at once is possible because Crypto All-Stars uses the ERC-1155 standard.
If you don’t own meme coins and are an investor of STARS, you can choose to stake.
Staking incentivizes early adopters to hold on to their coins and not sell.
Stakers receive an APY of 680%, a yield that’s one of the highest in the space. The prospects of earning high yield explain why over 1 billion STARS have been locked.
Analysts are confident of what lies ahead. Some on YouTube think the token can easily 10X once STARS launches on top exchanges.
EXPLORE: XRP Launches New Crypto Storage Service: A Game-Changer For Banks
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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