Meme Index, Crypto’s First Meme Coin Index, Hits $400K Milestone On Christmas Day

Meme Index ($MEMEX) has surged previous $400,000 on Christmas Day as traders pile into a brand new presale token that permits them to spend money on diversified baskets of meme cash for the primary time.

The venture assembles 4 baskets of meme cash with various levels of danger, aiming to keep away from concentrating publicity on any single risky asset.

There’s additionally room for flexibility, because the property inside every index might be adjusted based mostly on the consensus of the Meme Index neighborhood. This permits for the inclusion of rising meme cash or extra allocations of extra established ones.

All of those indexes and the power to change them are made potential by Meme Index’s governance token, $MEMEX, which is at the moment solely obtainable by means of its token presale.

The token’s current price is $0.0146285, however it is going to enhance to $0.014687 within the subsequent 48 hours to kick off its subsequent funding stage.

Meme Index Reduces Danger By Giving Buyers Diversified Baskets Of Meme Cash

Market observers are properly conscious that meme cash are rising as one of many prime crypto performs in 2024. This newly legitimized sector has demonstrated its collective energy, reaching over $137 billion in worth this 12 months.

Breakout cash which have surged to billion-dollar valuations this 12 months alone embrace Pepe ($PEPE), DogWifHat ($WIF), and Mog Coin ($MOG), which have skyrocketed year-to-date (YTD) by 1,230%, 1,226%, and 4,918%, respectively.

Some newer tokens, like Peanut the Squirrel ($PNUT), have seen an astronomical rise of 1,170,099% – all since November. That’s equal to turning $1,000 into $11.7 million.

Peanut the Squirrel price today, PNUT to USD live price, marketcap and chart | CoinMarketCap

These tokens have undoubtedly outperformed Bitcoin ($BTC), regardless of its ascent to over $100,000 per token. Nevertheless, with the abundance of meme cash which have modified fortunes for a lot of traders, it might probably nonetheless be tough to find out which one has the potential to “go to the moon.”

Meme Index adjustments the “betting the farm” method by permitting traders to diversify their publicity throughout a complete basket of meme cash, serving to mitigate volatility.

Whereas meme coin investing is as risky because it will get within the crypto area, including a spread of tokens might assist stability the danger if among the high-potential cash don’t obtain fairly a “Neil Armstrong touchdown.”

Meme Index Presents 4 Meme Coin Indexes With Completely different Ranges Of Danger

Meme Index presents 4 indexes: the Titan Index, Moonshot Index, Midcap Index, and Meme Frenzy Index. Every index carries various ranges of danger, as they’re comprised of tokens with totally different alphas.

The Titan Index, for instance, is maybe the blue-chip index for meme cash. It consists of the highest 10 tokens within the sector with a market cap of over $1 billion (e.g., $DOGE, $SHIB, and $PEPE). These massive gamers provide strong returns with much less volatility than Bitcoin ($BTC) or Ethereum ($ETH) however nonetheless present loads of upside potential.

Then again, the Moonshot Index ramps up the danger, because it consists of cash which might be listed (or quickly to be listed) on main exchanges however haven’t but reached a $1 billion market cap. These tokens are on the rise, with a big following that might problem the highest 10 meme cash.

Subsequent, the Midcap Index presents much more danger for the keen investor. The meme cash on this index are extra risky, with market caps ranging between $50 million and $250 million. Tokens on this basket can shortly rise to Moonshot and even Titan standing – or take an abrupt dive.

Lastly, for the true risk-takers, the Meme Frenzy Index is the place the high-risk, high-reward motion occurs. It’s a basket of crypto that may both skyrocket or crash – actually not for the faint of coronary heart. However for these in search of to improve their Honda Civic to a Lamborghini, that is the index for them.

With these 4 indexes, the Meme Index permits traders to decide on their danger degree and discover the best match for his or her portfolio. To get began, traders should safe their $MEMEX tokens.

How To Purchase The $MEMEX Presale

To turn into a $MEMEX holder, visit the Meme Index crypto presale website and join your pockets. $MEMEX tokens might be bought utilizing $USDT, $ETH, $BNB, or perhaps a financial institution card.

Meme Index has a complete token provide of 15 billion, with 15% (2.25 billion $MEMEX) allotted for buy throughout the presale.

Along with having access to the indexes, $MEMEX tokens additionally function governance tokens, granting customers voting energy to affect how the present indexes are structured.

Newly bought tokens might be staked instantly on the Meme Index staking protocol, which at the moment offers an impressive 4,350% APY.

The Meme Index has handed sensible contract audits from two main corporations, Coinsult and SolidProof, confirming that there aren’t any important points in its code.

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