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Meme Index ($MEMEX) has surged previous $400,000 on Christmas Day as buyers pile into a brand new presale token that allows them to spend money on diversified baskets of meme cash for the primary time.
The challenge assembles 4 baskets of meme cash with various levels of threat, aiming to keep away from concentrating publicity on any single unstable asset.
There may be additionally room for flexibility, because the belongings inside every index will be adjusted based mostly on the consensus of the Meme Index neighborhood. This permits for the inclusion of rising meme cash or further allocations of extra established ones.
All of those indexes and the flexibility to change them are made doable by Meme Index’s governance token, $MEMEX, which is presently solely obtainable by means of its token presale.
The token’s present value is $0.0146285, however it’s going to enhance to $0.014687 within the subsequent 48 hours to kick off its subsequent funding stage.
Meme Index Reduces Danger By Giving Traders Diversified Baskets Of Meme Cash
Market observers are nicely conscious that meme cash are rising as one of many prime crypto performs in 2024. This newly legitimized sector has demonstrated its collective power, reaching over $137 billion in worth this 12 months.
Breakout cash which have surged to billion-dollar valuations this 12 months alone embody Pepe ($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 $11.7 million.
Peanut the Squirrel value at this time, PNUT to USD dwell value, marketcap and chart | CoinMarketCap
These tokens have undoubtedly outperformed Bitcoin ($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 buyers, it might probably nonetheless be tough to find out which one has the potential to “go to the moon.”
Meme Index modifications the “betting the farm” method by permitting buyers to diversify their publicity throughout a whole basket of meme cash, serving to mitigate volatility.
Whereas meme coin investing is as unstable because it will get within the crypto area, including a variety of tokens might assist steadiness the chance if a number of the high-potential cash don’t obtain fairly a “Neil Armstrong touchdown.”
Meme Index Gives 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 threat, 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 $PEPE). These huge gamers provide stable returns with much less volatility than Bitcoin ($BTC) or Ethereum ($ETH) however nonetheless present loads of upside potential.
Alternatively, the Moonshot Index ramps up the chance, because it consists of cash which can 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 would problem the highest 10 meme cash.
Subsequent, the Midcap Index presents much more threat for the prepared investor. The meme cash on this index are extra unstable, 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 – definitely not for the faint of coronary heart. However for these looking for to improve their Honda Civic to a Lamborghini, that is the index for them.
With these 4 indexes, the Meme Index permits buyers to decide on their threat degree and discover the appropriate match for his or her portfolio. To get began, buyers should safe their $MEMEX tokens.
How To Purchase The $MEMEX Presale
To grow to be a $MEMEX holder, go to the Meme Index crypto presale web site and join your pockets. $MEMEX tokens will 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 getting 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 will be staked instantly on the Meme Index staking protocol, which presently presents a formidable 4,350% APY.
The Meme Index has handed good contract audits from two main corporations, Coinsult and SolidProof, confirming that there aren’t any vital points in its code.
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