Crypto’s First Meme Coin Index Meme Index Raises Over $400K in Presale on Christmas Day
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The holiday spirit seems to be with the Meme Index ($MEMEX), as it has now raised over $400,000 in its presale on Christmas Day.
Crypto’s first meme coin index assembles four baskets of meme coins with varying degrees of risk, aiming to avoid concentrating exposure on any single volatile asset.
There is also room for flexibility, as the assets within each index can be adjusted based on the consensus of the Meme Index community. This allows for the inclusion of emerging meme coins or additional allocations of more established ones.
All of these indexes and the ability to modify them are made possible by Meme Index’s governance token, $MEMEX, which is currently only available through its token presale.
The token’s current price is $0.0146285, but it will increase to $0.014687 in the next 48 hours to kick off its next funding stage.
Meme Index diversifies risk in meme coin investing
Market observers are well aware that meme coins are emerging as one of the top crypto plays in 2024. This newly legitimized sector has demonstrated its collective strength, reaching over $137 billion in value this year.
Breakout coins that have surged to billion-dollar valuations this year alone include Pepe ($PEPE), DogWifHat ($WIF), and MogCoin ($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 equivalent to turning $1,000 into $11.7 million.
Peanut the Squirrel price today, PNUT to USD live price, market cap and chart | CoinMarketCap
These tokens have undoubtedly outperformed Bitcoin ($BTC), despite its ascent to over $100,000 per token. However, with the abundance of meme coins that have changed fortunes for many investors, it can still be tricky to determine which one has the potential to “go to the moon.”
Meme Index changes the “betting the farm” approach by allowing investors to diversify their exposure across an entire basket of meme coins, helping mitigate volatility.
While meme coin investing is as volatile as it gets in the crypto space, adding a range of tokens could help balance the risk if some of the high-potential coins don’t achieve quite a “Neil Armstrong landing.”
Meme Index offers four indexes with varying levels of risk
Meme Index offers four indexes: the Titan Index, Moonshot Index, Midcap Index, and Meme Frenzy Index. Each index carries varying levels of risk, as they are comprised of tokens with different alphas.
The Titan Index, for example, is perhaps the blue-chip index for meme coins. It consists of the top 10 tokens in the sector with a market cap of over $1 billion (e.g., $DOGE, $SHIB, and $PEPE). These big players offer solid returns with less volatility than Bitcoin ($BTC) or Ethereum ($ETH) but still provide plenty of upside potential.
On the other hand, the Moonshot Index ramps up the risk, as it consists of coins that are listed (or soon to be listed) on major exchanges but haven’t yet reached a $1 billion market cap. These tokens are on the rise, with a large following that could challenge the top 10 meme coins.
Next, the Midcap Index offers even more risk for the willing investor. The meme coins in this index are more volatile, with market caps ranging between $50 million and $250 million. Tokens in this basket can quickly rise to Moonshot or even Titan status – or take an abrupt dive.
Finally, for the true risk-takers, the Meme Frenzy Index is where the high-risk, high-reward action happens. It’s a basket of crypto that can either skyrocket or crash – certainly not for the faint of heart. But for those seeking to upgrade their Honda Civic to a Lamborghini, this is the index for them.
With these four indexes, the Meme Index allows investors to choose their risk level and find the right fit for their portfolio. To get started, investors must secure their $MEMEX tokens.
Here’s how to buy $MEMEX tokens
To become a $MEMEX holder, visit the Meme Index crypto presale website and connect your wallet. $MEMEX tokens can be purchased using $USDT, $ETH, $BNB, or even a bank card.
Meme Index has a total token supply of 15 billion, with 15% (2.25 billion $MEMEX) allocated for purchase during the presale.
In addition to gaining access to the indexes, $MEMEX tokens also serve as governance tokens, granting users voting power to influence how the current indexes are structured.
Newly purchased tokens can be staked immediately on the Meme Index staking protocol, which currently offers an impressive 4,350% APY.
The Meme Index has passed smart contract audits from two leading firms, Coinsult and SolidProof, confirming that there are no critical issues in its code.
Join the Meme Index community on Telegram and X (formerly Twitter) for the latest news and updates.
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