The decentralized index platform Meme Index ($MEMEX) has raised more than $3.3 million in its presale as investors are looking for the best way to make returns in the ever-popular meme token market.
Meme Index has captured investor attention by offering a platform that helps traders spread risk while maximizing potential returns. It is launching with four distinct meme coin indexes, each tailored to different risk profiles.
This diversified strategy means that even if only one or two coins in a basket rally, investors can still see solid profits. That’s because of the tendency of new meme tokens to significantly outperform the broader market.
However, the only way to access its indexes is to purchase its native $MEMEX token. It is currently available at a price of $0.0159077, which can rise very soon.
Indexes are the Easiest Way of Navigating the Increasingly Crowded Meme Coin Market
Launched last year, Solana’s Pump.fun has since become the leading way of issuing new meme coins. Data from Dune Analytics indicates over 47,000 new coins were created using the platform in the past 24 hours.
It’s very hard picking winners out of such a huge cohort of new tokens. Many tokens witness big gains when they list for the first time but then collapse completely. For example, the recently launched $ROPE, which rose to a market cap of almost $6 million. It netted 15 lucky traders over $10,000 in profits.
We see something similar with another new token, McDonald’s McValue ($MCVALUE). It hit a market cap of $2.74 million on February 3, according to DEX Screener. However, both tokens have plunged by nearly 99% since peaking. That shows how difficult it is to determine which new tokens will have real longevity.
Conversely, even tokens that became hugely successful, such as Fartcoin ($FARTCOIN) or Bonk ($BONK), may have seemed completely ridiculous to many traders at first glance before they outperformed the market.
So, it raises the important question of which strategy to adopt for meme tokens, with two main approaches usually prevailing.
The first is simply to stick with established coins, such as Dogecoin ($DOGE), Shiba Inu ($SHIB), and Pepe ($PEPE). They have shown their staying power but perhaps don’t rise so dramatically anymore. The second is to buy as many new meme coins as one can afford, which seem potentially promising. However, it introduces problems of cost and also of wallet management.
The drawbacks of both approaches help explain why a solution, such as the Meme Index, is necessary. It enables investors to diversify into new meme coins and also stick with bigger tokens.
Meme Index Caters to Traders of All Stripes
Meme Index will launch with four distinct crypto indexes, each tracking meme tokens with different caps and risk profiles. That means investors can pick an index suited to their particular appetites for risk and invest in multiple indexes simultaneously.
The flagship offering is the Meme Titan Index. It features meme coins with market caps of at least $1 billion, such as $DOGE, $SHIB, and $PEPE. This index may not enjoy dramatic surges, but it should avoid massive capitulations while also delivering steady gains.
Upping the risk level slightly is the Moonshot Index, which will incorporate tokens with $250 million to $1 billion caps. In exchange for a greater level of risk, this index should provide a greater probability of big returns. That’s because it will select tokens on the brink of big growth.
Next up is the Midcap Index, which will cover coins with caps between $50 million and $250 million. These coins may have launched only very recently and could, therefore, take off with only a few significant exchange listings or pieces of adoption news.
https://twitter.com/memecoin_index/status/1871547998783910059
Perhaps the most interesting index is the Meme Frenzy Index, which will target the newest meme tokens in the market. While some of these tokens may end up having short lifespans, many could end up becoming the next big thing.
How Does the Meme Index Put You in Control?
Meme tokens are often so volatile that we see new examples enter market leaderboards on a regular basis, as was the case with the arrival of Official Trump ($TRUMP) in January.
The Meme Index has an answer to this changeability. Its native token, $MEMEX, grants holders the right to vote on changes to the indexes it offers. It means community members can vote on new additions to existing indexes. They can also vote on the creation of new indexes altogether.
This decentralization gives community members the ability to collaborate on building meme token investment strategies. They can easily adapt to a rapidly changing environment.
Combined with its ability to spread risk, its governance model is one of the main reasons why crypto influencers are already predicting big things for the Meme Index. For example, popular crypto influencer NASS Crypto believes that $MEMEX will enjoy massive gains once it lists, thanks to the utility it offers.
Buy $MEMEX Early to Become One of Meme Index’s First Users
Meme Index is due to launch in the next few weeks. Its presale allows early investors to buy $MEMEX at a discount. It also allows them to jump the queue and become one of the first users of the index platform.
You can join the sale by going to the Meme Index website and connecting your wallet (e.g. Best Wallet). You can then purchase $MEMEX using USDT, ETH, BNB, or a bank card. One of the other selling points of $MEMEX is that you can begin staking it even before it lists. Its pool is currently offering a yield of 768% APY.
Meme Index has been audited by trusted firms Coinsult and SolidProof, who have certified the security of its smart contract. Stay up-to-date with the latest Meme Index news by joining its community on Telegram and X.
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