meme indexThe first decentralized meme coin index, it has had an enthusiastic reception from the crypto community, with some even calling it the best cryptocurrency to buy now.
Its native token, MEMEX, has raised nearly $300,000 since pre-sales began in December, an early indicator of rapid post-launch adoption and high growth potential.
Unsurprisingly, the innovation and uniqueness have caught the attention of savvy investors, many of whom are calling it the next 10x cryptocurrency. Others have included MEMEX on their lists of the best cryptocurrencies to buy now.
Meme Index – The First Meme Coin Index
While some investors debate between utility coins and meme coins, high utility meme coins are becoming the real stars of the market. Instead of trying and failing to be the next Dogecoin, new projects are trying to follow in Floki’s footsteps.
meme index technical document claims that the project “represents a huge system in the meme coin ecosystem,” and for good reason. As the first decentralized meme coin index, it addresses a crucial need by aggregating entire market exposure into curated baskets, offering investors the best of all worlds.
In fact, Meme Index will introduce four different indices, allowing investors to choose based on their risk appetite.
The first is the Meme Titan index. Simply put, this basket will comprise large-cap and blue-chip companies, most of which will have a market cap of over $1 billion. As the whitepaper notes, “The Titan Index, like all other baskets, constantly changes with the tides of the meme coin market. Therefore, the community vote will dictate which meme coins are added or removed from the Titan Index keeping the basket active and fluid.”
Next up is the Meme Moonshot Index, which will include the tokens knocking on the billion-dollar door. Once again, the community will decide which projects will be included in the basket.
In third place is the Meme Midcap index, a high volatility bet. It will include projects with a valuation of between $50 and $250 million. These are often the meme tokens that end up offering the highest returns, considering they already have community support and still have growth potential. Binance, the world’s leading crypto exchange, has also included tokens within this group.
Finally, Meme Frenzy Index is the ultimate degenerative game, designed for those who are not worried about high risks and are looking for maximum profits. Crucially, the community will decide which projects will be included in this basket. Therefore, this index could be a way for retail investors (who are usually always late to the party) to arrive early.
The most important thing is that only MEMEX holders will be able to invest in the indices. Following its launch, holders will be able to stake their MEMEX coins, select the index of their choice and earn returns depending on the performance of the tokens in their respective baskets.
The best cryptocurrency to buy now
The reasons for the strong demand for MEMEX are obvious.
The Meme Index offers attractive prospects for investors of all bank balances and risk appetites. More cautious investors, including potentially institutional investors, can invest in the Meme Titan Index.
Meanwhile, those with a higher risk appetite can opt for the higher reward with the other three.
In particular, Meme Index has a lot to offer retail investors. As stated above, they typically lose high potential tokens until it is too late. However, they can simply invest in the basket of their choice and trust the community to choose the best alpha plays for them.
They don’t even have to wait for the index to be released. Early buyers of MEMEX can also stake their coins in the pre-sale staking pool, which currently offers passive income with a reward rate of over 5000% annually.
The project’s community-focused tokenomics, priority on security and transparency, and decentralized governance only make MEMEX more attractive to smart money investors.
Unsurprisingly, experts were quick to recognize the potential of Meme Index, with many including it in their lists of the best cryptocurrencies to buy now. Others are more explicit with their projections, calling it the next 10x cryptocurrency.
Interested buyers can visit the Meme Index pre-sale website, use the over-the-counter widget to purchase MEMEX, and potentially stake their coins for maximum returns. They are also recommended to follow the project instructions. unknown and Telegram account for the latest updates.
