Meme Index ($MEMEX) has just hit the $4 million raised mark in its presale – but the doors will be closing in 17 days.
Investors are now pitted against the clock to secure what could be one of the most disruptive cryptocurrencies launched in recent history.
The project is building the first-ever meme coin index investing app, allowing users to gain easy, diversified exposure to the meme coin market.
It’s an ambitious use case that could change how traders interact with meme coins, taking them from highly speculative bets to calculated and well-managed investments.
In addition to its presale capital inflows, the project has also received backing from numerous leading industry analysts, with some even calling it the next 100x meme coin.
Traders can capitalize on this by participating in the $MEMEX presale, but with it ending shortly, they should act fast.
Meme Index’s Four Community-Controlled Meme Coin Baskets
Meme Index will offer four investable baskets, each comprising different meme coins.
The baskets are called Meme Titan Index, Moonshot Index, Midcap Index, and Meme Frenzy Index. They’ll be grouped by volatility, with the Meme Titan Index being the least volatile and the Meme Frenzy Index being the most.
The Meme Titan Index will start with the standout ten meme coins by market cap, while the Meme Frenzy Index will contain microcaps. However, these are subject to change based on votes by $MEMEX holders, who can optimize the baskets by adding or removing tokens.
By offering four different meme coin indexes, Meme Index provides greater control to the end user, allowing them to invest in a basket that suits their investment style. For instance, aggressive traders may choose a higher volatility basket, while more cautious traders would prefer a lower volatility option.
Meme Index has three core benefits compared to investing in individual meme coins.
The first two are that it spreads risk and increases the chances of catching a winning token. The last benefit is that it’s a passive, stress-free alternative that doesn’t require the user to stare at a screen all day.
Think of Meme Index like buying stock market ETFs rather than picking individual stocks.
Become a Yield Farmer with $MEMEX Staking
Users can stake their $MEMEX tokens to generate passive rewards over time.
Currently, staking offers a 569% APY, but this will decrease as the staking pool grows. So far, over 175 million $MEMEX have been staked, and rewards are being distributed at a rate of 380 $MEMEX per Ethereum block.
In addition to the lucrative potential of meme coin indexes, staking rewards make the project even more appealing to investors, adding to its long-term potential.
As to how far Meme Index could go, a recent video from Cryptonews analyst RJ says that $MEMEX could 100x after it launches on exchanges.
Meme Index Set to Uplift the $47 Billion Meme Coin Market – but Just 17 Days to Buy
Meme Index could be about to send the meme coin market soaring. By offering a safer, more accessible, and user-friendly way to buy multiple meme coins in one hit, Meme Index is precisely what the market needs right now.
As hyper-speculative meme coin casino Pump.fun continues to see shrinking revenue, it’s becoming apparent that meme coin investors want something new and fresh.
Meme Index is the polar opposite of Pump.fun, swapping gambling for investing and manipulation for decentralization. Evident in its presale growth, having just surpassed the $4 million raised mark, it’s clear that investors are waking up to the potential of this platform.
However, those yet to get involved must act quickly because the $MEMEX presale will end in 17 days, and then the token will be listed on exchanges. At this point, its price could start to rally and potentially hit the 100x prediction set by RJ from Cryptonews.
Follow Meme Index on X or join its Telegram for the latest updates. Alternatively, visit its website to buy and stake tokens.
