Have you ever ever discovered your self scrolling by way of X (Twitter) or Reddit, attempting to identify the subsequent huge meme coin earlier than it takes off?
You’ll be able to ditch that method due to Meme Index (MEMEX).
This mission is reworking meme coin investing and has already raised almost $4 million in ICO funding.
However with simply 20 days left earlier than the ICO ends, might MEMEX be the subsequent crypto to blow up?
What’s Meme Index and How Does It Unlock Meme Coin Diversification?
So, what’s Meme Index?
As a substitute of stressing over which meme coin to select, Meme Index helps you to diversify throughout all the sector with curated “baskets.”
Consider these baskets as ETFs for meme cash, however extra accessible and utterly decentralized.
For instance, say you’ve received $500 to take a position however can’t determine between DOGE, SHIB, or PEPE.
Meme Index has you lined – with 4 completely different indexes, you’ll be able to achieve publicity to a number of cash directly.
There’s the Titan Index for the larger cash, and the Moonshot Index for up-and-comers with potential.
The Midcap Index hits the candy spot of established however nonetheless rising cash.
And for the actually risk-seeking traders, there’s the Frenzy Index – full of low-cap performs that might produce explosive returns.
MEMEX token holders get to vote on which cash can be added to every index.
Which means the builders aren’t calling the photographs – a neighborhood of meme coin fans decides what’s scorching and what’s not.
MEMEX Token Staking App and Analyst Backing Set Stage for Submit-Itemizing Development
However Meme Index isn’t nearly index funds.
The mission additionally has a staking app that’s up and operating – even whereas the ICO remains to be dwell.
Proper now, it affords yields of 573% per 12 months, although they are going to lower as extra traders get entangled.
Nonetheless, that hasn’t stopped traders from locking up 174 million MEMEX to date.
Meme Index’s ICO is crushing it, having already raised $3.9 million in funding.
With simply 20 days left earlier than MEMEX’s open market debut, FOMO is starting to kick in, and traders are dashing to safe tokens for $0.0166883 every.
All of the indicators of a mission gaining momentum are there – a rising Telegram presence and rankings on prime websites like ICOBench.
Even standard YouTubers are taking discover.
Crypto professional Borch Crypto took a deep dive into the mission final week and mentioned it might “explode” after itemizing.
Meme Index Continues to Thrive Regardless of Meme Coin Market Chaos
Meme cash generally are taking a beating proper now.
DOGE has dropped to $0.154, SHIB is sitting at $0.0000114, and SPX simply took a 23% hit since yesterday.
The sector’s whole market cap has shrunk to $43 billion – a far cry from the place it was in December.
But, Meme Index continues to tug in traders.
This early demand is especially as a result of Meme Index affords one thing completely different from most different meme cash.
It’s not simply one other canine or cat-themed token seeking to pump after which dump – it has an precise use case.
Meme cash have at all times been unpredictable, however Meme Index’s index-based method brings order to the chaos.
As a substitute of guessing which coin will explode subsequent, traders can achieve publicity to a number of on the identical time.
For rookies, this could possibly be extraordinarily useful.
Most rookies will endure at the very least one painful loss after they first dive into the meme coin house.
However with Meme Index, they soften the blow by spreading their bets throughout a number of meme cash.
It’s a fast and simple approach to diversify.
With tens of millions already raised in its ICO and an alternate itemizing on the horizon, Meme Index may be one to regulate.
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