Meme Index, the first-ever decentralized meme coin index, has been met with an enthusiastic reception from the crypto crowd, with some even calling it the best crypto to buy now.
Its native token, MEMEX, has raised close to $300k since its presale began in December – an early indicator of rapid post-launch adoption and high upside potential.
The innovation and uniqueness have, unsurprisingly, caught the attention of smart money investors, many of whom are calling it the next 10x crypto. Others have included MEMEX in their lists of the best cryptos to buy now.
Meme Index – The First-Ever Meme Coin Index
While some investors debate between utility coins and meme coins, high-utility meme coins are emerging as the true stars of the market. Rather than trying and failing to be the next Dogecoin, new projects are attempting to follow in Floki’s footsteps.
Meme Index’s whitepaper claims that the project “represents a huge system in the meme coin ecosystem”, and for good reason. As the first-ever decentralized meme coin index, it addresses a crucial need by aggregating market-wide exposure into curated baskets, offering investors the best of all worlds.
In fact, Meme Index will introduce four distinct indexes, enabling investors to choose based on their risk appetite.
First up is the Meme Titan Index. Quite simply, this basket will comprise the large caps and the blue chips, most of which will have a market capitalization of over $1 billion. As the whitepaper, “the Titan Index, like all other baskets, is constantly shifting with the tides of the meme coin market. Therefore, community vote will dictate which meme coins are added or removed from the Titan Index keeping the basket active and fluid”.
Up next 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.
Third is the Meme Midcap Index, a high-volatility play. It will include projects with a valuation between $50 and $250 million. Often, these are the meme tokens that end up offering the most returns, considering they already have community support and still possess upside potential. The world’s leading crypto exchange Binance has also been listing tokens within this bracket.
Finally, the Meme Frenzy Index is the ultimate degen play, designed for those who aren’t concerned about high risks and are aiming 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 typically always late to the party – to get in early.
Most importantly, only MEMEX holders will be able to invest in the indexes. Following their launch, holders will be able to stake their MEMEX coins, select the index of their choice and earn yields depending upon the performance of tokens in their respective baskets.
Best Crypto To Buy Now
The reasons for MEMEX’s strong demand are apparent.
Meme Index offers attractive prospects for investors of all bank balances and risk appetite. The more cautious investors, including potentially institutional investors, can invest in the Meme Titan Index.
Meanwhile, those with a higher risk appetite can go for the bigger bounty with the other three.
In particular, Meme Index has plenty to offer for retail investors. As previously stated, they typically miss out on high-potential tokens until it is too late. However, they can simply invest in the basket of their choice and trust the community to pick the best alpha plays for them.
They don’t even have to wait for the index’s launch. Early MEMEX buyers can also stake their coins in the presale staking pool, which is currently offering passive income at a reward rate of over 5000% per annum.
The project’s community-centric tokenomics, priority to security and transparency and decentralized governance only make MEMEX more appealing to smart money investors.
Unsurprisingly, experts have been quick to recognize Meme Index’s potential, with many including it in their lists of best crypto to buy now. Others are more explicit with their projections, calling it the next 10x crypto.
Interested buyers can visit the Meme Index presale website, use the over-the-counter widget to buy MEMEX and potentially stake their coins to reap the maximum returns. They are also advised to follow the project’s X and Telegram accounts for the latest updates.
