The great comeback of Bitcoin this year has had the most impact on the meme coin space. A niche of crypto that could barely cross the $40 billion cap has now burst through the $120 billion threshold, making people run wild thinking about the possibilities.
On top of that, with VanEck’s MEMECOIN Index making news last year, it has become clear as day that meme coins aren’t joke assets anymore. They are worthy investments.
However, such indices can potentially hold more value when they exist within the context of the meme coin space only, which Meme Index understands. A blockchain project covering most meme coins, Meme Index aims to provide users with robust meme coin packages that can be invested in at once. Will it become the next big crypto?
Choose Your Meme Basket with Meme Index
With the imagery of a Pepe holding a glass of wine while wearing a tuxedo, Meme Index makes one thing clear – it has no intentions of being paraded around as a joke asset anymore. The project, as described by the official whitepaper, aggregates market-wide exposure into curated indexes.
With the added advantage of community-centricity and governance, Meme Index removes the shackles of traditional finance, giving the community the power to decide which coins they want to invest in.
At the heart of this unique project is the MEMEX token. An ERC-20 asset, it has been designed to provide investors a way to invest in not one meme coin, but a meme basket.
What is a meme basket? It is a basket or a bundle of meme coins. Essentially, these are modeled after indexes, allowing investors to invest in multiple assets at the same time.
There are four types of meme indexes to pick from:
Meme Titan Index
The Titan index has the titan, high-cap meme coins that have ruled over the crypto charts for a long time. All of them are tokens with market capitalization of more than $1 billion. So, it has assets like Dogecoin, Pepe, Shiba Inu, Floki, DogWifHat, and more.
Meme Moonshot Index
Moonshot tokens are challenger tokens. These are the assets that exist to challenge those sitting in the top 10 ranks. Already listed on tier-1 exchanges, or to be listed soon, these are the assets marked for their high potential to move up in a parabolic style.
Meme Midcap Index
The Midcap Index houses tokens with market caps ranging between $50 to $250 million. Highly volatile, these are assets deep into their marketing and memes, focusing on shooting up high and toppling the moonshot tokens to get the right to challenge the titans. They have a strong community, but their volatility poses many risks.
Meme Frenzy Index
Meme Frenzy Index is THE DEGEN index. Designed to give something to the degen investors, these assets aren’t just volatile, they embrace it. They are “go with the flow” type of assets, capable of achieving a 1000x increase in hours of launching but soon hitting the bottom after some time. This is a high-risk basket, not for the faint of heart.
Governance – Another Major Upside of Meme Index Token
Meme Index might have a small appeal of a meme coin, but it is a utility-centric index through and through, and part of that is letting the community members decide how to evolve.
New proposals will be submitted daily within the Meme Index ecosystem, and MEMEX holders will have a say in which tokens to be placed in the basket.
This approach has two benefits. One, it lets the community control the basket of indexes, and two, it keeps those baskets fresh so investors have the best investment opportunities.
Other than these perks, Meme Index tokens offer the added benefit of more security and transparency within the ecosystem.
Is Meme Index a Suitable Investment This Year?
Meme coins have only been termed as good investments after the arrival of the meme coin mania of 2023. Q1 of that year was significant, with Elon Musk changing X’s (then Twitter) icon to Doge and Pepe rushing on the scene and quickly gaining ground. The performance of that asset during the height of crypto winter has paved the way for more people to take meme coins as serious assets.
Introduction of meme coin indexes by the likes of VanEck, Sun Token, Bertram, and more, further pushed the narrative of memes being a formidable asset class. However, the regulatory bodies are still centralized and such assets are still tied to the traditional way of finance.
With Meme Index, the goal is to maintain the element of decentralization. It brings multiple meme coin baskets and retains the meme coin identity of independence and community-centricity. Considering these factors, it could be considered a suitable investment.
Final Words
The meme coin economy has been bolstered by the introduction of meme coin indexes. Meme Index is the way to put these baskets of volatile assets inside the decentralized zone. It promises to help make investment exciting and does not shy away from the market’s volatility. It shows integrity.
And the image of a wine-sipping Pepe adds a nice touch – this could be one of the many factors contributing to it becoming a 100x crypto in the future. Those who want to participate in the Meme Index presale should visit the official website today.
