“Never put all your eggs in a single basket.” This saying holds true for meme coin investments. Their very nature makes them risky. Hardly showing any utility and moving up and down in value on the whims of the community, these assets bring nothing but market frenzy. That is why diversifying when it comes to meme coin investments is desirable.
With so many meme coins to choose from, which ones should you pick? Meme Index is a meme coin project that answers this question by creating a basket of meme coins, called indices, that you can invest in. This approach to diversification could make you a winner at a time when the market is extremely volatile.
Meme Coins Have Plunged, But There Is Still Value in Them
Meme Coins have experienced a significant drop in the week starting December 9th. From peaking above $120 billion to barely above the $110 billion mark, it has been a roller coaster for most investments. While many might see it as a sign of an oncoming storm, prudent investors know that this is “just another day” for meme coins.
There is still immense value in these tokens, but people may have a hard time picking the best ones, especially since most tokens aren’t performing in a uniform manner. Meme Index tackles this by bundling the top-performing meme coins into baskets that are rebalanced regularly based on what the community wants.
But what value does the Meme Index bring? There is already a ready-made meme coin index available on the market, supported by some of the biggest investment institutions.
Decentralized Meme Coin Indices – Community-Powered Investments
While it is true that the introduction of a meme coin index by companies like VanEck has changed how meme coins are perceived, there are still many shortfalls that need to be addressed.
For one, the meme coin index created isn’t very versatile. While it does contain assets that have performed well historically, it does not take into account short-term price movements of these assets.
Furthermore, being centralized, these meme coin indices rely on standard fundamental methodology for rebalancing. While standard market fundamentals have their place, in the meme coin space, it is the community sentiment that matters.
Then, there is the matter of centralization. With no community input, meme coins become just another asset, which makes them lose their charm. It is the community that elevated meme coins to the status they hold today, and it is the community that should continue to do so.
That’s where the Meme Index has taken a winning leap. The principles it adheres to involve meme coins centered around community. It allows index rebalancing to be much more natural and aligned with the latest trends, ensuring that investors always have the opportunity to generate gains from this ecosystem.
Offering Different Indices for Different Levels of Risk Tolerance
Another reason centralized meme coin baskets get a bad reputation is because of their lack of quality. People can only pick a single basket, and that too contains assets that have gone too mainstream. What about the limited-time tokens, ones that arrive, climb by more than 1000x, and sometimes disappear just as quickly? Addressing this particular issue, Meme Index offers four different types of meme coin baskets.
Meme Titan Index
Meme Titan Index contains the titans of the meme coin industry. These are assets that have gained the community’s attention in a massive way and have a market capitalization of more than $1 billion. While volatile, their price action has been slower, but they still hold the potential to generate massive gains. The Titan Index is meant for those who want to play it safe and invest in tokens that have already gotten the community’s attention.
Meme Moonshot Index
Next is the Meme Moonshot Index. These too are high-cap meme coins, but they have not really crossed the $1 billion market capitalization barrier.
Take the cat-themed meme coins for example: the third biggest one in the world – cat in a dogs world – has barely touched the $720 million market cap.
The Moonshot Index contains assets that are vying for the top spot. They are also volatile, but their price action hasn’t really been something to write home about.
Meme Midcap Index
The meme coins added to this particular index have immense volatility. Their market movement is almost always in double digits, and their upward and downward spikes are very intense at times.
With a market cap between $50 million to $250 million, these tokens are trying to become top meme coin contenders but have their work cut out for them because degens are always on the move.
Meme Frenzy Index
The final type of index is the Meme Frenzy Index. It is specifically designed with degen investors in mind, featuring highly volatile tokens that quickly gain momentum upon arriving on exchanges.
These assets are high risk, and investing in them can make or break a person’s wealth, which is why Meme Index warns that it is not meant for the faint of heart.
Meme Index Price Prediction – Is MEMEX a Good Buy?
Meme Index does not make a lot of claims about the market, nor does it feign ignorance about the volatile niche that is meme coin. It is simply providing you with the option to diversify your investments.
Being audited by the likes of Solidproof and Coinsult also makes it a trusted asset, and the speed at which tokens are going off the shelves during its ongoing presale is something to note.
So far, the Meme Index presale has been able to raise upwards of $146K. Considering this is done when the token is available at a discount price of $0.141687 means that investors are already flocking toward it.
Keeping all these factors in mind, we can consider the Meme Index a good buy.
Those interested can visit the official website today and make the purchase.
