The meme coin market recently crossed the $130 billion barrier, spreading discourse around the degen community, stating the golden times for meme cryptos have arrived. However, the recent price action has been different, with most meme coins trading in the red zone, dropping in value in single or even double digits.
This is not cause for sadness, but rather a realization that despite what the market says, the meme coin space will continue to remain volatile, and buying only one asset is playing a loser’s game.
In the centralized trading space, this issue is being addressed using meme coin indices. VanEck, for example, recently took charge and became the first major company to introduce a meme coin index, a basket bundling popular meme coins. While it was met with delight among most crypto investors as it gave legitimacy to meme coins as serious investment instruments, the shortcomings should not be ignored.
The traditional space only offers a singular type of meme coins, those that have already secured a top spot on the price charts. However, popularity is a relative term in the meme coin space, and low-cap assets of these types have the most chance to make gains.
Therefore, Meme Index, a new decentralized meme coin index, is here, providing the best way to invest in meme coins. How? Read on as we explore the main rationale behind Meme Index’s success.
Meme Index Offers a Decentralized Meme Coin Index
Index assets, which are baskets bundling different tradable assets together, are popular in the traditional financial space because of how they can act as a hedge against market losses. The issue, however, is that these indices are centralized. While that’s not an issue when traditional assets are considered, it is a drawback in terms of meme coins.
The meme crypto asset class is extremely volatile, so sticking to the traditional market fundamentals to balance the index does not make sense. However, traditional meme coin indices do that. That is why Meme Index emerges as a better option as a decentralized meme coin index.
As a decentralized index, Meme Index’s approach to rebalancing a basket does not hinge on technical indicators only. With meme cryptos, community sentiment is utmost important. Even a small joke at the right time by the right personality can cause big price action for cryptos that have just arrived.
That is why Meme Index gives the control of its meme coin index to the community. This approach ensures that the DAO governing the ecosystem decides which assets to be added to the basket. With more eyes governing the ecosystem, there is a better chance for suitable meme cryptos to be added to the indices.
Meme Index Offers Different Indices
The second reason why the Meme Index is possibly the best way to invest in meme coins is that it doesn’t adhere to a single, popular index. In fact, it has given four options for investors to pick from, with each option categorized based on volatility. The presence of these options ensures that no beginner feels left out from engaging with such a volatile economy.
For risk-averse traders, Meme Index has formulated the Meme Titan Index. Populated with meme coins whose market capitalization exceeds $1 billion, this index caters to those looking for some OG cryptos to invest in. Assets like Dogecoin, Floki, Shiba Inu, Pepe, and more could be found here. While these assets remain volatile, their price action hasn’t been very bearish thanks to continued community support.
Up next is the Moonshot index. These are the tokens that have barely touched the $1 billion mark and continue to engage the crypto space. These are the tokens that are vying to be at the top of the crypto charts and have or are about to make their way to tier-1 cryptocurrency exchanges.
Going up the volatility scale, the next meme index is the Midcap Index. It consists of tokens whose market cap is only between $50 million to $250 million. The Meme Index whitepaper clarifies that true volatility begins at this stage.
The final index is the Meme Frenzy Index. Engineered for Degen investors, this index contains assets that arrive, explode, and sometimes disappear. Highly risky, these are only meant for regular investors willing to risk losing all of their money.
Meme Index’s Native Crypto is Akin to a Meme Coin
While the content of the entire website makes Meme Index look akin to a standard utility token, the imagery and the size of the content shows that MEMEX is more akin to a meme coin. This means that even the native crypto powering the ecosystem can explode on the price charts based on the whims of the market.
While this small detail could be sidelined, it also highlights the community-centric nature of the project, making Meme Index the best way to invest in meme coins.
Final Thoughts
Meme coins will continue to be volatile assets, which makes investing in them more effective if people don’t choose only one to invest in. Meme coin indices offer a way to invest in many meme cryptos in one go. And with the Meme Index, such investments can even become more fruitful.
Meme Index, which is currently on presale, has raised over $1.4 million so far and is available at a discount price of $0.148639. Those wanting to check it out can visit the official website today.
