Everything to Know about the Meme Index and How it Alters the Investment Paradigm

Among the many cryptocurrencies to have launched this year, Meme Index has generated the most buzz. And rightly so. The project is making meme coin investments more versatile. Available on presale, this project has raised over $279k so far, and it will likely continue to gain traction in a market that continues to keep on giving.

But how is this meme coin project changing the investment paradigm?

By Becoming More Than A Meme Coin

While Meme Index has all the appearances of a meme coin, with a Pepe and Derp meme, it is anything but. This token offers robust utility, one that can redefine how people interact with the meme coin space.

The fact that it has utility alone makes it a different token than other meme assets, which are clearly content with just being another investment asset. With Meme Index, having utility means people won’t only buy it as a “spur-of-the-moment” asset but as something they can hold onto for the long term.

By Allowing Investors to Diversify Their Meme Coin Investment

There has always been a belief that meme coin investment should be diversified. Each asset, although having potential for massive growth, is immensely volatile. So, putting all the chips on one will always be a risky game. Investors can lose all of their assets or even become millionaires overnight.

This issue has been curtailed by Meme Index. This blockchain project provides users with meme coin indices, which are essentially baskets with multiple meme coins inside. Investing in these indices means investing in all the contained meme coins in one go.

It will help investors in two ways. First, it will ensure that investors are indulging in meme cryptos as they should, and secondly, it will help users offset the loss of one from the gains of another. In a way, this could be considered the best method to hedge against market conditions.

By Offering 4 Meme Coin Indices

A meme coin index is not a novel way to invest in meme coins. Many centralized and reputed institutions, including VanEck, have created their own meme coin index, populated with popular meme assets.

However, these indices are limited and do not take into consideration the variety of meme coins on the market. Meme Index, on the other hand, deals with this situation by providing not one, but 4 meme coin indices. Divided on their basis of volatility, they cater to a wide variety of investors.

The blockchain project features the Meme Titan Index with high-cap meme coins that have already crossed the $1 billion threshold and made their way to the top meme coin investors. It is meant for those who want to only invest in meme coins with strong communities.

The next type is the Moonshot Index, full of meme coins that are barely touching the $1 billion market capitalization, and have possibly been listed on top cryptocurrency exchanges. Next comes the Midcap index, which is arguably where the volatile assets truly begin to show their presence. With a market cap that ranges between $50 million and $250 million, these tokens give users the first taste of the market volatility.

However, among them, the final meme coin index, the Meme Frenzy Index, is the most notable. Containing tokens with the highest degree of volatility, these are meant for the degens, ones who are not afraid to risk it all.

These 4 meme coin indices give users plenty of options, allowing all types of investors to step into the meme coin space and reap the rewards.

By Being the World’s First Decentralized Meme Coin Index

While standard meme coin indices have gained much popularity, they continue to be part of a centralized ecosystem. It not only gives these indices a single point of failure, but it also means the community factor, the true ethos of meme coins, is missing from the pile.

This is what makes Meme Index a better investment option. Introduced to the world as the first decentralized meme coin index, Meme Index stays true to its memetic roots, giving complete control of the community to the investors through its MEMEX tokens.

The MEMEX token, which is developed on the Ethereum blockchain, plays many roles. It is a staking crypto, allowing users to generate massive gains by merely holding the tokens, it keeps the network secure, and finally, it lets stakers become part of Meme Index’s decentralized autonomous organization.

While this seems pretty “by-the-books” when it comes to meme coins trying to offer utility, the presence of DAO is very significant. It lets the community decide which types of meme coins should be added to the pile and which ones should be removed.

A key point of a meme coin index being DAO-friendly means users will be able to take factors other than technical indicators into account when deciding which tokens should be added and which ones should be removed, ensuring that the meme coins always remain profitable for the MEMEX investors.

Final Words – Meme Index Changes the Investment Paradigm by Offering More Options

When investing in crypto, what people need is options, and Meme Index provides them. By removing the previous shortfalls borne out of the centralized meme indices, giving people more options, and offering utility while still being tied to the meme coin roots, Meme Index can bring a new approach to investing in crypto.

For those looking for more info about this project, visit the official website.

Visit Meme Index

Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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