Next Presale to Explode as Meme Coin Market Destined for Long-term Growth
In a recent interview, CryptoQuant CEO Ki Young Ju drew interesting parallels between the crypto meme coin market and the art industry. According to Young, both markets aim to value intangible instruments through narrative and market hype.
Meme coins are often based on popular memes, events, or personalities. Likewise, the value of a painting comes from the story and artist behind it. Yang defended the “scam” criticism often associated with meme coins, saying that if literal comparisons were made, the art industry should also be called a scam.
Memecoins are the most popular trend among investors in 2024, with a total market capitalization of $101B. But interestingly, about half of that is attributed to $DOGE. All in all, Meme coins attracted 30.67% of global investor interest last year.
However, this also brings with it ample problems. During the last altcoin bull run in 2017-18, the number of altcoins was only 3,000. Today, however, the market is flooded with as many as 36.4 million coins—supply exceeding demand. This has changed the market sentiment and we may not see altcoins rising anytime soon.
Young said that currently only cryptocurrencies with strong narratives and use cases will survive in the market. This makes it very important for investors to choose the right assets. While you can try to hit a blind home run by putting all your eggs in one basket, this is certainly a very dangerous approach.
In such an oversaturated and overwhelming market, moderation is key, which is why we introduce you to Meme Index ($MEMEX).
What is $MEMEX?
Meme Index ($MEMEX) is a unique token that allows holders to invest in a basket of best meme coins immediately. Therefore, instead of investing all your money in a few coins on the market, you can buy a basket of meme coins based on your risk appetite.
There are four meme index baskets, each with varying degrees of volatility, risk, and reward:
- meme titan index: This is a basket of low-volatility and low-risk mature tokens (currently among the top 10 on the market) with a total market capitalization of over $1B. Community voting will determine which coins will be included or removed from the Titan List.
- moon landing index: This basket contains meme coins that are not yet in the top 10 but are about to make it to that list. Most of them are already listed (or are in the process of being listed) on primary centralized exchanges.
- midcap index: This basket consists of meme coins with a market capitalization between $50-250 million. Admittedly, this is a somewhat risky group of coins as they are very volatile and have the potential to rise or fall dramatically.
- meme mania index: This is a high-risk, high-reward basket filled with coins that turn into a multi-bagger. The downside risk is also considerable, meaning the coin could fall quickly. However, the fact remains These coins have the potential to make you a millionaire by 2025.
Why buy $MEMEX?
$MEMEX lets you spread your risk in the altcoin industry. With new tokens being launched almost every day, it can be difficult for the average investor to spot promising opportunities. However, with $MEMEXyou can reduce this risk by using a pre-made basket of tokens.
The project has raised $3 million so far, and during the presale you can buy 1 $MEMEX for just $0.0155933. However, interested investors should hurry as the price is set to rise in less than 24 hours. this is about How to buy $MEMEX Learn more.
Additionally, early adopters can choose to stake their tokens to receive massive rewards of 767% APY. What’s more, token holders will even have the opportunity to vote on key community decisions. visit Official Meme Index ($MEMEX) website Learn more.
However, just like any other investment, crypto assets are affected by market conditions. Therefore, you must do your own research before investing your hard-earned money. Also, this article is not financial advice.
