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In a recent interview, Ki Young Ju, the CEO of CryptoQuant, drew interesting parallels between the crypto meme coin market and the art industry. As per Young, both these markets aim to draw valuations of an intangible instrument through narrative and market hype.
Meme coins are often based on a popular meme, incident, or personality. Similarly, the value of a painting is derived from the story and artist behind it. Defending the ‘scam’ criticism often associated with meme coins, Young said that if literal comparisons are drawn, the art industry should also be termed as scammy.
Memecoins were the most popular trend among investors in 2024, reaching a total market capitalization of $101B. Interestingly, though, approximately half of this is attributed to $DOGE. All in all, meme coins were able to capture 30.67% of global investor interest during the last year.
However, this also brings the problem of plenty to the table. During the previous altcoin bull run in 2017-18, there were only 3,000 altcoins. However, today, the market is flooded with as many as 36.4M coins – the supply has become more than the demand. This has changed market sentiments, and we may not see an altcoin run anytime soon.
According to Young, only crypto coins with strong narratives and use cases will survive in the markets right now. This makes it important for investors to pick the right assets. Although you could try and hit a blind home run by putting all your eggs in one basket, that’s unarguably a very risky approach.
In an oversaturated and overwhelming market like this, moderation is the key, which is why we present to you Meme Index ($MEMEX).
What is $MEMEX?
Meme Index ($MEMEX) is a one-of-a-kind token that allows the holder to invest in a basket of the best meme coins at once. So, instead of putting all your money on just a couple of coins in the market, you can buy a basket of meme coins according to your risk appetite.
There are four meme index baskets, each with a varying degree of volatility, risk, and reward:
- Meme Titan Index: This is a low-volatility and low-risk basket of well-established coins (the top 10 on the market right now) with a total market cap of over $1B. Community votes will decide which coins will be included or removed from the Titan list.
- Moonshot Index: This basket contains meme coins that aren’t yet in the top 10 but are just about to break into that list. Most of these are already listed (or are in the process of being listed) on tier 1 centralized exchanges.
- Midcap Index: This basket is made of meme coins in the market cap range of $50-250M. This is admittedly a bit of a risky group of coins, seeing as they’re quite volatile and have the potential for violent upward or downward movement.
- Meme Frenzy Index: This is a high-risk, high-reward basket containing coins that can turn into multi-baggers. The downside risk is quite significant, too, which means the tokens can fall pretty quickly. However, the fact remains that these coins can potentially make you a millionaire in 2025.
Why Should You Buy $MEMEX?
$MEMEX allows you to diversify your risk in the altcoin industry. With a new token being launched virtually every day, it has become extremely difficult for the average investor to spot promising opportunities. However, with $MEMEX, you can mitigate this risk with a pre-made basket of tokens.
The project has already raised $3M so far, and you can buy 1 $MEMEX for just $0.0155933 during its ongoing presale. However, as a price increase is set to happen in less than 24 hours, interested investors should hurry up. Here’s a guide on how to buy $MEMEX for more information.
Additionally, early adopters can also choose to stake their tokens for a massive reward of 767% APY. What’s more, token holders even get the opportunity to vote on key community decisions. Visit the official Meme Index ($MEMEX) website for more information.
However, just like any other investment, crypto assets are also subject to market conditions. Hence, you must do your own research before investing your hard-earned money. Also, this article isn’t financial advice.
