Why MEMEX Could Be the Next 100X Meme Coin – CryptoNinjas
Today’s 2.09% dip in the broader crypto market that brought its market cap to $2.93 trillion had a negative impact on the meme coin sector, which dropped to $52 billion earlier today. However, meme coins managed to recover some of the losses and are now collectively valued at $55.44 billion.
The meme coin market is best known for its high volatility, with tokens skyrocketing by 10-100x nearly every week, which appeals to risk-seeking investors but often drives away those who prefer more stable assets.
That’s why it’s no surprise that Meme Index (MEMEX) is gaining momentum in its presale phase, as the project intends to help investors diversify their risks while investing in meme tokens with its upcoming decentralized investment platform.
With 24 days left until its presale wraps up, leaving investors with limited time to enter on the ground floor, Meme Index is currently just $47,000 shy of reaching the $4 million raised milestone.
Meme Index Seeks to Simplify Meme Coin Investment – Generous Staking Rewards Await Early Backers
The Meme Index presale revolves around its upcoming decentralized investment platform, which will launch once MEMEX hits the DEXs and enable its users to make pooled investments across four different meme coin “baskets.”
However, only those holding MEMEX will have access to the project’s upcoming platform. Plus, holding MEMEX will grant investors governance rights, allowing them to choose which tokens they wish to add or remove from each basket.
At launch, with the Titan Index, investors will spread their investments across high market cap tokens, such as DOGE and SHIB, with the Moonshot Index targeting tokens that are close to breaking into the top ten list.
Higher risk, and potentially better profits, are reserved for its Midcap Index, which will feature $50 to $250 million meme tokens, and Frenzy Index, which will include highly volatile emerging meme coins.
Souce: Meme Index’s X
Besides securing their access to the platform at a cheaper price, investors can currently reap the benefits of the project’s massive 576% staking APY, which allows them to nearly 6x their token holdings in the long term.
However, the yield will decrease as investors stake more Meme Index, ensuring early supporters get the best rewards.
Expert Believes MEMEX is Joining the Market at a Perfect Time
President Trump’s plan to turn Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies into official US reserve assets helped push the market away from the extreme fear territory it entered last week, according to the Fear and Greed Index.
Additionally, the SEC has acknowledged Dogecoin ETF filings from major firms like Grayscale, which created bullish sentiment around the token and the meme coin space in general, as its approval would open the doors for institutional investment into the market.
While these are good news for Bitcoin and most altcoins, meme coin expert ClayBro believes Meme Index stands to gain more than most, as it is scheduled to enter the market in April, which could result in an immediate explosion in its value.
The expert is confident that the meme coin market won’t face a further decline and expects MEMEX to reach the $1 mark soon after its launch, representing an approximate increase of 5,800% from its current price, with a 100x soar potential in sight if it keeps its momentum.
ClayBro encourages his 136,000-strong audience to enter the presale while the per-token price is low, advising his followers to take advantage of the impressive staking APY.
Robust Security and a Community-Oriented Approach Helped Memex Gain Momentum – Here’s How to Enter the Presale
Although it aims to provide its holders with unique benefits, Meme Index is a meme coin first, meaning its success largely depends on investor trust and support. With a fifth of its total token supply fueling its marketing efforts, the project already enjoys the support of over 28,800 followers across X (Twitter) and Telegram.
Security-wise, audits from SolidProof and Coinsult confirmed that there are no critical issues in the Meme Index smart contract’s code, confirming the safety of investor funds.
Analyzing the project’s tokenomics further shows its developers took a community-oriented approach, as they intend to reward MEMEX holders with 20% of the total token supply, with further details yet to be announced.
Investors can currently purchase MEMEX for $0.0166883 via the presale website or Best Wallet using ETH, BNB, USDT, or a traditional bank card. Buying MEMEX via Best Wallet allows investors to track the size and value of their token holdings throughout the presale, a feature most competitors lack.
According to the Meme Index whitepaper, MEMEX will list at $0.0170247, making this the perfect time for investors to secure their share of the token under its listing price.
