Meme coins are no longer considered simple assets that can be brushed aside due to the image they portray. Not only have many of them evolved with their unique set of use cases, some of the meme coins have also caught the eye of institutional investment firms. They have created their own unique packages, making meme cryptos appear more legitimate than before.
But the entry of centralized institutions comes with a caveat. The true joke-filled factor has started to wane. The addition of a central authority does no favors, as meme coins work well only when the community is powering them.
Answering this call is Meme Index. This meme coin project aims to create the world’s first decentralized meme coin index. Away from the standard ethos that govern traditional assets, this initiative promises to give control of meme coins to those that truly matter – the community itself. That is one of the many reasons the Meme Index could be one of the best crypto investments of this year.
But what are the other reasons that have led investors to focus on this meme coin project? This article answers this question.
Reason 1 – Offering Different Indices for Different Types of Investors
One thing that people misunderstand about meme coins is that not all meme coins are created the same way. Some are designed with a long-term vision in mind, and there are others whose sole purpose is to create short but massive spikes of profits and then disappear into the ether. As such, not all meme coin investors are the same. Some are beginners trying to get into crypto but want to do so by investing in cheap assets, and some are degens who are always looking for riskier investments since they can provide the most rewards.
Unlike standard meme coin indexes that only offer a single basket of popular meme coins, like VanEck, Meme Index has understood these realities and offers four different indexes catering to investors of various kinds.
For those who are going into the meme coin market for the first time, there is the Titan Index. Populated with high-cap tokens, this index is for those who are looking for something relatively safe when it comes to meme coin investments. The gains may not be very big, but they are still worthwhile for beginners.
Next is the Moonshot index, which contains assets from ambitious developers who want to topple the biggest meme coins on the market. They are slightly riskier, but not enough to deter anyone from investing. Then there is the Midcap Index, containing newbies that are trying to get to the top and are immensely volatile. And finally, there is the Frenzy Index, a degen-favorite index containing assets that can make or break a person’s wealth. Not for the weak of heart, this index is for the true meme coin believers.
Reason 2 – Not Letting Go Of the Meme Base
Another major reason Meme Index has the potential to become the next big crypto is that it is not letting go of the jokes. While the text shows the token to be utility-centric, the images tell a different story. A wine-sipping pepe here, and a “derp-meme” there, it is clear that Meme Index understands its audience.
This is an important factor to consider because despite what the technical indicators dictate, meme coins don’t follow the traditional market fundamentals. Granted that the present price action shows meme coins following Bitcoin’s trends, but the reality is that it is the community’s feelings that can make or break a meme coin.
Understanding the social fundamentals means while Meme Index will appease a lot of standard crypto investors, it won’t be letting go of the jokes either.
Reason 3 – Letting the Community Control the Index
Standard crypto indexes rely on market indicators for rebalancing what lies inside the basket. There is often an automated system that looks at the price action of the asset and leverages a bunch of technical indicators to see whether to add or remove a token from the basket. This method is not without its faults. It often underplays the social sentiments, and because the control is centralized, the trust factor is lacking.
Meme Index lets investors govern which tokens to add to an index. This is facilitated using the project’s decentralized autonomous organization. Those holding the MEMEX tokens – Meme Index’s official token – get the rights to govern the system. Periodic voting decides which tokens to remove from the index and which new meme coins to add.
This approach not only makes index rebalancing decentralized, it also ensures that factors beyond technical indicators are considered. The added element of social sentiment can potentially mean more successful tokens.
Reason 4 – Available on Presale At a Bullish Time
The final reason why Meme Index can potentially become one of the best crypto investments of this year is twofold. One, it is available on presale, and secondly, the presale is happening at a time when interest in crypto investments is at an all-time high.
Being available on presale means more investor participation thanks to MEMEX tokens on discount. It allows people to invest without worrying about the market’s volatility. The fact that this presale is happening when most of the crypto market is trading in the green means people are picking this asset because they believe in it. It can be seen from how much has been raised since launch.
Meme Index presale went live on December 3rd, and within 3 days, it has managed to raise upwards of $110K. The hype it is building now can potentially translate to it having an explosive start upon listing on a proper cryptocurrency exchange.
Final Words
Meme Index is one of the many meme coin projects that have entered the crypto space on presale. However, unlike others, it has investment-based perks and offers a decentralized way to diversify meme coin investments. These and a combination of other factors could massively enhance the MEMEX price not just for the short term, but in the long haul.
Those who want to invest in MEMEX presale should visit the official website before the current stage ends.
