Meme Index ($MEMEX) has entered the final two weeks of its ICO as the project prepares to launch the industry’s first-ever meme coin index – offering investors a smarter way to gain exposure to this breakout sector.
By investing in $MEMEX, holders tap into a diversified basket of meme coins, reducing reliance on any single asset and improving their odds of capturing gains.
This index-based strategy is gaining traction, much like asset manager Hashdex’s decision to expand its crypto ETF with more altcoins – lowering its exposure to Bitcoin ($BTC) and Ethereum ($ETH).
For those looking to manage risk while still chasing meme coin upside, $MEMEX offers a strategic entry point.
The token is currently priced at $0.0166883, but with the presale ending soon and over $4 million raised, this low entry point will not last long.
After NCIQ, could a meme coin ETF be next? Meme Index might be the blueprint
Hashdex’s Nasdaq Crypto Index US ETF (NCIQ), the first dual crypto ETF, launched on February 13 after securing the Securities and Exchange Commission (SEC) approval.
The fund is heavily weighted toward Bitcoin (88%), with Ethereum making up the remaining 12%.
In a March 14 amendment filed with the SEC, the Brazil-based asset manager proposed adding several altcoins to the fund, including Ripple (XRP), Solana (SOL), Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI).
To qualify for inclusion, assets must meet specific criteria – such as trading on at least two core crypto platforms, having custodial support, meeting minimum trading volumes, and being listed on a US-regulated crypto trading or derivatives platform.
In the ETF’s initial filing on October 23, 2024, only Bitcoin, Ethereum, Avalanche, Chainlink, and Litecoin met these requirements.
The addition of the other altcoins now brings the ETF closer to its goal of representing a broader basket of top cryptocurrencies.
Following a passive investment strategy, the fund aims to track these coins rather than outperform them. In other words, it’s an index-based approach that offers a simpler and more diversified way to invest in top crypto assets.
The advantage, of course, is that it avoids the technical complexities of directly acquiring and trading individual assets.
Furthermore, such diversification is particularly valuable in the volatile crypto market, helping to mitigate risk.
With the introduction of Meme Index, this same strategy comesto the meme coin sector – one of crypto’s standout growth drivers in 2024.
With the Meme Index, investors can skip the guesswork
Meme coins undeniably emerged as the breakout sector of 2024, with tokens like Pepe ($PEPE), DogWifHat ($WIF), Peanut the Squirrel ($PNUT), Bonk ($BONK), and others capturing market enthusiasm for crypto’s most memetic assets.
Although the meme coin market cap has now dipped below $50 billion, it remains buoyed by holders who maintain a cult-like devotion to their tokens – a loyalty that keeps sell-offs at bay.
Source: CoinMarketCap
This passionate following is what drives meme coin prices up, attracting investors – even those with zero crypto experience – seeking outsized returns.
However, identifying tokens primed for explosive growth has become increasingly challenging as meme coin launches have flooded the market with countless new assets.
The upcoming launch of Meme Index aims to turn this guesswork into a strategic play.
By offering a diversified approach similar to NCIQ, the index allows investors to tap into meme coin potential without the pressure of timing the market or selecting the right token.
In short, Meme Index is designed to simplify meme coin investing for those looking to gain exposure to this high-risk, high-reward sector.
Meme coin ETF vs. the Meme Index
Meme Index offers four distinct indexes, each tailored to different risk appetites and token volatility levels:
Meme Titan Index: The most stable option, featuring top-tier meme coins like Dogecoin ($DOGE), Shiba Inu ($SHIB), and Pepe ($PEPE) – all boasting market caps exceeding $1 billion.
Moonshot Index: Targets tokens valued between $250 million and $1 billion, with strong potential to climb into the top 10 meme coins.
Midcap Index: A higher-risk, higher-reward option featuring tokens with market caps between $50 million and $250 million – ideal for those seeking sizable upside potential.
Meme Frenzy: The most speculative index, packed with fresh and volatile tokens valued under $50 million. While it offers the chance for explosive gains, it also comes with heightened risk.
World’s First Decentralized Meme Coin Index | Buy $MEMEX in Crypto Presale
Each index offers investors a way to enter the meme coin market based on their risk preference.
Meme Index offers distinct advantages for investors seeking exposure to meme coins. Rather than waiting for traditional finance (tradFi) to catch up and create a meme coin ETF – with management fees starting at 0.25% and rising to 0.50% after 2025, like NCIQ – crypto investors can already include the Meme Index in their portfolio strategy.
Moreover, unlike centralized tradFi products, Meme Index holders maintain control over the project’s direction through the $MEMEX token. This governance token grants investors voting rights that ensure they have a say in key decisions.
In addition, $MEMEX itself holds growth potential, which is another avenue for investors to gain from alongside Meme Index’s performance.
Only 13 days remain – don’t miss your chance to get $MEMEX during presale
To secure your $MEMEX tokens before the 13-day window closes, visit the Meme Index website, connect your wallet (such as Best Wallet), and purchase using USDT, ETH, BNB, or even a bank card.
Newly acquired tokens can be staked in the Meme Index’s staking protocol, which currently offers a 560% annual percentage yield (APY).
For added security, Meme Index’s platform has been audited by trusted firms like Coinsult and SolidProof, ensuring its smart contracts are secure.
Join the growing Meme Index community to keep up to date with the project conversation on Telegram and X.
The post Hashdex Broadens Crypto Index ETF with More Altcoins – Could Meme Index Be Next as ICO Ends in 13 Days? appeared first on Cryptonews.
