Meme Index (MEME) Token Price Surges Past $4 Million as Investors Pile In

Meme Index ($MEME) has surged past $4 million as investors pile into the newest, smartest way to buy meme coins before its presale ends

The newest and smartest way to buy meme coins is about to end in just 18 days as Meme Index ($MEMEX) has surged past $4 million in its presale despite the broader meme coin market sliding 2.7% over the past 24 hours.

According to the latest data from CoinMarketCap, the total meme coin market capitalization now stands at $51 billion. The market has seen a slight recovery following the correction of the past few days, with the CMC Crypto Fear and Greed Index edging up 2 points to 21.

Among the top performers in the meme coin space, Pepe (PEPE) showed significant gains of 15%, while Dogwifhat and Brett experienced gains of 10% and 8%, respectively. FartCoin also displayed a substantial increase of 21%, PEPU surged 29%, and ai16z advanced 17%.

As investors search for the best meme coins to buy, Meme Index is offering a unique investment opportunity with its four different indices of meme coins, each comprised of eight coins. These indices are designed to provide diversified exposure to various types and sizes of meme coins, aiming to capture a larger share of the returns from whichever coins experience a surge in price.

Currently priced at $0.0166883, $MEMEX is selling at its final lowest price before the coin is available on decentralized and centralized exchanges.

Bringing, as it does, the index-investing innovations of traditional finance into the meme coin sector, with all the advantages regarding cost and risk management that come with that, Meme index indices are sure to be popular with crypto market participants.

If DOGE & SHIB made millionaires imagine what an Index of meme coins can do. $MEMEX is the next level. 🔥🚀

— Meme Index (@index_meme) August 8, 2023

Meme Index: Uncovering the Essence of Diversified Meme Coin Investing

The Meme Index has carefully designed four separate indexes, each providing exposure to a basket of meme coins categorized by market valuation.

The Meme Titan Index: Includes meme coins valued at $1 billion or more, offering lower risk and potential for stable returns.

The Moonshot Index: Features tokens valued between $250 million and $1 billion, presenting moderate risk with the potential for significant gains.

The Midcap Index: Covers tokens ranging from $50 to $250 million, offering balanced risk and varied return possibilities.

The Meme Frenzy Index: Consists of tokens valued under $50 million, concentrating on high-risk, high-reward meme coins.

These indexes provide four distinct risk levels for investors, with the Meme Titan Index being the least risky and the Meme Frenzy Index carrying the highest risk.

In contrast to the rapid changes in the meme coin market, where tokens quickly rise and fall out of the top 100, the Meme Index focuses on the top 1,000 meme coins, ensuring more stable performance and liquidity.

Moreover, the meme coin market is known for its high volatility, with tokens frequently entering and exiting the relevant meme coin market capitalization tiers. A broad sector-wide approach, despite its diversification, could still expose investors to significant drawdowns.

Instead, the Meme Index allows investors to choose their risk level, offering greater control over exposure. For instance, if an investor prefers lower risk, they can opt for the Meme Titan Index, which includes meme coins valued at $1 billion or more, or select the Meme Frenzy Index for higher risk, focusing on meme coins priced below $50 million.

Additionally, compared to investing in individual meme coins, the Meme Index provides a liquidity advantage, especially for exiting positions in low-volume meme coins that typically suffer from poor liquidity.

For instance, if an investor wishes to sell a large position in a meme coin like Pepe, they might encounter difficulties due to the limited liquidity of that specific coin. However, with the Meme Index, investors can easily buy or sell large positions in the index token, effectively exiting their positions in eight different meme coins simultaneously.

MEMEX Token Holders Are Also Index Managers

The $MEMEX token isn’t just a key to accessing the Meme Index – it is also a governance token. Holders of $MEMEX have the power to influence the assets that make up the four Meme Index categories.

For instance, if investors think a new meme coin deserves a spot in the Meme Titan Index, they can propose it to the community and vote on it alongside other members. This community-driven approach ensures that the composition of the indexes reflects the collective decisions of token holders.

Furthermore, Meme Index community members can propose entirely new indexes. Thanks to this governance layer, Meme Index can change with the times as trends emerge or fade.

When Meme Index launches, community members can vote to set up indices based on thematic styles. For example, there might be many votes for an index created solely devoted to