It’s been a great start to the year for meme coins with real utility.
Several projects have gained traction, including Meme Index (MEMEX), which has raised over $2.4 million in presale funding.
The project’s new meme coin investment setup even has analysts predicting it could 10x (or more) when it launches later this year.
Meme Index Aims to Change How Investors Gain Meme Coin Exposure
The meme coin sector isn’t what it used to be.
Gone are the days when slapping a dog’s face on a coin was enough to drive success.
Now, projects need real utility to stand out, and recent winners like AI16Z and PENGU prove that the way forward is to combine viral appeal with an actual use case.
Enter Meme Index – a project changing how investors gain exposure to the meme coin space.
Instead of investors just holding one or two coins, Meme Index lets them invest in baskets of coins.
These indexes allow for diversified exposure – lowering the overall risk level.
Meme Index will have four different indexes, ranging from low to high risk (with the potential for higher returns).
And since it’s the community that votes on which coins make it into each index, there’s a clear reason to hold the MEMEX token long-term.
The team at 99Bitcoins praised this unique approach.
In a video for their 720,000+ YouTube subscribers, they even predicted that MEMEX could be the “next 10x meme coin.”
Inside Meme Index’s $2M+ Presale Phase
Meme Index’s presale is ongoing, offering early investors the chance to buy MEMEX tokens at a discount.
The current MEMEX price is just $0.0152243.
However, since the presale uses a stage-based structure, that price will rise every few days.
This approach means that the earliest investors get the best entry point, which could prove profitable if MEMEX takes off post-listing.
Talking of listings, Meme Index’s whitepaper outlines plans to list the token on exchanges once the presale ends.
https://twitter.com/memecoin_index/status/1879584126686413138
The ultimate goal is to get MEMEX listed on a top-tier CEX – like Binance.
Based on past data, presale cryptos that land listings on big CEXs like this often see explosive price action in their early trading days.
Just last month, the Pepe Unchained token rallied within 24 hours of hitting exchanges.
Meme Index’s team is already preparing for such an eventuality by having the MEMEX token audited by Coinsult and SolidProof.
Their audits found no issues with the token’s code.
They also confirmed that the developers can’t lock user funds and cannot mint new tokens.
High Staking Yields & Strong Fundamentals Drive Buzz Around Meme Index
Can this new meme coin live up to all the early hype?
Many investors believe it can, and Meme Index’s Telegram community is already speculating it could follow in the footsteps of PENGU and AI16Z.
Both of these coins came out of nowhere and produced enormous returns.
But Meme Index might have an advantage over both in terms of utility.
Although the meme coin indexes are Meme Index’s main selling point, it also has a built-in staking protocol for MEMEX holders.
Holders can lock up their tokens for yields of 945% per year, which is exponentially higher than the market average.
This staking protocol is live while the presale is ongoing, so investors can begin earning immediately.
Staking rewards will be claimable once the MEMEX token is officially launched.
Unsurprisingly, this mix of passive rewards and active governance has helped Meme Index gain traction on social media platforms like Twitter.
It’s even made it onto ICOBench’s list of upcoming crypto launches to watch.
So, with big names like 99Bitcoins predicting 10x gains for Meme Index, it might be a presale project worth watching.
