A new cryptocurrency, Meme Index (MEMEX), is going viral and has raised over $2 million in its Initial Coin Offering (ICO). 

As the name suggests, Meme Index is the first-ever decentralized index fund for meme coins, using innovation and community governance to offer investors broad exposure to the meme sector. 

The unique idea of investing in meme coin baskets is showing signs of rapid adoption, as evident in its presale success. A few smart money investors are even calling MEMEX one of the best new crypto to buy now. 

Meme Index – The Smart Way of Investing In Meme Coins?

The meme coin asset class has ballooned to include thousands of tokens in recent years, with hundreds of tokens added to the list daily. 

Retail investors often spread their limited funds across too many coins, diluting their potential gains and giving a significant edge to the whales. 

For instance, just today, a whale purchased $13.34 million of WIF, $3.83 million worth of POPCAT, $922k worth of FWOG and $467k worth of MICHI. 

The smart money investor is clearly anticipating a Solana meme coin rally in the near future and has invested in a diverse set of high-potential tokens. Small-scale investors are unlikely to replicate this level of diversification and foresight.

Consequently, Meme Index aims to address a significant market demand, with its first-ever decentralized index funds for meme coins. All $MEMEX holders will soon be able to invest in meme coin assets, benefitting from broad exposure while also spreading the risk. 

In fact, investors will have their pick, considering Meme Index is offering four separate baskets with varying risk-reward ratios. 

First up is the Meme Titan Index, including billion-dollar meme coins like Dogecoin, Shiba Inu and Pepe. The basket is designed for safe players like institutional investors, but could still offer outsized returns. 

Next up is the Meme Moonshot Index, comprising of the challengers — meme coins that have seen explosive growth and are poised to hit the billion-dollar market cap. 

Third is the Meme Midcap Index, featuring tokens within $50 million and $250 million market caps. This basket will include meme coins with high upside potential that could individually offer up to 20x growth. Investors may find the next Binance meme token in this basket, especially since the world’s leading crypto exchange has been listing small-cap meme coins. 

Finally, the Meme Frenzy Index is designed for the “degens”, risky players who are attempting to capture the next 100x meme coin. 

The key component of the Meme Index solution is its decentralization and community governance. MEMEX holders will vote on which meme coins to include in each basket, a feature that could prove to be a game-changer. 

For instance, investors — especially retail investors —  would finally be able to benefit from high-upside meme coins that they otherwise would have missed. Similarly, these investments would entail lesser risk — for instance, it would be unlikely that the tokens in the Meme Frenzy Index are outright scams, considering their strong community support. 

It is, therefore, no surprise that MEMEX has emerged as one of the hottest new cryptocurrencies on the market, considering only token holders would be able to invest in and vote on the baskets. 

Is MEMEX The Best New Cryptocurrency To Buy?

MEMEX is a high-utility meme coin with strong fundamentals. 

Experts have commented that it is rare for new meme coins to prioritize utility, security and transparency above all else. For instance, the MEMEX smart contract has been audited by Coinsult and SolidProof, neither of which revealed any security risks that could put investments at risk. 

Similarly, the developer team hasn’t reserved any portion of the MEMEX token supply for themselves or any private sale, reducing the likelihood of scams and rug-pulls. Check out the Meme Index whitepaper for the full tokenomics. 

Retail investors are also earning significant passive income from the project’s presale staking pool, designed to reward early buyers, which is currently offering a reward rate of over 1100%. 

Unsurprisingly, prominent analysts are among the early MEMEX investors, with many calling it one of the best new cryptocurrencies to buy before the upcoming bull market. 

However, the strong demand also means that the presale stages are selling out quickly, pushing the MEMEX price up. Interested buyers have a short window to secure the maximum possible returns on their investments. 

Visit Meme Index Presale