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In a recent interview, CryptoQuant CEO Ki Young Ju drew interesting parallels between the crypto meme coin market and the art industry. According to Young, the goal of both of these markets is to evaluate an intangible instrument through narrative and market promotion.
Meme coins are often based on a popular meme, event, or personality. Similarly, the value of a painting depends on the story behind it and the artist. Defending the criticism of ‘scam’ often associated with meme coins, Young said that if literal comparisons were to be made, the art industry should also be labeled a scam.
Memecoin was the most popular trend among investors in 2024, with its total market capitalization reaching $101B. However, interestingly, almost half of this is attributed to $DOGE. Overall, meme coins were able to garner 30.67% interest from global investors during the last year.
However, this also introduces the problem of abundance. During the last altcoin bull run in 2017-18, there were only 3,000 altcoins. However, today, the market is flooded with 36.4M coins – supply exceeds demand. This has changed market sentiment, and we may not see any altcoins taking off in the near future.
According to Young, only crypto coins with strong narratives and use cases will survive in the market for now. This makes it important for investors to choose the right property. Although you may try to run a blind house race by putting all your eggs in one basket, this is undoubtedly a very risky approach.
In such an oversaturated and overwhelmed market, moderation is the key, which is why we present to you MEM Index ($MEMEX),
What is $MEMEX?
MEM Index ($MEMEX) is a unique token that allows the holder to invest in a basket of the best meme coins at once. So, instead of investing all your money on just a few coins in the market, you can buy a basket of meme coins as per your risk appetite.
There are four meme index baskets, each with varying degrees of volatility, risk, and reward:
- Meme Titan Index: This is a low volatility and low risk basket of well-established coins (top 10 in the market right now) with a total market capitalization of over $1B. Community votes will decide which coins will be added or removed from the Titan list.
- moonshot index: This basket contains meme coins that are not in the top 10 yet but are just about to join that list. Most of these are already listed (or are in the process of being listed) on Tier 1 centralized exchanges.
- midcap index: This basket is composed of meme coins in the market cap range of $50-250M. This is definitely a risky group of coins, as they are quite volatile and have the potential to move rapidly up or down.
- Meme Mania Index: This is a high-risk, high-reward basket with coins that can turn into multi-baggers. The downside risk is also quite significant, meaning the coin could drop very quickly. However, the fact is that these coins can potentially make you a millionaire in 2025.
Why should you buy $MEMEX?
$MEMEX allows you to diversify your risk in the altcoin industry. With a new token being launched almost every day, it has become extremely difficult for the average investor to identify promising opportunities. However, with $memexYou can reduce this risk with a pre-built basket of tokens.
The project has already raised $3M so far, and you can buy 1 $MEMEX for only $0.0155933 during its ongoing presale. However, since the price is set to increase in less than 24 hours, interested investors should hurry. Here’s a guide on how to buy $MEMEX for more information.
Additionally, early adopters can also choose to stake their tokens for a massive reward of 767% APY. Additionally, token holders also get the opportunity to vote on major community decisions. to visit Official Meme Index ($MEMEX) website For more information.
However, like any other investment, crypto assets are also subject to market conditions. Therefore, you must do your research before investing your hard-earned money. Also, this article is not financial advice.
