Following a 9.63% soar over the past 24 hours, the meme coin sector is now back at its early March levels as meme tokens are collectively valued at $59 billion. As investors show renewed interest in meme tokens, the leading ten meme coins are recording gains of 6.82% to 95% over the past seven days.
However, established meme tokens aren’t the only ones making gains, as the Meme Index (MEMEX) presale has soared to $4.2 million raised since its inception in early December. The presale is now nearing its end, and although there are just five days left before it wraps up, investors still have the opportunity to secure their share of MEMEX on the ground floor.
Once the presale wraps up, Meme Index will see its first DEX listings, with the launch of its platform for pooled investments into meme tokens soon to follow.
Meme Index Gains Momentum as Investors Rush to Enter at Low Entry Point
According to the project’s whitepaper, MEMEX’s listing price is set at $0.0170247, which is above its current presale price of $0.00166883. As the presale’s end approaches, investors don’t have long to add Meme Index to their portfolios at a discount, making this the best time to invest.
Investors can purchase MEMEX via the presale website using ETH, BNB, USDT, or a credit or debit card. No minimum investment is required, making the presale equally attractive to smaller investors and whales.
Alternatively, MEMEX is also available via Best Wallet’s in-app “Upcoming Tokens” section, which features vetted presales. Previously, Best Wallet endorsed projects like Pepe Unchained (PEPU) and Catslap (SLAP), making them easily accessible to its 250,000+ monthly users.
PEPU and SLAP saw a surge of over 700% and 5,500% just two days after their launch, respectively, a success MEMEX could surpass if it keeps its momentum.
Source: Meme Index’s X
With 15% of its total 15 billion token supply set aside for the presale, MEMEX’s developers have ensured everyone has a chance to secure their share of the tokens before they hit the market. Additionally, they allocated 20% of the total token supply for community rewards and incentives, with further details yet to be announced.
Analyst Highlights Massive Upside Potential
Although Meme Index is a meme coin at its core, it also acts as a key to the upcoming investment platform its developers are preparing to release, giving it added value. Owning MEMEX will allow investors to make pooled investments into other meme tokens via the upcoming platform’s four “baskets.”
Each meme coin basket will feature different tokens based on their volatility, allowing investors to diversify their investments and risks. For example, investing in the Titan Index will spread the investment across the meme coin market’s leading tokens, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE).
The Moonshot Index will feature the top contenders in the space, while mid-cap tokens with increased volatility will be featured in the Midcap Index. For the highest risk-reward ratio, investors will also have the opportunity to invest in highly volatile emerging meme tokens via the Frenzy Index.
Meme coin analyst Alessandro de Crypto, impressed by the project’s unique approach to the market, believes MEMEX has a “great upside potential” and gives a final call to enter the presale.
The analyst believes Meme Index’s low market cap will work in its favor, as he expects the token to grow by approximately 10x and reach a market cap of more than $40 million on launch.
Generous Staking Rewards & Growing Community
Meme Index is backed by its ambitious goals and strong marketing efforts, which are fueled by 20% of the total token supply. They have already captured the attention of more than 29,400 followers on its X (Twitter) and Telegram channels.
Besides its focus on early adoption and community growth, the project’s developers also emphasize investor security. Meme Index’s smart contract has been audited by SolidProof and Coinsult, which found no critical underlying issues in its code, confirming investor funds are safe with MEMEX.
Investors don’t have to wait for the distribution of the planned community rewards to earn extra MEMEX, however, as the project offers an impressive 545% staking APY.
Although the staking mechanism has a 3-year vesting period, over 183 million MEMEX have already been added to the staking pool, reflecting the confidence of the project’s community in its long-term success.
However, the staking rewards are dynamic, meaning early investors stand to reap the best passive rewards since the staking APY will decrease as investors stake more tokens.
With less than a week left before the presale ends, investors don’t have much time left to purchase MEMEX at a lower price and secure the highest passive rewards.
