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Analyst Predicts New Meme Coin Will Outperform Dogecoin, Pepe in Q2 as Presale Nears Conclusion

Although the meme coin market managed to peak above $50 billion in total value yesterday, meme tokens are back to the $48 billion mark as established tokens struggle to break out of the month-long red trend.

Dogecoin (DOGE) and Pepe (PEPE) are down 34.32% and 23.45%, respectively, over the past 30 days, including todays 2-3% dip. Amidst the downturn and uncertainty that plagues the meme coin market, Meme Index (MEMEX) is showing resilience as it hasnt lost momentum despite the negative market sentiment.

The Meme Index presale is now just 10 days away from wrapping up, leaving investors with limited time to add MEMEX to their portfolios at a lower price and take advantage of its massive staking APY. 

Meme Index Strives to Bring Diversified Investments to the Meme Coin Sector 

As the Meme Index presale draws closer to its end, the launch of its decentralized investment platform is approaching. Its unique design is what separates MEMEX from other meme tokens, as it mimics the concept of traditional stock market indexes, but is specifically tailored for the meme coin sector.

The project intends to make the meme coin space more approachable to new investors via its meme coin indexes, which will allow investors to make pooled investments in meme tokens based on their volatility.

The low-volatility token basket, Meme Titan, will include the leading meme tokens, while the Moonshot index covers the top contenders. Investors interested in high-risk, high-reward tokens will find mid-cap and high-volatility tokens in the Midcap and Frenzy baskets, respectively.

MEMEX holders will have exclusive access to the platform, making the token an asset thats designed to be held. Additionally, those holding Meme Index will have governance rights that allow them to decide which tokens they wish to add or remove from each meme index.

Although further details are yet to be announced, the projects developers also set aside 20% of the total token supply for community rewards and incentives.

Expert Issues Final Call to Enter Presale and Start Staking MEMEX Ahead of Explosive Surge

With 25% of the total token supply set aside for staking rewards and a dynamic staking APY of 555%, Meme Index encourages early adoption. Thats because the yield will decrease as more tokens are staked, ensuring early backers get the best rewards.

Over 180 million MEMEX tokens have already been staked by investors despite the 3-year vesting period, showcasing their confidence in the projects long-term success. Plus, the project will have a lock-up period for staked tokens and burn a portion of the staking reward supply to reduce speculative trading and increase scarcity, which could positively impact MEMEXs price.

Impressed by the projects strong fundamentals and focus on long-term success, as well as its unique goals, meme coin expert Crypto Boy sees a 100x potential in MEMEX and advises his audience to start acquiring the token before the presale ends.

Crypto Boy believes MEMEX will see its first DEX listings as soon as the presale wraps up, which is scheduled to happen in just 10 days. 

Although the end of the Meme Index presale is approaching, its per-token price still hasnt reached the listing price of $0.0170247, according to the projects whitepaper, meaning investors still have a chance to purchase it at a discount.

Best Wallets Endorsement and Robust Security Helped MEMEX Gain Traction Heres How to Buy

Although holding MEMEX brings unique benefits to investors, Meme Index is a meme coin project at its core, meaning its success is likely to be decided by the strength and trust of its community.

Regarding investor security, the projects smart contract has been audited by SolidProof and Coinsult, which confirmed there are no critical underlying issues in its code.

With 20% of its total token supply dedicated to fueling its marketing efforts, MEMEX already enjoys the support of over 29,400 followers across X (Twitter) and Telegram

Besides strong marketing, MEMEX attracted significant attention with its partnership with Best Wallet, the fastest-growing Web3 non-custodial wallet. Meme Index is featured in its Upcoming Tokens section, making it easily accessible to the wallets 250,000+ monthly users.

Previously, Best Wallet featured Pepe Unchained (PEPU), another Pepe-inspired token that skyrocketed by over 700% just 48 hours after its launch. If it manages to maintain its momentum post-launch, MEMEX stands a solid chance to surpass PEPUs success.

Investors can purchase MEMEX for $0.0166883 via the presale website or Best Wallets apps using ETH, BNB, USDT, or a traditional bank card. However, that price will increase once the presale crosses the $5.7 million raised mark, making this the best time to invest in MEMEX.

User Score

10

Features

Diversified Exposure & Decentralized Governance

High APY & 159M Staked

The post Analyst Predicts New Meme Coin Will Outperform Dogecoin, Pepe in Q2 as Presale Nears Conclusion appeared first on CryptoNinjas.

Read more: https://www.cryptoninjas.net/news/analyst-predicts-new-meme-coin-will-outperform/

Text source: CryptoNinjas

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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