Meme Coin Hype Mounts as University Endowments Join US Crypto Rush

Its hardly news that among the promises President Donald Trump made in the run-up to his election was to make the US a Bitcoin superpower, igniting the US crypto rush and the resurgence of meme coins.

Im laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world, Trump said in his keynote address at the Bitcoin 2024 conference held in Nashville, Tennessee. And well get it done.

Whats good for Bitcoin is good for the market as a whole, particularly when university endowments and powerhouse charities are finally taking cryptocurrency seriously. The halo effect does indeed extend to all forms of crypto, including meme coins projects like the one well feature in this article, Meme Index.

University Endowments and Charity Organizations Join the Crypto Rush

The $TRUMP meme coin debacle aside, many pro-crypto developments in the US of late have overall been good for the crypto market. And now, even university endowments and charitable organizations are joining the crypto rush.

Take Georgias Emory University. In October last year, it became the first college endowment to disclose holdings of Bitcoin exchange-traded funds, and others have followed suit. The University of Austin is also raising a $5M Bitcoin fund for its $200M endowment.

The Rockerfeller Foundation, meanwhile, told the Financial Times that it would consider increasing exposure to cryptocurrencies if its user base becomes more diversified.

Chun Lai, the philanthropic organizations chief investment officer and manager of the Rockefeller Foundations $4.8 billion endowment, said that while theres no certainty as to how cryptocurrencies will perform over the next 10 years, we dont want to be left behind when their potential materializes dramatically.

Will Meme Coins Benefit from the Crypto Rush?

The meme coin market exploded last year, entering 2024 with a $20B market cap and ending at more than $120B. Thats a 500% increase, and reason enough for anyone to pay attention to the top meme coin projects.

Take Meme Index ($MEMEX) the worlds first decentralized meme coin index as a good example. This meme coin, currently on presale, gives investors the option of easily diversifying their risk. Thats a clever move, considering the unpredictability of the crypto market, and a first when it comes to meme coins.

Meme Index offers four meme coin baskets indexes, in other words with varying levels of volatility, giving investors wide exposure to the meme coin market but at risk levels theyre comfortable with.

The Titan Index is the least volatile of the indexes and home to the eighty top-performing meme coins $PEPE, $DOGE, $SHIB, $FLOKI, and co. These OGs come with lower risk but slower rewards too.

The Moonshot Index comprises up-and-coming meme coins that are poised for greatness. $POPCAT, $PNUT, and $MOG are among the eight meme coins in this index. The attraction is it offers more growth potential than the Titan Index, but also more volatility.

The Midcap Index, meanwhile, turns the risk factor up a notch. Here youll find tokens like $TURBO and $BOME meme coins with great growth potential but, at the same time, a tendency to swing wildly.

The fourth meme coin basket is the Frenzy Index. This has Degen written all over it: high-risk meme coins with the potential to explode. Say hello to $CAT and $FARTCOIN some of names among the eight meme coins in the Frenzy Index.

As for who decides which meme coins go into those baskets, thats where community governance comes into play. $MEMEX holders have a say in the direction of the project, as well as which meme coins are in the indexes.

Since launching in early December, the MEMEX presale has raised more than $3.5M, and 1$MEMEX currently costs $0.0160352, while staking rewards are at 650%. That price, however, is about to increase as $MEMEX enters the next stage of its presale.

Wrapping Up

If this innovative meme coin sounds like your cuppa, heres the verified link to the official $MEMEX presale website. But as always, we urge you to DYOR, as after all, were not financial advisors.

Once youve done your dues, however, you may find our comprehensive guide to Meme Index helpful. It shows you how to use $ETH, $USDT, $BNB, or a card to buy $MEMEX at the pre-listing price. The $MEMEX whitepaper is an important read, too, while Meme Indexs X channel is the best place to find regular project updates.

Text source: NewsBTC

Cryptocurrency Market News