A new meme coin, Meme Index (MEMEX) , is receiving considerable praise early in its presale, with some calling it one of the best crypto to buy now. There is a strong demand for MEMEX among smart money investors and retailers alike, with the new meme coin having already raised over $2 million in its presale. Meme Index - Invest In Meme Coin Baskets The strong demand for meme coins means that the sector has ballooned to thousands of tokens, a number of which have high upside potential. While whales can easily invest in a broad selection of meme cryptos for outsized returns, small-scale retailers often have just enough funds for two to three investments. Their all-in approach also has considerable risk and opportunity cost — many tokens underperform while others may turn out to be scams. Consider, Moo Deng, for example. The meme coin is live on almost all top-tier CEXs, including Coinbase and Binance Futures. It currently represents the third-largest allocation by the trading firm Wintermute. And yet, the Moo Deng coin is down by nearly 30% since its Coinbase listing. While the meme coin is expected to eventually skyrocket, small-scale investors who went all-in on MOODENG are currently in significant losses. Meme Index is looking to tackle this issue head-on. It is the first-ever decentralized index fund for meme coins, seeking to offer broad market exposure to investors while spreading the risk. Investors will have their choice from four separate indexes. The Meme Titan Index will include blue-chip meme coins, many of which have multi-billion dollar valuations. The basket will likely feature assets like Dogecoin, Shiba Inu and Pepe. Similarly, the Meme Moonshot Index will include the high-flyers — tokens that have been showcasing outsized growth and are poised to hit the billion-dollar mark. This basket could have projects like Notcoin, First Neiro On Ethereum and Snek. Third is the Meme Midcap Index, featuring assets within the $50 million and $250 million valuations. Investors could find the next Binance meme coins in the basket, especially since the world’s leading exchange has been listing low-cap crypto assets in recent months. Finally, the Meme Frenzy Index will include high-risk, high-reward meme coins. This index is designed for the degens and could offer outsized returns, especially in the upcoming meme coin supercycle. Notably, only MEMEX holders will be able to invest in these baskets, which explains the strong early demand for the new crypto coin. Moreover, they will vote on which meme coins are included in each basket, a feature that has impressed the experts. It will allow investors to benefit from community-intelligence — making money from investments that they otherwise would have missed out on. Moreover, it would be extremely unlikely that a scam token would make it into the basket. With its unique value proposition, it is no surprise that smart money investors are calling Meme Index one of the best crypto to buy now. Is MEMEX The Best Crypto To Buy Now? Aside from its innovation and community governance, MEMEX is also a meme coin with strong fundamentals. Smart money investors are impressed with its community-centric tokenomics, multiple security audits and strong social media presence. For instance, the Meme Index X account — which was created at the start of the presale — already has nearly 20k followers. This is on top of the 2.3k Telegram subscribers. Retail investors are also investing in MEMEX due to its presale staking platform, which is currently offering a reward rate of over 1100%. Unsurprisingly, Meme Index is being backed as one of the best crypto to buy now. Many smart money investors are eyeing up to 10x returns from it following its launch. Visit Meme Index Presale Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
