TRUMP is no longer reigning as one of the top three meme coins by market capitalization as the sell-off frenzy has begun. The drop in the TRUMP price has been consistent, with more and more people moving away from it. Under these circumstances, people are looking for the best crypto to buy that, while showing a similar level of surge as TRUMP, won't risk disappearing into the ether as this presidential meme coin is doing today. TRUMP Coin has Tanked More than 50% in the Last 5 Days Red signals began to appear shortly after TRUMP reached its all-time high on Donald Trump's inauguration day, valued at more than $75, which is nearly unprecedented for a meme coin. For many, this made the token the best crypto to buy around that time. While fervent Donald Trump followers managed to sustain its value for a bit longer, as evidenced by a bounce that pushed the token up to the $60 level again, the number of skeptics around this had already begun to rise. The initial hype experienced by TRUMP was largely due to the Donald Trump branding and multiple publications, ranging from Forbes to Bloomberg, discussing this project. That FOMO led many to close their positions on other meme coins and board the TRUMP train to make massive gains. And the gains were indeed massive, as the 4-hour-interval candlestick chart shows TRUMP climbing by more than 43,000%. Since then, however, people have started to pull back rapidly. The initial sell-off frenzy dropped the TRUMP price by more than 69%, but a panic bounce created some green candles. Donald Trump's recent executive orders around AI infrastructure investment also helped. But that interest has now died, and the token's price is dropping constantly. After losing support around the $32 mark, TRUMP coin has dropped further, with $27 acting as its current support. At the time of writing, TRUMP is trading around the $28 level and has a market capitalization of close to $5.7 billion. The good news is that a descending wedge pattern is forming, which is a bullish reversal pattern. If the trendlines coincide around the $21 mark, investors may return. A deeper analysis of this token has been provided by Jacob Crypto Bury in one of his latest videos. While these analyses hold weight, they are based on speculation. More volatility could lead to a longer red candle, which could break this trend, pushing TRUMP coin to new lows. Therefore, those looking for the best crypto to buy now should pursue presales. Meme Index Might the Best Crypto to Buy Now For Investors TRUMP's current performance reveals a harsh reality that investors shouldn't put all their money into one meme coin. While gains through TRUMP token were high, losses suffered by those who bought at the peak were equally profound. Diversification is therefore key to meme coin investments, and meme coin indices are ideal for asset diversification. Meme coin indices gained prominence after VanEck announced its meme coin index of top meme coins. While it gained popularity, investors now seek a decentralized meme coin index. Meme Index is the solution. As the world's first decentralized meme coin index, Meme Index distinguishes itself with community-based governance. While centralized indices follow traditional market patterns to rebalance an index, Meme Index lets the community decide which tokens to add and remove from the index. Meme Index provides investors with four different types of meme coin indexes, differentiated by asset volatility: The Meme Titan Index contains high-cap meme coins with relatively stable price actions compared to other indexes. The Moonshot Index comprises high-cap tokens that are either listed on tier-1 exchanges or seeking such listings. The Midcap Index features truly volatile meme coins. With market capitalizations between $50 million to $250 million, these tokens have strong degen communities and aim to overtake moonshot meme coins. The Meme Frenzy Index targets degen investors, containing newly released tokens with small communities and immense viral potential. These tokens could vanish within a day, making this index suitable only for high-risk investors. MEMEX - Utility Token Powering Meme Index Powering the robust ecosystem of Meme Index is the MEMEX token . Developed on the Ethereum blockchain, it is a governance token powering the Meme Index DAO. The Meme Index DAO will determine which tokens to add and remove from the meme coin index. The goal is to consider not only technical analysis but also community strength and sentiment indicators when determining a meme coin's suitability. This makes index rebalancing more nuanced, with higher potential for investment success. MEMEX holders will also earn staking rewards, with an estimated reward rate of 806% at the time of writing. Another interesting attribute of Meme Index is that despite being portrayed as a utility crypto, it hasn’t lost touch with its meme-based audience. The fun factor associated with some of its tweets attest to this factor. Summary TRUMP's recent drop has investors searching the crypto space for the best crypto to buy now. Meme Index could be an option. The project's focus on diversifying meme coin investments is noteworthy. Having raised over $2.8 million during ongoing presales suggests significant interest in what Meme Index has to offer. 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.
