The post Meme Coins Crash But Meme Index ICO Smashes $3.3M; Is It The Best Crypto To Buy On The Dip appeared on BitcoinEthereumNews.com.

The decentralized index platform Meme Index ($MEMEX) has raised more than $3.3 million in its presale as investors are looking for the best way to make returns in the ever-popular meme token market. Meme Index has captured investor attention by offering a platform that helps traders spread risk while maximizing potential returns. It is launching with four distinct meme coin indexes, each tailored to different risk profiles. This diversified strategy means that even if only one or two coins in a basket rally, investors can still see solid profits. That’s because of the tendency of new meme tokens to significantly outperform the broader market. However, the only way to access its indexes is to purchase its native $MEMEX token. It is currently available at a price of $0.0159077, which can rise very soon. Indexes are the Easiest Way of Navigating the Increasingly Crowded Meme Coin Market Launched last year, Solana’s Pump.fun has since become the leading way of issuing new meme coins. Data from Dune Analytics indicates over 47,000 new coins were created using the platform in the past 24 hours.  It’s very hard picking winners out of such a huge cohort of new tokens. Many tokens witness big gains when they list for the first time but then collapse completely. For example, the recently launched $ROPE, which rose to a market cap of almost $6 million. It netted 15 lucky traders over $10,000 in profits. – Advertisement – We see something similar with another new token, McDonald’s McValue ($MCVALUE). It hit a market cap of $2.74 million on February 3, according to DEX Screener. However, both tokens have plunged by nearly 99% since peaking. That shows how difficult it is to determine which new tokens will have real longevity. Conversely, even tokens that became hugely successful, such as Fartcoin…

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Filed under: News - @ February 7, 2025 2:21 pm