The crypto market has taken a tumble today but the Meme Index ($MEMEX) presale is pushing ahead with strength.
Market-leading meme coins Dogecoin and Pepe have not found investors’ shopping lists, with their prices down 2.3% and 3%, respectively.
Meanwhile, Meme Index has soared beyond the $1.1 million total raised mark in its presale.
DOGE and PEPE jitters amidst market selloff
It’s been an unfortunate start to the week for Dogecoin and Pepe holders, with both tokens falling in price amidst a broader market retracement.
The bulk of December has proved bearish for cryptocurrency prices, with very few able to sustain prices above the highs set in late November.
Currently, Dogecoin is trading at $0.3, down 2.3% today, 1.8% this week, and 28% this month.
Pepe is trading at $0.00001757, down 3% today, 2.5% this week, and 15% this month.
These retracements reflect current market conditions, with the total crypto market cap dropping 2.15% today.
Yet, Meme Index has defied the slump, raising $200K in the past 24 hours. This has pushed its total raise to an exact amount of $1,179,783.4.
Meme Index’s decentralized investment platform
Meme Index has dodged the recent sell off due to its standout position in the meme coin market, offering the first decentralized meme coin indicies trading platform.
The project will offer diversified baskets of cryptocurrencies that investors can buy with a single click.
There are four baskets to choose from, ranging from low to ultra-high volatility. These baskets provide diversified exposure to a range of assets, reducing the downside risk that comes with concentrated bets on one or a small number of meme coins.
Platform access, governance rights, and staking privileges with $MEMEX
Anyone who wishes to use the Meme Index platform must hold the $MEMEX token, meaning its demand will rise as platform adoption and trading volume rises.
The token also grants governance rights, meaning holders can vote and shape the project’s future. They’ll vote on a range of matters, including changes to the four meme coin indexes.
Holders can also stake their tokens for passive rewards. The staking feature is live amidst the presale and currently provides a 2,032% APY. However, this will decrease as the staking pool grows.
$MEMEX is the centerpiece of the Meme Index investing platform, which could make it highly valuable once the platform launches.
All of this is drawing attention from top crypto traders. In a recent video, Jacob Bury said that Meme Index could have 10x potential once it lists on the open market.
Bury boasts over 50K YouTube subscribers, so the exposure from him and other high-profile figures is undoubtedly helping Meme Index grow in notoriety.
Get involved with $MEMEX before the next meme coin season begins
As interest in the meme coin sector rises, demand for the Meme Index platform, and therefore the price of $MEMEX, will also grow.
This means that those seeking to capitalize on the meme coin supercycle’s next leg could benefit from participating in the Meme Index presale as early as possible.
The $MEMEX token is currently available to buy at $0.0147457, but this price will rise throughout the ICO. The next increase will occur in less than one day.
Blockchain security firms Coinsult and Solid Proof audited the Meme Index smart contract and found it to be safe and secure.
Prospective investors can contribute to the presale by visiting the Meme Index website homepage, connecting their wallet, choosing the amount of tokens they want to buy and the payment methof they wish to use.
You can also buy $MEMEX using the Best Wallet app’s Upcoming Tokens feature.
Follow Meme Index on X or join its Telegram to catch the latest updates and news.
