Are ‘tech’ altcoins like Cardano and Polkadot really so much holier than meme coins?
Pump.fun’s co-founder Alon Cohen doesn’t think so. At least not to average traders, who don’t care much about the utility or tech behind a crypto project.
Instead, making a profit while having fun seems to take the crown as priority number one.
And there’s something to be said about the profit potential behind utility altcoins and meme coins.
The market speaks volumes about that – meme coins seem to dominate, with examples like Test ($TST) making over 700% in seven days. Meanwhile, Tron ($TRX) is only up by 92% in the last year.
If Cohen’s perspective turns out to be true, then one presale meme coin might fill that market need – Meme Index, the world’s first meme coin index.
Let’s dig deeper and see what’s what.
Utility Altcoins vs Speculative Meme Coins – Technical KO?
If we compared altcoins to meme coins on a purely profit-based metric, meme coins blow the competition out of the water without even trying.
Here’s a quick weekly comparison to see what we mean:
Avalanche (+2%) Test (+698%) Cardano (–0.38%) Bad Idea AI (+227%) Chainlink (–0.08%) Banana For Scale (+198%) Tron (+6%) Andy BSC (+171%) Polkadot (+5%) Vita Inu (143%)
There’s a drastic difference in profit margins between the two, and according to Pump.fun’s co-founder Alon Cohen, the average trader cares more about profit and having fun.
Pump.fun has had an enormously-successful journey since launching in January 2024. Over 7M meme coins have been launched in 13 months.
Source: Cointelegraph And in February 2024, the total meme coin market cap exploded by 169% (from $22.48B to $60.52B) in eight days. It never went under $30B afterward.
It’s pretty clear that meme coins are where the fun is. And significantly more profitable, to boot.
The only downside (quite a large one at that) is the risk. Meme coins are a very risky investment, as sentiment-driven volatility can wipe away your gains in minutes.
But one meme coin presale sets out to solve that – Meme Index.
Meme Index – Better Risk Management and 8x the Fun
Meet Meme Index ($MEMEX), the one presale that promises to make memecoin investing safer and more enjoyable.
How, you ask?
Through four meme coin baskets that let you invest in an index of the most popular meme coins (titans like Dogecoin and Shiba Inu included).
The four indexes have different volatility tiers, as follows:
- Meme Titan offers a roster of top 10 meme coins with a market cap of $1B.
- Meme Moonshot gives you meme coins set to challenge the current top 10 and achieve a $1B market cap.
- Meme Midcap is volatile ground, with tokens in the $50-$250M market cap range that could go either way, depending on the market sentiment.
- Meme Frenzy is where volatility reigns free, and risky plays are the only accepted trading strategy. These tokens can fly skyward or sink into the abyss.
With Meme Index, you’re effectively fine-tuning your risk appetite and volatility tolerance. If you like to keep your feet on the ground but still yearn for some action, Meme Titan is your best option.
And if you call yourself a true memecoin degen, Meme Frenzy is more up your alley. An alley fraught with dangers and potential treasures at every turn.
$MEMEX has raised over $3.5M in presale, with a token price of $0.0160352, and holders will also receive governance rights and a sky-high staking APY of 651%.
We predicted Meme Index to reach $0.074 by the end of 2025, which is a 361% increase from its current price. Given the current meme climate, that’s a distinct possibility early presale buyers shouldn’t ignore.
To buy Meme Index, head over to the presale site, connect your wallet (like Best Wallet), enter the number of coins you want to buy, and wait until the presale ends to collect your tokens.
But remember, investing in presales remains a risky endeavor, and you should do your own research before making a decision.
