Shiba

Pepe

Coin

<img src="https://cdn.thebittimes.com/images/2024/07/05/4ed5acb5f4bae2e0421e840fa8a621ae.webp" width="602" height="367" style="display: block; margin-left: auto; margin-right: auto;"> 
Investors can now diversify their memecoin portfolios by investing in BitMEX’s recently launched Meme Coin Index Fund. Despite the current market downturn, there is bullish sentiment for memecoins in the upcoming weeks, thanks to this new addition by BitMEX. 
With another memecoin mania anticipated soon, many are interested in finding the next 100x gem and buying into it early for massive gains. 
<h2 dir="ltr" id="span-10-leading-memecoins-in-a-single-contract-span">10 Leading Memecoins in a Single Contract</h2> 
Derivatives cryptocurrency exchange BitMEX has introduced the MEMEMEXTUSDT Basket Index Perpetual Swap Contract, offering traders exposure to the top 10 memecoins through a single contract. This innovative index includes leading memecoins like Dogecoin, Shiba Inu, and Pepe, providing a diversified approach to investing in the memecoin market. 
BitMEX CEO Stephan Lutz stated, "The MEMEMEXTUSDT perpetual swap allows traders to easily diversify their exposure across the top memecoins and capitalize on the latest market trends – all while managing risks effectively." 
<img src="https://cdn.thebittimes.com/images/2024/07/05/a862633e5c322fb4aae4043633f0d696.webp" width="602" height="331" style="display: block; margin-left: auto; margin-right: auto;"> 
Naturally, investors were thrilled by such an offering from BitMEX, causing analysts to speculate that memecoins may be due for an overall jump in value due to this excitement. 
This development is expected to benefit the memecoin category as a whole. By reducing the complexity of trading and providing improved liquidity, the index enables more people, even those with less knowledge about memecoins, to confidently invest in these assets.&nbsp; 
<blockquote class="twitter-tweet"> 
 Introducing the BitMEX Meme Basket Index Perp – the S&amp;P500 for crypto memecoins. It’s your gateway to get exposure to all the top meme coins at once, like <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a>, <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a>, <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a>, <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a>, and <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BONK</a>. Join our $500 Giveaway: 1. Follow <a href="https://twitter.com/BitMEX?ref_src=twsrc%5Etfw">@BitMEX</a>, Like &amp; RT 2. Tag 3 friends + <a href="https://twitter.com/BitMEX?ref_src=twsrc%5Etfw">@BitMEX</a> 3.… <a href="https://t.co/S3IK9rhGyc">pic.twitter.com/S3IK9rhGyc</a> — BitMEX (@BitMEX) <a href="https://twitter.com/BitMEX/status/1808712735213171029?ref_src=twsrc%5Etfw">July 4, 2024</a>
</blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
As more investors enter the memecoin market, the increased demand could lead to significant growth and recognition for memecoins. To celebrate the launch, BitMEX is offering a prize pool of up to $10,000 in USDT to traders who utilize the MEMEMEXTUSDT contract. 
<h2 dir="ltr" id="span-mememextusdt-is-not-the-first-of-its-kind-span">MEMEMEXTUSDT is Not the First of Its Kind</h2> 
Before this product announcement by BitMEX, MarketVector, a subsidiary of VanEck, had also launched the MEMECOIN Index, which has surged considerably since its launch. This index tracks six popular meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), DogeBonk (DOBO), Bonk (BONK), Pepe (PEPE), and Floki (FLOKI). 
The index imposes a 30% cap on individual coin weightings for diversification and is reviewed monthly. It provides institutional investors a structured entry point into the volatile memecoin market and offers retail investors insights into the performance and market share of their favorite memecoins. 
There has been general speculation among leading analysts that these developments could result in significant growth for memecoins, especially those yet to launch. <a href="https://www.youtube.com/@99Bitcoins" target="_blank" rel="noopener">99Bitcoins</a>, a highly popular crypto YouTube channel boasting more than 700k subscribers, also highlighted this fact, citing a fresh project called WienerAI as a prime example. 
<iframe width="1665" height="724" src="https://www.youtube.com/embed/9deJpxVb3CM" title="Meme Coin Index Could Send Memes Like This One Soaring Higher!" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
<a href="https://cryptofinance.care/b_wienerdogai-en_80752?referrer=trade-dogecoin-shiba-inu-pepe-and-more-with-bitmex-meme-coin-index-mememextusdt" target="_blank" rel="noopener">WienerAI</a>, a project yet to be launched officially, was introduced a couple of weeks ago and has seen a steady increase in demand. This demand seems to have shot up further since the news of the index fund launch by BitMEX, with the presale having raised more than $7 million, which is very impressive given the current market conditions. 
<img src="https://cdn.thebittimes.com/images/2024/07/05/6805b1032f45255d5a7375676b8b2b9f.webp" width="602" height="457" style="display: block; margin-left: auto; margin-right: auto;"> 
The project features a cybernetic-styled wiener dog as its mascot. It offers utility while being a memecoin by integrating a string AI trading bot for traders to potentially earn profits, while also enjoying the value appreciation of its native token. 
Audited for security and already trending on several crypto news websites, the <a href="https://cryptofinance.care/b_wienerdogai-en_80752?referrer=trade-dogecoin-shiba-inu-pepe-and-more-with-bitmex-meme-coin-index-mememextusdt" target="_blank" rel="noopener">WienerAI</a> project is speculated to be one of the many projects to make it to the top gainer list in the coming weeks, given the Index fund launch and the huge influx of new investors that shall enter the memecoin space now. 
<h2 dir="ltr" id="span-playdoge-is-the-dog-meme-community-s-favorite-pick-span">PlayDoge is the Dog-Meme Community’s Favorite Pick</h2> 
Whenever the overall market sees an uptick for memecoins, dog-themed projects see an increase in demand, with the best among them becoming successful cryptos. This season, <a href="https://shrt.care/1fa0af82?referrer=trade-dogecoin-shiba-inu-pepe-and-more-with-bitmex-meme-coin-index-mememextusdt" target="_blank" rel="noopener">PlayDoge</a> seems to be among everybody’s top picks.&nbsp; 
<img src="https://cdn.thebittimes.com/images/2024/07/05/112ed4dd08b1a4765ec00256a4a91a10.webp" width="602" height="456" style="display: block; margin-left: auto; margin-right: auto;"> 
This new project introduces a 2D Tamagotchi-style virtual world where players care for their PlayDoge pets, earning rewards through gameplay. The project’s native token, PLAY, governs the ecosystem and offers attractive staking returns. 
PlayDoge has quickly raised over $5 million, benefiting from its investor-favorite BEP-20 standard, ensuring lower fees and wider adoption. With a capped supply of 9.4 billion tokens, PLAY is designed to increase in value as adoption grows.&nbsp; 
The project’s reliability is solidified by an audit from SolidProof, a reputable German firm. The project's website outlines a comprehensive four-phase roadmap, indicating a strong long-term vision. 
<iframe width="1665" height="724" src="https://www.youtube.com/embed/wqT1-e2vXs4" title="Play to Earn meets Meme Coin - is PlayDoge the NEXT 10X Potential Crypto?!" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
PlayDoge's unique concept, combined with endorsements from influential crypto entities like the aforementioned <a href="https://www.youtube.com/@99Bitcoins" target="_blank" rel="noopener">99Bitcoins YouTube channel</a> among many others, positions it as a potential high-growth memecoin. Social media buzz and presale success suggest a promising future for PlayDoge, potentially echoing the rise of previous P2E projects like Axie Infinity. 
A lot of investors may join the memecoin bandwagon in hopes of massive profits, which within stable market conditions may not be a faraway goal. Projects like WienerAI and PlayDoge may make it to the top cryptos list if the memecoin community is proven right and this new Index fund enjoys interest and active participation from a new group of investors. 
<a href="https://shrt.care/1fa0af82?referrer=trade-dogecoin-shiba-inu-pepe-and-more-with-bitmex-meme-coin-index-mememextusdt" target="_blank" rel="noopener">Visit PlayDoge</a>
Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/trade-dogecoin-shiba-inu-pepe-and-more-with-bitmex-meme-coin-index-mememextusdt-tbt95706.html">https://thebittimes.com/trade-dogecoin-shiba-inu-pepe-and-more-with-bitmex-meme-coin-index-mememextusdt-tbt95706.html</a>

Trade Dogecoin, Shiba Inu, Pepe And More With BitMEX Meme Coin Index MEMEMEXTUSDT

Table of Contents

TheBitTimes

Egyéb ezen a dátumon (2024. júl. 5.) megosztott cikkek

Mt. Gox Moves $2.7 Billion Bitcoin As Selloff Fears Trigger Crypto Crash

Dogecoin Dumps As Whales Move 400 Million Coins: Trader Predicts 'Next Will Be A Huge Rebound'

Celebrity Influence in the Crypto Space: Memecoins on Solana with Pump.fun and Moonshot

At What Level Will the Fall in Bitcoin Stop? Experienced Analysts Explained!

Top Crypto Gainers Today Jul 05 – Enzyme, Cream Finance, SafePal, Beldex

EBA Expands Travel Rule Guidelines to Include Crypto Service Providers

Join our free newsletter for daily crypto updates!