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The lucky investors who stacked XRP at $0.05 and held it through its topsy-turvy price trajectory are currently sitting on over 50x returns, with a strong possibility of hitting the 100x mark in this bull cycle.
XRP’s utility as a cross-border payment and instant remittance medium has established it as a long-term project, which has unsurprisingly resulted in long-term outsized high returns.
A new altcoin, Meme Index (MEMEX), has now caught the attention of smart money investors. Much like XRP, its utility—an index fund-esque investment vehicle for meme coins— has made it an attractive project in the long term, with many calling it the next 100x crypto.
How To Find The Next XRP At $0.05?
The XRP army remains extremely bullish on their favourite cryptocurrency.
Indeed, analysts believe XRP remains an attractive investment, despite the short-term choppiness. Ripple CEO Brad Garlinghouse’s close relationship with Donald Trump, the strong likelihood of spot XRP ETF approval and the asset’s institutional demand have made it one of the best cryptos to buy now.
Several XRP price predictions from experts have the third-largest cryptocurrency peaking anywhere between $8 to $13 in this bull market.
However, XRP isn’t as attractive as it was at $0.05 back in 2017. Its near $150 billion market capitalization means investors are eyeing for anywhere between 3x to 5x returns.
Meanwhile, smart money investors are hunting for the next 100x crypto among low-cap meme coins or altcoins with attractive long-term utility, the two categories that have reliably delivered outsized returns during this bull market. The new crypto project, Meme Index, combines them both.
Meme Index — The Smart Way To Invest In Meme Coins
Why gamble on individual meme coins when you can bet on the entire sector?
There are simply too many meme coins on the market, which is one of the reasons experts believe the highly-anticipated “altseason” hasn’t started yet.
In particular, small-scale retail investors often end up betting on the wrong coins, considering they don’t have enough capital to create a diversified meme coin portfolio. Very often, they miss out on high-upside projects owing to the lack of any reliable alpha.
Meme Index tackles these issues head-on. As the name suggests, the project is creating an index fund-esque investment vehicle designed specifically for meme coins, known as meme coin baskets.
Meme Index will soon unveil four baskets, each tracking a different part of the meme coin sector and offering different risk-reward potential.
First up is the Meme Titan Index, designed for safe players and institutional investors. The basket will include blue-chip coins like Dogecoin and Pepe, offering attractive returns with limited downside.
Next is the Meme Moonshot Index, including high-flying coins that appear poised to hit the $1 billion mark. Similarly, the Meme Midcap Index will include assets with a market cap between $50 million and $250 million.
Finally, the Meme Frenzy Index is designed for the degens—those who don’t mind the risk and are eyeing generational wealth.
Crucially, MEMEX holders will vote to decide which meme coins are included in each basket, making Meme Index a decentralized index fund for meme tokens.
This would mean that every project in each basket has strong community support. Even the high-risk, high-reward low-cap tokens in Meme Frenzy are unlikely to be scams.
Even more importantly, small-scale retail investors would finally be able to benefit from high-upside projects that they would have otherwise missed out on, thanks to the impact of community intelligence.
Is MEMEX The Next 100x Crypto?
It is no surprise why Meme Index is being viewed by many as the next 100x crypto. Others have called it one of the best meme coins to buy now.
Much like XRP, it has in-demand utilities, which makes MEMEX an excellent long-term investment. Smart money investors are quickly realizing that they will be able to track the entire meme con sector during the upcoming supercycle with just four investments.
Besides, MEMEX is a meme token in its own right and is expected to surge in the supercycle as well.
Unsurprisingly, Meme Index has raised nearly $4 million in the early stages of its presale. Despite the strong early demand, analysts believe the new crypto is undervalued at its current presale price point.
With the meme coin market nearing its local bottom and eyeing a bullish reversal, the demand for a dedicated index fund for meme tokens will become apparent again, resulting in FOMO and outsized returns from Meme Index.
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