BTC Nears $95,000 Indicating a Ripe Buying Period: How $MEMEX Can Help Diversify Risk

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On Thursday, Bitcoin dipped under the $95,000 threshold, representing a 10% drop over the past three days from its peak at $102,760. Interestingly, it appears that Bitcoin has established a support level around $91,150 – a point it hasn’t closed below since November 15th. This development raises an intriguing possibility: Could this be the perfect moment for investors seeking a new opportunity to invest in Bitcoin?

Apart from a promising market trend like the Golden Cross, the Spent Output Profit Ratio (SOPR) has dipped under 1 and currently hovers around 0.987. In simpler terms, this signifies that short-term investors are selling Bitcoin at a loss, making it a potentially cheaper option. Interestingly, when the SOPR drops below 1, it’s usually followed by an uptick in price.

Explanation: The SOPR (Spend Output to Realized Output Ratio) calculates the relationship between the price at which Bitcoins were sold and the price at which they were initially purchased. If the selling price is lower than the buying price, the resulting value will be less than 1.

Frequently, when short-term investors face loss, it opens up more chances for advantageous acquisitions – and that’s the situation we find ourselves in with Bitcoin at present. Should prices drop even more, shrewd investors will seize the opportunity to profit from reduced purchasing costs.

If you’re considering purchasing Bitcoin, now might be an opportune moment. But if you prefer a more diversified approach and don’t want to risk too much on a single asset, there’s an intriguing alternative for you – the Meme Index (MEMEX).

Why Choose $MEMEX?

Meme Index stands out as one of the top meme-based cryptocurrencies currently available, offering the advantage of investment diversity. Rather than solely placing your funds into a single asset such as Bitcoin, purchasing $MEMEX allows you to invest in a collection of different coins (basket of assets or indexes).

Yep, you wouldn’t be wrong if you considered it a mutual fund-like scheme for cryptocurrency.

Meme Index offers four indexes depending on the level of risk you’re willing to take:

  1. Meme Titan: This basket includes well-established meme coins, most of which have a market cap of more than $1B, such as $PEPE, $DOGE, and $SHIB. This index is ideal for investors who want to play it safe.
  2. Moonshot: This includes meme coins that have the potential of breaking into the top 10. Many of them have already been listed on tier 1 exchanges or are in the process of being listed soon.
  3. Midcap: This basket includes meme coins with a market cap between $50-250M. Buy this index if you’re willing to take a bit of risk as the coins are volatile.
  4. Meme Frenzy: This index is built for risk lovers with potential multibagger meme coins with high risk levels.

As a potential crypto investor, I find this project highly promising. Currently, you can take advantage of the early bird opportunity with the $MEMEX presale, which is ongoing as I write this. Do keep in mind that the prices will surge over the next 21 hours and subsequently at each subsequent stage of the presale.

$MEMEX has already raised $2.2 M and has a strong community following with 19K followers on X.

Engaged community participants have the power to cast votes on critical issues and suggestions, thereby shaping the course of the project. By adopting a community-led strategy, it is the investors who ultimately get to determine the project’s future trajectory.

Essentially, $MEMEX represents a unique form of investing that employs a basket approach, thereby reducing the overall risk for your investment portfolio by means of diversification. This makes it an excellent choice for novice investors who may find it challenging to identify promising meme coins to invest in. By opting for $MEMEX, they can effortlessly invest in a mix of meme coins that aligns with their risk tolerance level.

Just so you’re aware, the information I’m providing shouldn’t be considered as investment advice. It is essential to conduct thorough research on your own and seek guidance from a financial advisor whenever necessary, prior to making any investment choices.

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2025-01-11 15:40