Bitcoin slipped below the $95,000 mark on Thursday, marking a 10% fall in the last three days from the highs of $102,760. The coin has seemed to form a base at around the $91,150 mark – Bitcoin has not closed below this mark since 15th November. This begs the question whether it’s a golden time to accumulate Bitcoin, especially for investors looking for a fresh entry?
Besides favorable price action setup (such as the Golden Cross), the SOPR (Spent Output Profit Ratio) has also slipped below 1 and now stands at 0.987. This indicates that short-term investors have been selling Bitcoin at a loss. Simply put, this means that Bitcoin is now available at a discount. Historically too, whenever the SOPR falls below 1, it’s succeeded by an increase in price.
Note: SOPR measures the ratio between the value of Bitcoin when they were sold and the value when they were bought. A selling price lower than the buying price yields a value less than 1.
Often, as short term investors experience pain, it leads to better accumulation opportunities, which is exactly the case with Bitcoin right now. If the prices slip further down, smart investors will look to benefit from lower buying prices.
So, if you’re looking to buy Bitcoin, the might just be the right time. However, if you want to play it safe and not put all your eggs in one basket, we’ve got something interesting for you – Meme Index ($MEMEX).
Why Choose $MEMEX?
Meme Index is one of the best meme coins on the market right now, bringing the benefits of diversification to the table. Instead of investing your money in a single asset like Bitcoin, you can buy $MEMEX to invest it in a basket of coins (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:
- Meme Titan:Â 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.
- 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.
- 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.
- Meme Frenzy: This index is built for risk lovers with potential multibagger meme coins with high risk levels.
The project has a lot of potential. Available at a price of just $0.0151032 per token, you can benefit from early entry thanks to the $MEMEX presale, which is currently live. However, note that the prices will increase in the next 21 hours and then at every following stage of the presale.
$MEMEX has already raised $2.2 M and has a strong community following with 19K followers on X.
Active community members can vote on crucial topics and proposals and maneuver the direction of the project. This community-driven approach ensures that it’s the investors who ultimately decide the future of the project.
Overall, $MEMEX is one-of-a-kind basket-based investing that lowers your overall portfolio risk through diversification. It’s, therefore, also ideal for new investors who often find it difficult to spot fantastic meme coins to invest in. With $MEMEX, they can simply invest in a basket of meme coins as per their risk appetite.
However, please keep in mind that this isn’t investment advice. As always, we highly recommend you do your own research and consult a financial advisor if needed before making any investment decisions.
