VanEck’s MarketVector Launches Meme Coin Index to Track DOGE, WIF, SHIB, Others

Crypto Blog

MarketVector, a subsidiary of the renowned American asset management giant VanEck, has launched the MEMECOIN Index. It has shown impressive performance, surging 195% in the past year and 137% since the start of 2024.The acceptance of meme coins within the cryptocurrency community is gaining traction, notably with the introduction of the “meme coin asset class” by traditional finance .DOGE is in the lead, contributing 30.64% to index weighting, followed closely by SHIB at 28.01%. Pepe is at 14.

For institutional investors, the index offers a structured entry point into a market characterized by volatility and speculation. By providing a consolidated view of the most influential meme coins, the index mitigates the need for direct exposure to individual assets, providing a sense of security amidst uncertainty.

The MEMECOIN Index has already captured attention with its performance. Despite a minor dip, it has surged by 195% over the past year, showing explosive growth and speculative interest in this unique segment of the crypto market.

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