BTC Nears $95,000 Indicating a Ripe Buying Period: How $MEMEX Can Help Diversify Risk
January 11 2025 - 6:34AM
NEWSBTC
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: 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.
SHIBA INU (COIN:SHIBUSD)
Historical Stock Chart
From Dec 2024 to Jan 2025
SHIBA INU (COIN:SHIBUSD)
Historical Stock Chart
From Jan 2024 to Jan 2025