VanEck subsidiary MarketVector has began an index primarily based on the efficiency of the highest six meme cash. The MarketVector’s Meme Coin Index, which trades beneath the image MEMECOIN, is up 195% on a yearly foundation. For comparability, the CD20 is up 97% throughout the identical interval. MEMECOIN tracks Dogecoin, Shiba Inu, Pepe, dogwifhat, Floki Inu and BONK, which account for practically $47 billion of the whole meme coin market cap of $51 billion, based on CoinGecko. Whereas they unashamedly signify the lighter aspect of the cryptocurrency market, some commentators imagine that meme cash may proceed to indicate spectacular returns as a consequence of low charges on Solana permitting merchants to make small bets for probably giant income.
