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VanEck’s MarketVector Launches Meme Coin Index
VanEck’s MarketVector introduced the Meme Coin Index, a benchmark that tracks the six largest meme coins by market capitalization.
The index, which caps individual currency weightings at 30% to maintain diversification, is reviewed monthly to stay up to date. This limit ensures that no single currency disproportionately influences the index. O MEMECOIN Index is a tool for institutional and retail investors, offering insights into a volatile and emerging market.
For institutional investors, the tool provides a structured entry point into the unpredictable meme coin Marketplace. The index offers a consolidated view of your most influential assets and reduces the need for direct exposure to individual currencies. On the other hand, retail investors can use the index to understand the relative performance and market share of their favorite currencies.
“If memes are the new alpha, this new index from MarketVector could capture the zeitgeist of the crypto space in a way no other benchmark can,” Matthew Sigel, head of digital asset research at VanEck, told crypto.news. “We look forward to seeing what others build on this.”
Credit: VanEck
Dogecoin (DOGE) currently leads the index with 30.77%, highlighting its consolidated presence, followed closely by Shiba Inu (SHIB) by 28.34%. Newcomers Pepe (PEPE) by 14.51%, Dogwifhat (WIF) by 12.54%, Floki Inu (FLOKI) by 7.14%, and BONADO in 6.7% they complete the remaining weights.
Despite a recent small dip, the meme coin index has risen more than 202% in the past year, providing a window into the explosive growth and speculative interest in this unique segment of the market. crypto market.