Chain News Daily Official TheBitTimes.com

The Meme Index ($MEMEX) presale has surged past $2.7 million as the project celebrates the one-month anniversary of its fundraising campaign. Crypto’s breakout sector of 2024, meme coins, is making headway to notch another bullish year, with the collective value of all tokens hitting $107 billion as of Wednesday. Respected meme coin advocate Murad Mahmudov even listed his picks for the tokens that will go “ballistic” in 2025, as he anticipates further growth for the sector this year. Thanks to Murad’s picks, the community has begun wondering whether an index has already been created for the industry’s most memetic assets, and the truth is, yes – it’s relatively nascent. Meme Index has developed four baskets of meme coins with varying degrees of risk for investors to choose from. Users have the option to create their own index and include all of Murad’s picks by holding the project’s native token, ...

The crypto fear and greed index has pulled back in the past few weeks. This happened as Bitcoin and other altcoins moved sideways. BitBot has continued to do well in the past few months. The crypto fear and greed index continued to retreat this week after a major warning from Jerome Powell and Raphael Bostic. In separate statements, the two Fed officials warned that inflation remained stubbornly high and that they would not cut interest rates any time soon.  These statements led to a sense of fear in the financial market.  Bitcoin retreated to $42,000 while the total valuation of all digital coins plunged to $1.7 trillion, according to data by CoinGecko. Other popular coins like EOS, IOTA, and Decentraland also continued falling.  Meanwhile, the crypto fear and greed index moved from the extreme greed zone of 78 to the neutral point of 50. This is a sign that investors are no longer greedy. The same trend is happening in the stock ...