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, ...

A Donald Trump victory in the upcoming US presidential election could bring “regulatory sanity” to the crypto market, potentially leading to “a prolonged bear market” for meme coins. That’s according to Columbia Business School finance professor Omid Malekan, who argued in an Oct. 26 post on X that clearer regulations under a Trump-led administration might be bad news for meme coins. “Regulatory sanity in America is bad for meme coins because it refocuses crypto on DApps and other things that actually matter,” Malekan said in an Oct. 26 post  on X. Meme Coins Are Just A Reaction To An “Oppressive SEC Regime” Malekan argued that a “Republican sweep” could be followed by a revival of initial coin offerings (ICOs), as well as fully open token airdrops and “other kings of token sanity.”  According to the professor, the only reason venture capital-backed meme coins did well was because of the press...