Bitcoin slipped below the $95,000 mark on Thursday, marking a 10% drop in the past three days from a record high of $102,760. The coin appears to be based around the $91,150 mark – Bitcoin has not closed below this mark since November 15th. This raises the question of whether golden time to collect Bitcoinespecially for investors looking for a new entry?
In addition to favorable price action conditions (such as the Gold Cross), the SOPR (Consumption Yield Profit Ratio) has also dropped below 1 and is now at 0.987. This shows that short-term investors have been selling Bitcoin at a loss. Simply put, this means that Bitcoin is now available at a discount. Historically too, when the SOPR falls below 1, an increase in price is followed.
pay attention: SOPR measures the ratio between the value of Bitcoin when they were sold and the value when they were bought. A sell price lower than the buy price gives a value less than 1.
Often, because short-term investors experience pain, it leads to better accumulation opportunities, which is just the case with Bitcoin right now. If the prices stretch further down, smart investors will try to take advantage of lower purchase prices.
So, if you want to buy Bitcoin, now might be the right time. However, if you want to play it safe and not put all your eggs in one basket, we have something interesting for you – Meme Index ($MEMEX).
Why choose $MEMEX?
Meme Index is one of the the best meme coins on the market 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 in a basket of coins (indices).
Yes, you wouldn't be wrong if you thought it was a mutual fund-like currency scheme.
Meme Index offers four indexes depending on the level of risk you are willing to take:
- Titan meme: This basket includes established meme coins, most of which have a market cap greater than $1B, such as $PEPE, $DOGE, and $SHIB. This index is ideal for investors who want to play it safe.
- Moon: This includes meme coins that have the potential to break into the top 10. Many of them are already listed on level 1 exchanges or are in the process of being will be listed soon.
- Midcap: This basket includes meme coins with a market cap between $50-250M. Buy this index if you are willing to take some risk as the coins are volatile.
- Frenzy Meme: 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 access thanks to the $ MEMEX pre-salewho is alive now. However, please note that the prices will increase in the next 21 hours and then at all stages of the following presale.
$MEMEX has already raised $2.2 M and has a strong community following it 19K followers on X.
Active community members can vote on critical topics and suggestions and move the project forward. This community-led approach ensures that the investors will ultimately decide the future of the project.
Overall, $MEMEX is a one-of-a-kind basket-based investment that reduces your overall portfolio risk through diversification. It is, therefore, also ideal for new investors who often find it difficult to find great meme coins to invest in. $ MEMEXthey can simply invest in a basket of meme coins according to their risk appetite.
However, keep in mind that this is not investment advice. As always, we strongly recommend that you do your own research and consult a financial advisor if necessary before making any investment decisions.
