BitMEX simply dropped a bombshell on the crypto market – they’ve launched a brand-new meme coin index.
With meme cash taking a beating just lately, might this curveball from a high trade be the shot within the arm that the market wants?
BitMEX Launches MEMEMEXTUSDT – Will It Immediate Market Rebound?
BitMEX, a significant participant within the crypto world, simply launched MEMEMEXTUSDT.
It’s a meme coin index – image the S&P500, however for tokens like Dogecoin, Shiba Inu, and Pepe.
This new index bundles standard tokens like these collectively right into a single tradable asset.
It’s a perpetual swap contract, that means traders can achieve publicity to meme cash with out juggling a number of positions.
Plus, it’s USDT-margined, simplifying issues for merchants.
BitMEX affords up to 25x leverage, which might amplify beneficial properties (or losses) for risk-tolerant traders.
Leverage works like this: It permits merchants to borrow funds to extend their buying and selling place past what they may with their very own cash.
So, with 25x leverage, a dealer might management a place price $25,000 with simply $1,000.
Naturally, that is an interesting prospect to meme coin lovers.
Since going reside yesterday, the MEMEMEXTUSDT price has dropped from $100 to $81.
This price drop displays the bearish situations out there proper now.
Crypto Knowledgeable ClayBro Highlights WienerAI as a Potential Market Winner
ClayBro, a well-liked crypto knowledgeable, just lately dropped his analysis of the BitMEX index on 99Bitcoins’ YouTube channel.
With over 700,000 subscribers, 99Bitcoins is a go-to for the newest crypto information and insights.
And ClayBro’s video has already garnered a whole lot of views.
He’s not simply hyped concerning the index itself – zooming out, he’s the way it might shake up the complete meme coin house.
Particularly, he’s spotlighting a venture known as WienerAI (WAI).
WienerAI’s not simply one other dog-themed meme coin.
As a substitute, it’s a fully-fledged crypto ecosystem providing staking rewards and a first-of-its-kind buying and selling bot.
Curiously, this bot is powered by synthetic intelligence.
WienerAI’s builders have designed the bot to streamline the crypto buying and selling course of for freshmen and market veterans.
In line with the venture’s whitepaper, traders can sort in the kind of asset they’re inquisitive about, and the bot will establish high-potential shopping for alternatives.
The bot can then execute trades on completely different DEXs with zero charges.
With options like these, WienerAI is positioned a lot in a different way than its friends within the meme coin house.
And ClayBro makes a very good level, saying that utilizing AI tech and a meme-style design might make it stand out – particularly if the entire house will get a lift after BitMEX’s index launch.
ClayBro Discusses 4 Low-Cap Gems That Might Be the Subsequent Breakout Stars
However there’s extra.
ClayBro isn’t simply speaking about meme cash on the 99Bitcoins channel – he’s bought his personal account the place he’s doling out extra scorching takes.
Recently, he’s been specializing in low-cap gems that may very well be in line for a breakout.
4 particular tokens have caught his eye: Base Dawgz, Shiba Shootout, Pepe Unchained, and PlayDoge.
Every has its personal quirk.
Base Dawgz (DAWGZ) focuses on cross-chain compatibility, with its staking protocol going reside yesterday.
Shiba Shootout’s (SHIBASHOOT) gone full cowboy, full with “Cactus Staking” and a P2E sport at present in improvement.
Then there’s Pepe Unchained (PEPU), which is leaping on the layer-2 blockchain bandwagon.
Pepe Unchained’s scaling answer guarantees low charges and sooner transactions than Ethereum.
Lastly, PlayDoge (PLAY) is all about crypto rewards and gaming.
PlayDoge, which has a retro vibe, lets customers take care of a digital pet and earn PLAY tokens as a reward.
ClayBro has mentioned all 4 of those initiatives, sharing his predictions for his or her potential development.
He thinks that these under-the-radar choices may very well be the subsequent large winners in a market like right now’s, the place sentiment can shift immediately.
So, with BitMEX’s meme index shaking issues up and new initiatives like WienerAI grabbing the eye of consultants, the meme coin market may very well be in for an thrilling few weeks forward.