BitMEX Debuts New Meme Coin Index – Catalyst for a Crypto Comeback?

BitMEX just dropped a bombshell on the crypto market – they’ve launched a brand-new meme coin index.

With meme coins taking a beating recently, could this curveball from a top exchange be the shot in the arm that the market needs?

BitMEX Launches MEMEMEXTUSDT – Will It Prompt Market Rebound?

BitMEX, a major player in the crypto world, just introduced MEMEMEXTUSDT.

It’s a meme coin index – picture the S&P500, but for tokens like Dogecoin, Shiba Inu, and Pepe.

This new index bundles popular tokens like these together into a single tradable asset.

It’s a perpetual swap contract, meaning investors can gain exposure to meme coins without juggling multiple positions.

Plus, it’s USDT-margined, simplifying things for traders.

BitMEX offers up to 25x leverage, which could magnify gains (or losses) for risk-tolerant investors.

Leverage works like this: It allows traders to borrow funds to increase their trading position beyond what they could with their own money.

So, with 25x leverage, a trader could control a position worth $25,000 with just $1,000.

Naturally, this is an appealing prospect to meme coin lovers.

Since going live yesterday, the MEMEMEXTUSDT price has dropped from $100 to $81.

This price drop reflects the bearish conditions in the market right now.

Crypto Expert ClayBro Highlights WienerAI as a Potential Market Winner

ClayBro, a popular crypto expert, recently dropped his analysis of the BitMEX index on 99Bitcoins’ YouTube channel.

With over 700,000 subscribers, 99Bitcoins is a go-to for the latest crypto news and insights.

And ClayBro’s video has already garnered hundreds of views.

He’s not just hyped about the index itself – zooming out, he’s looking at how it could shake up the entire meme coin space.

Specifically, he’s spotlighting a project called WienerAI (WAI).

WienerAI’s not just another dog-themed meme coin.

Instead, it’s a fully-fledged crypto ecosystem offering staking rewards and a first-of-its-kind trading bot.

Interestingly, this bot is powered by artificial intelligence.

WienerAI’s developers have designed the bot to streamline the crypto trading process for beginners and market veterans.

According to the project’s whitepaper, investors can type in the type of asset they’re interested in, and the bot will identify high-potential buying opportunities.

The bot can then execute trades on different DEXs with zero fees.

With features like these, WienerAI is positioned much differently than its peers in the meme coin space.

And ClayBro makes a good point, saying that using AI tech and a meme-style design could make it stand out – especially if the whole space gets a boost after BitMEX’s index launch.

ClayBro Discusses Four Low-Cap Gems That Could Be the Next Breakout Stars

But there’s more.

ClayBro isn’t just talking about meme coins on the 99Bitcoins channel – he’s got his own account where he’s dishing out more hot takes.

Lately, he’s been focusing on low-cap gems that could be in line for a breakout.

Four specific tokens have caught his eye: Base Dawgz, Shiba Shootout, Pepe Unchained, and PlayDoge.

Each has its own quirk.

Base Dawgz (DAWGZ) focuses on cross-chain compatibility, with its staking protocol going live yesterday.

Shiba Shootout’s (SHIBASHOOT) gone full cowboy, complete with “Cactus Staking” and a P2E game currently in development.

Then there’s Pepe Unchained (PEPU), which is jumping on the layer-2 blockchain bandwagon.

Pepe Unchained’s scaling solution promises low fees and faster transactions than Ethereum.

Lastly, PlayDoge (PLAY) is all about crypto rewards and gaming.

PlayDoge, which has a retro vibe, lets users care for a virtual pet and earn PLAY tokens as a reward.

ClayBro has discussed all four of these projects, sharing his predictions for their potential growth.

He thinks that these under-the-radar offerings could be the next big winners in a market like today’s, where sentiment can shift instantly.

So, with BitMEX’s meme index shaking things up and new projects like WienerAI grabbing the attention of experts, the meme coin market could be in for an exciting few weeks ahead.