Bitpanda has teamed up with MarketVector Indexes to bring you the Meme Coin Leaders Index, a new tool for crypto-wallet diversification. The index will first include popular memecoins including PEPE, FLOKI, WIF, BONK, DOGE, and SHIB.
The new Meme Coin Leaders Index is an effort by the renowned European crypto broker Bitpanda to assist investors in diversifying their cryptocurrency investments.
Essentially, the Meme Coin Leaders Index (BCI MEME) allows consumers to buy all featured cryptocurrencies with a single click, rather than having to choose each one individually.
The BCI MEME expands the extensive Bitpanda Crypto Index (BCI) and was developed with the help of MarketVector Indexes.
These six memecoins are now part of the brand new Meme Coin Leaders Index (BCI MEME) based on market capitalization. Dogecoin (DOGE), Shiba Inu (SHIB), Pepe, Dogwifhat (WIF), floki, and bunk are among them.
The index does what is known as “rebalancing” once a month to adapt the portfolio’s composition to market fluctuations.
The purpose of Bitpanda’s new Meme Coin Leaders Index is to take into account and showcase the category of humorous cryptocurrencies.
Originally introduced in 2020 as the first genuine range of cryptocurrency indexes, Bitpanda’s popular BCI series will now include the BCI Meme Coin Leaders index.
Actually, investors may get their hands on the BCI 5/10/25, which follows the 25 largest cryptocurrencies by market size, as well as specialized indexes for DeFi, Infrastructure, Smart Contracts, and Media & Entertainment.
One further way Bitpanda simplifies and safeguards cryptocurrency investments is with the BCI Meme Coin Leaders Index.
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