MCI 420 Index
Redefining the Memecoin Market Landscape
In a rapidly growing and dynamic cryptocurrency environment, memecoins have emerged as a significant category, driven by their community-oriented nature and their ability to capture cultural and social trends. However, tracking the performance of these tokens has been challenging due to their volatile and diverse nature. To address this, the MemeCoin Index 420 (MCI420) has been created, serving as a benchmark to represent the overall state of the memecoin market.
MCI420 is a pioneering index, designed to function similarly to the traditional S&P 500, but exclusively for memecoins. It aggregates the market performance of the 420 leading memecoins, providing a clear and simplified representation of their collective value.
Last updated