The Federal Government of Nigeria has unveiled the Technology Export and Digital Trade Desk, a new initiative aimed at revitalizing the nation’s technology sector by promoting exports, attracting investments, and scaling up annual funding for startups to $5 billion within three years.
The project, announced by the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, was launched in collaboration with the Federal Ministry of Industry, Trade, and Investment.
While heralded as a key milestone in boosting Nigeria’s tech ecosystem, stakeholders remain skeptical about its potential impact, citing deeper structural issues that need urgent attention.
Dr. Tijani described the launch as part of the Ministry’s broader strategy to enhance the ICT sector’s contribution to the national economy. He outlined ambitious targets, including raising the sector’s GDP contribution from 14–18% to 21% by 2026 and increasing startup funding from $1 billion to $5 billion annually.
“The Trade Desk aims to empower Nigerian technology companies to compete globally by providing bespoke support and fostering an enabling environment for innovation, entrepreneurship, and global competitiveness,” Tijani explained.
The initiative also aligns with Nigeria’s commitment to improving its standing on the Economic Complexity Index (ECI), which assesses a country’s ability to produce diverse and complex goods. Nigeria ranked 127th out of 133 countries in 2022, with a score of -1.67, underlining the urgent need to diversify its economy.
Despite the optimistic projections, industry stakeholders have expressed doubts about the effectiveness of the Trade Desk amid systemic issues stifling Nigeria’s tech sector. Many believe the initiative, while well-intentioned, falls significantly short of what is required to revitalize the sector and attract substantial investment.
Experts point to the unfriendly business environment as a key challenge. High costs of doing business, bureaucratic bottlenecks, and inadequate infrastructure remain significant deterrents to investors. Poor fiscal policies have also taken a toll, with the sector suffering from inconsistent tax regimes, foreign exchange instability, and a lack of clear incentives for startups and tech investors. Additionally, the unpredictable business climate, characterized by regulatory uncertainty and sudden policy shifts, has eroded investor confidence over time.
Nigeria’s Decline as a Startup Investment Destination
Once regarded as Africa’s leading destination for startup funding, Nigeria has lost its edge in recent years. In 2023, Kenya overtook Nigeria as the top destination for startup investment, attracting $638 million compared to Nigeria’s $400 million.
Although Nigeria’s funding in 2024 received a boost from mega deals such as Moove’s $110 million Series B round (led by Uber) and Moniepoint’s $110 million Series C round, the overall investment landscape remains bleak. Analysts attribute this decline to the same issues raised by stakeholders, emphasizing the need for comprehensive reforms to create a more conducive environment for both local and foreign investors.
The Trade Desk is part of President Bola Tinubu’s ambitious plan to transform Nigeria into a $1 trillion economy. The government aims to achieve this by fostering innovation, encouraging investment, and promoting international trade. However, stakeholders warn that without addressing the systemic challenges, such lofty goals may remain out of reach.
To truly revitalize Nigeria’s tech ecosystem, experts recommend streamlining regulations to simplify business registration and regulatory compliance, reducing barriers for startups and investors.
The government has been urged to prioritize infrastructure investment, particularly in reliable electricity, broadband connectivity, and transport networks to support tech companies. Consistent fiscal policies have also been touted, as a stable and predictable tax and foreign exchange regime would enhance investor confidence.
The Lagos State House of Assembly has impeached its Speaker, Mudashiru Obasa, following multiple allegations of financial impropriety.
The dramatic removal occurred during a plenary session on Monday, marking a significant shake-up in the leadership of one of Nigeria’s most influential state legislatures.
Obasa was removed during a plenary session where lawmakers unanimously voted for his impeachment. Following his removal, the Clerk of the House, Olalekan Onafeko, was also suspended indefinitely. Mojisola Meranda, previously the Deputy Speaker, was sworn in as the new Speaker, while Mojeed Fatai assumed the role of Deputy Speaker.
The official explanation for Obasa’s impeachment revolves around allegations of financial impropriety. Accusations of the Assembly spending N17 billion on constructing a gate and N200 million on a Thanksgiving service have dominated recent headlines, though Obasa has vehemently denied these claims.
“It is funny. How much is the allocation of the Assembly in a whole year for anyone to claim we spent N17 billion on a gate? They even alleged that we spent N200 million on the recently organized 22nd Thanksgiving service, which is untrue,” Obasa said during a plenary session.
He dismissed the allegations as politically motivated, describing them as “baseless claims” aimed at tarnishing his reputation ahead of the 2027 elections.
While fraud allegations have been central to the narrative, the sudden and unanimous decision to impeach Obasa has raised questions about whether the move was fueled by deeper political undercurrents.
Many political observers argue that Obasa’s ouster has less to do with fraud and more to do with his rumored governorship ambitions, which have allegedly unsettled key figures within the ruling All Progressives Congress (APC).
The Governorship Ambition Factor
Obasa’s ambitions to become Lagos State governor are widely believed to be the real reason behind his impeachment.
In a statement last year during a televised press briefing, Obasa hinted at his interest in the governorship, saying: “Becoming governor … is something that I have not given a serious consideration. Nevertheless, that does not mean I’m too young or lack the experience to run, whereas those who have been before me are not better off.”
This statement, while carefully worded, was interpreted by many as a declaration of his readiness to contest for Lagos State’s highest political office. The comment reportedly stirred discontent among key figures in the APC, particularly as rumors swirled that the party’s governorship ticket for 2027 might be reserved for Seyi Tinubu, the son of President Bola Ahmed Tinubu.
The speculation that Seyi Tinubu is being positioned as a potential candidate has heightened political tensions within the APC in Lagos. Obasa’s perceived ambition is believed to have placed him at odds with powerful figures in the party, who view his governorship aspirations as a challenge to the Tinubu political dynasty’s dominance in Lagos State politics.
Observers argue that Obasa’s impeachment is a calculated move to sideline him before the next election cycle. The allegations of financial impropriety, while serious, are seen by some as a convenient tool to justify his removal and weaken his political influence.
It is believed that Obasa’s comments last year were the beginning of his troubles because it made certain people uncomfortable because it suggested that he might not step aside for the candidate that the party hierarchy wants.
“If Obasa is a good student of history, specifically Lagos history, he should have known there’s no other outcome waiting for him,” Dr. Olufunmilayo wrote. “He should have read about Akinwunmi Ambode. Femi Pedro. Ikuforiji. Jokotola. Kofoworola Bucknor. He should have read or heard of them.”
“The lesson is simple: If you will go for the crown, be ruthless and make sure you don’t miss.”
A Crack in Tinubu’s APC Dynasty?
The APC has long maintained a firm grip on Lagos politics, with the Tinubu family playing a central role in the state’s political structure. However, the apparent internal strife surrounding Obasa’s impeachment underscores growing cracks within the party as competing ambitions collide.
For Obasa, his impeachment could signify the end of his governorship aspirations, at least under the APC platform. His removal has also sparked discussions about potential party infighting that may undermine the party’s political chances in 2027.
Good People, see trade surplus in China’s style: “China’s trade sector closed 2024 on a high note, with December figures showing a notable surge in both exports and imports. Exports grew 5.9 percent year on year to $3.58 trillion, according to customs data released on Monday. The Asian giant recorded an import rise of 1.1 percent to $2.59 trillion year-on-year, leading to a trade surplus of $992.2 billion.”
A depreciating yuan played a significant role by making Chinese goods cheaper and more competitive in global markets. This currency-driven advantage allowed manufacturers to find buyers overseas, compensating for subdued domestic demand. Analysts noted that exporters used this opportunity to continually reduce prices, maintaining a foothold in global markets.
China also saw increased stockpiling of key commodities like copper and iron ore in December. This aligns with its strategy of “buying low” during periods of reduced commodity prices. As the world’s largest iron ore importer, China’s shipments rose for a second consecutive year in 2024, with lower prices encouraging purchases despite lingering challenges in its real estate sector.
But get where I am focusing: China imported $2.59 trillion worth of items. So, import is not bad. What is bad is importing the wrong things. As I have noted here, Nigeria does not import a lot and we need to import more, and import the right things.
It goes beyond China. In 2022, South Korea’s total imports were $808.09 billion while Nigeria did about $60.35 billion for goods; South Korea is about 25% of Nigeria’s population. But if you check, South Korea imports were largely machinery, equipment, etc for production, while Nigeria’s were for finished goods. Also, in 2022, goods worth around $136.21 billion were imported to South Africa, with many of those industrial equipment. Check – more imports have not destroyed South Africa and South Korea’s currencies!
Good People, making Naira stronger will actually require Nigeria to import MORE, but not of course finished goods, but critical machinery and raw materials to drive a production future.
China’s trade sector closed 2024 on a high note, with December figures showing a notable surge in both exports and imports. Exports grew 5.9 percent year on year to $3.58 trillion, according to customs data released on Monday.
The Asian giant recorded an import rise of 1.1 percent to $2.59 trillion year-on-year, leading to a trade surplus of $992.2 billion.
However, the year-end momentum masks the underlying challenges the country faces as it braces for heightened trade tensions under U.S. President-elect Donald Trump.
Reuters reports that exports in December increased by 10.7% year-on-year, exceeding the 7.3% growth forecast by economists and improving from November’s 6.7%. Imports also surprised positively, growing by 1.0%, the strongest performance since July 2024, defying projections of a 1.5% decline.
The trade surplus expanded to $104.8 billion in December, up from $97.4 billion in November. This figure alone exceeds the entire GDP of many smaller countries, highlighting the sheer scale of China’s global trade dominance.
Despite these strong numbers, economists are cautioning against over-optimism. Risks of a renewed U.S.-China trade war, unresolved disputes with the European Union, and ongoing domestic challenges continue to loom over the world’s second-largest economy.
Donald Trump’s return to the White House has reignited fears of a trade war, as he has proposed imposing steep tariffs on Chinese goods. These measures could disrupt the delicate balance of global trade and undermine China’s export-driven growth model. Analysts believe this uncertainty spurred the December export surge, with many factories rushing to ship goods ahead of potential tariff increases.
“The double-digit rise in December exports, particularly to the U.S. and ASEAN, suggests some degree of front-loading as Chinese firms sought to ship goods ahead of possible tariff hikes,” said Xu Tianchen, a senior economist at the Economist Intelligence Unit.
Compounding this threat is an ongoing dispute with the European Union. Brussels has imposed tariffs of up to 45.3% on Chinese electric vehicles, a move that jeopardizes Beijing’s ambitions to expand its auto exports and address overcapacity issues in its manufacturing sector. The impact of these disputes is likely to reverberate throughout 2025, adding to the economic challenges that China must navigate.
Factors Behind the December Surge
Several underlying factors contributed to the strong performance of China’s trade sector in December, despite a year fraught with domestic and international challenges.
A depreciating yuan played a significant role by making Chinese goods cheaper and more competitive in global markets. This currency-driven advantage allowed manufacturers to find buyers overseas, compensating for subdued domestic demand. Analysts noted that exporters used this opportunity to continually reduce prices, maintaining a foothold in global markets.
China also saw increased stockpiling of key commodities like copper and iron ore in December. This aligns with its strategy of “buying low” during periods of reduced commodity prices. As the world’s largest iron ore importer, China’s shipments rose for a second consecutive year in 2024, with lower prices encouraging purchases despite lingering challenges in its real estate sector.
A record import of soybeans was another highlight, driven by buyers seeking to secure supplies ahead of Trump’s inauguration and potential trade tensions with the U.S. This precautionary buying underscores the broader impact of geopolitical uncertainties on trade patterns.
Domestic Demand Recovery Remains Tepid
While export performance has been robust, import growth of just 1.1% for the year reflects the slow recovery of domestic demand. Barclays analysts noted that the modest increase in imports, coupled with easing consumer price index (CPI) inflation, suggests that the recent uptick in domestic demand remains too shallow to drive sustained growth.
China’s property crisis has dampened consumer confidence, with ripple effects across sectors like steel and crude oil. For the first time in two decades, barring the COVID-19 pandemic years, China’s crude oil imports declined in 2024. Sluggish economic growth and peaking fuel consumption contributed to this downturn, signaling a deeper malaise in the broader economy.
Amid these challenges, there are glimmers of hope. Factory activity expanded modestly for the third consecutive month in December, and the services and construction sectors also showed signs of recovery. These improvements suggest that recent policy measures may be beginning to stabilize certain parts of the economy.
South Korea, a significant trade partner and a key indicator of China’s import demand, reported an 8.6% increase in shipments to China in December. This uptick points to resilience in demand for technology products, an essential driver of China’s industrial production.
Policy Shifts for 2025
In response to external pressures, China’s leaders have pledged to adopt more aggressive monetary and fiscal policies to stabilize growth. The government is targeting economic growth of around 5% in 2025, an ambitious goal given the headwinds of weak domestic demand and global uncertainties.
These measures include loosening monetary policy to reduce borrowing costs and stimulate investment, as well as implementing proactive fiscal measures to drive infrastructure spending and boost consumer confidence. Analysts believe that the ability to balance these efforts against external challenges will be critical to China’s economic trajectory in the year ahead.
With the Bitcoin price still trapped below the $95k mark, investors are now devising multiple strategies to navigate the turbulent market and strategically position themselves for substantial returns in the next bull run.
One such strategy is investing in altcoins, with the belief that the upcoming bull cycle could belong to assets in that category.
CryptoQuant contributor Burakkesmeci, in a January 11 market report, highlighted the consistent growth in the altcoin market category since May 2024 as Binance’s altcoin dominance hits 78% – a feat that experts feel could trigger a prolonged altcoin bull run this year.
However, as the spotlight gradually shifts from Bitcoin and shines on altcoins, investors are finding more opportunities in new cryptocurrency coins, especially the ones demonstrating high-growth potential.
With this in mind, this article highlights the best new cryptocurrency to buy ahead of the imminent altcoin season.
Best New Cryptocurrency To Buy Now – Top 6 List
Here are the top 6 new cryptocurrency coins that analysts believe could be the next 100x gem as the next altcoin season draws closer:
Wall Street Pepe (WEPE)
First on the list of new cryptocurrency coins poised for prolonged growth in the upcoming bull cycle is Wall Street Pepe – a Pepe-themed meme coin that has been causing waves since making its presale debut.
At the core of this new project is its unique blend of Pepe aesthetics along with the ruthless trading style of the Wolf of Wall Street, igniting a strong movement capable of defeating the corrupt whales and democratizing the meme coin trading market.
Since the success of all meme coins mostly depends on the quirkiness of their themes, Wall Street Pepe has come up with a relatable yet thrilling lore where Pepe takes the character of a Wall Street investor, dressed in office attire and leading the concerted effort to relegate the whales and foster a community that thrives on collective wins.
Basically, Wall Street Pepe’s major goal is to empower the next generation of wealthy traders, giving them everything they need to crush the volatile yet lucrative meme coin market.
Big-brain market insights on the best meme coin picks will be shared, actionable trading signals will be generated, and exclusive alpha calls will be provided. With this, WEPE levels the playing field, ensuring that even small traders can benefit from the explosive opportunities enveloped in the market.
Moreover, an insider group – similar to the ones used by whales – will be provided so that community members can brainstorm together and share quality ideas on how to move the market. Trading competitions will also be organized every week and participants will receive free WEPE tokens for submitting their successful trades.
The next impressive aspect of Wall Street Pepe is its staking facility, which is currently offering a reward rate of just under 30% per annum. Also, setting itself apart from competitors, Wall Street Pepe has received full audits from both Coinsult and SolidProof, further reinforcing its credibility among potential investors.
That, alongside other attractive features of the project, has been fueling its demand, allowing it to gather over $47 million from early investors. With the presale stages selling out quickly, prominent crypto YouTubers are eyeing a 10x start for WEPE.
Those yet to grab their hands on the high-potential frog token can still join the presale, with one $WEPE selling for a discounted price of $0.00036646.
For more information, follow WEPE on X or join its Telegram channel.
Solaxy is fast becoming a hot topic within the Solana community and the broader crypto town, despite launching a few weeks ago. This is no surprise, considering its market position as the first-ever Layer-2 blockchain on Solana, making it a beta bet on SOL.
Among all blockchain ecosystems, Solana is already a leading name, having successfully earned the attention of many developers and investors with its industry-leading technical solutions, low cost, and high scalability. However, despite being branded as the “Ethereum killer,” Solana still faces challenges that are quite similar to the ones ravaging the former.
In fact, during the last meme coin supercycle, data shows that nearly 75% of SOL transactions were failing at one point due to extreme congestion. Solaxy aims to reduce the workload on Solana and amplify its strength to improve the overall experience of users.
Thanks to its roll-up technology, Solaxy is strategically positioned to address the main pain points of Solana – scalability limitations, constant downtime, and network congestion ahead of the next peak cycle. It will bundle transactions into batches, process them off-chain before returning them to the Solana mainnet for confirmation.
In essence, Solaxy aims to completely redefine the blockchain performance of Solana and streamline transaction processing without sacrificing its maximum decentralization and security posture.
Broadening its appeal, Solaxy has a multichain functionality, which allows it to integrate Ethereum and tap into the strengths of two of the most popular blockchains in the world. In fact, by serving as a bridge between Solana and Ethereum, Solaxy guarantees the free flow of assets across the two chains.
More so, like Wall Street Pepe, Solaxy has been audited by Coinsult and SolidProof, adding a trust factor to the project.
Right after buying $SOLX, users can stake their tokens via the project’s staking pool, which currently offers an annual yield above 340%, to compound their gains.
Solaxy’s presale is selling even quicker than expected and has already surpassed the $10 million mark, strengthening its position as one of the most in-demand ICOs of 2025.
As the presale gathers more buzz, SOLX is poised to deliver explosive 50x gains to early birds, making it one of the new cryptocurrency coins to watch closely this year.
To stay updated with project developments and presale milestones, follow Solaxy on X or join its Telegram channel.
For those looking to diversify into new cryptos offering a combination of utilities and high-rewarding perks, $BEST is worth considering. It is the core currency of Best Wallet – a reputable non-custodial crypto wallet solution that’s popular for its game-changing features and tools.
Best Wallet stands out as an ideal wallet, especially among those who prioritize their privacy above every other thing. The wallet delivers the true promise of decentralization, integrating the latest technologies to help crypto enthusiasts store, grow, and maximize their assets securely without the influence of a third party.
More so, through its robust yet simple-to-use Web3 app, Best Wallet provides access to more than 60 different blockchains, making it possible for users to seamlessly explore thousands of crypto assets and a huge array of decentralized applications.
It has also integrated reliable third-party service providers so that users can engage in crypto-to-fiat and crypto-to-crypto transactions without leaving the app.
Those with large and diverse portfolios also find Best Wallet attractive due to its multi-wallet functionality which supports the creation of both main and sub-wallets in a single spot, making it easy for them to manage their scattered assets.
One major aspect of Best Wallet that has received enormous attention is the “Upcoming Tokens” tool, tailored to meet the needs of those hunting for new cryptocurrency with strong growth potential.
The innovative feature is equipped with a portfolio facility where investors can manage their new tokens and amplify their gains – all within the Best Wallet app.
Being the token powering the wallet, holding $BEST guarantees even more access to these new launches. Likewise, it will unlock other special holder benefits such as higher staking rewards, governance rights, airdrop perks, and reduced transaction fees.
The combination of these high-rewarding perks elevates the position of $BEST as one of the best picks for those scouting for new cryptos this year.
Having gathered upwards of $7 million in its presale, famous crypto influencers are backing $BEST to capitalize on the growing adoption of its wallet solution to record impressive growth in 2025.
Those willing to get in on the ground floor can take part using major cryptos like ETH and USDT or credit/debit cards.
To keep up with latest developments within the ecosystem, follow Best Wallet on X or join its Telegram channel.
Flockerz is yet another brand-new crypto that has positioned itself on the watchlist of investors seeking massive returns in the eagerly-anticipated altcoin season.
Renowned as the people’s meme coin – a title once given to Dogecoin by Elon Musk – Flockerz’s major appeal lies in its full decentralization agenda, powered by its groundbreaking VTE Flocktopia solution.
The project wants to bring the true ethos of democracy into the meme coin space, allowing all active community members to enjoy equal participation in activities that could shape its future trajectory.
Taking a flock of hens as its theme, Flockerz presents a narrative of one King Birb – a fictional ruler who once held centralized control over the flock. The kingdom began to collapse as the monarchical approach favored only a few and jettisoned the common interest of the majority.
To bring back prosperity into the kingdom, King Birb took a bold step to relinquish his powers to the flock, transforming from a monarchy to a democracy. The flock of hens, showcased in this narrative, represents active members of the community whose contributions are vital to the future success of the project.
Flockerz’s groundbreaking DAO system puts the powers in their hands, allowing them to decide crucial aspects of the project including future listing events, partnerships, integrations, use cases, and other developments that could fuel its long-term growth.
Token holders will be incentivized based on their participation in this community-driven initiative. This strategic approach helps strengthen the relationship between the project and the community, which could ultimately lay the groundwork for its future success.
Also, aligning with other top active presales, Flockerz has a standard staking mechanism, providing a reliable avenue for early buyers to earn tangible annual percentage yields. At press time, not less than 640 million FLOCK has been staked as investors rush to take advantage of this passive income opportunity.
All the aforementioned factors make FLOCK an exciting meme coin investment opportunity, bolstering its demand even as it gears up for its eagerly awaited DEX debut. With notable personalities like Binance co-founder voicing their displeasure against centralized meme coins, FLOCK could be an instant success as soon as it arrives on IEO.
The presale is scheduled to come to a close in the next 9 days. As such, there’s only a short time left for interested investors to gain early exposure to the token.
With the presale now nearing the $10 million mark, the buzz around FLOCK is real and may not be slowing down anytime soon.
To stay updated with future developments, follow Flockerz on X or join its Telegram channel.
Coming next on the list of the best new cryptocurrency to buy now is Catslap – a cat-themed meme coin that has been hitting the ground running since its direct-to-DEX launch in November.
Thanks to its interactive website and thrilling slap-to-earn clicker game, Catslap has generated heavy buzz, especially on social media. The project’s unique gameplay, which allows users to slap popular memes and personalities, has attracted quite a big following on Twitter.
In fact, just recently, Catslap hosted the season 1 of its slap-to-earn competition, where the top ten participants won $10,000 SLAP tokens each. The project has also promised to reward other participants in the contest based on their positions on the leaderboard.
With more exciting contests still on the horizon, the community’s excitement about Catslap keeps growing, further highlighting its potential as a new cryptocurrency that investors must keep an eye on.
Also, distinguishing itself from other cat-themed meme coins, Catslap has an automated buyback mechanism, activated every 20 minutes. At the time of writing, more than 340 million SLAP tokens, valued at over $1 million, have been purchased using this initiative.
There is also a burn system tied to Catslap’s slapometer – a mechanism that indicates the number of slaps given by users in real-time. As the count increases, more $SLAP tokens will be burned. This initiative alongside its automated buyback feature helps boost the liquidity and market value of the token and create a favorable environment for long-term growth.
Meanwhile, Catslap’s staking facility is in full swing, offering a fixed 40% annual percentage yield to investors. As the project continues to evolve, experts believe its deflationary model, staking rewards, and gamified system make it a strong contender for 50x gains.
The project has already undergone audits by SolidProof and Coinsult, easing any concerns about its legitimacy. More so, while it started on DEX, Catslap has finally secured its first major CEX listing through MEXC – a feat that further amplifies its status as a reliable investment option.
In terms of performance, Catslap is still up by more than 2000% from its launch price. While it is currently trading in the red on the daily charts due to broader market conditions, the sentiment around the token is positive, making it one of the best opportunities in the meme coin market segment.
Those interested in purchasing SLAP tokens can visit MEXC.
For more information, follow Catslap on X or join its Telegram channel.
Meme Index, the world’s first provider of decentralized meme coin indices, has been generating immense excitement since announcing its presale. According to its whitepaper, the major focus of this project is to bring a structured and a more streamlined approach to trading meme coins.
It will offer four separate indices, tailored to different risk levels. They include Titan Index, Moonshot Index, Midcap Index, and Frenzy Index. The Titan Index offers the most stability as it features the most successful meme coins in the crypto market such as DOGE, SHIB, and PEPE, and others above the $1 billion market valuation.
The Moonshot Index, on the other hand, focuses solely on meme tokens that are slightly below the $1 billion milestone and are on the verge of securing top-tier CEX listings. Assets that are covered in this category have shown the potential to compete for the top meme rankings and surge to the Titan level.
Next is the Midcap Index, which is where things start to get more volatile. It features meme coins that are within $50 million to $250 million market cap. These assets are capable of recording explosive growth within a short timeframe and can also lose their value as fast as possible.
Finally, there is the Frenzy Index, suitable for true degens who enjoy diving into the highest risks. Tokens that fall into this category are yet to gain ground but have the potential to reach incredible heights. They can also disappear suddenly, making this basket a high-risk, high-reward option for participants.
Unlike the indices offered by the likes of VanEck, the community will be able to vote on which meme coins can be added or removed, keeping each basket dynamic and in line with market trends.
MEMEX, the native token powering the ecosystem, will grant access to each of these baskets. Meanwhile, to generate potential yields, those buying $MEMEX during its ongoing presale can stake their tokens in Meme Index’s built-in staking facility.
The token, which is currently in high demand, has been identified by experts as investors’ best bet to crush the volatile yet thrilling meme coin market.
For those interested, $MEMEX is currently selling for a low price of $0.0151636.
To keep up with project developments, follow Meme Index on X and Telegram.
While the first few days of the new year have been bearish for the crypto market, investors’ sentiment still remains strong as they anticipate a prolonged bull market.
In this article, we analyzed the top six new cryptocurrency launches that could see substantial growth when the bull run eventually arrives.
