2024-11-21 14:04 |
While tokens like Peanut the Squirrel (PNUT) and Dogs (DOGS) experience significant drops in value, attention is turning toward Vantard, a Meme Index Fund offering exposure to meme coins through its Vantard Meme Portfolio (VMP).
Vantard’s presale has raised over $861,000, drawing interest from investors looking to ride the upcoming “memecoin supercycle.”
The Meme Coin Market Struggles as PNUT and DOGS TumbleThe meme coin market, once considered speculative and volatile, is facing a rollercoaster of price movements.
Over the past week, two prominent meme coins—Peanut the Squirrel (PNUT) and Dogs (DOGS)—have seen their values take a significant hit.
PNUT, which had recently surged past a $2 billion market cap, has dropped by 30%, bringing its price down to $1.36.
The coin had previously been on a high, but its recent 7-day decline of 35.7% shows the unpredictable nature of meme coin trading.
Despite these losses, there are signals that PNUT could recover.
The coin’s Weighted Sentiment, which measures market perception, has fallen to a historic low of 0.12, signalling that negative sentiment might fuel a potential “hated rally.”
This extreme negativity could trigger a PNUT price rebound, with analysts predicting a possible short-term rally toward $1.64 or even $1.94, depending on market conditions.
DOGS, another meme coin, has also experienced a price decline, down 10.2% in the past 24 hours to $0.000605.
While DOGS’ price has managed a 7-day increase of 12%, it remains subject to short-term fluctuations, and its 30-day decline of 16.4% shows that meme coins can be highly sensitive to market sentiment and trading pressure.
Despite these setbacks, the demand for meme coins remains strong as investors continue to search for the next big opportunity in the space.
In light of the recent downturns of PNUT and DOGS, investors are increasingly looking for safer, more structured ways to gain exposure to meme coins.
This shift in focus is what has led many to consider Vantard as a viable option for those wanting to capitalize on the meme coin market without dealing with the mental overhead of active trading.
Traders tapping into Vantard to take advantage of the memecoin”Supercycle”As the recently trending memecoins PNUT and DOGS take a hit, attention has shifted to Vantard, the first-ever meme coin index fund designed to help investors ride the “memecoin supercycle.”
Vantard offers a bespoke portfolio called the Vantard Meme Portfolio (VMP), which is comprised of the top meme coins of the current cycle.
VTARD token holders can redeem their tokens for proportional shares of the underlying assets in the portfolio.
This allows Vantard to offer exposure to meme coins in a hands-off, low-touch investment vehicle.
With meme coins poised to dominate the crypto market, Vantard aims to capitalize on the ongoing trends.
Year-to-date, meme coins have outperformed every other crypto sector, and with global liquidity trending upward and rate cuts on the horizon, the market is primed for further growth.
Meme coins, unlike other altcoins, thrive on attention and speculative trading, making them an attractive option for investors looking to capture high returns in a high-risk, high-reward environment.
Vantard provides an easy-access, index-style vehicle for investors seeking exposure to meme coins without the stress of active trading.
With its simple yet effective structure, Vantard removes the complexity of choosing individual meme coins and offers the potential for outsized returns as the “memecoin supercycle” accelerates.
For those who may be sceptical of the volatility of coins like PNUT and DOGS, Vantard offers an opportunity to participate in the meme coin market with a more diversified and less hands-on approach through the ongoing VTARD token presale.
The VTARD token is currently going for $0.00015, with the price expected to rise to $0.00016 in the next presale stage as the presale progresses in its planned stages that will see the price culminate at $0.00019.
While meme coins like PNUT and DOGS are experiencing growing pains, Vantard offers a structured and potentially more stable alternative for those looking to capitalize on the meme coin trend.
As the “memecoin supercycle” continues to unfold, Vantard’s presale offers investors an opportunity to get in early and make the most of this market opportunity.
The post Attention shifts to this Meme Index Fund token presale as PNUT and DOGS tumble appeared first on Invezz
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