TL;DR

Bitcoin has been performing well since the start of the year, and investors continue to accumulate the cryptocurrency. Data tracked by Glassnode and André Dragosch, director and head of research for Europe at Bitwise, revealed that the number of whales owning at least 1,000 BTC jumped to 1,678 early this week, reaching the highest since January 2021.

The increasing number of Bitcoin whales suggests a growing confidence in Bitcoin’s price prospects. Bitcoin’s price has increased by over 50% year-to-date, outperforming other major assets. 

While major cryptocurrencies like Bitcoin, Ethereum, and Solana dominate the headlines, new projects are emerging to change investors’ views of the cryptocurrency market.

This week, the project that grabbed most of the attention is Vantard, the first meme coin index in the world. Vantard’s (VTARD) launch comes at a unique period as meme coins continue to grab more market share in the crypto ecosystem.

According to their whitepaper, VTARD holders can redeem tokens against the Treasury for their proportional percentage of the underlying assets. The team explained that Vantard will hold a portfolio of top Solana-based meme coins. 

By launching a meme coin index, Vantard is offering investors the opportunity to broaden their portfolio. Meme coins have become particularly interesting in the crypto space as they trade on attention and launch with fully circulating supplies, allowing fair and open market price discovery. 

Vantard wants to make it easier for investors to take advantage of the ‘Memecoin Supercycle’ by delivering exciting new projects to their portfolios. The YTD (year-to-date) performance of meme coins has outshone every other crypto sector and could surge higher in the coming months. Simply put, Vantard is the layman’s tool for making money in the meme coin supercycle. 

Read more about the Vantard project here. 

Vantard should be among the first projects investors consider when investing in cryptocurrencies. Year-to-date, meme coins have outperformed other aspects of the crypto space, including RWAs, Layer-2s, and EVMs. 

Meme coins have a combined market cap of over $40 billion, which is expected to increase in the coming months and years. However, with thousands of meme coins now available, the challenge for investors is finding the ideal ones to invest in.

This is where Vantard comes in. With Vantard, investors don’t have to worry about finding the best meme coins to invest in. Vantard does this on their behalf, choosing the best Solana-based meme coins to add to their portfolios. Vantard exposes investors to the upside in a light-touch investment vehicle. Vantard lets users ‘Ride the Memecoin Supercycle.’

Meme coins like WIF and Popcat have outperformed other major cryptocurrencies and assets since the start of the year. Vantard is expected to outperform other major indices in the broader financial markets in the coming months and years, thanks to its high meme coin exposure. 

Investors are already taking notice of Vantard as its pre-seed round sold out within hours of its launch. The team is now preparing for the seed round, which will commence in less than two hours.  

The huge interest in Vantard is due to its prospect. As the first meme coin index, Vantard will allow investors to gain exposure to the leading meme coins in the crypto space without the risk of being scammed or rug-pulled.

The team is yet to release the selling price of $VTARD in the seed stage but will do so in a few hours once it goes live.  

The $VTARD token could be one of the top tokens in the crypto space thanks to its unique value proposition. The Vantard token trades as a reflection of the NAV (Net Asset Value) of the Treasury and can be redeemed for the assets held in it.

Investors are already leveraging this project. As the first meme coin index, Vantard could gain massive adoption, and the price of $VTARD could soar.

The post Number of Bitcoin whales surge higher, investors target Vantard appeared first on CoinJournal.

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