Meme coin merchants are buzzing concerning the bullish situations – and few cash are doing higher than SPX6900 (SPX).
The S&P 500 parody token is up 23% since yesterday because the broader market rebounds.
And with sentiment flipping optimistic, some are questioning if Meme Index (MEMEX) could possibly be the following meme coin to pump.
SPX6900 Value Surges From March Low as Meme Coin Momentum Returns
SPX6900 is again on merchants’ radars this week.
Created as a tongue-in-cheek tackle the S&P 500, SPX leans into Wall Avenue satire and crypto rise up, turning phrases like “Flip the S&P 500” into rallying cries for its group.
And after weathering an enormous sell-off all through February, issues are lastly wanting up for SPX.
The token is now buying and selling at $0.641, its highest degree in three weeks.
This surge represents a 155% acquire for the reason that token bottomed out at $0.252 on March 11 – outpacing rival meme cash like FARTCOIN and WIF.
Spot buying and selling volumes have additionally greater than doubled to $40 million, making it extra energetic than many established names.
Solely the NPC meme coin has outperformed SPX within the final 24 hours.
Though SPX6900 continues to be 64% beneath its January all-time excessive, momentum is constructing, hinting that the coin may be gearing up for one more explosive rally.
Why Is SPX Token Hovering? Technical Breakout and Market Tailwinds Gasoline Rally
What’s driving the SPX6900 rally?
There’s no single headline or information occasion tied on to the coin – however zoom out a bit, and the image turns into clearer.
First off, SPX’s technicals look strong.
SPX lately broke above a key resistance degree at $0.52 and has been posting a basic sample of upper highs and better lows on the 4-hour chart.
It’s now testing resistance round $0.63; if that turns into help, the outlook might develop into much more bullish.
Nonetheless, SPX’s optimistic value motion isn’t an remoted occasion.
The broader crypto market is rebounding, with Bitcoin reclaiming $87,000 and meme cash like DOGE, PEPE, and BONK all posting features.
A part of that bounce appears tied to calming macro uncertainties.
Fears over Trump’s tariffs have cooled, and the Fed has signaled it nonetheless plans to chop charges twice this yr.
That’s the form of backdrop that tends to favor risk-on property like meme cash.
This favorable setting helps clarify why SPX6900, together with most different cryptos, is within the inexperienced at the moment.
Is Meme Index Subsequent to Pump After SPX? MEMEX Token Presale Passes $4M Earlier than First DEX Itemizing
With meme cash heating up once more, some merchants are wanting previous the likes of SPX and asking: what’s subsequent?
That’s the place Meme Index comes into play – a venture that’s constructed severe hype by providing real utility.
As a substitute of betting every part on one meme coin that might soar (or crash), Meme Index exposes customers to baskets of meme cash grouped by danger degree.
They’re like meme-style variations of conventional ETFs.
Whether or not you need the soundness of DOGE and SHIB or the chaos of low-cap tokens, Meme Index has an choice for everybody.
However it’s not simply the idea that’s drawing consideration – it’s the timing, too.
With the meme coin market rallying and SPX6900 proving there’s nonetheless an enormous urge for food for “riskier” performs, the situations look strong for Meme Index to realize momentum post-launch.
The venture’s presale has already raised over $4 million, and with excessive staking rewards, early traders are producing passive revenue within the remaining week earlier than MEMEX goes dwell on exchanges.
Influencer Crypto Nautic referred to as it the “one meme coin to rule all of them.”
None of Meme Index’s hype comes on the expense of safety since blockchain safety corporations Coinsult and SolidProof have audited the MEMEX token.
And MEMEX has even secured a spot in CoinSniper’s rankings.
Finally, whereas SPX6900 is getting all the eye proper now, Meme Index may be positioning itself as the following massive factor.
Go to Meme Index Presale
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