{"id":20085,"date":"2024-05-09T17:30:45","date_gmt":"2024-05-09T17:30:45","guid":{"rendered":"https:\/\/coinengineer.io\/?p=20085"},"modified":"2024-05-09T17:06:07","modified_gmt":"2024-05-09T17:06:07","slug":"marketvector-launches-new-memecoin-index","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/marketvector-launches-new-memecoin-index\/","title":{"rendered":"MarketVector Launches New Memecoin Index"},"content":{"rendered":"<p>VanEck&#8217;s MarketVector has entered the <a href=\"https:\/\/coinengineer.net\/blog\/memecoin-mania-dogwifhat-bonk-kangamoon-rise\/\">memecoin<\/a> space with the launch of its new meme coin index, which has seen remarkable growth, up 195% last year. Traded under the symbol MEMECOIN, the index includes the six most prominent meme tokens, including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), dogwifhat (WIF), Floki Inu (FLOKI) and BONK.<\/p>\n<p>MarketVector&#8217;s MEMECOIN index reflects the growing popularity and market cap of meme coins, which currently stands at $51 billion, according to CoinGecko, with the index tracking $44.67 billion of that total. Meme coins in particular have gained traction due to low transaction fees on platforms like Solana, allowing users to earn potentially significant returns on small investments.<\/p>\n<p>The <a href=\"https:\/\/coinengineer.net\/blog\/memecoin-investors-worried-they-fell-the-most\/\">memecoin<\/a> craze even gave rise to a new token category known as PoliFi, with its market cap rising to $586 million due to increased political activity. Notable performers in this category include BODEN, which rose 16% following comments made by former President Donald Trump at a campaign event. Additionally, Trump-themed tokens such as MAGA and TREMP saw notable gains of 28% and 142%, respectively.<\/p>\n<p>As meme coins continue to attract investor attention and market share, MarketVector&#8217;s MEMECOIN index offers investors a comprehensive snapshot of this emerging sector that reflects the evolving dynamics in the crypto market landscape.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>VanEck&#8217;s MarketVector has entered the memecoin space with the launch of its new meme coin index, which has seen remarkable growth, up 195% last year. Traded under the symbol MEMECOIN, the index includes the six most prominent meme tokens, including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), dogwifhat (WIF), Floki Inu (FLOKI) and BONK. MarketVector&#8217;s<\/p>\n","protected":false},"author":6,"featured_media":16750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[5986,5987,1332],"class_list":["post-20085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-marketvector-memecoin","tag-marketvector-memecoin-index","tag-memecoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MarketVector Launches New Memecoin Index - Coin Engineer<\/title>\n<meta name=\"description\" content=\"VanEck&#039;s MarketVector has entered the memecoin space with the launch of its new meme coin index, which has seen remarkable growth, up 195% last year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/marketvector-launches-new-memecoin-index\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MarketVector Launches New Memecoin Index - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"VanEck&#039;s MarketVector has entered the memecoin space with the launch of its new meme coin index, which has seen remarkable growth, up 195% last year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/marketvector-launches-new-memecoin-index\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-09T17:30:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-09T17:06:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Memecoins.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/marketvector-launches-new-memecoin-index\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/marketvector-launches-new-memecoin-index\/\",\"name\":\"MarketVector Launches New Memecoin Index - 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