Bitpanda has effectively streamlined the crypto investment process. The primary objective was to do the same for meme coins, and Bitpanda has done that via the Meme Coin Leaders Index. By evaluating the market capitalization of the six most prominent meme coins, the principal aim is to assist investors in making an informed decision. As a result, Bitpanda has eliminated the need to conduct research or look for top coins, which would otherwise take a lot of time.
An alternative objective is to foster diversification in the meme coin portfolio. The Bitpanda Crypto Index takes into account six meme coins and provides exposure to traders by removing the burden of looking at every token. At press time, the top six meme coins in terms of market cap are DOGE, SHIB, PEPE, WIF, FLOKI, and BONK. Needless to say, the bucket of six meme coins is time-sensitive and subject to change when their market cap values move up or down.
Bitpanda Crypto Index further helps traders review the top 5, 10, and 25 cryptocurrencies. This includes Bitcoin (BTC) and every other altcoin that qualifies based on market capitalization. The functionality extends to enabling traders to explore more segments of the market: infrastructure, DeFi, Smart Contracts, and Media and entertainment.
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The benefits of the Bitpanda Crypto Index include the seamless building of a balanced crypto portfolio, effortless management for every trader, irrespective of their background or expertise, and exposure to potential growth.
Founded in 2014, Bitpanda is currently headquartered in Vienna, with operations supported across the globe, subject to relevant laws and regulations. Bitpanda is an appealing option due to its attributes, including its user-friendly interface, robust privacy and security protocols, and a well-established reputation derived from catering to more than 1.2 million clients. More details about Bitpanda can be read in our Bitpanda review. The review sheds light on the registration process for the platform.
Dogecoin ($DOGE), with a market cap of more than $21.59 billion, leads the chart of the top six meme coins. It is followed by Shiba Inu ($SHIB), with a market cap of $13.77 billion. Interestingly, all six meme coins have a market cap of over a billion US dollars. Furthermore, the meme coin segment’s collective market cap has surged by 9.08%, reaching $52.64 billion at the moment. The trading volume is also up by 175.9%.
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In other words, the meme coin segment of the crypto market is gaining traction, and the launch of the Bitpanda Crypto Index has come at the right time. The crypto market moves fast amid volatility, and quick decision-making is the key. In such instances, a tool like the Bitpanda Index can be useful, especially since it puts all the best tokens on the table, eliminating the need to search the market.
