Will Kai Cat ($KAI) Be Next To Join VanEck’s Meme Coin Index

VanEck, the New York-based mutual fund and ETF manager with $85 billion USD in assets under management, just launched the MarketVector Meme Coin Index– tracking the top six meme coins by market capitalization.

That’s more fantastic news out of Wall Street for the crypto markets and the $50 billion meme coin market in particular. That’s why new meme currencies like Kai Cat on Ethereum are raising big bucks to capitalize the blockchain ecosystem with new users and liquidity. 

One of the first dozen Bitcoin ETF issuers approved by the SEC in Washington, VanEck is onboarding massive institutional capital to the blockchain.

The company’s new index— MEMECOIN— tracks the performance of Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), Bonk (BONK), Pepe (PEPE), and Floki Inu (FLOKI).

VanEck’s New Meme Coin Index Is Bullish News For KAI Cat

Seeing these meme coins’ ticker symbols on a Manhattan financial firm’s product is an enormous credibility boost for an industry that has already proven itself worthy of trusting your savings with for millions of retail Internet investors.

Whether you’re using the blockchain to spend your money, save your money, or grow your wealth using base layer tokens like Ether (ETH) or meme coins like Kai Cat (KAI), Ethereum’s class-leading blockchain technology is working to make sure your money stays safe and secure.

In addition to signaling the mainstream acceptance and adoption of meme coins, the new meme coin index is also an indicator that crypto investors who purchase these tokens are late to the game— if your game is hunting for altcoin gems, that is.

Gems are those diamonds in the rough that haven’t yet been cut, polished, and made to shine by the relentless volume and velocity of crypto markets in the daily hot pursuit of alpha on their investments.

According to Investopedia, “Alpha (α) is a term used in investing to describe an investment strategy’s ability to beat the market, or its ‘edge.’ Alpha is thus also often referred to as ‘excess return’ or the ‘abnormal rate of return’ in relation to a benchmark, when adjusted for risk.”

Before it began to change the world, earning its place among national currencies as a truly global financial reserve system, Bitcoin was a secret that only few knew about and even fewer understood.

Are There Still Secrets Like Early Bitcoin In Blockchain?

Now that the secret is out and even Washington politicians, Wall Street bankers, and entertainment industry celebrities own some Bitcoin, some investors worry they are late to the game. 

The original gangster cryptocurrency’s most knowledgeable experts like MicroStrategy CEO Michael Saylor and Block CEO Jack Dorsey will tell you, and with good reason, that the little orange coin’s run up its adoption curve to its total addressable market is far from over.

Bitcoin is growing faster than the Internet.

I'm not surprised. pic.twitter.com/hiShvztP76

— Relai 🇨🇭 (@relai_app) May 8, 2024

Dorsey says the price of Bitcoin could be over $1 million by he year 2030. Saylor is even more bullish. He predicts the average crypto exchange market price per 1 BTC could rise to as high as $10 million within a few years.

But from a coin price of $60,000 per BTC, even such an impressive rise in fortunes would not yield the kind of alpha to investors that its early investors enjoyed back when Bitcoin was still a secret. For that kind of result, altcoin gem hunters look for new currencies every day that the rest of the market hasn’t discovered yet, but that have the potential to shoot the moon.

In his New York Times bestselling book “Zero to One,” Peter Thiel– who co-founded PayPal with Elon Musk– wrote, “If you think something hard is impossible, you’ll never even start trying to achieve it. Belief in secrets is an effective truth. The actual truth is that there are many more secrets left to find, but they will yield only to relentless searchers.”

Only markets can prove it, but in 2024 one of those secrets may be that Cat Memes are going to give the Dog Coins a run for their money. Kai Cat has already raised  $323,000 at its pre-market sale price before it is listed on popular crypto exchanges. Will KAI grow up to be the first cat on VanEck’s meme coin index? Markets will decide.

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