SPX6900 Pumps Another 17%, $3 is Next Target as New Index Meme Coin ICO Raises $2M

The next stage of the crypto bull run is continuing to leave market participants on edge, as Bitcoin and Ethereum bulls fight to push their favorite leading cryptocurrencies back toward their recent highs.

Bitcoin saw a total gain of just over 5% last week (and has now broken $100,000 again), while Ethereum pushed upwards by 8.4%.

In the meantime, a mini alt season has broken out as a range of notable cryptos experienced small recoveries and pumps – with SPX6900 ($SPX) continuing to lead. $SPX has pumped 20% over the past day and is now up 81% from this time last week.

Meanwhile, the “meme coin index” narrative is also driving growth of Meme Index ($MEMEX), which has now raised $2m through its ongoing ICO.

SPX6900 Continues to Shine in the Spotlight

With another 17% gain pumping its price beyond $1.50 over the last 24 hours, SPX6900 might finally be ready to take a breather – or so its daily chart would suggest. This is the kind of chart that every crypto investor dreams about, showcasing a massive parabolic run that unfolded in almost textbook fashion:

Over this weekend, SPX6900 slowed down for the first time as it printed a “spinning top” candle on Saturday, signaling indecision and a battle between bulls and bears. The bulls proved victorious on Sunday, achieving a fresh 14% profit on the day – and this Monday we’re seeing the pump continue once again.

If we zoom into the hourly chart, however, we can see a more detailed picture:

Since breaking through the $1 level, SPX6900 has formed a series of higher lows, then broken out and also formed a bullish ascending triangle. The asset’s trading volume has pulled back, while its RSI (Relative Strength Index) is hovering slightly below the overbought zone with a score of approximately 67.

Put together, these are all cumulative signs of more potential bullish action still to come – so we could easily see SPX6900 explode yet again, passing $1.60. From there, it might well flip that resistance level into support, leaving the bulls in control and another green daily candle on the cards. Considering everything we’ve seen so far, $3 (almost a 2x from SPX’s current price) is shaping up to be a fair target for bullish believers.

hitting $1.5B mcap w/o Coinbase, Binance, Robinhood is a statement

SPX6900 will reach multi billions before your fav memecoin, strongest community in the game.

— Malik (@tiny_malik) January 6, 2025

On the bearish side, a price dip from here would also be reasonable in order to burn off some of that overbought RSI score. A pullback below $1.50 would open up lower price targets like $1.40, $1.35, $1.25, $1.14, or the key psychological support line at $1 – although it’s worth noting the sheer number of potential support levels that SPX6900 established during its big sprint upwards.

Whether $1.60 proves to be the current limit for SPX6900 bulls or not, this asset has still performed amazingly well, with the worst-case scenario currently being an opportunity to buy the dip.

With so much SPX6900 hype spreading across social media, our next token is shaping up to be that now-legendary project’s successor…

Meme Index ICO Raises $2M – the Next SPX6900?

Excited by the prospect of the next big “meme coin index” token, SPX6900 enthusiasts and crypto experts in general have been heavily supporting Meme Index ($MEMEX), one of the world’s very first decentralized trading platforms for meme coin projects of all sizes.

Hitting it big by betting heavily on just one meme coin arguably requires a significant amount of luck, not just effective analysis – and diversifying a portfolio by investing in multiple tokens quickly becomes time-consuming, not to mention potentially confusing.

Meme Index helps to address this issue, as MEMEX holders can easily stake their tokens across “baskets” (indexes) that expose investors to the cumulative price performance of several meme coins at the same time.

This means that if one token’s value drops significantly, other tokens can help to prop up the value of that basket – and if the crypto market pumps into a fresh bullish phase, investors won’t miss out if a few specific tokens outperform everything else.

Degens can dive into the “Meme Frenzy Index” (where the most rewarding and risky tokens can be found), opt for the relatively safe road with the “Meme Titan Index” (the mainstream meme token basket, including the likes of SHIB, PEPE, and of course DOGE), or go for a moderate level of volatility with mixed collections like the “Moonshot Index” and “Midcap Index”.

Given how strongly SPX6900 has pumped this early in 2025, MEMEX looks set to follow up its phenomenal ICO with its own rocket-fuelled price action when it launches on major crypto exchanges.

Meme Index has now raised $2 million through its presale, with analysts expecting greater achievements in the coming weeks, months, and years.

MEMEX tokens are temporarily priced at just $0.0149831, with staking rewards of 1,207% APY awaiting early investors who choose to stake their tokens and generate passive income. Earning extra tokens will enable those investors to acquire additional votes and have a greater say in the future of Meme Index, as MEMEX will also act as the platform’s governance token.

Visit Meme Index Presale

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