VanEck's new MEMECOIN index, covering top meme coins like Dogecoin and Shiba Inu, has surged by 195% over the past year, outperforming other cryptocurrency indices. This index represents a structured approach to investing in the volatile meme coin market, which now boasts a market cap of $50.93 billion. Investors are advised to be cautious due to the inherent volatility and financial risks of meme coins.

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