It is a memecoin whose goal is to surpass the S&P500.
The memecoin is now available on NEAR Protocol, fueling its rise.
SPX6900 (SPX), a memecoin inspired by the S&P 500 index, defies the red tide that fully impacts the market and is one of the assets with the highest weekly rise within the top 100 by market capitalization.
In the last 7 days, This token that lives on Ethereum and other networks registers a rise of 41%. At the time of publishing this note, SPX6900 is trading at $0.72:
SPX is a memecoin whose founding narrative aims to “go higher than the S&P500”as CriptoNoticias explained. The project also has the explicit support of the influencer Murad Mahmudov and a community that is especially active on its digital channels.
The recent integration of SPX in NEAR Protocol, a high-speed modular protocol designed for artificial intelligence (AI) to act on behalf of users, is driving its price.
By joining a broader and more liquid ecosystem, the token gains exposure to new users and DeFi applications, who can use it in payments, exchanges or liquidity provision, thus increasing its demand and utility.
Additionally, the alliance places SPX in a market to which it did not previously have access, strengthening its liquidity and improving the perception of confidence in the asset.