MemeCore Token M Surges to $1.69 with 3,750% Gain in 90 Days
MemeCore Token Overview
MemeCore's native token, M, has surged significantly, reaching an all-time high of $1.69 before settling at $1.60, with a 24-hour trading volume exceeding $53 million. In the last week, M increased by 250% from July lows of approximately $0.036, representing a gain of around 3,750% over 90 days.
Market Dynamics
- Price fluctuations have been extreme; momentum indicators suggest potential overextension.
- M has consistently breached resistance levels since mid-August, but a reversal may occur soon.
- Some analysts attribute the price increase more to marketing and hype rather than actual on-chain utility.
Community Engagement and Events
- MemeCore rented Seoul's Lotte World for the closing event of Korea Blockchain Week, boosting social interest.
- The project promotes itself as the first Layer-1 network designed for meme culture, using a Proof of Meme consensus model.
Risk Factors and Price Predictions
- Supporters see potential for further gains if M maintains above $1, with targets of up to $2.
- Conversely, a drop below $1 could lead to significant losses, potentially down to $0.40–$0.50.
- Current forecasts indicate a potential decline of 23%, projecting a price of about $1.19 by October 5, 2025.
- Market sentiment remains neutral, as indicated by a Fear & Greed Index score of 48.
Over the past month, M has experienced 16 out of 30 positive trading days and approximately 35% price volatility, reflecting a turbulent market environment that favors rapid traders.