MemeCore skyrockets by +3800% in 90 days, soaring from $0.036 to a peak of $2.13. Positioned as the premier Layer-1 blockchain for "meme culture," it employs a unique consensus mechanism known as "Proof of Meme." Currently at $1.89, with a market cap of $3.2 billion, MemeCore sparks debates on technological innovation versus speculative bubble.
MemeCore’s M token has surged +276% this week, reaching a daily volume of $61 million. This performance places the project at #52 globally according to CoinGecko, with 1.67 billion tokens in circulation out of a total supply of 10 billion.
Bitget dominates trading with 45% of global volume on the M/USDT pair ($27.8 million in 24h). Technical indicators show sustained buying momentum, with Money Flow Index (MFI) levels above 80.
However, analysts point to overheating signals. The RSI displays extreme levels and some models predict a correction towards $1.19 (-23%) by October. The 30-day volatility of 35% confirms the highly speculative nature of the asset.
MemeCore distinguishes itself as the “first blockchain Layer-1 for meme culture”, using a Proof of Meme consensus that rewards creativity and virality rather than computing power. The ecosystem plans dApps for meme creation and monetization, with tokenomics integrating an automatic burn creating deflationary pressure. Viral marketing, including renting Seoul’s Lotte World during Korea Blockchain Week, generated international media buzz and propelled trading volumes.
Supporters see a revolution in decentralized creative economy, with adoption by major exchanges and a complete Layer-1 infrastructure reinforcing technological legitimacy. Skeptics point to parabolic performance and dependence on viral marketing as sustainability risks. Technical analysis indicates resistance at $1.75 and critical support at $1.14, with upside potential towards $2.49 (+50%) if the bullish trend continues.
Bitget has established itself as the go-to platform for trading MemeCore with 45% of global volume. Here’s how to proceed on Bitget:
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