🔥 #MemeCore's Explosive Rise — Meme Season Returns
MemeCore's token, **M**, has soared from obscurity to impressive heights in a matter of weeks, prompting both excitement and caution among analysts.
**MemeCore's Rapid Climb**
M hit an all-time high of **$1.69** on Friday before retreating to **$1.60**, with a 24-hour trading volume exceeding **$53 million**. According to Coingecko, as of this writing, **M** has risen **250%** in a week.
From **July's low of **$0.036**, the token has achieved a staggering **3,750% surge** in 90 days, attracting fast movers and significant inflows.
**Momentum Outpaces Fundamentals**
This rally has been extreme—RSI readings indicate significant overbought levels, while the momentum indicator remains vertical, suggesting continued gains are possible.
Since mid-August, MemeCore has broken through resistance but is in a precarious position for a sudden reversal.
Skeptics believe that hype and aggressive promotional activity outweigh actual network usage.
The team has reportedly booked a key event at Lotte World in Seoul for Korea Blockchain Week to boost visibility and community interest. MemeCore, hailed as the first layer-1 chain dedicated to meme culture, has attracted a large number of speculative traders with its focus on Proof-of-Meme consensus and community-driven token economics.
Market Context and Diverging Views
The total cryptocurrency market capitalization is approaching $3.82 trillion.
Optimists believe that consolidation above $1, driven by market narrative and community momentum, will push the price towards $2.
Pessimists warn that a break below the $1 support level could trigger a forced sell-off, dragging the price down to $0.40-$0.50, especially outside of large exchanges with less liquidity.
**Price Outlook and Market Sentiment**
Forecasts indicate that the price of Meme will fall 23% to $1.19 by October 5, 2025.
Nevertheless, market sentiment remains mixed—some remain bullish, while the **Fear & Greed Index** remains neutral at 48.
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