The price of the MemeCore (M) token has significantly risen over the last month due to several factors, including new partnerships and exchange support.
Key Catalysts for Growth
MemeCore (M), which emerged this summer, has become a sensation in the crypto market with approximately a 400% increase over the past month, reaching an all-time high of $2.23. Its market capitalization has risen to $3.7 billion, making it the fourth-largest meme token.
This positive performance is likely attributed to several bullish factors, such as the announcement of the MemeX Liquidity Festival, which started on August 4 and will run until October 26, 2025. This event aims to attract traders with a total prize pool of $5.7 million.
Additionally, support from leading exchanges like Gate.io may have influenced the rise. Exchanges such as Binance Alpha and Kraken have previously added M/USDT pairs.
Future of MemeCore (M)
Despite the recent gains, some analysts believe that the asset still has room to grow. However, others point out the potential for a correction due to high indicator values.
Recent partnerships, such as the collaboration with Cooperation DDDD and the upcoming HALLO MEME event in Seoul on September 23-24, are expected to drive further development and interest in the project.
Technical Indicators Analysis
Some technical indicators suggest that a correction may be imminent. The Relative Strength Index (RSI) has spiked above 85, indicating that the asset may be in overbought territory. This could lead to a potential price pullback, as values below 30 are typically seen as buying opportunities.
The rise of the MemeCore (M) token is driven by various factors, and its future remains uncertain. It is important to monitor technical indicators, as they may signal a correction.
