Over the past 24 hours, the price of MemeCore (M) has increased by 85%, fueled by the launch of a trading competition on Binance and the overall upsurge in memecoins.
Rising Interest in MemeCore (M)
MemeCore (M) reached a price of $0.6588, with its market capitalization surpassing $1.04 billion. The memecoin has increased by 840% over recent months, driven by both new traders and general market growth.
Binance Competition: Impact on the Market
Launched on July 10, the competition allows users to earn rewards by trading various tokens, including MemeCore. Following the launch, trading volume for M surged by 98%, exceeding $146 million, indicating substantial interest in participation.
Future of MemeCore and Potential Growth Catalysts
Recently, MemeCore announced a strategic partnership with Klein Labs, a notable market player. There is also speculation about a potential entry into the Korean market via an acquisition of KOSDAQ, which could serve as the next catalyst for MemeCore’s price surge.
In conclusion, the combination of exchange-led incentives, a widespread rise in the memecoin sector, and strategic partnerships provides MemeCore with a notable boost. However, the future of this momentum depends largely on Bitcoin prices and trader interest post-competition.
