MemeCore Explodes 3,800% For ATH — But Is A Collapse Around The Corner?

Christian Encila

1 month ago

2 mins read

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MemeCore’s native token M has raced from near-zero to headline-making highs in a matter of weeks, drawing both excitement and sharp warnings from market watchers.

MemeCore’s Meteoric Rise

According to reports, M hit a fresh all-time high of $1.69 Friday before easing back to $1.60, while 24-hour volume climbed past $53 million. At the time of writing, M was up 250% in the weekly timeframe, data from Coingecko shows.

That follows July lows near $0.036, a move that translates into roughly a 3,750% gain in about 90 days. Traders piled in quickly. A lot of money followed.

Market Moves Outpaced Fundamentals

Price action has been wild. Momentum indicators show parabolic behavior and the RSI has flashed extreme overbought readings, signaling the run may be stretched.

Based on technicals, the token has swept through resistance levels since mid-August and is trading in territory where a fast reversal is possible.

Some traders say M is being propelled by hype and big marketing plays more than by on-chain usage today.

Memecore price up in the last week. Source: Coingecko

Event-Driven Hype And Community Stunts

Reports have disclosed that MemeCore rented Seoul’s Lotte World for the final night of Korea Blockchain Week, an attention-grabbing move that pushed social interest higher.

The project pitches itself as the first Layer-1 built for meme culture and uses a Proof of Meme consensus model alongside community-focused tokenomics.

Those features have been shouted about in the community, and they help explain why momentum traders have shown up in force.

Total crypto market cap currently at $3.82 trillion. Chart: TradingView

Bulls Point To Network Story; Bears Point To Liquidity Risk

Supporters highlight the promise of a meme-driven economy as reasons for continued upside. If consolidation holds above $1, a push toward $2 is floated by optimistic traders.

But risks are clear. If $1 support gives way, liquidation cascades could accelerate downside toward $0.40–$0.50. Liquidity outside major centralized exchanges looks thin, and event-driven spikes can reverse quickly.

Memecore Price Forecast And Sentiment Snapshot

Meanwhile, based on current projections, MemeCore’s price is predicted to fall by 23% to about $1.19 by October 5, 2025.

Market sentiment is still labeled Bullish by some indicators, while the Fear & Greed Index sits at 48, which is neutral.

Over the past 30 days, M recorded 16/30 green days and roughly 35% price volatility, showing how choppy trading has been.

Those figures suggest a market that favors quick movers but leaves slower traders exposed to steep losses.

Featured image from MemeCore, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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