Memecore leads the weekly cryptocurrency rise
MemeCore (M) recorded a 50 per cent increase in its price over the past week, from $0.31 to $0.47. Thus, it becomes the digital asset with the highest price increase in the last 7 days, within the top 100 by market capitalization.
In the last month, its growth was even more significant, with an increase of 126%, consolidating itself as one of the most prominent cryptocurrencies in the current landscape.
M is the cryptocurrency of MemeCore, a layer network 1 (L1) compatible with the Ethereum Virtual Machine (EVM), specializing in the memecoin industry.
Several factors have driven MemeCore’s rise. Since its July debut, the token has gained visibility by listing on renowned exchanges such as Binance, Kraken, Bitget, BingX, HTX, and Hashkey, as reported by CryptoNotics. This list has facilitated access to the asset by attracting new entrants to the market.
In addition, the expectation generated by the MemeX Liquidity Festival, an event organized by MemeCore with a prize fund of $5.7 million, had increased the activity around the token. However, while the event was temporarily postponed, with details of its pending rescheduling, investor interest has not diminished.
On the other hand, an airdrop campaign at Binance Alpha has contributed to MemeCore’s drive. Binance Alpha is a platform within Binance’s ecosystem that focuses on highlighting and providing early access to new cryptocurrency projects and in their early stages with growth potential in the Webspace3.
In essence, it functions as a token selection fund before its listing on Binance’s main exchange, allowing users to discover and even operate with these tokens before they are widely available on the market.
The airdrobe was divided into two phases: in the first, users with at least 214 points in Binance Alpha could claim 1,000 M tokens; in the second, those with 140 points or more participated in order of arrival until the bottom was exhausted or the event ended. This strategy has strengthened the adoption of the token, encouraging participation in the network.
Despite its rapid growth, MemeCore has shown resilience to market fluctuations. Days ago, while other cryptocurrencies faced widespread declines for macroeconomic and political reasons, M maintained remarkable stability, reinforcing its attractiveness to investors.
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