MemeCore Reaches All-Time High by 3,800%, Raising Questions About an Imminent Crash?

MemeCore, the Layer-1 blockchain designed for meme culture, has been making waves in the cryptocurrency market. At the time of writing, the native token M is up an impressive 250% in the weekly timeframe, reaching a new all-time high of $1.69.

The Fear & Greed Index for MemeCore sits at 48, indicating a neutral sentiment. However, market sentiment for MemeCore is currently labeled Bullish by some indicators, with momentum traders showing up in force due to the project's unique features.

Over the past 30 days, MemeCore has had 16/30 green days, demonstrating a relatively stable performance. However, event-driven spikes can reverse quickly for MemeCore, as seen in the wild price action for M. The token has swept through resistance levels since mid-August, but the RSI for M has shown extreme overbought readings, suggesting the run may be stretched.

Supporters of MemeCore highlight the promise of a meme-driven economy as reasons for continued upside. MemeCore is built on a Proof of Meme consensus model and community-focused tokenomics, making it a unique player in the blockchain space.

While the price action for M has been described as wild, the 24-hour volume of M has exceeded $53 million, indicating strong interest from investors. However, liquidity outside major centralized exchanges looks thin for MemeCore, which could potentially impact its trading activity.

Some traders believe M is being propelled by hype and big marketing plays more than by on-chain usage today. The search results do not explicitly state the person or organization behind the project development of MemeCore, which is a point of concern for some investors.

In a move to further solidify its presence, MemeCore rented Seoul's Lotte World for the final night of Korea Blockchain Week, showcasing its commitment to the blockchain community.

Looking ahead, price predictions suggest a potential fall for MemeCore. Analysts predict a 23% drop, with the price falling to about $1.19 by October 5, 2025. If $1 support gives way, liquidation cascades could accelerate downside toward $0.40-$0.50.

In conclusion, MemeCore's M token is currently experiencing a significant surge in value, driven by a bullish market sentiment and unique features. However, investors should be aware of the potential risks, including market volatility and thin liquidity, before making investment decisions.

MemeCore Reaches All-Time High by 3,800%, Raising Questions About an Imminent Crash?