MemeCore's Surge and Potential Risks: Investors Beware
Recently, MemeCore's native token M has skyrocketed from near-zero prices to eye-catching all-time highs in just a few weeks, drawing widespread attention and caution from the market. With M hitting a high of $1.69 on Friday, although it later retraced to $1.60, its 24-hour trading volume surpassed $53 million, fueling excitement about its future.
Key Points
- Token M has surged nearly 3,750% in about 90 days.
- Trading volume has spiked in a short period, indicating high market enthusiasm.
- Current market sentiment is labeled bullish, but notable liquidity risks exist.
- Technical indicators suggest the token may have entered an overbought zone.
- Future price predictions indicate M may drop to $1.19 by October 2025.