What happened?
The meme coin token MemeCore has gained popularity recently, with a 148% gain witnessed in the past seven days. The sharp rise in demand started from the Asian markets, slowly encapsulating the entire crypto community. Buyers anticipate bigger centralized exchanges like Binance and Kraken could further boost its price.
Who does this affect?
This development impacts the investors of the MemeCore token, especially those who jumped on the bandwagon late anticipating further increase in its value. The performance of MemeCore also affects other crypto markets, as it establishes an example of a successful model for on-chain memecoin launches.
Why does this matter?
The surge in MemeCore’s popularity and value matters as it plays a substantial role in the broader crypto market sentiments. If MemeCore continues to gain and secures listings on top-tier exchanges, it could have a bullish impact on meme cryptocurrencies in general, possibly creating a favorable market environment for similar tokens.