M (MemeCore) rose 7.25% in the last 24 hours.

Gate News Bot news, on September 23, according to CoinMarketCap data, M (MemeCore) is currently priced at $2.59, with a rise of 7.25% in the last 24 hours, reaching a high of $2.94 and a low of $2.11. The 24-hour volume has reached $38.2 million. The current market capitalization is approximately $2.695 billion, which has risen by $182 million compared to yesterday.

MemeCore is the first L1 blockchain specifically designed for Meme 2.0. The project aims to provide a dedicated ecosystem and platform for meme coins.

Important news about MemeCore recently:

1️⃣ The popularity of the Meme coin market continues.

The Meme coin market has recently shown active overall performance, with several projects experiencing significant rises. As an L1 blockchain specifically designed for Meme 2.0, MemeCore has benefited from this market trend, attracting more attention from investors and developers.

2️⃣ Professionalization of the Meme coin ecosystem demand rise

As the Meme coin market matures, the demand for specialized and high-performance Meme coin ecosystems is on the rise. MemeCore, as the first L1 blockchain specifically designed for Meme 2.0, has a unique positioning that is expected to meet the market's need for a more efficient and secure platform for Meme coin transactions and development.

3️⃣ Gate exchange supports promoting liquidity

With the continuous support of mainstream exchanges like Gate, MemeCore has secured stable trading channels and ample liquidity. This not only helps reduce trading costs but also provides convenience for more potential investors to participate, further driving the rise in the price of M tokens.

From a technical perspective, after the price of M token broke through the key resistance level of $2.5, it may face some pullback pressure in the short term. Investors need to pay attention to whether it can hold the support level of $2.4 to confirm the sustainability of the rise trend. On the fundamental side, MemeCore, as the infrastructure provider for the Meme coin ecosystem, its development prospects will largely depend on the continued prosperity of the entire Meme coin market.

This message is not intended as investment advice; investors should be aware of market volatility risks.