Bitcoin News Today: MemeCore Defies Downturn as Bitcoin and Crypto Plunge

Bitcoin (BTC) continued its downward trend on August 30, falling below $113,000 amid a broader crypto market slump. According to recent market reports, the crypto sector has experienced widespread declines, with Ethereum (ETH) dropping to $4,100 and altcoins like RAY losing over 9% in the last 24 hours. The U.S. Securities and Exchange Commission (SEC) has also delayed decisions on multiple crypto ETF applications, adding to investor uncertainty [2].

Amid the broader market weakness, MemeCore (M), a token positioned as a Layer 1 blockchain for the Meme 2.0 era, saw significant price volatility. As of the latest data, the MemeCore price was trading at $0.45454, marking a 22.05% increase over the previous 24-hour period and a 4.45% gain in the past week. This performance contrasts with the broader market downturn, highlighting MemeCore’s relative strength in the short term [1].

The token’s price has fluctuated within a $0.36371 to $0.52686 range over the past 24 hours, reflecting active trading and market sentiment. MemeCore’s market capitalization currently stands at $717.86 million, with a 24-hour trading volume of $2.19 million. Its circulating supply is 1.58 billion tokens, out of a total supply of 5 billion, with a fully diluted market cap of $4.55 billion [1].

Despite the 24-hour gains, MemeCore has faced a broader decline in the 30-day timeframe, with its price dropping by 42.59% since July. However, the 90-day and 1-year performance has been more robust, with a 617.21% and 710.65% increase, respectively. This long-term trend suggests that MemeCore has retained significant interest and growth potential, even amid recent volatility [2].

The project has positioned itself as a foundational infrastructure for meme-based cryptocurrencies, emphasizing community-driven virality and long-term economic sustainability. Analysts and market participants note that MemeCore’s unique model, which rewards both content virality and transaction volume, could differentiate it from traditional meme coins and position it for sustained growth [1].

In terms of price predictions, technical analyses on platforms like Bitget suggest mixed signals for the near term. While 4-hour analysis recommends a sell, the 1-day signal is bullish. Longer-term projections indicate a potential price target of $0.4268 by 2026 and a 25% increase by 2031, leading to an estimated price of $1.10 [2]. These forecasts, however, remain speculative and should be considered alongside broader market conditions and project developments.

The MemeCore price remains a focal point for investors in the crypto space, especially as the market navigates regulatory and macroeconomic uncertainties. With its market cap ranking at 100 and a trading volume of $14.39 million in the last 24 hours, MemeCore continues to attract attention from traders and investors seeking exposure to the evolving meme coin ecosystem [2].

As the crypto industry awaits key developments, including regulatory clarity and broader adoption, the performance of tokens like MemeCore will remain closely watched. Investors are advised to conduct their own due diligence and assess risk tolerance before making investment decisions in this rapidly evolving market [1].

Source:

[2] MemeCore price USD live chart (M/USD) (https://www.bitget.com/price/memecore)