M (MemeCore) has fallen 4.09% in the last 24 hours.

Gate News Bot news, August 6th, according to CoinMarketCap data, as of the time of writing, M (MemeCore) is currently priced at $0.53, falling 4.09% within 24 hours, with a high of $0.59 and a low of $0.31. The current market capitalization is approximately $835 million, a decrease of $35.6676 million compared to yesterday. It ranks 85th in market capitalization.

MemeCore is the first L1 blockchain built specifically for Meme 2.0.

Important news about M (MemeCore) recently:

1️⃣ KOSDAQ-listed companies in South Korea drive market capitalization growth MemeCore recently acquired a South Korean company listed on KOSDAQ, which helps to enhance its influence and recognition in the Asian market, laying a solid foundation for future development. This strategic acquisition also reflects the project team's determination to actively expand their global business.

2️⃣ 5.7 million USD trading competition boosts trading volume MemeCore has launched a trading competition with a total prize pool of up to $5.7 million, attracting a large number of users to participate. This initiative not only enhances the platform's activity and liquidity but also effectively promotes a significant increase in the trading volume and market attention of MemeCore tokens.

3️⃣ The innovative "meme consensus mechanism" attracts investor attention As a Layer 1 public chain compatible with the Ethereum Virtual Machine (EVM), MemeCore adopts an innovative "Meme Consensus Mechanism (PoM)". This mechanism allows users to stake meme coins in a multi-chain environment to earn dual block rewards. This unique design has attracted the interest of many investors, providing MemeCore with a differentiated competitive advantage.

Despite a slight pullback in MemeCore over the past 24 hours, its innovative technological architecture and proactive market expansion strategy still lay a solid foundation for its long-term development. However, considering the high volatility of the cryptocurrency market, investors still need to carefully assess the risks.

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