Here’s why MemeCore rallied 150% over the past week
The post Here’s why MemeCore rallied 150% over the past week appeared on BitcoinEthereumNews.com. MemeCore has surged more than 150% over the past week after recovering from a sharp selloff that erased more than 80% of its value in late June, with renewed buying driven by security updates and improving market sentiment. Summary MemeCore has jumped more than 150% in a week after developers addressed security concerns following its June crash. A short squeeze and improving technical momentum helped push the token from $0.51 to a weekly high of $1.79. Traders are now watching whether ecosystem growth and on-chain activity can sustain the recovery above key resistance. According to the MemeCore team, the rebound followed a series of public clarifications addressing concerns that emerged after the token’s steep decline. The developers said the network had become the target of a coordinated campaign involving phishing websites and a fake project using the MemeCore name on another blockchain.