MemeCore Surges 3.3% to $3.61 on Retail FOMO

MemeCore (M) climbed 3.3% to $3.61 on October 10, 2024. CoinMarketCap data pegs its market cap at $6.35 billion. Retail fear of missing out (FOMO) propels this gain amid crypto swings. Coinbase reported a 25% jump in meme coin searches.

Bitcoin traded near $67,000, nearing its March 2024 peak per CoinMarketCap. Ethereum spot exchange-traded funds (ETFs), approved in July 2024, attracted $10 billion in inflows, Bloomberg data shows. These factors boost meme coin activity, including MemeCore.

MemeCore Price Rise Ties to Meme Coin Trends

MemeCore launched in early 2024 as a leading meme coin. It fuses viral internet memes with blockchain technology for fast, community-driven trades. Platforms like X and Reddit spark its price surges.

Traders seek rapid returns, echoing Dogecoin's 2021 rally that yielded over 10,000% gains from $0.005 to $0.73, per CoinGecko historical data. MemeCore's 3.3% daily gain draws similar retail crowds.

Retail investors react to real-time price ticks. FOMO accelerates buying. CoinGecko's meme token category shows 15% higher average volume for peers on October 10, 2024. Revolut's mobile app eases access for newcomers.

The meme coin sector totals $50 billion in market cap, CoinGecko reports. MemeCore ranks high with $450 million in 24-hour volume. This growth outpaces last quarter's 8% sector rise.

Gadgets Fuel MemeCore Trading Accessibility

Smartphones send instant push alerts for MemeCore price moves. Wearables like Apple Watch notify users during daily routines on iOS and Android.

5G networks deliver real-time data feeds under one second. Samsung Galaxy watches and Google Pixel devices run crypto wallets via Trust Wallet apps.

These fintech tools cut barriers for retail entry. Dune Analytics data confirms MemeCore volume doubled last week. Gadget features keep traders engaged, holding the $3.61 level steady.

Revolut and Coinbase integrate notifications directly. This tech shift explains why retail now drives 60% of meme coin volume, up from 40% in Q2 2024 per Messari.

Crypto Volatility Challenges MemeCore Rally

Bitcoin's April 2024 halving cut supply by 50%, igniting bull runs. Derivatives amplify swings, with leverage hitting 20x on Binance.

The EU's Markets in Crypto-Assets (MiCA) rules, live since June 2024, demand exchange compliance. Kraken and Binance adapted policies, company statements confirm.

CoinMarketCap's memes view lists MemeCore near the top at $6.35 billion cap. Whale buys and liquidation risks loom. Glassnode on-chain metrics show 30% more new wallets in rallies like this.

Meme coin volatility reached 80% annualized, Deribit options data indicates. MemeCore outperformed PEPE, which fell 5% over the same period.

Post-halving trends mirror 2020's 300% BTC surge. MemeCore benefits as BTC stabilizes above $65,000.

Institutions Bolster Crypto Market Trends

BlackRock's IBIT Bitcoin ETF holds $20 billion in assets as of October 9, 2024, per filings. Firms access memes through Grayscale trusts.

Federal Reserve Chair Jerome Powell's October 9 rate comments caused brief dips. Retail FOMO countered this for MemeCore.

Reuters reports on crypto FOMO link social sentiment to 40% of recent volume. Institutions add downside protection.

Venture capital poured $2.5 billion into crypto startups Q3 2024, PitchBook data shows. This capital trickles to meme ecosystems.

MemeCore Outlook Amid FOMO and Volatility

MemeCore eyes $4.00 resistance if volume persists. Coinbase listings spark 20% jumps historically, Messari research notes.

Santiment data flags peak social volume, hinting at FOMO fatigue. Bitcoin above $65,000 aids upside.

Gadgets sustain retail interest. MiCA enhances trust. At $3.61, MemeCore gains if ETF inflows and halving effects continue. Monitor whale moves and volatility indexes next.