The recent rally in MemeCore can be attributed to a combination of factors related to the broader crypto market and global economic trends.
A ceasefire between Iran and the US sparked hopes for reduced geopolitical risk, leading to a surge in oil prices. As a result, capital began to flow into higher-risk assets, including cryptocurrencies.
MemeCore's 6% gain is an example of this trend, as its high-beta profile amplifies market-wide gains during periods of increased investor confidence.