The reasons for the 30% surge of $ME:
1. Concentrated exchange listings: ME coin has just started trading on major exchanges like Binance and Upbit, leading to a significant influx of capital that has caused a short-term supply-demand imbalance, especially in the South Korean market where the 'kimchi premium' effect is evident, driving up prices.
2. Airdrop expectations stimulate: The community is highly focused on the airdrop distribution rules before the launch. Some users are stockpiling coins in anticipation of the airdrop, while the market sentiment improves after early participants digest selling pressure, driving prices up.
3. Cross-chain ecosystem benefits: The official announcement of partnerships with multiple chain projects (such as Axelar) strengthens cross-chain trading functions. The market is optimistic about its potential to solve interoperability issues between NFTs and DeFi, attracting short-term speculative capital.
Summary:
In the short term, the ME coin experiences significant volatility driven by exchange popularity, airdrop news, and partnership announcements, necessitating caution against profit-taking selling pressure; in the long term, it relies on the progress of actual ecological applications (such as cross-chain and DeFi). If the team can expand scenarios as planned, stabilization may gradually occur, but one must be aware of the overall risks in the cryptocurrency market.
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