MEMEFI (MemeFi) rose 21.04% in the last 24 hours.

Gate News Bot news, on August 18, according to CoinMarketCap, as of the time of writing, MEMEFI (MemeFi) is currently priced at 0.002 USD, with a rise of 21.04% in the last 24 hours, reaching a high of 0.0032 USD and a low of 0.0016 USD. The current market capitalization is approximately 20 million USD, an increase of 3.48 million USD compared to yesterday.

MEMEFI is a leading Telegram gaming and Web3 meme ecosystem. The project has established a Telegram application ecosystem with over 52 million users. Through gamification and large-scale application scenarios, MEMEFI aims to bring these users into the blockchain world. The project plans to launch its token on the Sui blockchain, providing a low-cost, fast, and user-friendly claiming experience. MEMEFI also collaborates with a certain CEX to enable users to trade its tokens.

Recent important news about MEMEFI:

1️⃣ Short-term supply and demand imbalance causes price fluctuations The MEMEFI token has recently experienced significant price volatility. This fluctuation is partly due to a short-term imbalance in market supply and demand, leading to a substantial rise in price. However, market participants should be aware that this rapid rise may not be sustainable and carries the risk of a correction.

2️⃣ Telegram gaming platform continues to attract users MEMEFI, as a “click-to-earn” game operating on Telegram, continues to attract a large number of users’ attention. This innovative game mode combines Web3 and meme culture, providing users with a unique way to engage, which helps to expand the project’s user base and potential value.

3️⃣ Sui Blockchain Integration Plan Promotion MEMEFI plans to launch a token on the Sui blockchain, aiming to provide users with a lower-cost and faster trading experience. The high-performance characteristics of the Sui blockchain may bring technical advantages to MEMEFI, potentially enhancing the overall functionality and user experience of its ecosystem.

From a technical perspective, the price trend of MEMEFI shows a high volatility, and it may continue to remain unstable in the short term. Investors should closely monitor the project’s fundamentals, including user growth, ecosystem expansion, and integration progress with the Sui blockchain.

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