MemeCore (M) up 25.8 percent in a week: stronger than the market, thin volume

MemeCore stands at $0.95, around 25 percent above the level of a week ago, according to CoinGecko as of Sunday morning. Over the same window Bitcoin has lost 3.6 percent and Ethereum 5.1 percent. The token, which trades under the ticker M, ranks 47th among crypto assets by market capitalisation and is therefore not a minor name easily overlooked. What is interesting is less the rise than what carried it. Trading turnover over the past seven days ran between $0.7 million and $3.8 million a day, against a market capitalisation of $2.18 billion. A market of that size normally moves on a multiple of those sums. And on November 1 a tranche of 56.11 million tokens is added, worth around 30 days of turnover. MemeCore (M) on the week: up 25.8 percent on $1.77 million of daily turnover The week's figures in detail, taken from the CoinGecko price series: on October 19, M stood at $0.7582; on Sunday morning at $0.9494. Calculated over that series, the gain is 25.2 percent. CoinGecko reports 25.8 percent for its own seven-day window, and the single-coin query gives 28.0 percent. The range of 25 to 28 percent arises because the windows are cut differently; it is not smoothed over here. The week...