CORE is, Layer 1 Network CoreChainhas surged by more than 20% in the past 24 hours, a notable price increase considering the downward trend in the broader cryptocurrency market, including the prices of other major cap tokens. Ethereum (ETH) Dumping.
Why CORE surged more than 20%
The price of CORE has risen by more than 20%. Cryptocurrency exchange Coinbase The company has made the decision to add the cryptocurrency token to its listing roadmap, meaning that the leading US cryptocurrency exchange will eventually list CORE, although it has not disclosed when. Either way, this is undoubtedly a positive development for the CORE ecosystem, given the exposure and mass adoption that would come from being listed on Coinbase.
CORE is Ethereum Virtual Machine (EVM) Compatible with Layer 1 blockchain CoreChain. The network is unique in that it employs the “Satoshi Plus” consensus mechanism, which is a crossover between Bitcoin's Proof of Work (PoW) and Ethereum's Delegated Proof of Stake (DPoS) A mechanism to address the three major problems of blockchain: decentralization, scalability, and security.
CORE has already had quite the year, considering it has been one of the best-performing crypto assets among the top 100 coins by market cap, recording an increase of over 265% year-to-date (YTD). This feat comes after three crypto tokens (Dogwif HatThree companies in the top 50 (PEPE, Arweave, etc.) have outperformed CORE in year-to-date growth.
Interestingly, most of the price increase in CORE was Bitcoin Halvingthe cryptocurrency's price has soared by over 220% in a week. Because CORE is interoperable with Bitcoin, the network has launched “CoreBTC,” allowing users to bridge their BTC tokens to the network with the added benefit of accessing the liquidity of the flagship network, Bitcoin.
Coinbase is doing well
Coinbase's decision to add CORE to its listing roadmap Recent Listings of XRP The crypto exchange announced that it would list XRP for its New York clients. The crypto exchange's decision to delist XRP certainly attracted attention, considering it came shortly after XRP was delisted in 2021. Legal battle Between Securities and Exchange Commission (SEC) And then the ripples began.
Meanwhile, the listing of BONK has many in the crypto community wondering when crypto exchanges will also list meme coins. Dogwif Hat and PEPEIt is surprising that Coinbase is hesitant to list these two meme coins, even though they are the fourth and third largest meme coins by market cap, respectively.
Meanwhile, Coinbase International Exchange Recently Announced Bonk, FLOKI, and Shiba Inu The company has launched perpetual futures trading on its platform and Coinbase Advanced. The platform added that trading will officially launch on May 30. Coinbase Derivatives recently Dogecoin, the most famous meme coin.
Featured image from NBC News, chart from TradingView
