{"id":609819,"date":"2024-05-25T23:00:02","date_gmt":"2024-05-25T23:00:02","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=609819"},"modified":"2024-05-25T13:55:01","modified_gmt":"2024-05-25T13:55:01","slug":"why-did-core-price-surge-20-while-the-crypto-market-dumped","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/why-did-core-price-surge-20-while-the-crypto-market-dumped\/","title":{"rendered":"Why Did CORE Price Surge 20% While The Crypto Market Dumped?"},"content":{"rendered":"

CORE, the native token of the <\/span>layer-1 network CoreChain<\/span><\/a>, has surged over 20% in the last 24 hours. This is a notable price increase, considering the downward trend in the broader crypto market with the prices of other major cap tokens, including <\/span>Ethereum (ETH)<\/span><\/a> dumping.\u00a0<\/span><\/p>\n

Related Reading: Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree<\/a><\/div>\n

Why CORE Soared By Over 20%<\/b><\/h2>\n

CORE\u2019s price rallied by over 20% following <\/span>crypto exchange Coinbase\u2019s<\/span><\/a> decision to add the crypto token to its listing \u2018Roadmap.\u2019 That means the foremost US crypto exchange plans to list CORE at some point, although it hasn\u2019t disclosed exactly when that will happen. Regardless, this is undoubtedly a positive development for the CORE ecosystem, given the exposure and mass adoption it could gain from being listed on Coinbase.\u00a0<\/span><\/p>\n

CORE runs on the <\/span>Ethereum Virtual Machine (EVM)<\/span><\/a> compatible layer-1 blockchain CoreChain. The network is unique because it adopts a \u2018Satoshi Plus\u2019 consensus mechanism. This mechanism adopts Bitcoin\u2019s proof-of-work (PoW) and Ethereum\u2019s <\/span>delegated proof-of-stake (DPoS)<\/span><\/a> mechanism to address the blockchain trilemma of decentralization, scalability, and security.<\/span><\/p>\n

CORE has already had quite a year, considering it is one of the best-performing crypto assets among the top 100 coins by market cap, with a year-to-date (YTD) gain of over 265%. This feat is more commendable given that only three crypto tokens (<\/span>Dogwifhat<\/span><\/a>, PEPE, and Arweave) in the top 50 rankings have made more YTD gains than CORE.\u00a0<\/span><\/p>\n

Interestingly, most of CORE\u2019s price gains came in the weeks leading up to the <\/span>Bitcoin halving<\/span><\/a>, with the crypto\u2019s price skyrocketing by over 220% in a single week. CORE\u2019s interoperability with Bitcoin also gives it an edge, with the network launching \u2018CoreBTC,\u2019 which allows users to bridge their BTC tokens to the network, thereby tapping into the liquidity on the flagship network, Bitcoin.\u00a0<\/span><\/p>\n

CORE is now trading at $2.2. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Coinbase On A Roll<\/b><\/h2>\n

Coinbase\u2019s decision to add CORE to its list listing roadmap follows its <\/span>recent listing of XRP<\/span><\/a> and BONK for its New York customers. The crypto exchange\u2019s decision to relist XRP undoubtedly raised eyebrows, considering it had delisted the crypto token in 2021, shortly after the <\/span>legal battle<\/span><\/a> between the <\/span>Securities and Exchange Commission (SEC)<\/span><\/a> and Ripple began.\u00a0<\/span><\/p>\n

Meanwhile, BONK’s listing has caused many in the crypto community to question when the crypto exchange will also list meme coins, <\/span>Dogwifhat, and PEPE<\/span><\/a>. Coinbase\u2019s hesitation to list these two meme coins continues to be a surprise, given that they are the fourth and third largest meme coins by market cap, respectively.\u00a0\u00a0\u00a0<\/span><\/p>\n

Related Reading: Uniswap Shoots Past $10 On 15% Price Explosion \u2013 Here\u2019s The Trigger<\/a><\/div>\n

Meanwhile, Coinbase International Exchange also <\/span>recently announced<\/span><\/a> that it will add support for Bonk, FLOKI, and <\/span>Shiba Inu<\/span><\/a> perpetual futures on its platform and Coinbase Advanced. The platform added that trading will officially begin on May 30th. Coinbase Derivatives also recently launched futures contracts for the <\/span>foremost meme coin, Dogecoin<\/span><\/a>.\u00a0<\/span><\/p>\n

Featured image from NBC News, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

CORE, the native token of the layer-1 network CoreChain, has surged over 20% in the last 24 hours. This is a notable price increase, considering the downward trend in the broader crypto market with the prices of other major cap tokens, including Ethereum (ETH) dumping.\u00a0 Related Reading: Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree Why CORE Soared By Over 20% CORE\u2019s price rallied by over 20% following crypto exchange Coinbase\u2019s decision to add the crypto token to its listing \u2018Roadmap.\u2019 That means the foremost US crypto exchange plans to list CORE at some point, although it hasn\u2019t disclosed exactly when that will happen. Regardless, this is undoubtedly a positive development for the CORE ecosystem, given the exposure and mass adoption it could gain from being listed on Coinbase.\u00a0 CORE runs on the Ethereum Virtual Machine (EVM) compatible layer-1 blockchain CoreChain. The network is unique because it adopts a \u2018Satoshi Plus\u2019 consensus mechanism. This mechanism adopts Bitcoin\u2019s proof-of-work (PoW) and Ethereum\u2019s delegated proof-of-stake (DPoS) mechanism to address the blockchain trilemma of decentralization, scalability, and security. CORE has already had quite a year, considering it is one of the best-performing crypto assets among the top 100 coins by market cap, with a year-to-date (YTD) gain of over 265%. This feat is more commendable given that only three crypto tokens (Dogwifhat, PEPE, and Arweave) in the top 50 rankings have made more YTD gains than CORE.\u00a0 Interestingly, most of CORE\u2019s price gains came in the weeks leading up to the Bitcoin halving, with the crypto\u2019s price skyrocketing by over 220% in a single week. CORE\u2019s interoperability with Bitcoin also gives it an edge, with the network launching \u2018CoreBTC,\u2019 which allows users to bridge their BTC tokens to the network, thereby tapping into the liquidity on the flagship network, Bitcoin.\u00a0 Coinbase On A Roll Coinbase\u2019s decision to add CORE to its list listing roadmap follows its recent listing of XRP and BONK for its New York customers. The crypto exchange\u2019s decision to relist XRP undoubtedly raised eyebrows, considering it had delisted the crypto token in 2021, shortly after the legal battle between the Securities and Exchange Commission (SEC) and Ripple began.\u00a0 Meanwhile, BONK’s listing has caused many in the crypto community to question when the crypto exchange will also list meme coins, Dogwifhat, and PEPE. Coinbase\u2019s hesitation to list these two meme coins continues to be a surprise, given that they are the fourth and third largest meme coins by market cap, respectively.\u00a0\u00a0\u00a0 Related Reading: Uniswap Shoots Past $10 On 15% Price Explosion \u2013 Here\u2019s The Trigger Meanwhile, Coinbase International Exchange also recently announced that it will add support for Bonk, FLOKI, and Shiba Inu perpetual futures on its platform and Coinbase Advanced. The platform added that trading will officially begin on May 30th. Coinbase Derivatives also recently launched futures contracts for the foremost meme coin, Dogecoin.\u00a0 Featured image from NBC News, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":609849,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,9468,6664,4735,3505],"class_list":["post-609819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-core","tag-crypto","tag-price-action","tag-price-analysis"],"acf":[],"yoast_head":"\nWhy Did CORE Price Surge 20% While The Crypto Market Dumped?<\/title>\n<meta name=\"description\" content=\"CORE, the native token of the layer-1 network CoreChain, has surged over 20% in the last 24 hours. 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