CORE, native token Layer 1 Network CoreChain, has surged more than 20% in the last 24 hours. This is a notable price increase considering the downward trend in the broader cryptocurrency market, along with the prices of other major capped tokens, including: Ethereum (ETH) dumping.
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Why CORE rose more than 20%
The price of CORE rose by more than 20% as follows: Cryptocurrency exchange Coinbase We have decided to add crypto tokens to our ‘roadmap’ list. This means that the leading U.S. cryptocurrency exchange plans to list CORE at some point, but has not disclosed the exact timing. Nonetheless, this is undoubtedly a positive development for the CORE ecosystem, considering the exposure and mass adoption that listing on Coinbase will bring.
CORE runs on: Ethereum Virtual Machine (EVM) CoreChain, a compatible layer-1 blockchain. The network is unique in that it adopts the ‘Satoshi Plus’ consensus mechanism. This mechanism adopts Bitcoin’s proof-of-work (PoW) and Ethereum’s methods. Delegated Proof of Stake (DPoS) It is a mechanism to solve the blockchain trilemma of decentralization, scalability, and security.
CORE is one of the best-performing cryptocurrency assets among the top 100 coins by market capitalization, and considering its year-to-date (YTD) return of over 265%, it has already been around for quite some time. This feat requires only 3 crypto tokens (Dog We FatPEPE and Arweave) companies in the top 50 have gained more YTD than CORE.
Interestingly, most of CORE’s price gains occurred a few weeks ago. bitcoin halving, the price of the cryptocurrency soared more than 220% in one week. CORE’s interoperability with Bitcoin provides benefits, including the launch of ‘CoreBTC’ on the network, which allows users to leverage the liquidity of the flagship network, Bitcoin, by linking their BTC tokens to the network.
Coinbase on a roll
Coinbase’s decision to add CORE to its listing roadmap is as follows: Recently listed XRP BONK for New York customers. The cryptocurrency exchange’s decision to relist XRP undoubtedly raised eyebrows, considering that it delisted the cryptocurrency token in 2021, shortly after XRP was listed. legal battle Between Securities and Exchange Commission (SEC) And then the ripple started.
Meanwhile, the listing of BONK has left many in the cryptocurrency community wondering when the cryptocurrency exchange will also list meme coins. Dogwifhat and PEPE. Coinbase’s hesitation to list these two meme coins continues to be surprising, given that they are the fourth and third largest meme coins by market capitalization, respectively.
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Meanwhile, Coinbase International Exchange also Recent Announcements Bonk, FLOKI and shiba inu We offer perpetual gifts on our platform and on Coinbase Advanced. The platform added that trading will officially begin on May 30. Coinbase Derivatives also recently launched futures contracts. Best meme coin, Dogecoin.
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Source: NewsBTC.com