• 15 June, 2024
News

Coinbase Adds Core to Roadmap, Boosting Crypto Market Confidence

Core’s crypto token has seen a price surge following its inclusion in Coinbase’s Listing roadmap, which the exchange announced via an X post. At publication, the asset trades at $2.00, with a daily trading volume of $174,414,464. Core has seen a 24.69% uptick in the last day.

This development follows Coinbase’s ongoing plans to expand its crypto catalogue. Historically, the crypto asset included in Coinbase’s roadmap has been listed on the exchange. Core’s inclusion suggests a high probability of it being officially listed soon. The anticipation has fueled market enthusiasm, reflected in Core’s impressive price performance.

Core operates on a layer-1 blockchain network compatible with the Ethereum Virtual Machine (EVM). This compatibility allows the execution of Ethereum smart contracts and the use of decentralized applications (dApps), broadening Core’s utility and appeal in the crypto market. 

The network leverages the “Satoshi Plus” consensus algorithm, combining authorized Bitcoin mining hash power with Delegated Proof-of-Stake (DPoS). This approach aims to enhance network security and performance, bolstering investor confidence.

Since launching its mainnet in January 2023, Core has ascended to become the sixty-fifth largest cryptocurrency by market capitalization, currently standing at $1,705,602,554. Although not yet traded on Binance, Core is available on other exchanges like Bybit and OKX.

The crypto community has responded positively to Core’s progress. Influential crypto trader Karl (@karl_xbt) noted that Core isprimed for its next leg,” highlighting its successful retest and bounce off the 100 MA. Similarly, CRG (@MacroCRG) emphasized Core’s potential alongside Bitcoin’s price movements, indicating strong bullish sentiment.

Coinbase’s inclusion of Core on its roadmap signals potential growth and increased visibility for the cryptocurrency. As Coinbase continues to diversify its offerings, market participants are closely watching Core’s performance, anticipating its possible listing on one of the world’s leading crypto exchanges.

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