Bitcoin-Powered Core DAO (CORE) Skyrockets By 220%
Core DAO (CORE), the cryptocurrency behind the Core blockchain, has seen a 220% price increase in the last week, bringing it to the 55th position among all cryptocurrencies by market cap.
CORE operates on the Core blockchain, a Layer 1, EVM-compatible platform that supports the Bitcoin network by offering a secondary BTC block reward.
The blockchain’s unique Satoshi Plus consensus mechanism ensures decentralization, scalability, and security.
CORE aims to create a strong and inclusive community within the Web 3 ecosystem, offering features like a stake bridge, airdrops, and a mining app.
CORE’s market cap was around $2.3 billion, with a 24-hour trading volume of approximately $447 million.
Factors behind CORE’s exponential rally include the anticipation of the Bitcoin halving, significant project announcements, and the launch of non-custodial Bitcoin staking. Core has also launched a 6-month incentive program targeting the BTCfi ecosystem.
(With inputs from Shikha Singh)
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