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What Factors Contributed to the 20% Surge in CORE Price Amidst a Dump in the Crypto Market?

NewsBTC LogoNewsBTC1 mo ago

 What Factors Contributed to the 20% Surge in CORE Price Amidst a Dump in the Crypto Market? - NewsBTC

Quick Summary:

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.  Related Reading: Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree Why CORE Soared By Over 20% CORE’s price rallied by over 20% following crypto exchange Coinbase’s decision to add the crypto token to its listing Roadmap.’ That means the foremost US crypto exchange plans to list CORE at some point, although it hasn’t disclosed exactly when that will happen.

Coinbase’s 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.    Related Reading: Uniswap Shoots Past $10 On 15% Price Explosion – Here’s 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.

CORE’s interoperability with Bitcoin also gives it an edge, with the network launching CoreBTC,’ which allows users to bridge their BTC tokens to the network, thereby tapping into the liquidity on the flagship network, Bitcoin.  Coinbase On A Roll Coinbase’s decision to add CORE to its list listing roadmap follows its recent listing of XRP and BONK for its New York customers.


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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-25 @ 23:00:02 (1 months ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 443 words

Reading Time: 3 minutes read

Sentences: 61 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21086151

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

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News Last Updated: 10 hours ago

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